Scope, Time, and Cost Management

Course StartSelf-paced
Course Duration6 weeks
Workload3-5 hours per week
Credit OfferedCertificate Available
TuitionSubscription

Learn to create a scope statement, build a Work Breakdown Structure (WBS), prepare a cost estimate, build a project budget, create a basic scheduling network and critical path along with basic project controls and progress measurement.

Course Description

Part of the Engineering Project Management Specialization.

Scope, time, and cost management are at the heart of successful project management. This course will give you the tools to develop a project scope, schedule and budget and then status them to predict project performance. Throughout the course, you will learn about change management and techniques to implement it.

By the end of this course you will be able to:

Create a requirements document
Create a Project Scope Statement
Identify ways to control the scope of the project
Decompose the work and develop work packages
Create a Work Breakdown Structure
Develop a Critical Path Schedule
Review types of cost estimates and identify whether they are “top down or bottom up”
Review budgets, contingencies and reserves
Calculate planned and earned values to compare with actual cost
Perform a cost and schedule analysis

Course Trailer

Each week you will prepare a key deliverable for the project plan based on a provided Case Study. These deliverables include:

Project Scope Statement
Project Work Breakdown Structure (WBS) and WBS dictionary
Critical Path schedule sequence diagram
Bar Chart Schedule (Gantt Chart)
Project Cost Estimate
Project Status using an Earned Value Calculation

All of this will position you to set up a plan to control your next assignment or your next project whether this is as the project manager or as an area leader.

Rice Center for Engineering Leadership is a Registered Education Provider through the Project Management Institute (PMI)®. Learners who complete this course on the Certificate track will be awarded 14 hours of Profession Development Units. These are recognized by PMI for continuing education or can be applied toward the 35 hours of education required for the Project Management Professional (PMP)® certification.

PMI and PMP are registered marks of the Project Management Institute, Inc.

Lecture Samples

Contact

Any questions? Please e-mail RiceOnline@rice.edu.

Professor Information

Tom Phalen

Tom Phalen joined RCEL in July, 2015 after a 38 year career with Fluor, a Fortune 100 Engineering and Construction Company. He brings proven leadership and management skills to the Center, having led large multi-cultural and multi-discipline teams in executing projects. During his career at Fluor, he held a variety of positions including process engineer, […]

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Kazimir Karwowski

Kaz Karwowski joined the Rice Center for Engineering Leadership (RCEL) as Executive Director in July 2013 after four years with the Bernard M. Gordon-MIT Engineering Leadership Program (GEL) and three years with MIT’s Army ROTC Program. Prior to joining GEL, Kaz served in the U.S. Army Infantry Branch for 20 years and retired in 2009. […]

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