(WINTER 2010)

A required course in the Certificate Program in Project Management.
No organization has unlimited time, money, or resources. For that reason, cost management can be used to evaluate the benefits and expenses of the project in relation to other potential projects before a selection is made. Learn to evaluate and analyze the financial viability and non-financial issues. Review basic financial terms and concepts that influence project selection decisions and understand all aspects of project planning. Discover how to prepare a cost estimate and budget in addition to considering ways how to monitor and control cost and manage changes to the cost baseline. Prerequisite: Mgmt X442.28, Introduction to Project Management Principles and Practices. If the potential participant has had significant experience managing projects, they may be allowed to waive the prerequisite requirement with the express permission of the instructor. This course is approved for 24 PDUs from PMI.

Dr. Paul Lu, D.B.A., PMP, has over 20 years experience in the aviation industry and is currently a program manager at an Aerospace firm. He has managed commercial, government, and international projects and programs. Lu has lead project teams in research and development (R&D), product development, implementation, new business, and sustaining projects. His project management experiences are in the areas of international project management, contracts and subcontracts, risk and cost management, product development, and R&D. He is a member of the Project Management Institute (PMI), APICS, the Academy of Management (AOM), the Financial Management Association (FMA), and the National Management Association (NMA).