Flow of Cost in PMP in 3 minutes
Автор: Amer Ali
Загружено: 2023-08-31
Просмотров: 311
Описание:
In this 3-minute series of PMP, I will summarize important points regarding the cost topic.
The video discusses the flow of cost in Project Management in a concise three-minute format.
It highlights the process of creating a cost baseline, which involves developing a cost management plan and considering factors like financing, funding limits, and contingency reserves.
The distinction between cost baseline and project budget is explained, with the project budget including management reserves for unidentified risks.
The importance of measuring cost and schedule performance using the Schedule Performance Index (SPI) and Cost Performance Index (CPI) is emphasized. Values greater than one are favorable.
The formula for Estimated Completion (EAC) is briefly mentioned as a way to estimate additional project costs when the budget changes.
Flow of Cost in PMP in 3 minutes
#PMP
#ProjectManagement
#CostManagement
#ProjectBudget
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Please watch: "What do you need to know about Quality in #PMP? | Tools of Quality | Mastery Series - Quality Ep#7"
• Mastering Quality: Everything You Need To ...
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