Course Description
In this course, you gain a solid schedule and budget-management skills. You learn how to define the work and calculate a realistic critical path. You establish a budget baseline by allocating resources to tasks, aggregating project budgets and quantifying risk. By setting up Earned Value Analysis, you will be able to report on project status and forecast future
What Do Participants Learn?
- Create a realistic and robust project plan
- Estimate tasks and aggregate to the project level
- Calculate the critical path to determine project duration
- Determine total project costs
- Quantify risk to produce a defensible baseline
- Leverage best practices to significantly improve project outcomes
Who Should Attend?
- Managers
- Supervisors
- Executives
- Project and program managers new to budget estimation
- Anyone who is interested in Project management
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One
- Identifying key issues in successful scheduling
- Preparing realistic budgets
- Building a baseline you can live with
- Deriving information from a statement of scope and project constraints
- Seven rules for determining manageability
- Defining deliverables
- Contrasting deliverable orientation with other WBS types
- Determining required granularity
- Setting up control account points
Section Two
- PMI dependency types
- Mapping dependencies to relationship types
- Leveraging SME experience
- Putting tasks in order
- Determining lead and lag times
- Moving from the top down to bottom up
- Employing analogous and parametric techniques
- Utilizing simple in-house tools and templates
- Taking advantage of commercially available software
Section Three
- Determining a three-point estimate
- Building confidence into your numbers
- Performing forward and backward passes
- Identifying float/slack time
- Working with the Cost Breakdown Structure
- Rebuilding the WBS and a CBS using company cost codes
- Determining activity-level direct, indirect and other costs
- Aggregating tasks up to total individual costs
Section Four
- Ratifying the granularity of estimates
- Determining the total project costs
- Managing the team’s estimation process
- Conforming to accuracy requirements
- Establishing the project duration and end date
- Representing relative durations of activities graphically using a Gantt chart
- Establishing the project duration and end date
- Representing relative durations of activities graphically using a Gantt chart
Section Five
- Assessing probability
- Establishing the monetary value of the impact
- Prioritizing risk using a Pareto analysis
- Locating and controlling contingency
- Developing a mitigation plan
- Declaring and revalidating project value
- Defending your project plan
- Demonstrating variance between planned and actual values
- Forecasting project outcomes