2017-2018 Catalog 
    
    Mar 28, 2024  
2017-2018 Catalog [ARCHIVED CATALOG]

PMI4030 - Controlling Project Costs and Risks

(3 units)
This course explores project selection, evaluation, initiation, and the planning that follows. It will discuss project scope and its relationship to costs, as well as the cost-estimating process. Learn how simple but effective tools, like MS Excel and MS Project, can help control project costs. Students will also study risk management - including the nature of risk factors; methods of assessing and estimating impact of risk; and ways of avoiding or mitigating risks. Other topics include monitoring and reporting, sustaining commitment, resource reallocation, balancing time versus quality, performance measurement, and change management.  Students explore how to successfully monitor project and program performance through Earned Value Project Management (EVPM). EVPM gives customers and suppliers the ability to track technical aspects, cost, and schedule. It also integrates cost, schedule and technical aspects into programmatic report synopses. The course will follow the Project Management Institute’s (PMI) Project Management Body of Knowledge (PMBOK) 5th edition and The Fast Forward MBA in Project Management (Fast Forward MBA Series).