Read Section 7.1 7.3 of Chapter 7 Project Cost Management in PMBOK guide (pp. 231 271). There are four processes in Project Cost Management the f

Read Section 7.1 7.3 of Chapter 7 Project Cost Management in PMBOK guide (pp. 231 271). There are four processes in Project Cost Management the first three belong to planning process group and the last belongs to monitoring and controlling process group. You are required to read the first three processes. When reading this section, please focus on the inclusion of a Cost Management Plan (Section 7.1), the tools and techniques for estimating costs (Section 7.2) and the form of a cost baseline (Section 7.3).

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: Project Management Institute Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/detail.action?docID=5180849

Read Chapter 5 Estimating Project Times and Costs in Project Management: The Managerial Process (pp. 239 287). This chapters discusses two approaches for estimating project times and costs: top-down approach and bottom-up approach. Please focus on the comparison of these two approaches and under what circumstances each approach should be adopted. Section 5.6 is also an important section to read and understand. Please pay attention to the definition of the three types of costs. This lays a foundation for the next module when you learn how to reduce project duration.

Larson, E. (2017). Project Management: The Managerial Process (7th ed.). New York, NY: McGraw-Hill Higher Education. Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/reader.action?docID=5493846

Read Chapter 8 Scheduling Resources and Costs in Project Management: The Managerial Process (pp. 411 484).

Chapter 8 is one of the most complex chapters in this text. Section 8.3 described two scheduling problems: time-constrained project and resource-constrained project. Following Section 8.3, two approaches are discussed in Section 8.4. Figure 8.3 describes resources levelling technique in a time-constrained project. You are required to understand the goal of resources levelling/smoothing, how to smooth out resources and the implication of resource levelling. It may seem quite challenging to understand how to resolve resource over-allocation issues in a resource-constrained project. However, after reading this chapter carefully and You need to understan

Read Chapter 7 Managing Risk in Project Management: The Managerial Process (pp. 206 410)

This Chapter follows the four-step process in risk management. Section 7.2 Step 1: Risk Identification describes a systematic approach to identify risks. Section 7.3 Step 2: Risk Assessment discusses the two components of a risk: the probability of the event and the impact of the event. Please pay particular attention to the risk severity matrix (a heat diagram) in Figure 7.7 and understand how both the likelihood and impact of a risk determine the severity of that risk. Section 7.4 Step 3: Risk Response Development discusses four risk response types and what each of them mean. When you read this chapter, you should bear in mind that this chapter adopts a narrower def

Read Chapter 11 Project Risk Management in PMBOK guide (pp. 395 458). Risk Management has a total of 7 processes. All 7 processes are equally important to read. With the foundation you formed in the first Essential Resource, PMBOK 7 risk processes should not be very difficult to understand.

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: Project Management Institute Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/detail.action?docID=5180849

Read Chapter 8 Project Quality Management in PMBOK guide (pp. 271 306). Quality Management has three processes. The main output from the first process Plan Quality Management is the Quality Management Plan. Make sure you understand the inclusions in a Quality Management Plan (Section 8.1). Section 8.3 discusses a number of Quality Control (QC) tools in the Tools and Techniques section of Control Quality process. Please learn how to apply each QC tool and to select which tool to use for a given purpose.

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: Project Management Institute Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/detail.action?docID=5180849

Read Chapter 12 Project Procurement Management in PMBOK guide (pp. 459 - 502). In PMBOK version 6, Project Procurement Management contains only three process. PMBOK has removed the Close Procurement process which is used to be under Project Procurement Management in PMBOK version 5. This chapter helps you to form a high-level understanding of procurement related activities in a project.

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: Project Management Institute Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/detail.action?docID=5180849

Read Chapter 9 Reducing Project Duration in Project Management: The Managerial Process (pp.485 532). Section 9.3 and 9.4 may be hard to understand and you may need spend more time on both sections. These two sections teach the project duration reduction technique, and you need to think logically and critically as to which activity to choose to reduce its duration. Will reducing the duration of a non-critical activity be effective? As project duration is reduced, the indirect costs decrease linearly. However, the direct costs will increase at an increasing speed. The combination of these two conflicting effects resulted in a V shaped line for the total cost. This is illustrated in Figure 9.1.

Section 9.4 described an approach to determine the activities

: Read Chapter 10 Project Communications Management in PMBOK guide (pp.359 - 394). Project Communications Management has three processes. Make sure you understand the inclusions of the Communications Management Plan (Section 10.1). The tools and techniques in Manage Communications process are also important to understand.

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: Project Management Institute Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/detail.action?docID=5180849

Read Section 4.2 and 4.6 in Chapter 4 Project Integration Management in PMBOK guide. Section 4.2 discusses the development of project management plan. Please focus on the components of project management plan (page 87). In particular, please read and understand the additional components in the project management plan (page 88). Section 4.6 is the Perform Integrated Change Control process.

Project Management Institute. (2017). A guide to the project management body of knowledge (PMBOK guide) (6th ed.). Newtown Square, PA: Project Management Institute Retrieved from https://ebookcentral-proquest-com.ezproxy.laureate.net.au/lib/think/detail.action?docID=5180849

Please watch the following sections from Project Management Foundations: Communication on Linkedin Learning:

Both videos in Section 1 The Communication Plan

All six videos in Section 2 How we CommunicateRose, D. (2019 February 19). Project Management Foundations: Communication. Retrieved from https://www.lynda.com/Business-tutorials/Project-Management-Foundations-Communication/774893-2.html

Please watch the following lectures from Project Management Foundations: Integration on Linkedin Learning:

Develop Project Management Plan (2m 54s)

Perform Integrated Change Control (2m 21s)

Yarbrough, O. (2018 November 5). Project Management Foundations: Integration. Retrieved from https://www.lynda.com/Project-Management-tutorials/Project-Management-Foundations-Integration/756288-2.html