Project Time and Cost Management

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