0801CLPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-1 Introduction to Managing Cost Estimating & Budgeting
Level
Specialist (Controls Practitioner / Senior Project Manager)
Discipline
Planning & Scheduling
  • Be able to analyse the purpose of Managing Cost Estimating & Budgeting and how applying this governs or impacts the roles and responsibilities of the Planner/Scheduler
  • Is able to analyze the basic tools/techniques of cost estimating and budgeting, determine which one(s) are appropriate and apply them to create a cost estimate/budget
  • Is able to analyze the root causes of why cost estimates tend to be "wrong" and what can or should be done to remedy this, then to apply the appropriate corrections to improve the cost estimating/budgeting process
  • Is able to anal

0810PLPC

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-10 Baselining And Communicating The Cost Estimate/Cost Budget
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Be able to identify and explain the various communication media and how they can or should be used to effectively communicate the cost estimate or the performance measurement baseline including updates to the relevant stakeholders
  • Be able to identify and explain what information should be included in a cost estimate or the performance measurement baseline including updates narrative for each category of stakeholder
  • Be able to define what information needs to be included in a cost and resource loaded schedule in order for it to be baselined and explain the process of how

0810PLFA

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-10 Baselining And Communicating The Cost Estimate/Cost Budget
Level
Professional (Practitioner / Project Manager)
Discipline
Forensic Analysis
  • Be able to identify and explain the various communication media and how they can or should be used to effectively communicate the cost estimate or the performance measurement baseline including updates to the relevant stakeholders
  • Be able to identify and explain what information should be included in a cost estimate or the performance measurement baseline including updates narrative for each category of stakeholder
  • Be able to define what information needs to be included in a cost and resource loaded schedule in order for it to be baselined and explain the process of how

0810PLCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-10 Baselining And Communicating The Cost Estimate/Cost Budget
Level
Professional (Practitioner / Project Manager)
Discipline
Cost Management
  • Be able to identify and explain the various communication media and how they can or should be used to effectively communicate the cost estimate or the performance measurement baseline including updates to the relevant stakeholders
  • Be able to identify and explain what information should be included in a cost estimate or the performance measurement baseline including updates narrative for each category of stakeholder
  • Be able to define what information needs to be included in a cost and resource loaded schedule in order for it to be baselined and explain the process of how

0810PLPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-10 Baselining And Communicating The Cost Estimate/Cost Budget
Level
Professional (Practitioner / Project Manager)
Discipline
Planning & Scheduling
  • Be able to identify and explain the various communication media and how they can or should be used to effectively communicate the cost estimate or the performance measurement baseline including updates to the relevant stakeholders
  • Be able to identify and explain what information should be included in a cost estimate or the performance measurement baseline including updates narrative for each category of stakeholder
  • Be able to define what information needs to be included in a cost and resource loaded schedule in order for it to be baselined and explain the process of how

0809PLPC

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-9 Conducting A Cost Risk Analysis
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Is able to identify and explain how risks can be identified, quantified and how this information be incorporated into the cost estimate, cost budget and CPM schedule
  • Be able to explain the difference between risk and uncertainty and how both can be incorporated into duration calculations
  • Be able to explain how Monte Carlo simulations works and be able to read and understand the outputs from a Monte Carlo simulation
  • Be able to explain the difference between risk and

0809PLFA

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-9 Conducting A Cost Risk Analysis
Level
Professional (Practitioner / Project Manager)
Discipline
Forensic Analysis
  • Is able to identify and explain how risks can be identified, quantified and how this information be incorporated into the cost estimate, cost budget and CPM schedule
  • Be able to explain the difference between risk and uncertainty and how both can be incorporated into duration calculations
  • Be able to explain how Monte Carlo simulations works and be able to read and understand the outputs from a Monte Carlo simulation
  • Be able to explain the difference between risk and

0809PLCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-9 Conducting A Cost Risk Analysis
Level
Professional (Practitioner / Project Manager)
Discipline
Cost Management
  • Is able to identify and explain how risks can be identified, quantified and how this information be incorporated into the cost estimate, cost budget and CPM schedule
  • Be able to explain the difference between risk and uncertainty and how both can be incorporated into duration calculations
  • Be able to explain how Monte Carlo simulations works and be able to read and understand the outputs from a Monte Carlo simulation
  • Be able to explain the difference between risk and

0809PLPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-9 Conducting A Cost Risk Analysis
Level
Professional (Practitioner / Project Manager)
Discipline
Planning & Scheduling
  • Is able to identify and explain how risks can be identified, quantified and how this information be incorporated into the cost estimate, cost budget and CPM schedule
  • Be able to explain the difference between risk and uncertainty and how both can be incorporated into duration calculations
  • Be able to explain how Monte Carlo simulations works and be able to read and understand the outputs from a Monte Carlo simulation
  • Be able to explain the difference between risk and uncertainty and how both can be incorporated into a project plan through choosing the appropr

0808PLPC

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-8 Validating Horizontal And Vertical Integration
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Can identify and explain the various types of interfaces that can and do exist between work packages and activities to ensure that we have horizontal traceability in terms of cost in terms of cost
  • Can identify and explain the various tools/techniques that we can use between work packages and activities to ensure that we have vertical traceability and that our schedules can "roll up" or "roll down" without losing activities or work packages
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