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Coursera

Project Estimation and Cost Management

EDUCBA via Coursera

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Overview

Master project estimation, cost management, and planning using real-world tools and techniques. Learn how to build accurate project budgets, timelines, and resource plans with confidence. This course provides a complete, practical guide to project estimation and cost management, covering everything from Work Breakdown Structure (WBS) to advanced scheduling in MS Project. You will learn how to define scope, estimate effort, allocate resources, and manage budgets effectively. Through hands-on examples and structured frameworks, you will understand how to convert estimation data into actionable project plans using MS Project. The course also covers key concepts such as cost variance, resource optimization, and effort-driven scheduling. By the end of this course, you will be able to confidently estimate, plan, and manage projects, making you job-ready for roles in project management, business analysis, and operations.

Syllabus

  • Foundations of Project Estimation
    • Learn core concepts of project estimation, cost structures, and estimation frameworks to build a strong foundation for planning and budgeting.
  • Work Breakdown Structure & Planning
    • Develop structured WBS, define project scope, and apply estimation drivers and assumptions to create accurate project plans.
  • MS Project Tools & Scheduling Basics
    • Transform estimation data into structured schedules using MS Project, including task sequencing, dependencies, and scheduling formulas.
  • Resource & Time Management
    • Manage resources, optimize task duration, and apply effort-driven scheduling techniques to improve project efficiency.
  • Advanced Planning & Optimization
    • Apply budgeting strategies, track project performance, analyze variance, and optimize planning using real-world project tools.

Taught by

EDUCBA

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