• Newly appointed project managers
• Project managers with limited experience
• Functional managers who support project managers
• Professionals who desire a career in Project Management

• Module 1: An Overview of Time and Cost Management defines the processes for the Time and Cost knowledge areas.

• Module 2: The Estimating Process identifies fundamental estimating processes to determine a solid project schedule and baseline.

• Module 3: Creating the Preliminary Schedule and Budget

• Module 4: Finalizing the Schedule and Budget

• Module 5: Establishing a Control System introduces the purpose of the planning, monitoring, and controlling life cycle.

• Module 6: Evaluating Project Progress

• Module 7: Using Earned Value focuses on the Earned Value Analysis technique for quantifying project progress.

• Module 8: Identifying Troubled Projects provides a "real-world" identification model for troubled projects and corrective action techniques.

This course will incorporate practical hands-on case studies to reinforce the skills taught.

Module 1: An Overview of Time and Cost Management

• The Purpose of Time Management
• The Time Management Processes
• The Purpose of Cost Management
• The Cost Management Processes

Module 2: The Estimating Process

• What is Estimating?
• Ten common obstacles to good estimates
• Using estimates for time and cost management
• Estimating Accuracy Levels (e.g., order of magnitude, budget, definitive)
• Estimating Types (e.g., top-down, bottom- up, etc.)
• Estimating Methods (e.g., analogous, parametric, etc.)
• Identifying and Planning Contingency
• Establishing a Baseline for time and cost
• How to Deal with Poor Estimates

Module 3: Creating the Preliminary Schedule and Budget

• Top-down estimates
• Top-down estimating steps
• Determining the Estimating Goal
• Documenting the Estimating Assumptions
• Identifying the Estimating Elements
• Selecting Estimating Guidelines by product
• What is a Schedule?
• Developing a Preliminary (High-level) Schedule
• What is a Budget?
• Developing a Preliminary Budget

Module 4: Finalizing the Schedule and Budget

• Bottom-up Estimates
• Bottom-up Estimating Steps
• What is the Finalized Schedule?
• Refining the Preliminary Schedule
• What is the Finalized Budget?
• Refining the Preliminary Budget
• Budgeting by Cost Categories
• Using a Budgeting Worksheet
• Five Budgeting Tips

Module 5: Establishing a Control System

• Establishing a Baseline
• The Role of the Control System
• The Relationship of Planning, Monitoring, and Controlling
• Establishing a Project Control System
• Forecasting Project Schedule and Budget

Module 6: Evaluating Project Progress

• The Importance of Monitoring Time and Cost
• Monitoring Approaches
• Levels of Monitoring
• Steps for Collecting and Validating Status Data
• Causes of Variance
• Conducting Trend Analyses
• Four Important Trends to Look For
• Integrating Time and Cost Control
• Developing Time and Cost Control Reports

Module 7: Using Earned Value

• What is Earned Value Analysis (EVA)?
• When is the Earned Value Approach Appropriate?
• Earned Value Analysis Limitations
• What are the Earned Value Data Elements?
• Using Earned Value for forecasting time and cost.

Module 8: Identifying Troubled Projects

• What is a Troubled Project?
• The Troubled Project Process
• Trouble Indicators
• Responses to Jeopardies

• Define the purpose of Time and Cost Management.
• Use the Work Breakdown Structure as a foundation for estimating and control.
• Apply planning tools and techniques for effective time and cost management.
• Establish a comprehensive baseline for effective time and cost management.
• Develop a planning, monitoring, and controlling cycle for your project.
• Use Earned Value Analysis to evaluate and measure time and cost performance.
• Identify characteristics of troubled projects in the executing and controlling phases.
• Apply techniques to bring the project within accepted tolerance levels.

• Project Integration Management
• Project Scope Management
• Project Time Management
• Project Cost Management
• Project Human Resource Management
• Project Risk Management