Project Cost Control – A project with poor control is a project that is out of control. Cost is one of the key performance indicators for projects. Involved in controlling costs are processes centered around planning, estimating, budgeting, financing, funding, and managing costs so that the project can be completed within the approved budget. Increasingly more…View Details
Project Planning,Scheduling & Cost Control Professional
Project Planning,Scheduling & Cost Control Professional
Project Planning, Scheduling & Cost Control Professional
This project management course teaches techniques that will help you plan, implement, and complete projects with desired results on time and within budget. Learn to create clear project missions and goals, accurately estimate project time and costs, employ project quality management, schedule and allocate time-critical resources, and establish feedback systems for optimal project control.
This course provides a structured approach to project planning and management. Project Planning, Scheduling & Cost Control Professional course goes beyond project management fundamentals and applies a variety of techniques to balance the competing demands of scope, schedule, and cost. It uses industry best practices to teach the latest tools and techniques. Learn how to establish the performance measurement baseline (PMB) and gain proficiency in the tools and techniques used to compare actual work accomplished against established plans. Determine how best to plan project scope based on stakeholder budget and schedule constraints. Be proactive and in control of your project by implementing cost and schedule management.
This training course will provide participants with a thorough background in the concepts of Planning and Scheduling Engineering and construction projects.
The course addresses how to identify, monitor, and balance information crucial for the successful management of projects.
We will discuss the development of a baseline performance management plan (PMP)and the timely generation of quantitative
The comparisons highlight significant performance departures (“actual vs. baseline”) and allow for preventive and early remedial and
The Practical sessions will provide hands-on experience.
Workshops create and track sample project from planning phase till controlling phase (updating).
You might be interested in another Project Management programs as a next step.
- COURSE TYPE Practitioner
- COURSE NUMBER
- DURATION 5 Days
- COURSE ACCREDITED BY Local Certificate
YOU WILL LEARN HOW TO
Each attendee who will complete this training will gain the following outcomes:
Apply and gain an in-depth knowledge of project planning, scheduling and cost control professionally.
Develop advanced project management performance and leadership skills and knowledge through formal and interactive learning methods.
Develop an integrated scope, schedule and cost management plan.
Measure, forecast and control project performance.
Estimate and allocate costs and resources.
Manage and mitigate risks associated with the project.
Develop a recovery plan for budget and schedule overruns.
Produce clear and concise project reports.
Understand and apply the Method Related Charges rule
Understand the importance of the relationship between the method of measurement and the conditions of the contract.
IMPORTANT COURSE INFORMATION
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC). SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
Module 1: Introduction and Review of Project Fundamentals
Project definitions and characteristics
Project life cycles and Project Management lifecycle
Enterprise Project Structure (EPS) and Organizational Breakdown Structure (OBS)
Work breakdown structure (WBS) & work packages and Activity Identification
Time Management environment
Network planning tools and techniques
Activity Types (milestone – Level of effort)
Estimating Activity Durations
Program Evaluation and Review
Critical path method (CPM)
Working with Activities
Module 2: Project Schedule Planning and Critical Path Method
Precedence Network Diagramming
Job Logic Relationship Chart
Critical Path Analysis
Project Float Analysis
The line of Balance Scheduling (Recurring Activities)
Activity Duration Estimation
Project Acceleration Techniques
PERT Analysis – Schedule Risk Contingencies
Gantt Chart – Schedule Baseline
Module 3: Project Scheduling Activity
Arrow Diagram Method (ADM) / Activity on Arrow (AOA)
Network Schedule calculations (CPM)
Crashing and Fast Tracking
Workshops on Arrow Diagram Method
Module 4: Activity Modelling
Precedence Diagram Method (PDM) / Activity on Node (AON)
Schedule Development Calculations
Working with Calendars
Update the Schedule
Monte Carlo Simulation
Professional Project Reports
Workshops on Precedence Diagram Method
Module 5: Project Resource Estimation and Planning
Project Estimating Processes
Production and Productivity Planning
Resource Estimating – Labour, Plant, Materials
Cost Estimating – Direct and Indirect Costs
Project Cost System – WBS Coding
Project Cash Flow Analysis
Resource and Cost Allocation – Cost Baseline
Module 6: Project Execution Management and Control
Progress Tracking and Monitoring
Project Cost Management
Earned Value Control Process
Progress Control Charts – Trend Analysis
Schedule and Cost Variance Forecasting
Labour Management and Cost Control
Materials Management and Cost Control
Earned Value Analysis
Earned Value Reporting
Module 7: Resources Allocation
Working with control Accounts
Setting Up a Cost Account Structure
Analyzing Resources and Costs
Earned Value Management
Producing Resource Usage Profile
Project Risk Management
Multiple Key parties in Real Project environment
Module 8: Project Recovery Plan Development
Project Variance Analysis and Quantification
Schedule Performance Index (SPI)
Cost Performance Index (CPI)
Setting Schedule and Cost Control Limits
Project Recovery Data Assessment
Schedule and Cost Recovery Analysis
Schedule and Cost Recovery Plan
Project Recovery Baselines and Controls
In The Classroom
Private Team Training
Indiviual Private Session
Please Register for More Information