5 Topics
5 Days
Programme Overview
Training Description
Who Should Attend
- Cost-loaded project schedules
- Cash flow planning and forecasting
- Schedule and cost risk analysis
- Monitoring schedule and cost performance
- Cost and schedule variance analysis
- Earned Value Management (EVM)
- Managing cost overruns and schedule delays
- Schedule compression and recovery strategies
- Change control and its impact on cost and schedule
- Project forecasting and corrective action
- Practical project scheduling and cost-planning exercises
Session Objectives
- Confidently estimate project timescales and costs with appropriate resource management plans
- Identify, assess and manage schedule, cost, scope and resource risks
- Understand project performance and control
- Measure, forecast and control project performance by employing earned value techniques
- Develop a project recovery plan for budget and schedule overruns
About the Course
The workshop focuses on the critical relationship between project time, cost, resources, and performance. Participants will learn how to translate project scope into activities, sequence tasks, estimate durations and costs, develop schedules and budgets, establish baselines, monitor performance, and respond effectively to cost overruns and schedule delays.
The workshop focuses on the critical relationship between project time, cost, resources, and performance. Participants will learn how to translate project scope into activities, sequence tasks, estimate durations and costs, develop schedules and budgets, establish baselines, monitor performance, and respond effectively to cost overruns and schedule delays.
Curriculum & Topics
5 Topics | 5 Days
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Subtopic 1.1:
Basic project management definitions
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Subtopic 1.2:
Triple constraints – Time, Cost, Scope
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Subtopic 1.3:
Project selection methods
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Subtopic 1.4:
Defining project scope
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Subtopic 1.5:
Cost & schedule estimation, cost budgeting & control
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Subtopic 1.6:
Project schedule management using the Critical Path Method
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Subtopic 2.1:
Resource requirements
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Subtopic 2.2:
Direct & indirect project costs
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Subtopic 2.3:
Planning and scheduling limited resources
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Subtopic 2.4:
Options for accelerating the schedule
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Subtopic 2.5:
Crashing the schedule - How?
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Subtopic 3.1:
Risk identification, analysis & management
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Subtopic 3.2:
Contingency reserve
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Subtopic 3.3:
PERT, probability and standard deviation formulae
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Subtopic 3.4:
Network activity risk profiles
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Subtopic 3.5:
Application: Estimating project duration
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Subtopic 3.6:
Project risk strategies
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Subtopic 4.1:
Critical chain analysis and use of buffers
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Subtopic 4.2:
Comparison of unbalanced with balanced schedules
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Subtopic 4.3:
Measuring planned progress on schedule
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Subtopic 4.4:
Risk distribution in contracting
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Subtopic 4.5:
Actual progress and work conditions
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Subtopic 4.6:
Managing variable conditions
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Subtopic 5.1:
Schedule variances & cost variances
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Subtopic 5.2:
Progress control charts -trend analysis
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Subtopic 5.3:
Schedule and cost variance forecasting
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Subtopic 5.4:
Schedule and cost recovery analysis
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Subtopic 5.5:
Schedule and cost recovery plan
