1. In Chapter 7, you learned that many technically inclined project management professionals have very poor financial cost management skills and that top management is usually more concerned with numbers as they relate to all associated costs and returns from IT investments. As a result, many organizations send their information technology employees for training and mentoring on practices such as cost estimating. Find a suitable program that would benefit such employees. What is the name of the program? Who offers the program and where is it offered? Describe the features, length, cost, and registration requirements of the program. Based on the knowledge you acquired from reading Chapter 7, how would you rate this program? Is it a program in which you would enroll?
Ans:
Cost estimation is
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• Estimating methodologies: the elements used in cost estimation techniques, various cost estimation techniques used and issues in estimation of cost.
• Cost risk and uncertainty: Includes how to find the risk and uncertainty and changes due to cost estimation uncertainty.
• Validating and documenting the estimate: This includes how to validate and document the cost estimate, characteristics of high quality estimate
• Linking of the credible cost estimate to the EVM system: This topic includes steps in EVM process, Risk factor, common indicators of poor program performance etc.
The fees charges for this program is $1345 for one person. The duration of this program is 2 days and timings are 8:30a.m. to 5 p.m. This course is available through E-training, virtual classroom, public classroom. In my view, this program is very beneficial as it covers all the topics related to the coat estimation and provides experience also, which includes estimation of real world IT