Course Details

Project Estimation and Cost Management

Course Code PMGT-727
Lecture hours per week 4
Lab hours per week
Course Availability: Open
Description:

In today’s competitive business environment project management skills must include a solid understanding of the Basics of Project Financing and Economic principles. Projects are investments, hence Project Managers need to estimate and evaluate a project’s financial viability. The course covers formulating; estimating, evaluating and quantifying economic outcomes of feasible alternative choices to select the best and maximize the project’s economic value. Participants are introduced to a comprehensive array of analytical models that are required in analyzing, budgeting and controlling the financial outcome of projects. The key topics covered include time value of money, economic equivalence, probability and statistical concepts in assessing uncertainty, cost estimating techniques, analyzing project risk and contingency budgets, life-cycle costs, after tax cash-flow, profitability and sensitivity analysis.

Course Outline