Developing Project Costs and Budgets: A Competency-Based Approach that Integrates Financial Management and Budgeting with Management Controls and ... Workbooks for Structured Learning)

Winner - 2023 Global Book Awards: SILVER MEDAL / Project ManagementEstimating the resources needed to accomplish projects, figuring out how much those resources will cost, and developing budgets that describe how the projects will be paid are all part of developing project costs and budgets. Explaining and proving the need for the projects and the resources they demand is the process of justifying project expenditures and budgets.Understanding how businesses manage and report money is the first step in developing costs, budgets, and justifying spending. Thereafter, follow the processes outlined in this workbook. As you go through this guide, examine how the ideas might be applied to your projects, consider the advice and integrated what-to-do actions, participate in the various learning activities, and reflect on the recommendations.After completing this workbook, you will be able to:List and describe several typical types of budgetsExplain the general process of budgetingProvide examples of costs and benefitsDiscuss standard financial analysis tools and techniquesDescribe how budgets and earned value analysis can help control projects 10 Key Concepts to MasterUnderstand How Organizations Use Budgets Understand How Organizations Track and Report Money Appreciate How Budgeting Relates to Time Understand Budget Forecasting Estimate Project Costs Evaluate Project Benefits Analyze the Break-Even Point Consider the Present Value of Money Make Decisions Using Facts Use Budgets and Earned Value Analysis for Control Structured Learning All our workbooks align with our research-based Competency Model. The model, which is rooted in work by the U.S. Department of Labor and others, gives you a framework for structured learning by helping you identify and develop specific competencies.Competencies are sets of skills, knowledge, attitudes, and behaviors that are observable and measurable. Our model has 35 competency dimensions associated with successful performance in leadership and professional roles. Competencies are clustered into five domains that may overlap.This Developing Project Costs and Budgets workbook focuses on the competency areas of Financial Management and Budgeting, Management Controls, and Resource Management. The content is primarily associated with the Resource Management competency cluster or domain. For more information or visit: www.centrestar.comBest of all? You can take any course:Online at your own pace through Centrestar and earn CEUs or PDHs: www.centrestar.comSelect workbook materials through Amazon and conduct your own customized inhouse trainingArrange to have any or all sessions instructor led via remote platform for your organization by the Pennsylvania College of Technology: call: 570.327.4775 or email: workforce@pct.edu Read more