PM 101: Workshop 5 - Resource and Cost Management

Location: In-Person | SBUS 140

Date: Feb 15

Time: 1pm – 3pm

Facilitator:   Supreet Bains-Sharma - Adjunct, Management

Now we have addressed the question of what, who, and when, the next major domain is “how much”. This workshop focuses on two highly related domains: resources and cost.  All projects require resources, whether they are people, materials, equipment, and others like intellectual properties. Naturally, these resources are often not free, and they require financial support from project sponsors and owners. These two domains are becoming more important in contemporary businesses as competition demands effective and efficient use of resources. We will also briefly introduce an important method of managing time and cost in project management, the Earned Value Management (EVM).

As a part of the workshop, we are planning two activities:

1.   Estimate the resources and budget required for a sample project

2.   Simulate a real-world case of project cost using earned value management.

Project Management 101 Learning Series Schedule