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Home > Project Management Training Podcasts > ChPP Competence 1a - Budgeting and Cost Control
Podcast: Project Management Training Podcasts
Episode:

ChPP Competence 1a - Budgeting and Cost Control
Category: Business
Duration: 00:19:28
Publish Date: 2019-01-15 05:25:22
Description:

In this podcast John and Paul discuss Competence 1a - Budgeting and Cost Control. During this podcast they discuss in detail all of the APM Professional Practice and Technical Knowledge criteria.

PP1.1   Establish estimates for different costs associated with a Project

PP1.2   Establish and agree an overall budget for a project

PP1.3   Apply metrics to establish cost trends within a project

PP1.4   Update and refine budget allocations based on a cost analysis through the change control process

PP2.1   Set up funding drawdown arrangements based on an appropriately and accurately informed cash flow forecast

PP2.2   Produce financial reports for stakeholders based on effective financial performance monitoring

PP2.3   Ensure the completion of all financial transactions before the closure of a project and produce final financial reports on the financial performance of a project for distribution to all stakeholders

 

TK 1.1 Evaluate cost tracking tools and techniques

TK 1.2 Evaluate the limitations of cost estimation in the context of a project

TK 1.3 Discuss the value of cost analysis to a project

TK 2.1 Evaluate the importance of cash flow and cash flow forecasts in the context of a project

TK 2.2 Suggest why the monitoring of the financial performance of a project is important to project objectives
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