Lesson 08: Allocation of Project Resources and Costs

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About Course

This lesson delves into the integration of financial and resource management to drive project success by balancing cost, quality, and schedule while managing risks and optimizing value. Students will explore methods for performance measurement using KPIs such as the Cost Performance Index (CPI) and Schedule Performance Index (SPI), learn how to conduct trade-off analyses and strategic decision-making in resource-constrained environments, and develop robust contingency plans. 

What Will You Learn?

  • Develop techniques for balancing cost, quality, and schedule to optimize project outcomes
  • Learn structured approaches for financial and resource risk management
  • Understand how to measure performance using industry-standard KPIs
  • Acquire methods for converting performance data into actionable improvements
  • Master strategic decision-making in resource-constrained environments
  • Explore robust contingency planning and trade-off analysis strategies

Course Content

Understanding Project Value and Budgeting

  • Defining Project Value and Cost Metrics
  • Budgeting Fundamentals and Cost Estimation Techniques
  • Implementing Cost Control and Financial Monitoring
  • Understanding Checkpoint

Resource Allocation and Managing Constrained Resources

Integrating Financial and Resource Management for Project Success

Final Exam

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