Learn about how to track costs and control costs in a project.
- View Offline
- Exercise Files
- [Voiceover] During planning,…you estimated what the project will cost.…And possible rework the plan…to fit the budget management gave you.…Now that your team is working away on their tasks,…you need to track the costs that are rucking up,…to ensure that the project stays within budget.…It's important to know the cost information…that your organization cares about.…That way you'll know what day to gather,…and how to report Financial Information.…
Ask the project sponsor,…or someone in the Finance Department,…how your organizations…Financial Reporting works.…You also need to know…the level of detail to track for costs.…And that typically depends,…on your organizations culture,…and focus.…If contracts are part of your project,…whether they're with the customer,…or with vendors.…The type of contract…can determine the level of detail,…you need to track.…For example,with time and materials contracts,…you need to obtain detailed…labor and material costs,…in order to build the customer.…
On the other hand,…fixed price contracts…
Bonnie Biafore has always been fascinated by how things work and how to make things work better. In this course, she explains the fundamentals of project management, from defining the problem, establishing project goals and objectives, and building a project plan to managing team resources, meeting deadlines, and closing the project. Along the way, she provides tips for reporting on project performance, keeping a project on track, and gaining customer acceptance.
- Defining the components of a project
- What it takes to be a project manager
- Using project management software like Microsoft Project
- Managing project scope, budget, and schedule
- Managing project resources, including people
- Managing project risk
- Initiating a project
- Identifying and managing stakeholders
- Identifying requirements and deliverables
- Developing a project plan
- Building a project schedule
- Assigning resources to tasks
- Understanding the critical path
- Running the project
- Managing teams
- Monitoring performance
- Closing a project
Skill Level Beginner
1. Getting to Know Project Management
2. Exploring Project Management Knowledge Areas
3. First Things First
How to develop requirements4m 19s
4. Developing a Project Plan
5. Building a Project Schedule
6. While You Run the Project
7. Working with Teams
8. Monitoring and Controlling Progress and Performance
9. Closing a Project
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
Take notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.