PROJECT SCHEDULING AND COST PLANNING SKILLS

INTRODUCTION

This Project Management training course focuses on how to deliver comprehensive reliable plans with time and cost estimates that gives the owner or sponsor of projects, high levels of confidence for project delivery. In addition, the plans need to be realistic with a full view of any risks faced during and after the project lifecycle.

The decision to proceed with a project is based on early, high level conceptual estimates. However, these can be wide ranging and therefore more detailed estimates need to provide the basis for the cash flow projections and schedule forecasts.

COURSE OBJECTIVES

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

• Confidently estimate project timescales and costs with appropriate resource management plans
• Identify, assess and manage schedule, cost, scope and resource risks
• Understand project performance and control
• Measure, forecast and control project performance by employing earned value techniques
• Develop a project recovery plan for budget and schedule overruns

DURATION

5 Days

WHO SHOULD ATTEND

This training course is suitable to a wide range of professionals but will greatly benefit:

• Those who have a project role such as project managers, cost estimators, project schedulers, project designers, project planner, contract professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
• Senior managers who want to understand best practice in project management
• Those who are interested in knowing more about estimation and control in a project environment

COURSE CONTENT

Day One: Project Estimating Basics

• Basic project management definitions
• Triple constraints – Time, Cost, Scope
• Project selection methods
• Defining project scope
• Cost & schedule estimation, cost budgeting & control
• Project schedule management using the Critical Path Method

 Day Two: Developing Project Budget & Schedule Control

• Resource requirements
• Direct & indirect project costs
• Planning and scheduling limited resources
• Options for accelerating the schedule
• Crashing the schedule - How?

 Day Three: Managing the Risk

• Risk identification, analysis & management
• Contingency reserve
• PERT, probability and standard deviation formulae
• Network activity risk profiles
• Application: Estimating project duration
• Project risk strategies

Day Four: Measuring Project Performance

• Critical chain analysis and use of buffers
• Comparison of unbalanced with balanced schedules
• Measuring planned progress on schedule
• Risk distribution in contracting
• Actual progress and work conditions
• Managing variable conditions

 Day Five: Managing and Recovering Project Estimates

• Schedule variances & cost variances
• Progress control charts -trend analysis
• Schedule and cost variance forecasting
• Schedule and cost recovery analysis
• Schedule and cost recovery plan
• Project recovery baselines and controls

General Notes

·         All our courses can be Tailor-made to participants needs

·         The participant must be conversant with English

·          Presentations are well guided, practical exercises, web-based tutorials, and group work. Our facilitators are experts with more than 10years of experience

·          Upon completion of training, the participant will be issued with a Global King Project Management certificate

·         Training will be done at the Global King Project Management Centers (Nairobi Kenya, Mombasa Kenya, Kigali Rwanda, Dubai ,Lagos  Nigeria and More others).

·         A discount of 20% will be given to more than 4 participants from same organization.

·         Course duration is flexible and the contents can be modified to fit any number of days.      

·         Payment should be done before commencement of the training, to the Global King Project Management account, so as to enable us to prepare better for you.

·         For any inquiry to:  [email protected] or +254 114 830 889

·         Website: www.globalkingprojectmanagement.org

·         Tablet and Laptops are provided to participants on request as an add-on cost to the training fee

·          The course fee for onsite training includes facilitation training materials, 2 coffee breaks, a buffet lunch, and a Certificate of successful completion of Training. Participants will be responsible for their own travel expenses and arrangements, airport transfers, visa application dinners, health/accident insurance, and other personal expenses.