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Course Description

When managing a project, you need to be able to say something about how you think the cost will evolve over the rest of the project. You're gathering information as the project executes. Because the project team is doing activities and the organization is paying for them, you are earning value. That information is useful in making estimates of what it will take to go from where you are right now in a project execution all the way to the end. So, suppose you're in a specific point in the project execution and you now need an updated forecast to final costs. How do you make that forecast? You have actual cost that you've incurred from the beginning of the project until now, but how do you go about constructing the forecast, which will take those actual costs and marry them with your estimate of what's coming in order to get a final budget at completion, or a final cost at the end? In this lesson, you will explore the many options available.

Benefits to the Learner

  • Examine the different methods of forecasting cost
  • Determine how to create an updated forecast of final costs
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Type
self-paced (non-instructor led)
Dates
Jan 22, 2019 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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