This course is designed to provide you with a deep understanding of the applications and importance of Project Management. You will learn how to assess a project with respect to time, costs, and resources in order to effectively and efficiently reach your goals. You will become familiar with the five processes involved in Project management Initiating, Planning, Executing, Controlling, and Closing on time and within budget-- Project Integration, Project Scope, Project Time, Project Cost, Project Quality, Project Human Resources, Project Communications, Project Risk Management, and Project Procurement that are essential to being an expert Project Manager. This course follows for the most part the framework within the Project Management Institutes Project Management Body of Knowledge (PMBOK). The material, however, places a financial focus on projects as a way to accomplish desired changes in the enterprise in a coordinated and predictable way for favorable outcomes. Topics covered include economic feasibility study, life-cycle costing, target costing, and earned value analysis. Through better project management, you can reduce or eliminate failed projects and reduce the costs associated with successful ones, increasing enterprise effectiveness in providing the maximum value to shareholders.
Recognize what project management is and the steps involved in managing a project. Recognize the relationship between project phases and project life cycle. Identify the purpose of project scorecard metrics. Recognize key aspects of the work breakdown structure (WBS) for planning a project. Recognize the PERT/COST and the Critical Path Method (CPM). Identify what the project reviews should do. Calculate variances using the earned value analysis. Recognize where major project costs occur and why a life-cycle costing approach is appropriate for project costing. Identify the effect of Modified Accelerated Cost Recovery System (MACRS) on capital budgeting decisions. Recognize some risk analysis tools for project management. Recognize key documents and reports used in project management communications.
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