Project Management Professional (PMP)® | Estimate Costs

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Project Management Professional (PMP)® | Estimate Costs | Project Cost Management

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Күн бұрын

Estimate Costs process is all about estimating the costs of project activities. It gives an approximation of the monetary resources needed to complete the project.
Watch the complete video to see how it determines the cost of activities to complete the project.
This video is based on PMBOK® Guide Fifth Edition. We have complete PMBOK® program, for more details please visit: www.izenbridge...
For any PMP® exam-related concept discussion, you can participate in iZenBridge forum: forum.iZenBridge.com
The Project Management Professional (PMP), PMBOK, The Agile Certified Practitioner (PMI-ACP), and The Professional in Business Analysis (PMI-PBA) is a registered mark of the Project Management Institute, Inc.
PMBOK is a registered mark of the Project Management Institute, Inc.
Materials in this video are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) - Sixth Edition, Project Management Institute Inc., 2017.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
#PMP #iZenBridge #ProjectManagement

Пікірлер: 64

@sonisoni56 4 жыл бұрын

I missed few second and then I had to go back and listen again, every bit of explanations ae so precise and accurately described.

@izenbridge 4 жыл бұрын

Happy to know that you liked the video, keep an eye on upcoming videos. We publish them from time to time!!

@rakeshrajappan_CreativeBrain 2 жыл бұрын

Awesome content with lots of information for cost estimation. Thanks for the content creator.

@izenbridge 2 жыл бұрын

Glad it was helpful!

@maniprasad42 Жыл бұрын

Saket your every content was really un measurable .Tq a lot

@izenbridge Жыл бұрын

Thank you

@Agile4free 2 жыл бұрын

Real value in investing time watching your videos is conceptual learning!Thanks for making my life easy.

@izenbridge 2 жыл бұрын

Glad you like them!

@imdeepsharma 5 жыл бұрын

Owe you big time. Yesterday, 1st attempt and PMP done. Thanks

@izenbridge 5 жыл бұрын

Hi Deepak, thank you for exploring our content and a BIG CONGRATULATIONS on clearing the PMP certification examination successfully. You can explore our other Online & Physical classroom training on our website: www.izenbridge.com/ You can also check the list of training/Events here: www.izenbridge.com/events/

@meorthejob 4 жыл бұрын

Wow - you are really an excellent instructor. Thanks so much for making this available for free.

@izenbridge 4 жыл бұрын

Glad it was helpful! To know more complete PMP program, please visit - www.izenbridge.com/pmp/online-course/

@evelynwilson9245 3 жыл бұрын

I just for all business owners for making estimates expense for projects you can try any software that provides you to give this features and you can easily understand that how much budget you require in the project.

@imranzada937 4 жыл бұрын

I must recommend PMP aspirants to watch your videos..

@izenbridge 4 жыл бұрын

Thanks Ehsan and happy to know that you are getting value from these videos.

@vikasshukla8364 5 жыл бұрын

Detailed explanation ! Hats of to you sir ...

@izenbridge 5 жыл бұрын

Thank you Vikas for liking this video, this was based on PMBOK Guide fifth edition. The core concepts remain the same, in case you wish to explore we have complete PMP program based on PMBOK guide sixth edition: www.izenbridge.com/pmp/online-course/

@dagistaa7469 Жыл бұрын

OMG what a nice explanation good job its so helpful ..... am from ETHIOPIA

@izenbridge Жыл бұрын

Great to know you liked it.

@mathumala 5 жыл бұрын

Sir..I am a big fan of your videos. Its helping me a lot to understand the concepts clearly and easily. Thanks for it and keep going.

@izenbridge 5 жыл бұрын

Thank you!! Mathumala for exploring and liking our content. Good to know that it is helping you in your preparation. In Continuation to it, you can explore our video on Funding Limit Reconciliation & S-Curve kzfaq.info/get/bejne/prZ0nriEkrvapqs.html

@bhanuthakur29 2 жыл бұрын

Your gesture and posture is to good

@kamranhassan9213 6 жыл бұрын

what a beautiful explanation.............sir keep it up. thanks for sharing.

@izenbridge 6 жыл бұрын

Hi Kamran, Thanks for exploring our content. You can explore our complete content of PMP (Project Management Professional) Based on PMBOK6 here: www.izenbridge.com/pmp/online-course/

@bharathwajmohan6131 3 жыл бұрын

This video is very helpful. Much better to understand than the traditional PPTs based videos. Are there similar videos for all the process groups in KZfaq?

@izenbridge 3 жыл бұрын

Yes we have many videos available freely on KZfaq, you can serach them. You can also explore complete PMP program here - www.izenbridge.com/pmp/online-course/ It is complete and comes with an end to end support. It has all videos to pass the PMP exam.

@bharathwajmohan6131 3 жыл бұрын

@@izenbridge Can I have the contact details to explore this further?

@sarah-fu6hw 3 жыл бұрын

thank you so much sir the best explanation ever

@izenbridge 3 жыл бұрын

Thanks and welcome, we do have online PMP Program you may want to check : www.izenbridge.com/pmp/online-course/

@penionisoroverenakadavu4753 5 жыл бұрын

Thank you so much for your video. Very detail and is exactly what I am looking for. God bless you man.

@izenbridge 5 жыл бұрын

Thank you!! Ben for exploring and liking our content. In continuation, you can explore our video on "Funding Limit Reconciliation & S-Curve " (as per PMBOK Guide Sixth edition) kzfaq.info/get/bejne/prZ0nriEkrvapqs.html

$@08fractal$

@08fractal 3 жыл бұрын

Excellent video... thanks a lot for share

@izenbridge 3 жыл бұрын

Glad it was helpful! To know more iZenBridge PMP program, please visit - www.izenbridge.com/pmp/online-course/ It is complete and comes with an end to end support

@vishalmittal9641 3 жыл бұрын

Great video with excellent teaching

@izenbridge 3 жыл бұрын

Glad it was helpful! Keep exploring. To know more iZenBridge PMP program, please visit - www.izenbridge.com/pmp/online-course/ It is complete and comes with an end to end support.

@joshmatare6997 5 жыл бұрын

thank you....that was really clear and straight forward.

@sab5125 3 жыл бұрын

Brilliant session !!

@izenbridge 3 жыл бұрын

Thank for watching our videos, these are our old videos on PMP now we have complete program on PMP in case you wish to explore : www.izenbridge.com/pmp/online-course/

@lannguyenthi2423 Жыл бұрын

Hay quá

@GalaxyCookies76 3 жыл бұрын

Superb explaination

@izenbridge 3 жыл бұрын

Thank you.

@meenakshisharma515 5 жыл бұрын

Hello Sir 1 ask the difference which you have explained for Analogous and Parametric is totally different. Analogous you told it to watch the cost of the current project with previous project with same nature whereas in PMBOK this has been explained in Parametric. Please help us in explaining this once again.

@izenbridge 5 жыл бұрын

Hi Meenakshi, Thanks for exploring our video. Please refer PMBOK 7.2.2.2 Analogous estimating - Analogous cost estimating uses values, or attributes, of a previous project that are similar to the current project. In the PMBOK, It is explained in analogous only not in parametric. You can post your suject related queries in our Exclusive Discussion Forum-> forum.izenbridge.com

@syedh7843 4 жыл бұрын

Thank you for your easy to understand videos ! I wanted to clarify, is the cost baseline obtained by adding all the cost estimates for the project ? Also is the project budget actually the cost baseline ?

@izenbridge 4 жыл бұрын

Thanks, Syed, for your kind words!! The cost baseline includes the cost of all activities and contingency reserves. The budget includes this cost baseline plus management reserves.

@sanjayapaudel7468 4 жыл бұрын

good one thanks

@izenbridge 4 жыл бұрын

Nice to see that you liked video, keep exploring iZenBridge KZfaq Channel.

@bilqis1317 5 жыл бұрын

You're amazing!

@izenbridge 5 жыл бұрын

Thank you!! Bilquis, for exploring and appreciating our content. In continuation, you can also explore our video on yet another interesting topic - Difference between Total Float & Free Float kzfaq.info/get/bejne/pJyJfLueuqvTiXU.html

@mayankmishra03 6 жыл бұрын

whats the difference between Activities and WBS tasks that you define at Scope level?

@SaketBansal 6 жыл бұрын

we have old video which might help : kzfaq.info/get/bejne/p8xilciktbqWYqs.html , i recommend you check our detailed program on PMP here : www.izenbridge.com/pmp/online

@veeraragavan6981 4 жыл бұрын

What is mode of contact in case of any query

@izenbridge 4 жыл бұрын

Hi Veera, you can write to sales@izenbridge.com in case of any question.

@ngocthuypham5564 5 жыл бұрын

Well, where may i get the sample of cost management plan

@izenbridge 5 жыл бұрын

Thank you!! Ngoc, for exploring our content. Please drop an email to sales@izenbridge.com, we will share the templates related to Cost Management.

@nileshat11 4 жыл бұрын

Great explaination by Saket but overall PMP itself is too theoretical ......

@izenbridge 4 жыл бұрын

Happy to know that you liked video, to know more about Saket training programs, please visit - www.izenbridge.com/landing/youtube/Saket-Bansal/

@siddeshrautu6116 4 жыл бұрын

What are the types of cost estimates

@siddeshrautu6116 4 жыл бұрын

Or what are method and types of cost estimates of project as we have this two points in syallabus

@izenbridge 4 жыл бұрын

@@siddeshrautu6116 This questions is related to the PMBOK process 7.2 - Estimate Cost. To estimate cost you can use different tools like Expert Judgement, Analogous Estimating, Parametric estimating, Bottom-up Estimating, and you can also take votes. Please refer Page Number 240 of PMBOK(R) Guide.