PROGRAM OBJECTIVES
At the end of the program, participants will be able to:
- Integrate key elements of project management.
- Advance project network diagrams to identify risks.
- Maintain ongoing control over project performance and delivery.
- Estimate, allocate, and manage project costs and resources effectively.
- Accelerate project schedules while mitigating risks.
- Develop effective recovery plans and detailed progress reports.
- Understand comprehensive structures for budgeting and contracting.
TARGET AUDIENCE
- Project Managers.
- Project Cost Estimators.
- Cost Controllers.
- Project Planners.
- Contract Professionals.
- Project Procurement Staff.
- Stakeholders involved in project management.
DAY 1: Planning & Defining Project Scope (Fundamentals)
- Scope Planning.
- Developing Work Breakdown Structures (WBS).
- Statement of Work (SOW) - Establishing Technical Baseline.
- Creating a Scope Execution Plan.
- Understanding Triple Constraints (Time, Cost, Scope) & Project Deliverables.
DAY 2: Scheduling Project & Critical Path Method
- Creating Precedence Network Diagrams.
- Conducting Critical Path Analysis.
- Managing Lead and Lag in Scheduling.
- Estimating Activity Durations.
- Developing Milestone Charts and Gantt Chart - Establishing Schedule Baseline.
DAY 3: Allocating Resources & Resource Levelling
- Resource Management Strategies.
- Addressing Resource Contention Issues.
- Performing Resource Levelling with Fixed Project Duration.
- Implementing the Brooks Method for Resource Allocation.
- Strategies for Workforce Expansion & Scheduling Overtime.
DAY 4: Speeding Up the Project Schedule
- Identifying Situations Necessitating Project Acceleration.
- Analysing Time-Cost-Scope Trade-offs.
- Understanding Direct Project Costs.
- Exploring Options for Schedule Acceleration & Pre-Accelerated Schedules.
- Creating a Gantt Chart for Accelerated Scheduling.
DAY 5: Developing Project Contingency Plans
- Utilising Program Evaluation and Review Technique (PERT).
- Identifying Types of Network Risk Profiles.
- Understanding Normal Distribution.
- Calculating Z-Values: Probability of Completing the Project by a Certain Date.
- Application: Estimating Project Duration.
DAY 6: Line of Balance Scheduling for Recurring Activities
- Constructing a Line of Balance Schedule.
- Performing Calculations for a Line of Balance Schedule.
- Utilising Velocity Diagrams and Linear Scheduling Techniques.
- Balancing the Project Schedule.
- Incorporating Buffers, Actual Progress, and Work Conditions.
DAY 7: Managing Project Execution, Control, and Reporting
- Tracking and Monitoring Project Progress.
- Conducting Earned Value Analysis & Reporting.
- Managing Project Costs Effectively.
- Analysing Schedule Variances.
- Overseeing Materials Management and Cost Control.
DAY 8: Developing Project Recovery Plans
- Conducting Project Variance Analysis and Quantification.
- Understanding Schedule Performance Index (SPI) & Cost Performance Index (CPI).
- Establishing Schedule and Cost Control Limits.
- Analysing Schedule and Cost Recovery Plans.
- Setting Project Recovery Baselines and Controls.
DAY 9: Fundamentals of Cost Estimation
- Understanding the Estimating Life Cycle & Programming Phase.
- Exploring Lump-Sum Contracts.
- Generating Rough Order of Magnitude Estimates (Broad Scope Estimates).
- Conducting Risk Analysis and Planning for Contingencies.
- Performing Quantity Take-Off.
DAY 10: Techniques for Broad Scope Cost Estimation
- Adjusting Project Costs for Broad Scope Estimates & Time Adjustments.
- Estimating Costs Utilising Learning Curve Effects.
- Calculating Project Unit Costs Using Standard Deviation.
- Performing PERT Project Cost Analysis and Economic Price Adjustments.
- Estimating Costs During the Design Phase & Programming Budget Estimates.
