Course Overview

Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization’s financial and strategic objectives, often with sizable increases in costs and with substantial financial losses to the organization. Why? This is due mainly to the failure of many project managers to successfully apply the tools and techniques of modern project planning, monitoring, control and progress reporting on their projects.

Course Objectives

  • Integrate scope, time, resources and cost management into a dynamic, manageable plan
  • Develop project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks
  • Maintain continuous project performance and delivery control
  • Accurately estimate and allocate project costs and resources
  • Measure, forecast and control project performance by employing earned value techniques
  • Compress or accelerate the schedule when required by adverse circumstances
  • Develop a project recovery plan for budget and schedule overruns
  • Produce clear and concise project progress reports

Who Should Attend

This seminar is designed for project team leaders, project planning engineers and heads, and senior project control and business services professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies.

Course Content

Module 01 Project Fundamentals and Scope Planning

  • Project scope and scope statement
  • What is project management?
  • Project management framework
  • Project stakeholders
  • Work breakdown structure (WBS)
  • Project charter document

Module 02 Project Schedule & Contingency Planning

  • Project planning
  • Milestones chart
  • Estimating activity duration
  • Dependency analysis
  • Concept of float
  • Program evaluation and review technique

Module 03 Project Cost Estimating & Budgeting

  • Project resourcing
  • Project cost management
  • Cost estimates
  • Purpose of cost estimates
  • Parametric estimating
  • Project budgeting
  • Cash flow analysis
  • Time value of money

Module 04 Project Resourcing & Accelerating Project Schedule

  • Resource handling
  • Crashing networks
  • Linear time-cost trade-off
  • Case study
  • Identification of risks in projects
  • Risk analysis and management

Module 05 Project Execution Management and Recovery Plan

  • Project execution
  • Performance measures
  • The project s-curve
  • Project control & system variations
  • Earned value management
  • Project variance analysis
  • Post-project review