Cost Management

Professor Anvari

Taught manufacturing and industrial systems engineering courses at the University of Michigan for five years where he received his three engineering degrees, and as an adjunct professor he teaches project and cost management at local universities in the Washington DC area.�

In his early career he worked at General Motors as a production engineer and later as an operations research and systems analyst at the cost and economic analysis center in Washington DC.

Mort is currently the ASA (FM&C) Lean Six Sigma (LSS) deployment director and is responsible for cost and economics programs and strategy where he oversees process improvement initiatives, economic studies validation, cost benefit analysis, and risk & uncertainty analysis in support of major defense programs.

Mort is Defense Acquisition University Level III Certified in Business, Cost Estimating, and Financial Management (BCEFM) and has won the 2006 DoD modeling and simulation award.

In his public lectures, Mort stimulates cost culture debates among government and industry leaders and managers. Professor Anvari has repeatedly appeared on live television programs analyzing the political economy of the Middle East.

Content

"Cost Management" places basic cost management tools within the grasp of nearly any project manager. Each skill sequence builds on the one before. Using clear explanations and providing ample practice, this course makes learning when and how to use cost management calculations and indices as uncomplicated as possible.

The supplemental course materials are designed for the entire series. The glossary extends beyond the terms used in this module. New terms in the text are linked to the glossary, or users can go to the glossary to look up terms by scrolling or using the alphabetical index. The resources section is a treasure trove of brief articles on a variety of management topics.�� Overall, for managers new to cost management methodologies, this course should prove useful, regardless of the number of zeroes and commas in their project budgets.

Value

If these cost management tools aren't already in your project management toolkit, this course is an efficient and cost-effective way to acquire them. The time and money spent are likely to be repaid many times over the first time you apply these methods to a real-life project.

	COST MANAGEMENT BASICS
	Introduction to Cost management
	Cost Planning
	Cost analysis
	Cost accounting
	Cost Controlling

	Cost Management
1	Introduction to Cost Management
2	Basic Cost Management Concepts
3	Cost Behavior
4	Activity-Based Costing
5	Product and Service Costing: Job-Order System
6	Product and Service Costing: A Process Systems Approach
7	Allocating Costs of Support Departments & Joint Products
8	Budgeting for Planning and Control
9	Standard Costing: A Functional-Based Control Approach
10	Decentralization: Responsibility Accounting
11	Strategic Cost Management
12	Activity-Based Management
13	The Balanced Scorecard
14	Quality and Environmental Cost Management
15	Productivity Measure and Control
16	Lean Accounting
17	Cost-Volume-Profit Analysis
18	Activity Resource Usage Model
19	Pricing and Profitability Analysis
20	Capital Investment
21	Inventory Management: Economic Order Quantity

	Labor Rates
0	Welcome to the "Rates" Module
1	�Labor Estimation Rates
2	�Cost Estimation Rates
3	�Wrap Rate Calculations
4	�Wrap Rate Projections

	Earned Value Management (EVM)
0	Course User Guide
1	�Introduction & Purpose of Course
2	�The Work Breakdown Structure (WBS)
3	�The Organization Breakdown Structure
4	�Scheduling
5	�Budgeting
6	�Establishing the Baseline
7	�Detailed Planning
8	�Measuring Work in Progress
9	�Accounting System
10	�Data Collection
11	�Estimating Cost at Completion - Judgment & EV Information
12	�Change Control
13	�Baseline Maintenance
14	External Reporting
15	�Contract Status
16	�Contracting
17	�The Integrated Baseline Review (IBR)
18	�Internal Surveillance
19	�Surveillance Plan Execution
20	�Program Execution



	Software Cost Estimating
0	Software Cost Estimating (CLB023)
1	Define the System and Cost Drivers
2	Collect and Analyze Data
3	Select a Model
4	Develop and Test the Estimate
5	Document and Defend the Estimate