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Project costing management12/18/2023 ![]() This lesson may look nice and light but it’s very informative. ![]() And finally, we examine some of the latest trends in costing. We also discuss some generalizations about changes and cost over the life of the project. In this lesson, we go through the definitions of the processes that belong under this knowledge area. The objective of cost management is to provide the information to allow you to complete your project within the approved budget. In this lesson, you’ll get an overview of the Project Cost Management knowledge area. Hello and welcome to The Project Management PrepCast™ your cost-effective way of preparing for your certification. There are hundreds more testimonials like these from our students on for you to read. And finally, here is Shadrack Baraka who says that the PM PrepCast™ is the most well thought out course that he has ever interacted with and that he would recommend it to any aspiring project manager. Thank you, Devie! Furrukh Rao is completely satisfied with the course material and Jill felt completely prepared and so she passed the exam on her first try. I particularly like this one here from Devie Kusuma because he said that I have a very engaging teaching style. Gina Vu passed her exam on the first try calls the PrepCast a great investment and recommends it. ![]() Shahrukh Cummins not only used it anywhere but also anytime! In particular, during his breaks several times a day. Instead, here are the voices and testimonials from a number of our students so that you hear what they had to say.įirst up is Sondra Rosenbauer who loved it because you can study anywhere. And at this point, you probably expect I am going to tell you how great the PrepCast is, right? Well, don’t take it form me. I am Cornelius Fichtner and I am your lead instructor. Hello, and welcome to this free lesson from The Project Management PrepCast™. Transcripts are not provided for other PrepCast lessons. Please note that the transcript is provided for promotional purposes only. President, OSP International LLC Transcript We answer the question "When can you estimate the cost of a project with 100% precision?". We review the definition, glance at the four processes (Plan Cost Management, Estimate Costs, Determine Budget and Control Costs), and we discuss trends, agile and tailoring considerations for the knowledge area. This lesson is the introduction and overview of the Project Cost Management Knowledge Area. Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so the project can be completed within the approved budget." This definition is taken from the Glossary of Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017. ![]() The first minute of this free lesson is a quick preface about PrepCast features and functionality. ![]()
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