| Degree Description: |
Projects are identified, and selected largely on the basis of their financial attractiveness. In the Project Cost Management course students will apply the concept of the time value of money to predicted costs and revenues. You will commonly accepted financial ratios (capital budgeting decision tools) to assess project viability. After project go-ahead, management must ensure that these cost forecasts are attainable. You will be guided by the use of examples and class exercises through the typical estimating, budgeting and control processes used to manage costs. The PMI PMBOK® Guide will be used as a class reference to cost management processes and definitions.
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