Estimating Percent Complete and Using Contingency
Managing Project Budgets (Webinar 4)
To determine if a project is on budget, the Project Manager must know how much work/product was completed. One of the most useful measurements is the per cent of work/product complete. This is not so hard to determine in manufacturing or construction; more difficult for knowledge work like design, studies, management, systems development, etc.
Join us for this 1 hour in depth presentation to see the outcomes of the Earned Value Management Practical Exercise and learn how to compute per cent complete of activities that are difficult to measure directly. Only by knowing how much of the project is complete can the Project Manager really tell if a project is on budget or not.
In this webinar participants learn about:
- Alternative ways of computing per cent complete
- When to apply alternative ways of computing per cent complete
- Some common pitfalls in computing per cent complete
- The purpose of budget contingency and when to use it
EARN 1 PDU after viewing this webinar.
This webinar aligns to the PMI Talent Triangle – Technical.
Solutions Cube Group’s webinars are presented by experienced staff members and partners who have over 30 years of experience managing projects and developing and running facilitated project meetings and delivering project management training courses.
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