Course Description

Management of cost and contracts is one of the key functions of the project manager. This course will outline various key concepts of project cost management including: financial and management accounting fundamentals, cost management system fundamentals, basic budgeting and responsibility accounting, and cost management reports. In addition, the course will review the procurement cycle including RFPs, contracts, and legal requirements. (39 PDUs)


Newly Updated Course Content: This course's focus and scope now include the 7th Edition of PMBOK® Guide to prepare individuals for passing, in 2022 and onward, the PMI's PMP® and CAPM® exams.

This course is fully online and asynchronous, meaning you typically will not have to be online at specific times. You will engage in course-related activities through online tools such as announcements, discussions, and email. Your course learning will be based on weekly module content and activities that you can go through independently. Note: there are still deadlines for assignment submissions, and you may be expected to participate in discussion board interactions with your peers on a regular basis. 
Your instructor may also include occasional scheduled sessions for Q&As and other discussion activities, using web conferencing tools such as Zoom and Google Meet. More details will be included in your course outline available on the first day of class.

For further information about Professional Development Units (PDUs), see Project Management Institute.

This course is offered in the Spring/Summer term as part of 'Project Management Fast Track' (CKPM 999). 




Prerequisite: CITM 750 or CKPM 202 or CTEC 210

Relevant Programs

Course Sections
Class Number
May 01, 2023 to Jul 21, 2023
Delivery Options
Domestic Fee non-credit $860.51
Domestic Out of Province Fee non-credit $0.00
International Fee non-credit $0.00