PMC107 Project Cost Management

Watch out for cost over-runs; the most frequent killer of projects. Learn about the mission-critical processes required to complete projects within an approved budget. Important focus points include resource planning, cost estimating, cost budgeting, accomplishments monitoring, earned value analysis, cost control, depreciation methods and capital budgeting. Additional related topics will also be addressed, such as:

• labour rates

• overhead rates

• capital investment concepts

• contingency funds/ management reserve

• purchasing/procurement

Students must bring a calculator.

Prerequisite: PMC106

Hours: 14.00