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Creating a Project Budget (PMI - PMP) (Udemy.com)

Project Management Professional Certification Program (PMI-PMP)

4.0
117 reviews

Created by: Sorin Dumitrascu

Last updated November 2025

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What you will learn

  • Identify activities that are part of the Project Cost Management Knowledge Area
  • Distinguish between the inputs, tools and techniques, and outputs of the Plan Cost Management process
  • Identify inputs to the Estimate Costs process
  • Distinguish between the tools and techniques you can use to estimate project costs
  • Describe how to use the bottom-up estimating technique to estimate project costs
  • Match the outputs of the Estimate Costs process to their descriptions
  • Recognize the inputs to the Determine Budget process
  • Recognize the tools and techniques you can use to determine your project budget
  • Identify the outputs of the Determine Budget process
  • Demonstrate your understanding of the Estimate Costs and Determine Budget processes

How it compares

Against the other 243 rated Udemy courses in Project Management on CourseDuck:

  • Rating4.0 out of 5higher than 2% of them
  • Reviews117#221 of 244 by number of reviews
  • Length2.4 hoursshorter than 68% of them
  • Last updatedNovember 2025earlier than 49% of them

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Course Description

The Creating a Project Budget (PMI - PMP) is course 12 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Let's face it, at the end of the day, projects are really all about profit, no matter what kind of company you work for. Even if you work for a charitable organization or government, nobody wants to see a project lose money.

That's why developing a realistic budget and then managing it well is such a critical part of project management. In this course, you'll learn what goes into a cost management plan, how to estimate costs, and how to establish a realistic cost baseline for your project.

1. Project Cost Management Processes

2. The Plan Cost Management Process

3. Inputs to Estimate Costs

4. Tools and Techniques of Estimate Costs

5. Using the Bottom-up Technique to Estimate Costs

6. Outputs of Estimate Costs

7. Inputs to Determine Budget

8. Tools and Techniques to Determine Budget

9. Outputs of Determine Budget

10. Exercise: Estimating Costs and Developing the Budget

Beyond budgeting basics, this course will equip you with strategies to handle the inevitable financial surprises that can occur in any project. You'll learn how to identify potential cost risks, develop contingency plans to mitigate them, and communicate effectively with stakeholders when budget adjustments become necessary.

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!
Read More Beginner Beginner Level product length iconTime: 2.4h

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Instructor Details

Sorin Dumitrascu

I'm Sorin Dumitrascu. I work as an advisor for an international humanitarian organization. Until 2025 I was City Manager of Ploiești, Romania (a city budget of about EUR 200 million), and earlier I was Deputy Director General of Romania's prison service. Since 2015 I have published nearly 200 courses here, taken by more than 360,000 learners.

I'm a public manager and a trainer of trainers, with 15+ years of experience designing and delivering practical courses in management, human resources, project, program and portfolio management, business analysis, operations and finance.

I teach what I practice. I have led and advised projects for the United Nations, the European Union, NGOs and private companies, with a focus on measurable results in organizational performance, industrial relations, prisons and corrections, and adult education.

My courses are built for busy professionals:

- Courses that prepare you for PMI and HR certification exams, plus Six Sigma

- Real case studies from the public sector and from companies

- Templates, checklists and practice resources you can use right away

- Clear, step-by-step lessons with practical assignments

Education: MSc in Policy Making in the European Union (Loughborough University, UK); Bachelor in Administrative Sciences (Public Administration), University of Craiova; Public Manager Diploma, National Institute of Administration (Romania).

Read More

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Reviews

4.0

117 ratings on Udemy

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By Karl on 12/27/2023

Yes it was, I can apply what I don't know practically. However I felt the first few videos were unnecessary could get straight to budget management. Also could do with mini questions at the end of each video to help re-inforce what has been learnt.

By Cebelihle Sikhakhana on 1/14/2023

This course does not get practical with actually developing the skill for carrying out these activities!

By Yisins jony on 8/9/2022

It was a beautiful learning experience with the instructor. His method of delivery is such that is rare to find, so patient with his students. I love especially,

By Dawid Jagoda on 2/9/2021

I have expected something different. I wouldn't call it 'course' or 'training'. Basically, it was reading of the text shown on slides. Moreover, slides have only text and 'examples' have been read without any ilustration. I am sure the trainer has big knowledge, but it is not how the training supposed to look like.

By Eunice Estela López Suárez on 2/6/2021

Hello, For being free it was good. It reinforced knowledge I had already. It was kind of static, lack dynamism but it was good for the purpose I signed it. Thanks!

By Ebba Karlsson on 8/26/2020

Trainer cleared the concepts very well. Assignments are very useful to practices. I am still practicing and learning. Hats off to the knowledge the trainer has.

By Martin Vogel on 7/9/2020

The author has a good sense of relevancy which makes the course fun and engaging. Also, he sounds very helpful – everything is explained clearly to the last detail which to me seems key in budgeting.

By Diaz Ortega on 6/7/2020

I am an aspiring project manager and have been to a few courses to learn how to manage budgets. This has been a good course to learn from and also reinforce what I have learned.

By Joe Alison on 6/7/2020

This course was very detailed and would highly recommend if you are learning from scratch. Improved my skills considerably considering I did not even know how to draw a line and can now complete drawings.

By Henry Dumont on 6/7/2020

The instructor's sincere style, engaging tone, and knowledge are fantastic. The material is easy to understand, relevant, practical, and applicable. I am a native English speaker and the instructor's use of language was perfect.

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Overall Score : 80 / 100

Creating a Project Budget (PMI - PMP)
Visit course on Udemy Write a review
  • Video Duration: icon 2.4h
  • Price: $44.99
  • Provider: icon Udemy
  • Updated: icon November 2025
  • Level: Beginner Beginner
  • Language: icon English
  • Certificate: icon Yes
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