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. All 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)
Credits
3.0
Cost
$786.41 - $796.81 See individual course offerings below for actual costs.
Winter 2021
Below are three offerings of this course for the Winter 2021 term.
CRN 82141
Duration
Mon Jan 04 - Mon Mar 29 12 Weeks
Class Meeting Times
| Dates | Days | Times | Locations |
| Jan 04 - Mar 29 | Mon | 18:30 - 21:30 |
Online Delivery See Notes below |
Instructor
Michael Lachocki
Course Outline
Cost
$796.81
Notes
- No class on Monday, Feb 15 This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Status
This course offering is in progress. Please check back next term or subscribe to receive email updates.
In Progress
CRN 83190
Duration
Mon Jan 04 - Mon Mar 29 12 Weeks
Class Meeting Times
| Dates | Days | Times | Locations |
| Jan 04 - Mar 29 |
Online Delivery See Notes below |
Instructor
Michael Lachocki
Course Outline
Cost
$786.41
Notes
- Internet delivery format.
- No class on February 15th Please note that the lecture component for this course is asynchronous, not requiring you to meet each and every week at a specific time, however, there will be specific timelines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Status
This course offering is in progress. Please check back next term or subscribe to receive email updates.
In Progress
CRN 85344
Duration
Mon Jan 04 - Mon Mar 29 12 Weeks
Class Meeting Times
| Dates | Days | Times | Locations |
| Jan 04 - Mar 29 | Mon | 18:30 - 21:30 |
Online Delivery See Notes below |
Instructor
Hylton Ferreira
Course Outline
Cost
$786.81
Notes
- This is not a self-paced course. You will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. No class on Monday, Feb 15.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Status
This course offering is in progress. Please check back next term or subscribe to receive email updates.
In Progress
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
- 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.
Winter 2021
Books for Winter 2021 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 | |
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