Cost PMP Knowledge Area

Cost management is a small knowledge area but contains a very large number of tools and techniques with which many people studying for the PMI exams are unfamiliar.  Earned value is one of these techniques and it receives a lot of attention on the exam. In this knowledge area, we start by making a cost management plan. Then using the resource estimates developed in the schedule knowledge area, we estimate the costs for the project. Next, we put those costs together into a time-phased budget using the actual schedule that is now in place. During Executing, we control our costs with variance analysis and earned value analysis to identify problems and solve them.

Please Play One Video at a Time

Cost Introduction

Plan Cost Management

Estimate Costs

Determine Budget

Cost Summary

Take PMP Cost Management Knowledge Area Exam

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