|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||12.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Management Services - Management Services for Course Id 900
This course is designed to provide you with a deep understanding of the applications and importance of Project Management. You will learn how to assess a project with respect to time, costs, and resources in order to effectively and efficiently reach your goals. You will become familiar with the five processes involved in Project management – Initiating, Planning, Executing, Controlling, and Closing on time and within budget-- Project Integration, Project Scope, Project Time, Project Cost, Project Quality, Project Human Resources, Project Communications, Project Risk Management, and Project Procurement – that are essential to being an expert Project Manager. This course follows for the most part the framework within the Project Management Institute’s Project Management Body of Knowledge (PMBOK). The material, however, places a financial focus on projects as a way to accomplish desired changes in the enterprise in a coordinated and predictable way for favorable outcomes. Topics covered include economic feasibility study, life-cycle costing, target costing, and earned value analysis. Through better project management, you can reduce or eliminate failed projects and reduce the costs associated with successful ones, increasing enterprise effectiveness in providing the maximum value to shareholders.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||29-Dec-2015|
|NASBA Course Declaration :||Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.|
|Approved Audience :||
NASBA QAS - NASBA Registry - 900
|Keywords :||Management Advisory Services, Project, Management, Financial, Perspective, 2015, cpe, cpa, online course|
|Learning Objectives :||
2. Define what the PMI is and what they do.
2. Recognize key components of planning and controlling a project, such as responsibilities, schedules, and performance.
3. Identify the purpose of project scorecard metrics.
2. Identify the documents and roadmaps used during a project.
3. Understand when stakeholders have the greatest influence on a project.
2. Recognize the PERT/COST and the Critical Path Method (CPM).
3. Recognize the concept of crashing.
2. Identify what the project reviews should do.
2. Calculate variances using the earned value analysis.
3. Recognize how project costs can be analyzed using EVA.
2. Identify the target costing process for a new product.
2. Recognize several techniques for evaluating projects.
3. Recognize how the time value of money affects project costs.
4. Identify the effect of Modified Accelerated Cost Recovery System (MACRS) on capital budgeting decisions.
2. Recognize some risk analysis tools for project management.
|Course Contents :||
Chapter 1: Overview of Project Management
The Steps in Managing a Project
The Project Management Body of Knowledge (PMBOK®)
Chapter 1 Review Questions
Chapter 2: Planning and Controlling Projects
Key Questions to Ask
Conducting the Initial Meeting
Assembling the Project Team
Obtaining Senior Management Support
Developing a Feasible Budget
Detailed Time-Schedule Preparation
Terminating the Project
Chapter 2 Review Questions
Chapter 3: Project Management Concepts and Process
Project Life Cycle
The Project Management Process
Benefits of Project Management
Chapter 3 Review Questions
Chapter 4: Using the Work Breakdown Structure to Plan a Project
A Simple Example
Guidelines for Developing the WBS
Uses of the WBS
Improving Estimating Ability
Chapter 4 Review Questions
Chapter 5: Project Scheduling
Project Scheduling Models
Program Evaluation and Review Technique (PERT)
Rules of Network Construction
Summary of PERT Procedure
Steps to be Followed in Determining the Critical Path
The Critical Path Method (CPM) Model: PERT/COST
Determination of Minimum-Cost Crash Solution
Management Use of CPM
Computer Software for Project Management
Selecting a Project Management Software Package
Chapter 5 Review Questions
Chapter 6: Project Control and Evaluation
Characteristics of a Project Control System
Project Review Meetings
Purposes of Project Evaluation
Conducting the Project Process Review
The Process Review Report
Critical Success Factors
Chapter 6 Review Questions
Chapter 7: Project Control Using Earned Value Analysis
Why Do Some Projects Overrun The Budget?
Project Budgeting and Cost Estimates
How Do You Prepare Project Budgeting?
Managing Cash Flow
Project Management Software
Chapter 7 Review Questions
Chapter 8: Life-Cycle Costing and Target Costing
Whole-Life Product Cost
Role of Target Costing
Does the Product Add Value to the Company and to Your Customer?
Chapter 8 Review Questions
Chapter 9: Economic Feasibility Study for a Capital Investment Project
Types of Investment Projects
Features of Investment Projects
Understanding the Concept of Time Value of Money
How Do You Measure Investment Worth?
How Do Income Taxes Affect Investment Decisions?
How Does MACRS Affect Investment Decisions?
What to Know About the Cost of Capital
Economic Feasibility Study for an IT Project
Chapter 9 Review Questions
Chapter 10: Managing Project Risks
Risk Analysis Tools for Project Management
Using Software to Assist in Project Risk Management
Chapter 10 Review Questions
Chapter 11: Project Communication and Documentation
Project Documentation and Controlling Changes
Chapter 11 Review Questions
The Project Management Institute (PMI®) and Certifications