Cost Management and IT Project Trade-offs


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number



Overview/Description
Have any of your IT projects lost money because of inaccurate budgeting or client changes to project scope? This course will help you eliminate budgeting problems by providing you with techniques to manage project costs. It will also provide you with a new approach to manage client changes to reduce negative impacts on project plan and scope changes.

Target Audience
This course is specifically targeted to experienced IT managers and managers who support IT project managers. Company executives, project managers, and functional managers with employees assigned to project teams will also benefit from this course.

Expected Duration (hours)
4.5

Lesson Objectives

Project Cost Management

  • recognize the importance of understanding the principles of project cost management.
  • identify the cost management principles used in IT projects
  • identify the components of the formula used to calculate resources required for a task.
  • calculate the resources required for a given IT project scenario.
  • match cost estimation techniques to examples of each.
  • determine the cost estimating technique a project manager should use in an IT project scenario.
  • match cost budgeting tools to their examples.
  • apply earned value analysis to a given IT project.
  • IT Project Trade-offs

  • recognize the benefits of understanding the IT project trade-offs approach to project management.
  • recommend the best duration reduction strategy and its trade-off to satisfy a client's needs in a given IT project scenario.
  • recommend the best budget reduction strategy and its trade-off to satisfy a client's needs in a given IT project scenario.
  • recommend the risk reduction strategy and its trade-off to satisfy a client's needs in a given IT project scenario.
  • apply the IT project trade-offs approach by determining the best trade-off to satisfy a client's needs in a given IT project scenario.
  • Course Number:
    PROJ0366