Once a project schedule is established, project managers must ensure the project can be delivered within budget and with the right resources in place. In this module, you will learn how project managers estimate and manage project costs, develop a project budget, and monitor financial performance as the project progresses. You will also examine how organizations decide whether to outsource work, how suppliers are selected, how contracts structure procurement relationships, and how project managers manage vendor performance throughout the project lifecycle.

Projects rarely unfold exactly as planned. Uncertainty is a natural part of any project, and effective project managers must be prepared to anticipate and manage potential risks. In this module, you will learn how project teams identify risks, analyze their potential impact, and develop strategies to respond when challenges arise. By taking a proactive approach to risk planning, project managers can reduce surprises and keep projects moving toward successful outcomes.

Successful project delivery requires more than completing tasks on time and within budget. Project managers must ensure that work meets quality expectations, that issues and changes are managed effectively, and that projects are formally closed in a way that supports learning and continuous improvement. In this module, you will explore how quality is monitored during execution, how structured approaches to issue and change management help maintain project alignment, and how thoughtful project closure contributes to stronger performance in future initiatives.