Complete Project Management, Planning, Scheduling and Cost Control (Preparing for PMP)

Introduction

The overall aim of this course is to provide participants with the knowledge and skills needed to perform in-depth analysis for a project during the planning and implementation phases. Participants in this interactive course will learn all the critical tools and techniques required to make decisions that optimize the successful execution of a project in a dynamic environment. This training course examines advanced project management tools and techniques, building on the basics, to help ensure success for medium to large and complex projects. Project management processes are examined in detail, with the advanced thought process, and includes, as stakeholders, what senior management must do within an organization, to support projects and enable successful delivery? This training course aligns with the Project Management Institute’s (PMI®) Project Management Body of Knowledge (PMBOK®)

Participants will develop the following competencies:

• Project Initiation and start-up, including roles and responsibilities
• Project scope management in order to build quality into project plans
• Project planning and estimating, including resource and costs
• Critical path and critical chain methodologies to enhance scheduling thought process, and the development of solid, reliable, efficient, and effective project plans
• Stakeholder identification and analysis, with strategies for engaging different types of stakeholders
• Advanced project risk and uncertainty analysis. Strategies for handling uncertainty, and applying advanced methods for applying a project management risk process

Objectives

By the end of the course, participants will be able to:

• Define project management frameworks, processes, and tools in compliance with the Project Management Institute (PMI) standards
• Apply different techniques that will assist in the project selection process
• Construct project diagrams, schedules, and plans and use different techniques to perform an in-depth analysis of project schedules and plans
• Identify different methods for cost estimating and project budgeting
• Manage time and cost deviations through applying 'earned value analysis'
• Employ risk management plans and apply risk response strategies to ensure successful implementation of the project
• Develop program management plans in compliance with PMI standards

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

Personnel who are seeking in-depth knowledge of creating and managing project plans. The course is also designed to provide comprehensive-time, cost, and risk analysis as well as several techniques used to regain control over projects. We are assigned as a Registered Educational Provider (REP) with the Project Management Institute (PMI®). This course is worth 30 Professional Development Units (PDUs).

Course Outline

      Overview of project management

• Defining project management terminologies
• Project management benefits
• Triple constraints
• Project life cycle
• Project stakeholders
• Effect of organizational structure

      Project selection

• Project selection models
• Benefit-cost ratio
• Average Rate of Return (ARR)
• Payback period
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Decision trees

      Project planning and scheduling

• Project charter
• Project scope statement
• Building work breakdown structure
• Duration estimation
• Program Evaluation and Review Technique (PERT)
• Relationships between activities
• Network diagram
• Critical Path Method (CPM)
• Manipulating logic
• Resource allocation
• Resource leveling
• Duration acceleration

      Project budgeting

• Cost estimating techniques
• Cost baseline
• Project budget
• Slack management
• Compression by crashing

      Project control

• Variance analysis
• Earned value
• Managing deviations
• Key performance indicators
• Dashboards and scorecards

      Project risk management

• Project risk identification
• Qualitative risk analysis
• Quantitative risk analysis
• Project risk response planning
• Contingency and management reserves

      Program management

• Program life cycle
• Developing program work breakdown structure
• Developing a program schedule
• Developing program financial plan