Project Management Foundations: Budgets
This course provides an introduction to the fundamentals of project management, including budgeting. Gain the skills necessary to effectively manage a project's budget and ensure successful completion. ▼
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Course Feature
Cost:
Free Trial
Provider:
LinkedIn Learning
Certificate:
No Information
Language:
English
Start Date:
Self Paced
Course Overview
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Updated in [March 06th, 2023]
This course provides an overview of project budgeting and estimation techniques. Participants will learn how to differentiate between common estimation approaches used to create project budgets and understand when to use them. They will also learn best practises for budget expectation management while employing effective budget refinement techniques. Additionally, participants will explore agile project budgeting methods, various methods for resolving project budget overruns, and effective budget reporting methods, including how they can be used to report project status. Finally, participants will recognize the issues and changes that can jeopardise a project's budget.
[Applications]
After completing this course, participants should be able to apply the knowledge and skills acquired to create and manage project budgets. They should be able to differentiate between common estimation approaches used to create project budgets and understand when to use them. They should also be able to determine best practises for budget expectation management while employing effective budget refinement techniques. Additionally, they should be able to describe and investigate agile project budgeting methods, examine various methods for resolving project budget overruns, and examine effective budget reporting methods, including how they can be used to report project status. Finally, they should be able to recognize the issues and changes that can jeopardise a project's budget.
[Career Paths]
1. Project Manager: Project Managers are responsible for overseeing the planning, execution, and closure of projects. They are responsible for ensuring that projects are completed on time and within budget. They must also ensure that all stakeholders are kept informed of progress and any changes that may occur. As the demand for project management increases, so does the need for qualified Project Managers.
2. Financial Analyst: Financial Analysts are responsible for analyzing financial data and making recommendations to management. They must be able to interpret financial statements and identify trends in order to make sound financial decisions. They must also be able to develop and implement financial strategies that will help the organization achieve its goals.
3. Budget Analyst: Budget Analysts are responsible for developing and monitoring budgets for organizations. They must be able to analyze financial data and develop budget plans that are in line with the organization's goals and objectives. They must also be able to identify areas of potential cost savings and recommend ways to reduce expenses.
4. Cost Estimator: Cost Estimators are responsible for estimating the cost of projects. They must be able to analyze data and develop accurate cost estimates for projects. They must also be able to identify potential risks and develop strategies to mitigate them. As the demand for cost-effective projects increases, so does the need for qualified Cost Estimators.
[Education Paths]
1. Bachelor of Science in Project Management: This degree program provides students with the knowledge and skills necessary to manage projects from start to finish. Students learn how to develop project plans, manage budgets, and lead teams. They also learn how to use project management software and tools to track progress and ensure successful completion of projects. This degree is becoming increasingly popular as organizations recognize the value of having project managers who understand the complexities of managing projects.
2. Master of Science in Project Management: This degree program builds on the knowledge and skills acquired in a Bachelor of Science in Project Management. Students learn advanced project management techniques, such as risk management, cost estimation, and project scheduling. They also learn how to use project management software and tools to track progress and ensure successful completion of projects. This degree is becoming increasingly popular as organizations recognize the value of having project managers who understand the complexities of managing projects.
3. Doctor of Philosophy in Project Management: This degree program is designed for those who want to pursue a career in research and teaching in the field of project management. Students learn advanced project management techniques, such as risk management, cost estimation, and project scheduling. They also learn how to use project management software and tools to track progress and ensure successful completion of projects. This degree is becoming increasingly popular as organizations recognize the value of having project managers who understand the complexities of managing projects.
4. Master of Business Administration in Project Management: This degree program provides students with the knowledge and skills necessary to manage projects from start to finish. Students learn how to develop project plans, manage budgets, and lead teams. They also learn how to use project management software and tools to track progress and ensure successful completion of projects. This degree is becoming increasingly popular as organizations recognize the value of having project managers who understand the complexities of managing projects.
Course Syllabus
What is a project budget?
Budgets with WBS and project tools
Discover costing standards
Consider enterprise environmental factors
Examining capital and operating costs
Course Provider
Provider LinkedIn Learning's Stats at AZClass
The course introduces the fundamentals of project management including budgeting. This course is about Project Management Fundamentals: Budgeting. It covers best project budgeting and estimating practices, common estimating methods for creating project budgets, managing budget expectations, agile project budgeting methods, resolving project budget overruns, budget reporting methods, and how to identify issues and changes that could jeopardize project budgets and other topics. Users will learn best project budgeting and estimating practices, distinguish common estimating methods used to create project budgets, and identify best practices for managing budgetary expectations.
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