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Course Information
Course Name
Project Schedule and Cost Management
Duration
2 Days
Overview
Audience Profile
Prerequisities
At Course Completion
Course Outline
Overview
This course is intended for executives in technical and non-technical work areas, who need to acquire working knowledge and skill in schedule and cost planning, monitoring or tracking, measuring the implementation of client’s projects (for both generic, engineering, and IT specific projects). Their participation through an action-learning methodology will facilitate an immediate transfer of such competency to workplace.
This course is carefully designed to provide the best mix of experience, theory and practice in an adult learning environment. Formal presentations are used mainly to introduce key concepts and significant elements of project management. Emphasis is on practical applications through “hands on” action learning.
A high level of participation and team involvement is required. Maximum opportunities will be given to participants to inject their own examples and issues into the course and continually relate the material to their own contexts. Scenarios of project stakeholder conflicts, and ways to resolve them are taught; including project problem-solving
and decision-making techniques.
Participants are encouraged to bring their projects to the session. The appreciation of project management software and techniques will be used to help participants better understand project schedule and cost management concepts; reflecting on their current project practices and knowing how to improve them. Ample case studies, examples and interactive individual/group exercises are provided.
Overview
Overview
This course is intended for executives in technical and non-technical work areas, who need to acquire working knowledge and skill in schedule and cost planning, monitoring or tracking, measuring the implementation of client’s projects (for both generic, engineering, and IT specific projects). Their participation through an action-learning methodology will facilitate an immediate transfer of such competency to workplace.
This course is carefully designed to provide the best mix of experience, theory and practice in an adult learning environment. Formal presentations are used mainly to introduce key concepts and significant elements of project management. Emphasis is on practical applications through “hands on” action learning.
A high level of participation and team involvement is required. Maximum opportunities will be given to participants to inject their own examples and issues into the course and continually relate the material to their own contexts. Scenarios of project stakeholder conflicts, and ways to resolve them are taught; including project problem-solving
and decision-making techniques.
Participants are encouraged to bring their projects to the session. The appreciation of project management software and techniques will be used to help participants better understand project schedule and cost management concepts; reflecting on their current project practices and knowing how to improve them. Ample case studies, examples and interactive individual/group exercises are provided.
Audience Profile
Audience Profile
Executives who are directly involved in planning, estimating, scheduling, monitoring (tracking), and measuring, and reporting the implementation progress of projects. Examples, case studies and templates are provided.
Prerequisities
At Course Completion
At Course Completion
Upon completing this course, you will be able to:
- Have a comprehensive understanding of the various processes of project schedule and cost
management. - Evaluate risk management planning of project schedule and cost risks.
- Determine task/project durations, and costs.
- Determine which task(s) has overwhelming influence in project duration and costs.
- Track project progress and making project reports.
- Have a working set of project management tools and techniques for monitoring project progess –
appreciate the use of MS Project for planning, scheduling, costing, and tracking project progress.
Course Outline
Course Outline
Day 1 Module 1: Work breakdown structure (WBS).
- Activity: constructing a WBS.
Day 1 Module 2: Work task listing.
- Activity: constructing a work task list.
Day 1 Module 3: Work sequencing and scheduling (Network diagram, Gantt & milestone diagram).
- Activity: constructing a Gantt chart and a milestone chart of a project.
Day 1 Module 4: Understanding the Critical Path Method.
- Network logic analysis – earliest start and end times, latest start and end times, and
float.
Day 2 Module 1: Establishing baselines.
- Resource listing – human, material, facility, equipment, etc.
- Identifying controllable costs – direct and indirect costs.
- Activity: creating a resource list.
Day 2 Module 2: Using bottom-up estimates for scheduling and cost control.
- Using bottom-up estimates for scheduling and cost control.
Day 2 Module 3: Time-phased distribution of costs
- Cumulative cost curve (S-curve).
Day 3 Module 1: Project risk management
Planning for risk with contingency (risk management plan and risk management strategies).
- Tracking project schedule progress using Gantt Chart.
- Activity: Using project management software to track project progress.
- Activity: Gantt Chart and project progress.
Day 4 Module 1:Tracking project cost progress using Excel
Tracking project cost progress using Excel.
Day 4 Module 2: Controlling and reporting project schedule and cost techniques
Controlling and reporting project schedule and cost techniques using Earned Value Management.
