Understand key cost management processes including cost estimation techniques (analogous, parametric, bottom-up), budgeting, and cost baseline development. You’ll also gain insights into cost control measures to keep the project on track financially.

Terms you should understand:

— Project Cost Management
— Time and Materials (T&M)
— Fixed Price (FP)
— Fixed Price with Incentive Fee (FPIF)
— Cost Plus Fixed Fee (CPFF)
— Cost Plus Percentage of Cost (CPPC)
— Sole Source
— Contingency and Management Reserves