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Keeping Your Project on Budget (PMI - PMP) (Udemy.com)

Project Management Professional Certification Program (PMI-PMP)

4.2
100 reviews

Created by: Sorin Dumitrascu

Last updated November 2025

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What you will learn

  • Identify the inputs to the Control Cost process
  • Recognize the tools and techniques you can use to control project costs
  • Match earned value management values with their formulas
  • Recognize the situations in which different estimate at completion (EAC) formulas are used
  • Calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures
  • Recognize how outputs of the Control Costs process are used
  • Calculate the planned value and earned value, given the budget, percent of time passed, and percent of work completed
  • Calculate the schedule variance and schedule performance index, given the earned value and planned value
  • Calculate the cost variance and cost performance index, given the earned value and actual costs
  • Determine project performance, given a set of raw data points
  • Utilize work performance data to determine project performance

How it compares

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

  • Rating4.2 out of 5higher than 9% of them
  • Reviews100#236 of 244 by number of reviews
  • Length2.9 hoursshorter than 57% of them
  • Last updatedNovember 2025earlier than 49% of them

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Course Description

The Keeping Your Project on Budget (PMI - PMP) is course 13 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Establishing the budget for a project is a vital process in project management. Yet, it means nothing if the budget is not adhered to. Controlling project cost is critical to meeting a project's budgeted targets.

And monitoring cost performance can mean the difference between the success and failure of a project. In this course, you'll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.

1. Inputs to Control Costs
2. Tools and Techniques to Control Costs
3. Earned Value and Cost Performance
4. Forecasting Using the EAC
5. To-complete Performance Index (TCPI)
6. Outputs of Control Costs
7. Calculating the Planned Value and Earned Value
8. Comparing Schedule Performance against the Plan
9. Comparing Cost Performance against the Plan
10. Determining Project Performance
11. Determining Project Performance
12. Determining Estimate at Completion
13. Determining Estimate at Completion
14. Exercise: Controlling Project Costs

Project budgets rarely remain static. In this course, you'll also gain the skills to handle unexpected costs, scope changes, and potential risks. We'll cover methods to proactively identify cost-influencing factors, along with strategies for creating contingency plans to safeguard your project's financial success.

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!
Read More Intermediate Intermediate Level product length iconTime: 2.9h

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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).

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Reviews

4.2

100 ratings on Udemy

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By Nina Tkachenko on 1/8/2025

Outdated, not informative, no visual information or real examples

By Stelian Radu on 3/12/2022

I can't believe how much I learned in the Keeping Your Project on Budget (PMI - PMP) course. Sorin is an excellent instructor and his training methods are impressive! It's no wonder that this man has such a successful career as an expert with projects like these under his belt-they're pretty smart ideas, too.

By V.B. on 3/11/2022

The Keeping Your Project on Budget (PMI - PMP) course is an amazing experience. Sorin's teaching skills and knowledge of the subject matter were impressive from start to finish! This training program was great, I learned so much in just three days that will help me on my journey as a procurement professional."

By Emiliana Boerio on 3/8/2022

I can't believe I got such a great deal on this course. It's worth every penny and more! Sorin is an amazing teacher; he really knows how to make sure that you understand everything in the lesson, even if it seems hard at first glance (which these lessons always do). Keeping Your Project on Budget class has been one of my most profitable investments ever--impressive stuff here man!!

By Bilal Giray on 3/3/2022

The course on Project budgeting was really helpful and interesting! I learned a lot of new information that will help me with my projects in the future. The instructor, Sorin was knowledgeable about his topic which made it easy for him to teaching this class as well as being engaging without being boring or too detailed.

By Jagdish Shanti on 12/7/2020

I have commented many times and I dont wanna bore u with the same comments bcoz from the start till the end, my liking towards the course only increased exponentially! One amazing course and I wud recommend it to anyone without a second thought! Thanks a lot Sorin for making this course!

By Rochelle Barre on 12/4/2020

I really liked this training. It has some important elements in being more efficient in use of your time. There are lots of ideas that is shared that can come in handy. Plus the pre -quiz helps set up the next lectures and drive important points home.

By Anastasia Lebedeva on 11/7/2020

No formulas, no exercises, no clear examples - he is just reading text.

By Jen Hanslehman on 6/21/2020

This was a great course. The content was engaging and enjoyable and the tutor was very pleasant to listen to. The lessons are varied, with longer tasks which could be done as short projects and shorter ones which could be used a time out. Lots of resources to use at your convenience and the content is suitable and adaptable for all.

By Richard Simon on 6/18/2020

I started the course, thinking I have all of these small lecture videos to watch more about project budgeting. However, as I watched each video, I became invested in each video because it was a short video, very precise about information, and course materials proved to be invaluable. I would recommend this course to anyone in the future.

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Overall Score : 84 / 100

Keeping Your Project on Budget (PMI - PMP)
Visit course on Udemy Write a review
  • Video Duration: icon 2.9h
  • Price: $54.99
  • Provider: icon Udemy
  • Updated: icon November 2025
  • Level: Intermediate Intermediate
  • Language: icon English
  • Certificate: icon Yes
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