Project Time and Cost Management

Time and cost represent two-thirds of a project’s triple
constraint. Building a time schedule to meet the project
plan is a group technique that requires the project manager’s
leadership skills and attention to the big picture as well
as the details. In addition, financial viability is a priority
concern of stakeholders examining a project, so Project Cost
Management is primarily concerned with the cost of labor
and material resources needed to complete the project work.

At the end of this class, you will be able to:
• Create network diagrams relating project activities
• Identify the critical path for the project and how to reduce it
• Distinguish between static (waterfall) and dynamic
(agile) scheduling
• Implement cost estimating techniques to develop an estimate
• Use Earned Value Management (EVM) method to
measure project performance, forecast remaining work on the project.