This course provides the background for project managers to effectively manage the schedule and cost of a project. It begins with the relationships of scope and quality to time and cost and their effects on the project baseline, emphasizing setting a schedule before estimating costs. It then continues with the basics of scheduling and moves to critical path and managing and controlling the schedule. The course also covers how to estimate and develop a budget, and why any budget is an estimate prior to the reporting of the actual costs. The course links the processes of managing the schedule and costs using organizational guidelines and best practices for controlling costs. It includes intensive case study exercises on earned value that teach project managers to calculate the earned value of all project elements, report variance against the plan, and bring performance back in line with the plan.