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OPMT 2505 - Project Resourcing and Cost Management

Operations Management Part-time Studies Course

School of Business

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

$770.79 - $777.93 See individual course offerings below for actual costs.

Winter 2019

Below are three offerings of this course for the Winter 2019 term.

CRN 82141

Mon Jan 07 - Mon Apr 01 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 07 18:30 - 21:30 BBY SW01
Jan 14 - Apr 01 Mon 18:30 - 21:30 BBY NE01

Instructor

Michael Lachocki

Course Outline

Cost

$777.93

Notes

  1. No class on February 18

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

In Progress

CRN 83190

Mon Jan 07 - Mon Mar 25 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 07 - Mar 25 Online

Instructor

Michael Lachocki

Course Outline

Cost

$770.97

Notes

  1. Internet delivery format.

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

In Progress

CRN 85344

Mon Jan 07 - Mon Apr 01 12 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 07 - Apr 01 Mon 18:30 - 21:30 DTC Rm. 689

Instructor

Mehran Jamshidi

Course Outline

Cost

$770.79

Notes

  1. No class on Monday, February 18th

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

In Progress

Spring/Summer 2019

Below are three offerings of this course for the Spring/Summer 2019 term.

CRN 62480

Mon Apr 08 - Mon Jul 15 12 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 08 - Jul 15 Mon 18:30 - 21:30 BBY SE06 Rm. 209

Instructor

Michael Lachocki

Course Outline

Cost

$777.93

Notes

  1. No class Apr 22, May 20 and July 1st

CRN 64188

Mon Apr 08 - Mon Jun 24 12 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 08 - Jun 24 Online

Instructor

Michael Lachocki

Course Outline

Cost

$777.93

Notes

  1. Internet delivery format.

CRN 65270

Mon Apr 08 - Mon Jul 15 12 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 08 - Jul 15 Mon 18:00 - 21:00 DTC Rm. 460

Instructor

Mehran Jamshidi

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$770.79

Notes

  1. No class on Apr 22, May 20 or July 1

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

  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.

Winter 2019

Books for Winter 2019 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.

Image not available
Guide To Pmbok (6Th Edition)
Author Pmi
Copyright 2017
Binding Paperback
ISBN 978-1-62825-184-5
Price $94.95
Required

Image not available
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 $109.95
Required

Spring/Summer 2019

No information on books is currently available for Spring/Summer 2019 offerings of this course.

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