PMP Certification Training - Project Cost Management

The video discusses trends in project cost management, focusing on earned value management (EVM) and its role in assessing project progress. It explains the concept of earn schedule and schedule variance, providing insights into project schedule performance. The video also covers tailoring considerations for managing project costs and explores cost estimation in agile and adaptive environments, highlighting differences from traditional methods.

What is earned value management and how does it help project managers?

Explain the concept of earn schedule and its significance in project management.

How is schedule variance calculated and what does it indicate about a project?

What is the Schedule Performance Index and how is it used in project management?

What are the key considerations for tailoring project management processes?

How does knowledge management contribute to effective project cost management?

Discuss the differences between traditional estimation methods and agile estimation techniques.