CAPM06 | Project Cost Management Part 1 – Preparing for the CAPM
Terri Echegoyen and Mark Phillipy continue to study for the CAPM exam. In this session we cover the first three sections of Chapter 7 Project Cost Management of the PMBOK. This is the sixth session in the mentoring series “Preparing for the CAPM”. Mark and Terri study together out of the fifth edition of the PMBOK as Terri gets ready to take the CAPM exam.
Preparing for the CAPM Series
I received such great feedback about “Preparing for the CAPM” series, I have decided to increase its value to those who are preparing to take the CAPM exam. In doing so, I have packaged the series into a full blown CAPM Prep program. The new and better series is the center of the site. Select here to learn more about the SensiblePM CAPM Prep Program.
What is covered in this Session?
During the podcast you will learn about the following Cost Management Processes:
- Plan Cost Management
- Estimate Cost
- Determine Budget
Additionally you will learn the following
Some of the key cost estimating techniques that were discussed are:
- Analogous estimating
- Parametric estimating
- Bottom-Up estimating
- Three-point estimating
- Reserve analysis
- Cost of Quality (COQ)
- Vendor Bid Analysis
Share with your friends
If you are enjoying this series and it is helping you prepare for either the CAPM or PMP exam I would ask that you please share this with a coworker or friend. I am very interested in sharing this series with as many project managers as possible.
Thank you for sharing!
I would appreciate it if you would leave a comment below regarding your experience in preparing for either the CAPM or PMP exam. If you have tips for others on how to prepare for the test, I am sure others would appreciate the suggestions.
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