![]() Instead, here are the voices and testimonials from a number of our students so that you hear what they had to say.įirst up is Sondra Rosenbauer who loved it because you can study anywhere. And at this point, you probably expect I am going to tell you how great the PrepCast is, right? Well, don’t take it form me. I am Cornelius Fichtner and I am your lead instructor. Hello, and welcome to this free lesson from The Project Management PrepCast™. Transcripts are not provided for other PrepCast lessons. Please note that the transcript is provided for promotional purposes only. President, OSP International LLC Transcript We answer the question "When can you estimate the cost of a project with 100% precision?". We review the definition, glance at the four processes (Plan Cost Management, Estimate Costs, Determine Budget and Control Costs), and we discuss trends, agile and tailoring considerations for the knowledge area. This lesson is the introduction and overview of the Project Cost Management Knowledge Area. Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so the project can be completed within the approved budget." This definition is taken from the Glossary of Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017. The first minute of this free lesson is a quick preface about PrepCast features and functionality.
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