PM 407 - Introduction to Cost Management in Projects

Institution:

City University of Seattle

Subject:

Description:

Cost management is essential to all companies. Projects are implemented in companies to improve their overall financial performance. In this project environment, cost management involves supporting projects in their developmental stage; establishment of budgets and cost accounts; the monitoring and recording of cost data; and the relationships between cost, schedule and performance data. This course introduces the basic processes associated with cost management, from the establishment of budgets and cost accounts to the monitoring, interpretation, and use of cost data throughout the life cycle of the project. Project cost control is typically concerned with the cost of the resources needed to complete project activities. This course depicts project costs in the broader sense, and includes consideration of additional processes and management techniques such as return-on-investment, discounted cash flow, payback analysis and others. The concept of project life cycle cost is also reviewed.

Credits:

5.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cityu.edu

Phone Number:

(800) 426-5596

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Quarter

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.