myCPE

Project Estimates: Schedules and Budgets 1 Credit

Project Estimates: Schedules and Budgets 1 Credit

  • Raymond Sheen

    PMP®, LSS BB

  • Rating

    5

  • Published on

    May, 2024

  • Subject Area

    Management Services

Learning mode

On Demand
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objectives

  • To discuss project management.
  • To analyze what is project estimations.
  • To recognize the link between project uncertainty and project estimates.
  • To analyze different estimating techniques for project estimates.
  • To inspect how to translate effort estimates into cost and schedule estimates.
  • To discuss examples illustrating the challenges and best practices of project estimates.

Course Overview

Project management is the process of leading the work of a team to achieve all project goals within the given constraints. It involves the planning and organization of a company's resources to move a specific task, event, or duty towards completion. It can involve a one-time project or an ongoing activity, and resources managed include personnel, finances, technology, and intellectual property. 

A major challenge when planning and managing a project is project estimating. 

Project estimation is the process of analyzing available data to predict the time, cost, and resources needed to complete a project. Estimating is an inseparable part of project management services which have a financial component. 

Project estimation techniques help project managers accurately estimate essential elements, such as cost and scope, within their projects. These techniques can be used to properly plan for resource allocation. These estimation techniques provide better forecasts to clients and more accurately budget the funds and resources they need for project success. 

In this online CPE webinar, speaker Raymond Sheen will discuss different estimating techniques along with their advantages and disadvantages. In addition, project constraints that impact estimating accuracy will be identified. 

Many of the project activities are unique or at least significantly different than what has been done on previous projects. In addition, project team members have different skillsets and experiences to draw upon. These all contribute to an aspect of project management that is seldom accurate. 

This online CE/CPE webinar will also include examples illustrating the challenges and best practices.

On Demand Credits for All Qualifications

License details Credits Status
Management Services for Certified Public Accountants (CPA-US) 1 CPE Approved
Business Mgmnt and Org for CPA in Canada 1 CPD Eligible
Business Mgmnt and Org for Certified Management Accountants (CMA) 1 CPE Eligible
Management Services for Certified Fraud Examiner (CFE) 1 CPE Eligible
Management Services for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Certified Information Systems Auditor (CISA) 1 CPE Eligible
Certified in Risk and Information System Control (CRISC) 1 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 1 CPD Eligible
Chartered Accountant - ICAEW 1 CPD Eligible
Business Accumen for Project Management Professional (PMP) 1 PDU Eligible
Management Services for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Management Services for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Project management for Certified Professional in Talent Development (CPTD) 1 Points Eligible
Project management for Associate Professional in Talent Development (APTD) 1 Points Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Chartered Accountants - Scotland 1 CPD Eligible
CPA - Ireland 1 CPD Eligible
Certified FP&A Professional (FP&A) 1 CE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Raymond Sheen

Raymond Sheen , PMP®, LSS BB

President, Product and Process Innovation, Inc.

  • 4.5
  • rating
  • rating
  • rating
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Raymond Sheen, PMP® LSS BB, is president and founder of Product & Process Innovation, Inc. He is a veteran business leader with over 35 years of executive, functional, and project management experience working in GE, the US Air Force and as an independent consultant.  Ray is author of the book, Guide to Building Your Business Case, published by Harvard Business Review Press and a contributor to the book, Guide to Project Management, also published by Harvard Business Review Press.  Ray teaches process improvement, digital transformation, project management, product development and strategy development topics through Worcester Polytechnic Institute in Massachusetts. 

Ray received his B.S. in Mechanical Engineering from the United States Air Force Academy and his M.S. in Astronautical Engineering from the Massachusetts Institute of Technology.  He has recently completed a graduate certificate in Digital Leadership and Strategy from Boston University.    He also attended numerous business management and executive management training programs while at GE.  Ray is a Fellow at the Institute for Digital Transformation and a member of the Project Management Institute (PMI and the Institute of Electrical and Electronic Engineers (IEEE).  

The focus of Ray’s work has been the management and deployment of technology in various industries and business functions including finance, engineering, marketing, manufacturing, service, and IT.   Ray has completed projects, managed teams and delivered training and consulting on three continents and 15 countries.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

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Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

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Reviews and Ratings

out of 5

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FBA

Fasihah Binte Amerudin, Doc. of Law

5

the session has been useful for me to gather insights on adopting proper estimates to ensure that my project is being timed and resourced accordingly

GC

Greg Cassat, Doc. of Law

5

Useful, relevant (for every project) and succinct. Loved it.

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