Browse PMP Mock Exams & Guide
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- 5.1 Stewardship and Ethical Conduct
- 5.2 Collaboration and Stakeholder Engagement
- 5.3 Leadership Behaviors
- 5.4 Value Focus and Outcomes
- 5.5 Systems Thinking and Complexity
- 5.6 Tailoring and Adaptation
- 5.7 Quality and Continuous Improvement
- 5.8 Optimizing Risk Responses
- 5.9 Embracing Adaptability and Resilience
- 5.10 Enabling Organizational Change
- 5.11 Fostering Team Environments
- 5.12 Effective Communication and Stakeholder Alignment
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Chapter 19: Cost Management
In this section
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Cost Estimation Techniques and Budgeting
Explore essential cost estimation methods, including ratio, parametric, and three-point techniques, and learn how to effectively develop a rational project budget.
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Earned Value Analysis and Forecasting
Explore the intricacies of Earned Value Management (EVM) formulas such as CPI, SPI, ETC, and EAC to gauge and forecast project cost performance. Learn best practices, real-world examples, and common pitfalls to ensure meaningful financial insights for project success.
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Controlling Costs and Managing Reserves
Learn how to maintain financial control, re-baseline budgets, and optimize contingency and management reserves to effectively manage project costs.
