PMP-CAPM Project Cost Management - PMBOK5th Edition Video Training Tut

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PowerPoint Presentation:

Project Cost Management Based on PMBOK 5 th Edition PROJECTSAvvy Inc,USA Website: www.projectsavvy.net, E-mail:sales@projectsavvy.net

PowerPoint Presentation:

Agenda        Definitions Payback Period / Time Value of Money / PV 7.1 Plan Cost Management 7.2 Estimate Costs 7.3 Determine Budget 7.4 Control Costs Earned Value Management 2

PowerPoint Presentation:

Project Cost Management  Cost Management includes the processes involved in estimating, budgeting, and controlling costs so that the project can be completed within the approved budget.  Project managers must make sure their projects are well defined, have accurate time and cost estimates and have a realistic budget that they were involved in approving  Costs are usually measured in monetary units like dollars 3

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Definitions (1)  Profit = Revenue – Costs  Profit Margin = Profit / Revenue  Cash flow refers to the movement of cash into or out of the project.  Direct costs are costs that can be directly related to producing the deliverable of the project: Salaries, cost of hardware & software purchased specifically for the project 4

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Definitions (2)  Indirect costs are costs that are not directly related to the deliverable of the project, but are indirectly related to performing the project, e.g. cost of electricity, Internet, rent and office supplies.  Reserves are dollars included in a cost estimate to mitigate cost risk by allowing for future situations that are difficult to predict 5

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These Are the Demo Slides to Avail the PMP-CAPM Certification Based on PMBOK5 complete Pack self Learning tutorial of 85 Videos Duration more then 70 hours with 1400 plus PMP-CAPM Series and Live Examples with Presentations kindly visit to www.projectsavvy.net or email to us at sales@projectsavvy.net . :

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