British Columbia Institute of Technologywww.bcit.ca/study/courses/opmt2505

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BCIT

OPMT 2505 - Project Resourcing and Cost Management

Operations Management Part-time Studies Course

School of Business + Media

To support you and your education, BCIT is adapting applied learning in formats appropriate to the unfolding global situation. Spring and Summer PTS classes are being delivered in an online format unless you are notified otherwise.

Course Details

The ability to have project costs come in under, or close to, the approved budget is one of the goals of all project managers. This course will cover the tools and techniques required to translate project objectives and scope into units of cost that can be used to create a budget. All aspects of project cost management will be addressed, including: planning, estimating, budgeting, financing, funding, managing, and controlling costs. Methodologies for the procurement of products/services outside of areas specific to the project team and contract management will also be examined as these relate to project costs. This will include monitoring contract fulfillment and managing change process controls.

Prerequisite(s)

OPMT 1187

Credits

3.0

Cost

$786.81 - $796.81 See individual course offerings below for actual costs.

Fall 2020

Below are three offerings of this course for the Fall 2020 term.

CRN 43415

Mon Sep 14 - Mon Dec 07 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 14 - Dec 07 Online Online Delivery

Instructor

Michael Lachocki

Course Outline

Cost

$796.81

Notes

  1. Internet delivery format.
  2. No class on October 12

1 seat remaining as of Aug 10, 2020 3:35 pm (PDT). Availability may change at any time.

CRN 44885

Fri Sep 11 - Fri Nov 27 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 11 - Nov 27 Fri 17:30 - 20:30 DTC Online Delivery

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$786.81

This course offering has been cancelled. Please check this page for other currently available offerings or subscribe to receive email updates.

Cancelled

CRN 42215

Mon Sep 14 - Mon Dec 07 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 14 - Dec 07 Mon 18:30 - 21:30 BBY Online Delivery

Instructor

Michael Lachocki

Course Outline

Cost

$796.81

Notes

  1. No class on Oct 12

This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.

Full

Learning Outcomes

Upon successful completion of the course, the student will be able to:

  • Build a project cost management plan based on information from a project management plan.
  • Determine summary budget and approval requirements based on a given project charter.
  • Describe the enterprise environmental factors that affect the costing of a project.
  • Plan the cost management processes of a project, including policies, procedures, and documentation necessary for planning, managing, expending, and controlling costs.
  • Estimate project costs using various methodologies, such as parametric estimating, bottoms-up estimating, and three-point estimating.
  • Explain why a project reserve (contingency fund) is needed.
  • Build a project budget.
  • Evaluate and propose improvements to cost performance using appropriate measurement methodologies, including earned value management.
  • Develop a project procurement plan, including supplier selection criteria and methods, contract awarding, and contract management.
  • Differentiate between various methods of awarding contracts and select the appropriate method.
  • Assess contract performance and propose necessary actions for improvement.
  • Describe the necessary actions to close a contract.

Effective as of Winter 2014

Related Programs

OPMT 2505 is offered as a part of the following programs:

School of Business + Media

  1. Project Management
    Part-time   Associate Certificate

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Fall 2020

Books for Fall 2020 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Distance & Online Learning Bookstore

If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.

Intro To Project Mgmt, 6Th Ed. W.Brief Guide To Ms Project 2016
Author Schwalbe
Copyright 2017
Binding Paperback
ISBN 978-1-54470-189-9
Price $113.95
Required

Guide To Pmbok (6Th Edition)
Author Pmi
Copyright 2017
Binding Paperback
ISBN 978-1-62825-184-5
Price $94.95
Optional

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

Intro To Project Mgmt, 6Th Ed. W.Brief Guide To Ms Project 2016
Author Schwalbe
Copyright 2017
Binding Paperback
ISBN 978-1-54470-189-9
Price $113.95
Required

Guide To Pmbok (6Th Edition)
Author Pmi
Copyright 2017
Binding Paperback
ISBN 978-1-62825-184-5
Price $94.95
Optional

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