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APM Project Management Qualification 2024

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  1. Introduction
  2. Life cycles
  3. Governance arrangements
  4. Sustainability
  5. Business case
  6. Procurement
  7. Reviews
  8. Assurance
  9. Transition management
  10. Benefits management
  11. Stakeholder and communication management
  12. Conflict resolution
  13. Leadership
  14. Team management
  15. Diversity and inclusion
  16. Ethics, compliance and professionalism
  17. Requirements management
  18. Solutions development
  19. Quality management
  20. Integrated planning
  21. Schedule management
  22. Resource management
  23. Budgeting and cost control
  24. Risk and issue management
  25. Change control
  26. Exam preparation

In this topic we discuss

Understand budgeting and cost control as the ability to estimate costs, develop and agree budgets and monitor actual costs against forecast costs.

Learning outcomes

  1. Know how to create a budget (including the use of a cost breakdown structure) and the different costs included in a budget (fixed, variable, direct, indirect etc.).
  2. Know how to forecast and refine budgets using cost control techniques e.g. earned value.
  3. Know how to monitor and report financial performance (including different types of financial reports).
  4. Know how to close down finances at the end of a project.