Course Description:

One of the most important duties of the project manager is to ensure that the project is completed within the budget and without using any more resources- such as employees, raw materials, equipment, and technology- than necessary. In other words, efficiency is just as important as effectiveness in determining whether or not a project was successful. Learning cost and resource management is crucial to achieving project efficiency. To help you learn this skill, we have created this course. It is the second in a series of courses on project management for beginners, and it will teach you a number of skills including conducting a feasibility analysis for your project, tips for keeping your costs under control, and strategies for prioritizing the three project constraints. Learning objectives: – Learn the meaning of a feasibility study – Learn why you should conduct a feasibility study – Learn what makes a project feasible – Learn when you should conduct a feasibility study on your project – Learn the steps to take to conduct a feasibility study – Learn how to create a feasibility report – Learn six tips for effectively managing resources – Understand why you should create a project budget – Learn the different monetary factors to include in a project budget – Learn 7 tips for creating a project budget – Understand the importance of cost management – Learn the different processes involved in cost management – Learn a template for creating a project budget – Learn to differentiate between costs that are easy to measure and those that aren’t – Learn six tips for managing your costs – Learn six tips for completing your project under budget – Learn six tips for tracking your expenses – Learn the three constraints that projects typically have – Learn how to prioritize these constraints

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