Managing Project Costs, Quality, and Resources
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Managing Project Costs, Quality, and Resources
This course is part of PMP® Exam Mastery – Complete Project Management Path Specialization
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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.
Skills you'll gain
- Cost Estimation
- Risk Analysis
- Procurement
- Project Controls
- Product Quality (QA/QC)
- Project Management Life Cycle
- Cost Management
- Risk Management Framework
- Project Risk Management
- Purchasing
- Project Management
- Resource Management
- Project Planning
- Project Estimation
- Quality Management
- Risk Mitigation
- Stakeholder Management
- Risk Management
- Earned Value Management
- Contract Management
Details to know
April 2026
8 assignments
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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 videos•Total 319 minutes
- Project Cost Management – Introduction•10 minutes
- Plan Cost Management – Introduction•8 minutes
- Plan Cost Management – Inputs•11 minutes
- Plan Cost Management – Tools & Techniques•3 minutes
- Plan Cost Management – Outputs•3 minutes
- Quiz – Plan Cost Management•14 minutes
- Estimate Cost – Introduction•9 minutes
- Estimate Costs – Inputs•6 minutes
- Estimate Costs – Tools & Techniques•6 minutes
- Estimate Costs – Outputs•3 minutes
- Quiz – Estimate Costs•14 minutes
- Determine Budget – Introduction•4 minutes
- Project Budget Components•10 minutes
- Funding Limit Reconciliation•3 minutes
- Determine Budget – Inputs•10 minutes
- Determine Budget – Tools & Techniques•4 minutes
- Determine Budget – Outputs•4 minutes
- Quiz – Determine Budget•14 minutes
- Earned Value Management – Introduction•9 minutes
- Principles of Earned Value Management•13 minutes
- Variance Analysis – Schedule Variance•3 minutes
- Variance Analysis – Cost Variance•4 minutes
- Variance Analysis – Schedule Performance Index•4 minutes
- Variance Analysis – Cost Performance Index•4 minutes
- Forecasting – Variance at Completion (VAC)•3 minutes
- Forecasting – Estimate to Complete (ETC)•3 minutes
- TCPI – BAC Method•2 minutes
- TCPI – EAC Method•1 minute
- Forecasting – Estimate at Completion (EAC)•10 minutes
- Earned Value Analysis – Problems & Solutions•26 minutes
- Quiz – Earned Value Analysis•20 minutes
- Control Costs – Introduction•10 minutes
- Control Costs – Inputs•3 minutes
- Control Costs – Tools & Techniques•17 minutes
- Control Costs – Outputs•4 minutes
- Quiz – Control Costs•25 minutes
- PMP Exam – Project Cost Management•27 minutes
2 readings•Total 20 minutes
- Introduction to the course 'Managing Project Costs, Quality, and Resources'•10 minutes
- Full Specialization Resources•10 minutes
1 assignment•Total 15 minutes
- Project Cost Management - Assessment•15 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 videos•Total 315 minutes
- Project Quality Management – Introduction•9 minutes
- Key Concepts for Quality Management – Quality & Grade•7 minutes
- Key Concepts for Quality Management – Prevention, Attributes & Tolerances•8 minutes
- 5 Levels of Effective Quality Management•4 minutes
- Cost of Quality•6 minutes
- Cost of Conformance•4 minutes
- Cost of Non-Conformance•4 minutes
- Data Representation – SIPOC Model•4 minutes
- Data Representation – Logical Data Model•4 minutes
- Data Representation – Matrix Diagram•4 minutes
- Data Representation – Mind Mapping•4 minutes
- Plan Quality Management•9 minutes
- Plan Quality Management – Inputs•6 minutes
- Plan Quality Management – Tools & Techniques•10 minutes
- Plan Quality Management – Outputs•5 minutes
- Quiz – Plan Quality Management•21 minutes
- Manage Quality•11 minutes
- Data Analysis – Alternatives & Document•4 minutes
- Data Analysis – Root-Cause Approach•4 minutes
- Data Analysis – DMAIC Approach•4 minutes
- Data Representation – Affinity Diagrams•4 minutes
- Data Representation – Flowcharts•4 minutes
- Data Representation – Matrix Diagrams•10 minutes
- Manage Quality – Inputs•7 minutes
- Manage Quality – Tools & Techniques•10 minutes
- Manage Quality – Outputs•4 minutes
- Quiz – Manage Quality•22 minutes
- Control Quality•10 minutes
- Data Gathering Techniques – Checklists•4 minutes
- Data Gathering Techniques – Statistical Sampling•4 minutes
- Data Gathering Techniques – Questionnaires & Surveys•4 minutes
- 7 Basic Quality Tools – Ishikawa Diagram•4 minutes
- 7 Basic Quality Tools – Check Sheet•4 minutes
- 7 Basic Quality Tools – Control Chart•4 minutes
- 7 Basic Quality Tools – Histogram•4 minutes
- 7 Basic Quality Tools – Pareto Chart•4 minutes
- 7 Basic Quality Tools – Scatter Diagram•3 minutes
- 7 Basic Quality Tools – Stratification•4 minutes
- Control Quality – Inputs•10 minutes
- Control Quality – Tools & Techniques•8 minutes
- Control Quality – Outputs•3 minutes
- Quiz – Control Quality•22 minutes
- PMP Exam – Project Quality Management•32 minutes
1 assignment•Total 30 minutes
- Project Quality Management - Assessment•30 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 videos•Total 303 minutes
- Project Resource Management – Introduction•8 minutes
- Key Concepts for Project Resource Management•6 minutes
- Data Representation Techniques – Hierarchical Charts•4 minutes
- Data Representation Techniques – Assignment Matrix•4 minutes
- Data Representation Techniques – Text-Oriented Formats•5 minutes
- Organizational Theories – Introduction•4 minutes
- Organizational Theories – Common Types•5 minutes
- Plan Resource Management – Inputs•4 minutes
- Plan Resource Management – Tools & Techniques•7 minutes
- Plan Resource Management – Outputs•6 minutes
- Resource Management Plan•4 minutes
- Team Charter•5 minutes
- Quiz – Plan Resource Management•21 minutes
- Resource Breakdown Structure•5 minutes
- Estimate Activity Resources – Inputs•6 minutes
- Estimate Activity Resources – Tools & Techniques•3 minutes
- Estimate Activity Resources – Outputs•2 minutes
- Quiz – Estimate Activity Resources•19 minutes
- Decision Making for Acquisition of Resources•5 minutes
- Acquire Resources – Inputs•7 minutes
- Acquire Resources – Tools & Techniques•5 minutes
- Acquire Resources – Outputs•4 minutes
- Quiz – Acquire Resources•21 minutes
- Tuckman Model/Ladder of Team Formation•5 minutes
- Communication Technology•5 minutes
- Interpersonal & Team Skills•6 minutes
- Develop Team – Inputs•8 minutes
- Develop Team – Tools & Techniques•8 minutes
- Develop Team – Outputs•4 minutes
- Quiz – Develop Team•20 minutes
- Conflict Management•5 minutes
- Manage Team – Inputs•4 minutes
- Manage Team – Tools & Techniques•7 minutes
- Manage Team – Outputs•3 minutes
- Quiz – Manage Team•15 minutes
- Problem-Solving Technique•5 minutes
- Control Resources – Inputs•6 minutes
- Control Resources – Tools & Techniques•3 minutes
- Control Resources – Outputs•3 minutes
- Quiz – Control Resources•15 minutes
- PMP Exam – Project Resource Management•20 minutes
1 assignment•Total 15 minutes
- Project Resource Management - Assessment•15 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 videos•Total 242 minutes
- Project Communications Management – Introduction•8 minutes
- Forms of Communication•6 minutes
- Dimensions of Communication•7 minutes
- 5Cs of Written Communication•8 minutes
- Communication Skills•8 minutes
- Communication Types•6 minutes
- Communication Methods•7 minutes
- Communication Models•7 minutes
- Communication Requirement Analysis•5 minutes
- Factors Affecting Communication Technology•8 minutes
- Interpersonal & Team Skills for Planning Communications•3 minutes
- Communications Management Plan•5 minutes
- Plan Communications – Inputs•9 minutes
- Plan Communications – Tools & Techniques•14 minutes
- Plan Communications – Outputs•3 minutes
- Quiz – Plan Communications•25 minutes
- Manage Communications – Introduction•6 minutes
- Manage Communications – Inputs•7 minutes
- Manage Communications – Tools & Techniques•6 minutes
- Manage Communications – Outputs•3 minutes
- Quiz – Manage Communications•24 minutes
- Monitor Communications – Introduction•6 minutes
- Monitor Communications – Inputs•4 minutes
- Monitor Communications – Tools & Techniques•2 minutes
- Monitor Communications – Outputs•3 minutes
- Quiz – Monitor Communications•24 minutes
- PMP Exam – Project Communications Management•27 minutes
1 assignment•Total 15 minutes
- Project Communications Management - Assessment•15 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 videos•Total 500 minutes
- Project Risk Management – Introduction•5 minutes
- Project Risk Management – Introduction•7 minutes
- Project Risk Management – Terminologies•5 minutes
- Project Risk Management – Terminologies•4 minutes
- Project Risk Management – Terminologies•5 minutes
- What is Risk•7 minutes
- What is Risk Appetite•6 minutes
- What is Probability & Impact•6 minutes
- What is Probability & Impact Matrix•6 minutes
- What is Risk Breakdown Structure•7 minutes
- Risk Management Plan•7 minutes
- Risk Management Plan•7 minutes
- Plan Risk Management – Inputs•3 minutes
- Plan Risk Management – Tools & Techniques•2 minutes
- Plan Risk Management – Outputs•5 minutes
- Quiz – Plan Risk Management•20 minutes
- Identification of Risk in Risk Management Plan•8 minutes
- Project Documents Used for Risk Identification•7 minutes
- Data Gathering when Identifying Risks•10 minutes
- Data Gathering when Identifying Risks•8 minutes
- Data Analysis when Identifying Risks•8 minutes
- Data Analysis when Identifying Risks•4 minutes
- Identify Risks – Inputs•8 minutes
- Identify Risks – Tools & Techniques•8 minutes
- Identify Risks – Outputs•4 minutes
- Quiz – Identify Risks•17 minutes
- Perform Qualitative Risk Analysis – Introduction•7 minutes
- What are Risk Parameters•7 minutes
- Data Representation in Qualitative Risk Analysis•8 minutes
- Perform Qualitative Risk Analysis – Inputs•5 minutes
- Perform Qualitative Risk Analysis – Tools & Techniques•10 minutes
- Perform Qualitative Risk Analysis – Outputs•2 minutes
- Quiz – Perform Qualitative Risk Analysis•17 minutes
- Perform Quantitative Risk Analysis – Introduction•7 minutes
- Representations of Uncertainty•8 minutes
- Data Analysis in Quantitative Risk Analysis•6 minutes
- Data Analysis in Quantitative Risk Analysis•4 minutes
- Data Analysis in Quantitative Risk Analysis•4 minutes
- Data Analysis in Quantitative Risk Analysis•5 minutes
- Perform Quantitative Risk Analysis – Inputs•7 minutes
- Perform Quantitative Risk Analysis – Tools & Techniques•8 minutes
- Perform Quantitative Risk Analysis – Outputs•3 minutes
- Quiz – Perform Quantitative Risk Analysis•17 minutes
- Strategies for Threats•6 minutes
- Strategies for Threats•3 minutes
- Strategies for Threats•3 minutes
- Strategies for Threats•3 minutes
- Strategies for Threats•4 minutes
- Strategies for Opportunities•5 minutes
- Strategies for Opportunities•9 minutes
- Strategies for Opportunities•3 minutes
- Strategies for Opportunities•3 minutes
- Strategies for Opportunities•4 minutes
- Strategies for Overall Project Risk•6 minutes
- Strategies for Overall Project Risk•3 minutes
- Strategies for Overall Project Risk•3 minutes
- Strategies for Overall Project Risk•3 minutes
- Strategies for Overall Project Risk•4 minutes
- Plan Risk Response – Inputs•7 minutes
- Plan Risk Response – Tools & Techniques•16 minutes
- Plan Risk Response – Outputs•5 minutes
- Quiz – Plan Risk Response•17 minutes
- Implement Risk Responses – Introduction•7 minutes
- Implement Risk Responses – Inputs•2 minutes
- Implement Risk Responses – Tools & Techniques•1 minute
- Implement Risk Responses – Outputs•2 minutes
- Quiz – Implement Risk Response•17 minutes
- Monitor Risks – Introduction•7 minutes
- Monitor Risks – Inputs•2 minutes
- Monitor Risks – Tools & Techniques•3 minutes
- Monitor Risks – Outputs•3 minutes
- Quiz – Monitor Risks•17 minutes
- PMP Exam – Project Risk Management•26 minutes
1 assignment•Total 15 minutes
- Project Risk Management - Assessment•15 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 videos•Total 380 minutes
- Project Procurement Management – Introduction•9 minutes
- Project Procurement Management – Key Concepts•7 minutes
- Make or Buy Analysis•7 minutes
- What Are Agreements and Contracts•7 minutes
- How to Perform the Procurements•9 minutes
- What Are Processes of Conducting Procurement•9 minutes
- Roles of the Project & Procurement Managers•10 minutes
- Contract Types – FP & FPEPA•7 minutes
- Understanding Contract Types – FPIF & FPAF•8 minutes
- Contract Types – Cost Reimbursable•7 minutes
- Contract Types – Time & Material•10 minutes
- Risks Associated with Contract Type•7 minutes
- Source Selection Analysis•5 minutes
- Source Selection Analysis•5 minutes
- Source Selection Analysis•5 minutes
- What is a Procurement Management Plan•8 minutes
- Procurement Strategy•6 minutes
- Types of Bid Documents•22 minutes
- Point of Total Assumption – Introduction•4 minutes
- Plan Procurement Management – Introduction•18 minutes
- Plan Procurement Management – Inputs•12 minutes
- Plan Procurement Management – Tools & Techniques•6 minutes
- Plan Procurement Management – Outputs•14 minutes
- Quiz – Plan Procurement Management•26 minutes
- Conduct Procurements – Introduction•13 minutes
- Conduct Procurements – Inputs•7 minutes
- Conduct Procurements – Tools & Techniques•3 minutes
- Conduct Procurements – Outputs•6 minutes
- Quiz – Conduct Procurements•26 minutes
- Control Procurements – Introduction•13 minutes
- Control Procurements – Inputs•9 minutes
- Control Procurements – Tools & Techniques•3 minutes
- Control Procurements – Outputs•7 minutes
- Quiz – Control Procurements•26 minutes
- PMP Exam – Project Procurement Management•42 minutes
1 reading•Total 10 minutes
- Conclusion to the Course 'Managing Project Costs, Quality, and Resources'•10 minutes
3 assignments•Total 135 minutes
- Project Procurement Management - Assessment•15 minutes
- Full Course Practice assessment•60 minutes
- Full Course Assessment•60 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.
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