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Understanding Project Budget and Accounting

Learn best practices for defining and managing the budget.

GK# 2950

Course Overview


Defining and managing the project budget can be a challenge-especially for those of us who are not financial experts. In this short course, you'll learn why it's important to establish how you will manage costs up front, best practices for cost identification and estimating, and how to develop a budget. You'll also discover key metrics that can help you manage the budget throughout the project life cycle.

Virtual short courses do not include materials or headsets.

PMP is a registered mark of the Project Management Institute, Inc.


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What You'll Learn

  • Importance of creating a cost management plan
  • Different types of cost
  • Basic techniques for estimating costs
  • Develop project budget
  • Role of earned value analysis in controlling project costs


Viewing outline for:

Virtual Classroom Live Outline

1. The importance of project budgets

2. Types of costs

3. Creating a cost management plan

4. Cost accounts

5. Developing the project budgets

6. Baselining the budget

7. Performance measures

8. Controlling costs

Who Should Attend


Project Management Professional (PMP)® -certified project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, program managers, project sponsors, and project team members who want to continue to develop their skills and renew their PMP® certification.



This course qualifies you for the following PMI® Professional Development Units (PDUs):

  • Technical Project Management = 2
  • Strategic = 2

Total = 4

Follow-On Courses

Course Delivery

This course is available in the following formats:

Virtual Classroom Live

Experience expert-led online training from the convenience of your home, office or anywhere with an internet connection.

Duration: 1 day

Request this course in a different delivery format.