The Project Budget in Context
- Why we do projects: Business Value
- Impact of Portfolio Management
- Budget lifecycle
- Connecting project, program and business budgets
- How effective project management prevents cost overruns
- Setting project baselines
- The four functions of the budget
Initiation
- How to create useful estimates
- Estimating project cost
- Defining scope
- Analyzing risks
- Considering organizational impact
- Creating a high level budget
- Estimating Project Return
- Define Business Value
- Time frame
Planning
- Work Breakdown Structure (WBS)
- Schedule
- Building on the WBS
- Value of a formal schedule
- Resource planning
- Risk
- Sources of budget risk
- Value and cost of proactive risk management
- Contingency cost
- Management Reserve cost
- Creating a Budget
- Elements of project cost
- Elements of post-project cost
- Assigning cost responsibility
- The project performance baseline
- Managing project constraints
Execution
- Monitoring project cost and progress
- Forecasting with Earned Value Management
- Controlling cost through project Change Control
- What you should never cut from your project
- Managing project baselines
Transition
- Delivery to the customer
- Optimizing long term project value
- Closing the budget
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