PMP® Cost Management 5th Edition | PMP® Training Videos | Project Cost Management | Simplilearn

PMP® Cost Management 5th Edition | PMP® Training Videos | Project Cost Management | Simplilearn

This PMP® Training Video will help you understand about the Project management's fourth knowledge area, that is Project Cost Management. Project Cost Management plan contains details about managing costs on a project. It provides details on how to plan, manage and control the project cost in relation to the cost baseline and manage the cost variances. This PMP® Training Video will explain: 1. What is Cost Management Plan 2. Control Account 3. Plan Cost Management 4. Cost Estimation 5. Budget Determination Project Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget. Subscribe to Simplilearn channel for more Project Management Tutorial Videos (PMP®) - https://www.youtube.com/user/Simplilearn?sub_confirmation=1 Project Management (PMP®)Articles - https://ift.tt/322fcSw To gain in-depth knowledge of Project Management (PMP®) and other Project Management (PMP®) tools and techniques, check our PMP® Certification Training Course : https://ift.tt/2NoF73v #PMP #Project Management #PMPTrainingVideos #PMPCertification #SimplilearnPMP #ProjectManagementTutorial - - - - - - - - - - About Simplilearn's PMP® Certification Training Course: The PMP® training course is designed to ensure that you pass the PMP exam on the first try. Our hands-on training approach, entrusted by 52,000 learners, will help you to understand the workings of the five process groups and 10 knowledge areas defined by the PMBOK Guide—Fifth Edition. We guarantee you’ll walk away with all the preparation and confidence you need to conquer the exam and earn the PMP certification. - - - - - - - - - - Who should take up this PMP® Certification Training Course? The PMP certification is an essential professional requirement for senior project manager roles across all industries. The course is best suited for: 1. Project Managers 2. Associate/Assistant Project Managers 3. Team Leads/Team Managers 4. Project Executives/Project Engineers 5. Software Developers 6. Any professional aspiring to be a Project Manager - - - - - - - - - - What types of projects will you complete during this PMP® Certification Training course? Our hands-on approach will guide you through four industry-based projects covering various concepts and scenarios. Project 1: Performance Enhancement and Scope Management Scenario: A client has requested improvements in their existing system’s performance. As the owner of the project, you will lead the project by examining the processes and the flow of activities from project initiation to close, demonstrating a well-defined scope, clear deliverables, budgets, and timelines. Domains covered include IN, PL, EX, M&C, and CL. Project 2: Time and Cost Management Scenario: You are working as a project manager with a software development company that requires a detailed new project. You will categorize the project into different phases, estimate the duration and budget the cost of the project. Domains covered include PL and M&C. Project 3: Project Selection Based on Risk assessment (A) Scenario: An automobile company wants to upgrade a line of cars and one of the requirements is to use special electronic auto parts. As the project manager, you will analyze the need to outsource various activities and offer relevant suggestions to management. Domains covered include PL, EX, M&C, and CL. Project 4: Project Selection Based on Risk assessment (B) Scenario: A software company is developing an application for telecom billing and you are designated the project manager. As a part of the planning process, you will look into the quality-related aspects of the project to ensure that the product meets expectations. Domains covered include PL, EX, M&C and CL. - - - - - - - - - - For more updates on courses and tips follow us on: - Facebook : https://ift.tt/1qm5Oyf - Twitter: https://twitter.com/simplilearn - LinkedIn: https://ift.tt/1y2X9Vr - Website: https://ift.tt/2e6SH5g Get the android app: http://bit.ly/1WlVo4u Get the iOS app: http://apple.co/1HIO5J0
via YouTube https://youtu.be/VwrHzduy8IU