Resources and Budgeting (Project Management)
Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with UMass Lowell.Full disclaimer.
This seminar is based on, but explores beyond, the core processes of the Project Management Institute: Scope, Time, Cost and Integration Management. It is appropriate for students being introduced to project management methods, as well as for those who know the fundamentals but want to expand their toolkit with new techniques and metrics for justifying needed resources, budgeting a project, and tracking and controlling work, schedule, cost, and value performance.
Performing projects requires resources, and resources always cost money and are of limited availability. Since the project is an investment, the project manager must strive to utilize the resources with which they are entrusted to maximum efficiency, generating the maximum value based on the terms of the project investment. This may often mean learning how to justify additional resources, based on the precise targeting of their use to generate greater value. Using standard PMBOK® Guide techniques, enhanced by the techniques and metrics of Total Project Control, this seminar explores all the main tools for both planning and tracking resource usage, as measured in both labor hours and dollars.
- Activity-based resource assignments and costing
- Resource scheduling and leveling
- Developing a project budget
- Developing a cost accrual schedule
- Earned value planning and analysis, including all standard PMBOK Guide and DoD metrics
- The new project tracking metrics of the TPC methodology
Project Management Certificate
With a Project Management certificate from the School of Management, you will learn to meet the challenges that face today's project managers and develop the competencies needed to successfully plan and manage projects. The program includes practical exercises in managing project attributes such as scope, time, cost, quality, human resources, communication, risk, and integration.
By the completion of this program, you will be able to:
- Generate project requirements and criteria for evaluating project success
- Create a work breakdown structure with specifications
- Design a project schedule with activities, durations and interdependencies
- Delineate, assign and track project resources and associated costs
- Identify and quantify project risk and develop mitigation strategies
- Understand different contract types and their impact on a project
- Identify, capture and analyze metrics used in controlling a project
- Understand the leadership competencies of successful project managers
- Understand how to build successful project teams or deal with issues affecting their performance
- Apply project management tools to avoid some of the most common problems which plague today’s project managers
PMP Exam Preparation
This program satisfies the 35 contact hours required to apply for the Project Management Professional (PMP) certification exam. The content delivered is based on the Project Management Body of Knowledge (PMBOK), the same content that is the foundation of the PMP exam. This course is a good option if you prefer a classroom setting and need more one-on-one interaction as you prepare to take the exam. It is also a great place to network with other aspiring PMPs, and project managers. Many of the participants form study groups with each other.
- Project integration management
- Project scope management
- Project time management
- Project cost management
- Project human resource management
- Project risk management
- Project quality management
- Project communications management
- Project procurement management
- Project stakeholder management
- Final project management review
Who should attend
Professionals in project management who desire to become a PMI certified PMP credential holder. Project managers, program managers and project team members who are interested in gaining a better understanding of project management and methods for improving the quality of their environments. This program satisfies the 35 contact hours required to apply for the Project Management Professional (PMP) certification exam.