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Budgeting and Scheduling Projects

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Budgeting and Scheduling Projects

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Gain insight into a topic and learn the fundamentals.
4.7

9,366 reviews

5 hours to complete
Flexible schedule
Learn at your own pace
98%
Most learners liked this course

Gain insight into a topic and learn the fundamentals.
4.7

9,366 reviews

5 hours to complete
Flexible schedule
Learn at your own pace
98%
Most learners liked this course

What you'll learn

  • Define milestones and create a milestone schedule

  • Identify the resource needs of the project

  • Estimate the quantities and costs of resources needed for project activities

  • Use a responsibility assignment matrix to assign responsibilities

Details to know

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Assessments

4 assignments¹

AI Graded see disclaimer
Taught in English

Build your subject-matter expertise

This course is part of the Project Management Principles and Practices 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
  • Earn a shareable career certificate

There are 5 modules in this course

A good project schedule helps all team members’ work together to meet project objectives. A project budget with realistic cost constraints is also an essential bedrock of any project. In this course you’ll learn to plan and stick to time and cost constraints in order to ensure the success of your projects.

Upon completing this course, you will be able to: 1. Identify the resource needs of the project 2. Decompose work packages into activities 3. Define what is needed to estimate activity durations 4. Define milestones and create a milestone schedule 5. Determine the critical path and calculate float 6. Describe the purpose of using leads and lags in a project schedule 7. Estimate the quantities and costs of resources required to perform project activities 8. Select one of three common cost estimating techniques to determine a project budget 9. Use a responsibility assignment matrix to assign responsibilities 10. Recognize the components of a project’s quality management plan

Get started in this module by reviewing the course overview and participating in the course survey.

What's included

1 reading

1 readingTotal 10 minutes
  • Course Overview10 minutes

In this module, we will decompose work packages into activities, identify the resource needs of the project, and use a responsibility assignment matrix (RAM) to assign responsibilities. In addition, you will have a lesson on Quality Management.

What's included

3 videos2 readings1 assignment

3 videosTotal 16 minutes
  • 2.1 Lecture5 minutes
  • 2.2 Case Study2 minutes
  • Bonus Video: Tips for Identifying Project Resources9 minutes
2 readingsTotal 20 minutes
  • 2.3 Optional Readings10 minutes
  • 2.4 Exercise10 minutes
1 assignmentTotal 30 minutes
  • Module 2 Quiz30 minutes

In this module, we will define what is needed to estimate activity durations, estimate the quantities and costs of resources required to perform project activities, and discover three common cost estimating techniques to determine a project budget.

What's included

3 videos2 readings1 assignment

3 videosTotal 26 minutes
  • 3.1 Lecture10 minutes
  • 3.3 Case Study2 minutes
  • Bonus Video: Avoid These Estimating Pitfalls14 minutes
2 readingsTotal 20 minutes
  • Don't Miss Out!10 minutes
  • 3.3 Exercise10 minutes
1 assignmentTotal 30 minutes
  • Module 3 Quiz 30 minutes

In this module, we will create a network diagram, determine the critical path and calculate float, define milestones and a create a milestone schedule, describe the purpose of using leads and lags in a project schedule, and recognize the components of a project’s quality management plan.

What's included

3 videos2 readings1 assignment

3 videosTotal 35 minutes
  • 4.1 Lecture11 minutes
  • 4.3 Case Study2 minutes
  • Bonus Video: Revisiting the Network Diagram22 minutes
2 readingsTotal 20 minutes
  • 4.4 Optional Readings10 minutes
  • 4.5 Exercise10 minutes
1 assignmentTotal 30 minutes
  • Module 4 Quiz30 minutes

Wrap up this course by meeting our industry expert panelists, taking the final exam, and participating in our post course survey.

What's included

1 video2 readings1 assignment

1 videoTotal 21 minutes
  • Panelist Interview21 minutes
2 readingsTotal 20 minutes
  • You're Almost There!10 minutes
  • Meet the Panelists10 minutes
1 assignmentTotal 30 minutes
  • Final Exam 30 minutes

Earn a career certificate

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Instructor

Instructor ratings
4.7 (1,162 ratings)
University of California, Irvine
33 Courses1,298,834 learners

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Showing 3 of 9366

KA
·

Reviewed on Aug 12, 2018

Very helpful big picture overview of critical competencies for budgeting and scheduling projects. Immediate application for numerous projects I'm managing or co-managing.

MM
·

Reviewed on Apr 22, 2016

A good overview for budgeting and scheduling projects. The course focuses on the basics, but also does a good job of introducing more advanced methods for both financial and schedule management.

ER
·

Reviewed on Apr 12, 2016

Budgeting and Scheduling helps you to attain the budget needed for the project itself. It also helps to monitor you cost versus your timelines in order to minimize the overtime and over

Frequently asked questions

You'll learn how to plan a project so time, cost, and team responsibilities stay aligned. It starts with identifying resources and breaking work into activities, then moves into estimating costs and durations and building milestone schedules. You'll apply that in exercises such as creating a responsibility assignment matrix and analyzing dependencies between activities.

No, the course doesn't state a formal prerequisite. It teaches core planning tasks through lessons, case studies, and exercises, though it does move fairly quickly into project terms like work packages and RACI roles. If you've been part of team-based projects before, the examples may feel easier to follow.

It is beginner-friendly if you want a concise introduction to planning project time and cost. The course builds step by step, using short lessons, case studies, and guided exercises instead of asking you to manage a full project on your own. If you're completely new to project terminology, you may need to slow down a bit when topics like estimating or dependencies first appear.

Expect about 5 hours in total. The workload is light enough for a short course, and it includes lessons, readings, case studies, exercises, quizzes, and a final exam. It's a manageable option if you want focused coverage without a long time commitment.

Yes, there is hands-on work, but it's guided rather than project-heavy. You'll do practice exercises such as building a responsibility assignment matrix, applying estimation methods to activities, and ordering work based on dependencies. That gives you a chance to use each planning idea in context instead of only hearing about it.

The course centers on resource planning, estimating, and scheduling. You'll learn how to identify what a project needs, estimate quantities and costs, assign responsibilities, and use tools like milestones and the critical path to shape a realistic schedule. It also connects those decisions to quality management, so planning is treated as part of delivering work well, not just on time.

After finishing, you should be able to break project work into activities, estimate the people and resources required, and organize that work into a basic schedule. For a small project, that could mean assigning roles with a RACI-style matrix, setting milestones, and spotting which tasks most affect the timeline. The course gives you usable planning skills, especially for projects where time, cost, and coordination all matter.

It's more concept-first, with structured practice along the way. Most of the learning comes from lessons and case studies that explain how budgeting and scheduling decisions work, then short exercises and quizzes help you apply those ideas.

This course is a strong choice if you want project budgeting and scheduling taught as one connected planning process. Instead of treating estimates, roles, and timelines as separate topics, it walks you from resource needs and responsibility assignment into milestones, dependencies, and schedule analysis, with practice in each stage. If you want a short course that helps you think through how a project gets planned from early estimates to a workable schedule, this is a good fit.

Financial aid available,

¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.