Thursday, January 24, 2008

Project Cost Management in PMP

I would like to start a new topic on Project Cost Management. Project Cost Management is one of the major topic in PMP and it consists of the following 3 major topics:
  • Cost Estimation
    It is developing an approimation of the costs of the resources needed to complete all project activities.

  • Cost Budgeting
    It is aggregating the estimated costs of individual activities or establish a cost baseline.

  • Cost Control
    It is infuencing the factors that create cost variances and control changes to the project schedule.

2 comments:

Olivia Jennifer said...
This comment has been removed by the author.
Olivia Jennifer said...

I would say that a PMP is highly respected within both IT & non-IT communities where strong project management skills are required. If you plan on a long term career as a project manager, then yes, even with your level of experience, I would suggest getting your PMP. You can prepare yourself for the exam in one of the leading training providers like http://www.pmstudy.com . You can do minimal prep-work to get 40 PMI® Contact Hours and apply to PMI for PMP Exam before the class begins.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)