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Managing Project Costs, Quality, and Resources

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Managing Project Costs, Quality, and Resources

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Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

4 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

4 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Apply cost estimation, budgeting, and Earned Value Management techniques to monitor project performance and control financial outcomes.

  • Identify, analyze, and mitigate project risks while managing procurement, contracts, and project communication effectively.

  • Plan project resources, build high-performing teams, and resolve conflicts using proven team development methods.

  • Identify and mitigate project risks while managing procurement, contracts, and communication processes.

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Recently updated!

April 2026

Assessments

8 assignments

Taught in English

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This course is part of the PMP® Exam Mastery – Complete Project Management Path Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
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There are 6 modules in this course

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A smarter way to learn with interactive, real-time conversations that help you test your knowledge, challenge assumptions, and deepen your understanding as you progress through the course. Effective project management requires balancing budgets, maintaining quality standards, managing teams, and mitigating risks while ensuring clear communication across stakeholders. In this course, you will develop practical skills to manage project costs, control quality processes, allocate resources efficiently, and oversee risk and procurement strategies. Through real-world concepts aligned with PMP frameworks, you will gain the tools needed to monitor project performance, analyze financial metrics, and ensure successful project outcomes. The course begins by exploring project cost management, where you will learn how to plan cost strategies, estimate project expenses, determine budgets, and apply Earned Value Management techniques to measure project performance. You will also understand variance analysis, forecasting techniques such as Estimate at Completion (EAC), and methods to effectively control project costs throughout the project lifecycle. Next, the course transitions into project quality and resource management. You will learn how to establish quality management frameworks, apply tools such as control charts, Pareto charts, and root-cause analysis, and implement methods to continuously improve project outcomes. Additionally, you will explore resource planning, team development models such as the Tuckman model, conflict management techniques, and strategies for building high-performing project teams. The course also covers communication, risk, and procurement management. You will understand communication planning and stakeholder engagement, identify and analyze project risks using qualitative and quantitative methods, and implement effective risk response strategies. Finally, you will learn procurement processes including contract types, source selection analysis, and vendor management practices. This course is ideal for aspiring project managers, PMP certification candidates, team leaders, and professionals responsible for managing project budgets, teams, risks, and vendor relationships. A basic understanding of project management concepts is recommended, and the course is designed at an intermediate level for learners seeking to strengthen their project execution and control capabilities. By the end of the course, you will be able to plan and control project costs, implement quality management frameworks, allocate and manage project resources effectively, analyze and mitigate risks, and manage procurement and communication processes to successfully deliver complex projects.

In this module, we will explore the essential components of Project Cost Management. You will gain a comprehensive understanding of planning, estimating, budgeting, and controlling project costs. Additionally, we will cover Earned Value Management and how to apply forecasting techniques for effective cost management throughout the project lifecycle.

What's included

37 videos2 readings1 assignment

37 videosTotal 319 minutes
  • Project Cost Management – Introduction10 minutes
  • Plan Cost Management – Introduction8 minutes
  • Plan Cost Management – Inputs11 minutes
  • Plan Cost Management – Tools & Techniques3 minutes
  • Plan Cost Management – Outputs3 minutes
  • Quiz – Plan Cost Management14 minutes
  • Estimate Cost – Introduction9 minutes
  • Estimate Costs – Inputs6 minutes
  • Estimate Costs – Tools & Techniques6 minutes
  • Estimate Costs – Outputs3 minutes
  • Quiz – Estimate Costs14 minutes
  • Determine Budget – Introduction4 minutes
  • Project Budget Components10 minutes
  • Funding Limit Reconciliation3 minutes
  • Determine Budget – Inputs10 minutes
  • Determine Budget – Tools & Techniques4 minutes
  • Determine Budget – Outputs4 minutes
  • Quiz – Determine Budget14 minutes
  • Earned Value Management – Introduction9 minutes
  • Principles of Earned Value Management13 minutes
  • Variance Analysis – Schedule Variance3 minutes
  • Variance Analysis – Cost Variance4 minutes
  • Variance Analysis – Schedule Performance Index4 minutes
  • Variance Analysis – Cost Performance Index4 minutes
  • Forecasting – Variance at Completion (VAC)3 minutes
  • Forecasting – Estimate to Complete (ETC)3 minutes
  • TCPI – BAC Method2 minutes
  • TCPI – EAC Method1 minute
  • Forecasting – Estimate at Completion (EAC)10 minutes
  • Earned Value Analysis – Problems & Solutions26 minutes
  • Quiz – Earned Value Analysis20 minutes
  • Control Costs – Introduction10 minutes
  • Control Costs – Inputs3 minutes
  • Control Costs – Tools & Techniques17 minutes
  • Control Costs – Outputs4 minutes
  • Quiz – Control Costs25 minutes
  • PMP Exam – Project Cost Management27 minutes
2 readingsTotal 20 minutes
  • Introduction to the course 'Managing Project Costs, Quality, and Resources'10 minutes
  • Full Specialization Resources10 minutes
1 assignmentTotal 15 minutes
  • Project Cost Management - Assessment15 minutes

In this module, we will dive into Project Quality Management, focusing on understanding quality concepts and ensuring that project deliverables meet the required standards. You'll learn key data analysis techniques and tools for managing quality and enhancing project results. We also examine various approaches to quality control and continuous improvement.

What's included

43 videos1 assignment

43 videosTotal 315 minutes
  • Project Quality Management – Introduction9 minutes
  • Key Concepts for Quality Management – Quality & Grade7 minutes
  • Key Concepts for Quality Management – Prevention, Attributes & Tolerances8 minutes
  • 5 Levels of Effective Quality Management4 minutes
  • Cost of Quality6 minutes
  • Cost of Conformance4 minutes
  • Cost of Non-Conformance4 minutes
  • Data Representation – SIPOC Model4 minutes
  • Data Representation – Logical Data Model4 minutes
  • Data Representation – Matrix Diagram4 minutes
  • Data Representation – Mind Mapping4 minutes
  • Plan Quality Management9 minutes
  • Plan Quality Management – Inputs6 minutes
  • Plan Quality Management – Tools & Techniques10 minutes
  • Plan Quality Management – Outputs5 minutes
  • Quiz – Plan Quality Management21 minutes
  • Manage Quality11 minutes
  • Data Analysis – Alternatives & Document4 minutes
  • Data Analysis – Root-Cause Approach4 minutes
  • Data Analysis – DMAIC Approach4 minutes
  • Data Representation – Affinity Diagrams4 minutes
  • Data Representation – Flowcharts4 minutes
  • Data Representation – Matrix Diagrams10 minutes
  • Manage Quality – Inputs7 minutes
  • Manage Quality – Tools & Techniques10 minutes
  • Manage Quality – Outputs4 minutes
  • Quiz – Manage Quality22 minutes
  • Control Quality10 minutes
  • Data Gathering Techniques – Checklists4 minutes
  • Data Gathering Techniques – Statistical Sampling4 minutes
  • Data Gathering Techniques – Questionnaires & Surveys4 minutes
  • 7 Basic Quality Tools – Ishikawa Diagram4 minutes
  • 7 Basic Quality Tools – Check Sheet4 minutes
  • 7 Basic Quality Tools – Control Chart4 minutes
  • 7 Basic Quality Tools – Histogram4 minutes
  • 7 Basic Quality Tools – Pareto Chart4 minutes
  • 7 Basic Quality Tools – Scatter Diagram3 minutes
  • 7 Basic Quality Tools – Stratification4 minutes
  • Control Quality – Inputs10 minutes
  • Control Quality – Tools & Techniques8 minutes
  • Control Quality – Outputs3 minutes
  • Quiz – Control Quality22 minutes
  • PMP Exam – Project Quality Management32 minutes
1 assignmentTotal 30 minutes
  • Project Quality Management - Assessment30 minutes

In this module, we will cover the critical aspects of managing project resources, from resource planning and acquisition to team development and conflict management. You will gain skills in creating resource management plans, managing team dynamics, and controlling project resources to ensure the project's success.

What's included

41 videos1 assignment

41 videosTotal 303 minutes
  • Project Resource Management – Introduction8 minutes
  • Key Concepts for Project Resource Management6 minutes
  • Data Representation Techniques – Hierarchical Charts4 minutes
  • Data Representation Techniques – Assignment Matrix4 minutes
  • Data Representation Techniques – Text-Oriented Formats5 minutes
  • Organizational Theories – Introduction4 minutes
  • Organizational Theories – Common Types5 minutes
  • Plan Resource Management – Inputs4 minutes
  • Plan Resource Management – Tools & Techniques7 minutes
  • Plan Resource Management – Outputs6 minutes
  • Resource Management Plan4 minutes
  • Team Charter5 minutes
  • Quiz – Plan Resource Management21 minutes
  • Resource Breakdown Structure5 minutes
  • Estimate Activity Resources – Inputs6 minutes
  • Estimate Activity Resources – Tools & Techniques3 minutes
  • Estimate Activity Resources – Outputs2 minutes
  • Quiz – Estimate Activity Resources19 minutes
  • Decision Making for Acquisition of Resources5 minutes
  • Acquire Resources – Inputs7 minutes
  • Acquire Resources – Tools & Techniques5 minutes
  • Acquire Resources – Outputs4 minutes
  • Quiz – Acquire Resources21 minutes
  • Tuckman Model/Ladder of Team Formation5 minutes
  • Communication Technology5 minutes
  • Interpersonal & Team Skills6 minutes
  • Develop Team – Inputs8 minutes
  • Develop Team – Tools & Techniques8 minutes
  • Develop Team – Outputs4 minutes
  • Quiz – Develop Team20 minutes
  • Conflict Management5 minutes
  • Manage Team – Inputs4 minutes
  • Manage Team – Tools & Techniques7 minutes
  • Manage Team – Outputs3 minutes
  • Quiz – Manage Team15 minutes
  • Problem-Solving Technique5 minutes
  • Control Resources – Inputs6 minutes
  • Control Resources – Tools & Techniques3 minutes
  • Control Resources – Outputs3 minutes
  • Quiz – Control Resources15 minutes
  • PMP Exam – Project Resource Management20 minutes
1 assignmentTotal 15 minutes
  • Project Resource Management - Assessment15 minutes

In this module, we will focus on the vital role of communications in project management. You will learn strategies for managing communications, creating effective communication plans, and utilizing the right technology. Additionally, we will explore methods for monitoring and controlling project communications to keep all stakeholders informed.

What's included

27 videos1 assignment

27 videosTotal 242 minutes
  • Project Communications Management – Introduction8 minutes
  • Forms of Communication6 minutes
  • Dimensions of Communication7 minutes
  • 5Cs of Written Communication8 minutes
  • Communication Skills8 minutes
  • Communication Types6 minutes
  • Communication Methods7 minutes
  • Communication Models7 minutes
  • Communication Requirement Analysis5 minutes
  • Factors Affecting Communication Technology8 minutes
  • Interpersonal & Team Skills for Planning Communications3 minutes
  • Communications Management Plan5 minutes
  • Plan Communications – Inputs9 minutes
  • Plan Communications – Tools & Techniques14 minutes
  • Plan Communications – Outputs3 minutes
  • Quiz – Plan Communications25 minutes
  • Manage Communications – Introduction6 minutes
  • Manage Communications – Inputs7 minutes
  • Manage Communications – Tools & Techniques6 minutes
  • Manage Communications – Outputs3 minutes
  • Quiz – Manage Communications24 minutes
  • Monitor Communications – Introduction6 minutes
  • Monitor Communications – Inputs4 minutes
  • Monitor Communications – Tools & Techniques2 minutes
  • Monitor Communications – Outputs3 minutes
  • Quiz – Monitor Communications24 minutes
  • PMP Exam – Project Communications Management27 minutes
1 assignmentTotal 15 minutes
  • Project Communications Management - Assessment15 minutes

In this module, we will explore the key concepts of risk management and how to identify, assess, and respond to project risks. You will learn both qualitative and quantitative risk analysis techniques and develop risk response strategies to handle potential threats and opportunities effectively.

What's included

73 videos1 assignment

73 videosTotal 500 minutes
  • Project Risk Management – Introduction5 minutes
  • Project Risk Management – Introduction7 minutes
  • Project Risk Management – Terminologies5 minutes
  • Project Risk Management – Terminologies4 minutes
  • Project Risk Management – Terminologies5 minutes
  • What is Risk7 minutes
  • What is Risk Appetite6 minutes
  • What is Probability & Impact6 minutes
  • What is Probability & Impact Matrix6 minutes
  • What is Risk Breakdown Structure7 minutes
  • Risk Management Plan7 minutes
  • Risk Management Plan7 minutes
  • Plan Risk Management – Inputs3 minutes
  • Plan Risk Management – Tools & Techniques2 minutes
  • Plan Risk Management – Outputs5 minutes
  • Quiz – Plan Risk Management20 minutes
  • Identification of Risk in Risk Management Plan8 minutes
  • Project Documents Used for Risk Identification7 minutes
  • Data Gathering when Identifying Risks10 minutes
  • Data Gathering when Identifying Risks8 minutes
  • Data Analysis when Identifying Risks8 minutes
  • Data Analysis when Identifying Risks4 minutes
  • Identify Risks – Inputs8 minutes
  • Identify Risks – Tools & Techniques8 minutes
  • Identify Risks – Outputs4 minutes
  • Quiz – Identify Risks17 minutes
  • Perform Qualitative Risk Analysis – Introduction7 minutes
  • What are Risk Parameters7 minutes
  • Data Representation in Qualitative Risk Analysis8 minutes
  • Perform Qualitative Risk Analysis – Inputs5 minutes
  • Perform Qualitative Risk Analysis – Tools & Techniques10 minutes
  • Perform Qualitative Risk Analysis – Outputs2 minutes
  • Quiz – Perform Qualitative Risk Analysis17 minutes
  • Perform Quantitative Risk Analysis – Introduction7 minutes
  • Representations of Uncertainty8 minutes
  • Data Analysis in Quantitative Risk Analysis6 minutes
  • Data Analysis in Quantitative Risk Analysis4 minutes
  • Data Analysis in Quantitative Risk Analysis4 minutes
  • Data Analysis in Quantitative Risk Analysis5 minutes
  • Perform Quantitative Risk Analysis – Inputs7 minutes
  • Perform Quantitative Risk Analysis – Tools & Techniques8 minutes
  • Perform Quantitative Risk Analysis – Outputs3 minutes
  • Quiz – Perform Quantitative Risk Analysis17 minutes
  • Strategies for Threats6 minutes
  • Strategies for Threats3 minutes
  • Strategies for Threats3 minutes
  • Strategies for Threats3 minutes
  • Strategies for Threats4 minutes
  • Strategies for Opportunities5 minutes
  • Strategies for Opportunities9 minutes
  • Strategies for Opportunities3 minutes
  • Strategies for Opportunities3 minutes
  • Strategies for Opportunities4 minutes
  • Strategies for Overall Project Risk6 minutes
  • Strategies for Overall Project Risk3 minutes
  • Strategies for Overall Project Risk3 minutes
  • Strategies for Overall Project Risk3 minutes
  • Strategies for Overall Project Risk4 minutes
  • Plan Risk Response – Inputs7 minutes
  • Plan Risk Response – Tools & Techniques16 minutes
  • Plan Risk Response – Outputs5 minutes
  • Quiz – Plan Risk Response17 minutes
  • Implement Risk Responses – Introduction7 minutes
  • Implement Risk Responses – Inputs2 minutes
  • Implement Risk Responses – Tools & Techniques1 minute
  • Implement Risk Responses – Outputs2 minutes
  • Quiz – Implement Risk Response17 minutes
  • Monitor Risks – Introduction7 minutes
  • Monitor Risks – Inputs2 minutes
  • Monitor Risks – Tools & Techniques3 minutes
  • Monitor Risks – Outputs3 minutes
  • Quiz – Monitor Risks17 minutes
  • PMP Exam – Project Risk Management26 minutes
1 assignmentTotal 15 minutes
  • Project Risk Management - Assessment15 minutes

In this module, we will cover the essentials of managing procurement within a project. You'll learn about procurement management strategies, vendor selection, and contract management. Additionally, we will examine procurement monitoring and controlling techniques to ensure the successful acquisition of goods and services.

What's included

35 videos1 reading3 assignments

35 videosTotal 380 minutes
  • Project Procurement Management – Introduction9 minutes
  • Project Procurement Management – Key Concepts7 minutes
  • Make or Buy Analysis7 minutes
  • What Are Agreements and Contracts7 minutes
  • How to Perform the Procurements9 minutes
  • What Are Processes of Conducting Procurement9 minutes
  • Roles of the Project & Procurement Managers10 minutes
  • Contract Types – FP & FPEPA7 minutes
  • Understanding Contract Types – FPIF & FPAF8 minutes
  • Contract Types – Cost Reimbursable7 minutes
  • Contract Types – Time & Material10 minutes
  • Risks Associated with Contract Type7 minutes
  • Source Selection Analysis5 minutes
  • Source Selection Analysis5 minutes
  • Source Selection Analysis5 minutes
  • What is a Procurement Management Plan8 minutes
  • Procurement Strategy6 minutes
  • Types of Bid Documents22 minutes
  • Point of Total Assumption – Introduction4 minutes
  • Plan Procurement Management – Introduction18 minutes
  • Plan Procurement Management – Inputs12 minutes
  • Plan Procurement Management – Tools & Techniques6 minutes
  • Plan Procurement Management – Outputs14 minutes
  • Quiz – Plan Procurement Management26 minutes
  • Conduct Procurements – Introduction13 minutes
  • Conduct Procurements – Inputs7 minutes
  • Conduct Procurements – Tools & Techniques3 minutes
  • Conduct Procurements – Outputs6 minutes
  • Quiz – Conduct Procurements26 minutes
  • Control Procurements – Introduction13 minutes
  • Control Procurements – Inputs9 minutes
  • Control Procurements – Tools & Techniques3 minutes
  • Control Procurements – Outputs7 minutes
  • Quiz – Control Procurements26 minutes
  • PMP Exam – Project Procurement Management42 minutes
1 readingTotal 10 minutes
  • Conclusion to the Course 'Managing Project Costs, Quality, and Resources'10 minutes
3 assignmentsTotal 135 minutes
  • Project Procurement Management - Assessment15 minutes
  • Full Course Practice assessment60 minutes
  • Full Course Assessment60 minutes

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Frequently asked questions

Project Cost, Quality, and Resource Management refers to the processes used to plan, estimate, allocate, monitor, and control the financial, quality, and human or physical resources required to complete a project successfully. These areas are essential because they ensure projects stay within budget, meet defined quality standards, and use resources efficiently. Effective management of these elements helps organizations deliver projects that meet stakeholder expectations while minimizing risks and inefficiencies.

This course focuses on the core knowledge areas of project management including project cost management, quality management, resource management, communications management, risk management, and procurement management. It explains key concepts, processes, tools, and techniques aligned with PMP exam standards, such as earned value management, cost estimation, quality control tools, team development models, communication planning, risk analysis methods, and procurement strategies. Through structured lessons and quizzes, learners gain a comprehensive understanding of how these processes work together to ensure successful project delivery.

After completing this course, you will be able to plan and control project costs, manage project quality using established quality tools and frameworks, allocate and manage project resources effectively, and implement strong communication strategies within project teams. You will also be able to identify, analyze, and respond to project risks, as well as manage procurement processes including contracts and vendor selection. These skills will help you manage complex projects more effectively and prepare you for PMP exam topics related to these knowledge areas.

This course is designed for aspiring project managers, professionals preparing for the PMP certification exam, and individuals involved in project planning or execution who want to strengthen their understanding of cost, quality, resources, communication, risk, and procurement management. It is also valuable for team leaders, business analysts, and managers who want to improve their ability to manage complex projects effectively.

The time required to complete the course depends on the learner’s pace and how deeply they engage with the lessons and quizzes. Since the course contains multiple modules covering several project management knowledge areas, most learners typically take several hours to complete all lectures and assessments while reviewing key concepts for PMP exam preparation.

Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.

If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.

Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.

If you complete the course successfully, your electronic Course Certificate will be added to your Accomplishments page - from there, you can print your Course Certificate or add it to your LinkedIn profile.

This course is currently available only to learners who have paid or received financial aid, when available.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Financial aid available,