The triple constraints of project management – scope, time/schedule, and cost/budget – are the focus of this intensive course. Mastering the art of planning is a key to controlling these constraints.
Key Outcomes:
Use various tools to make cost and schedule decisions and establish baselines
Recognize the importance of the project scope and how it relates to cost and schedule management
Apply various techniques to develop effective project cost estimates
Interpret and analyze cost and schedule performance
Identify and manage cost and schedule changes
Learn about Compliance Audit and its preparation
M-1: Scope Planning
M-2: Project Cost Management
M-3: Schedule Management
M-4: The Project Baseline
M-5: Monitoring Cost and Schedule Performance
M-6: Controlling Cost and Schedule Performance
M-7: Closing Project Cost and Schedule
The triple constraints of project management – scope, time/schedule, and cost/budget – are the focus of this intensive course. Mastering the art of planning is a key to controlling these constraints. Using facilitated discussion, complex case studies, hands-on exercises, and problem analysis, this course emphasizes the key elements of the project plan – the project work breakdown structure (WBS), project cost estimates and budgets, project schedules, and resource assignment tools. Participants will learn valuable techniques to set plan expectations with key stakeholders, kick off the execution work, and monitor and control project performance (using earned value management practices).
The Project Baseline
• Describe the importance of the project baseline
• Identify components of a project baseline
• Explain the process of establishing the project baseline
• Describe methods of communicating the project baseline with stakeholders
Monitoring Cost and Schedule Performance
• Identify various approaches to monitoring project cost and schedule baselines
• Recognize the effectiveness of various techniques for monitoring project performance
• Recognize key terms and concepts related to earned value management
• Calculate point-in-time performance data such as cost variance (CV), schedule variance (SV), cost performance index (CPI), and schedule performance index (SPI)
• Calculate forecasts of performance using earned value algorithms such as estimate at completion (EAC) and estimate to completion (ETC)
Controlling Cost and Schedule Performance
• Recognize key activities for cost and schedule control
• Identify effective techniques for managing resource variation
• Identify the activities and results of duration compression techniques – crashing and
fast-tracking
• Identify the elements of change control and configuration management
• Apply the change control system step
Closing Project Cost and Schedule
• Describe the benefits of the project cost and schedule “close-out” process
• Describe the value realization process
• Identify tools for capturing lessons learned
• Identify cost and schedule course lessons learned
| Enrollment Closes | 19/Feb/2023 GMT |
| Live Chat | Enabled |
| Fee | Free |
