Project Management Applied

Developing a Budget (Cost Estimating) (PMA06)

Starting a car without any fuel in the gas tank is never a great idea, is it? Without gas, the engine can’t start, the car won’t move, and you’ll never get anywhere.

Similarly, a project without a proper budget in place won’t go anywhere either. You need approved funding to get all the resources in place before you start your project on the road to success. After all, how many projects really get going for free?

Stakeholders want to see every cent accounted for before they give their approval. Whether that’s in direct or indirect costs, or part of a risk contingency plan. But how can you plan for unknown costs and risks? This course is designed to show you how to deliver a thorough and accurate budget for your project.

By the end of this course, you’ll be able to:

•Recognize the importance of a project budget
•Choose the estimation system that’s right for you
•Describe the steps to building a comprehensive budget for your project

Why take this course?

Project managers and their teams across all industries will benefit from effective project budgeting. This course will help you to create a fully costed budget to get approval from stakeholders, and lead your project to success.

15 mins | SCORM | Takeaway Tasks

  • Developing a Budget (Cost Estimating)
Completion rules
  • All units must be completed