Unit 1: Introduction to Project Management
This course will help early-career project managers gain awareness of how accurate cost information is critical to the success of the company through an understanding of different types of estimates, the link between design, estimating and project costs, and the importance of documentation and formatting.
Following successful completion of Unit 1, participants will have the ability to:
- Identify the importance of an estimate
- Explain the different types of estimates
- Identify the importance of good documentation and consistent formatting
- Discuss how accurate cost information is critical to the success of the company
- Explain the link between design, estimating, and project costs
- Describe how equipment costs are developed and integrated into the estimate
- Describe how work by others is included in the estimate
- Discuss how general costs and overhead not assignable to a specific task are included in the estimate