Project management is a performing art. It gets results that the unstructured approach won’t achieve. The project plan includes cost and schedule management. Actual performance can be compared to these plans to determine how well the project is progressing or finished The purpose of this course is to provide project managers the tools and techniques for project scheduling and cost control.
EXPECTED ACCOMPLISHMENTS
- Use the work breakdown structure to develop a network diagram
- Calculate schedules using PERT/CPM
- Identify, assign, and tabulate resource requirements
- Predict costs and work time using specific levels and estimate types
- Plan for contingencies and anticipate variations
- Predict future project performance based on historical data
- Monitor changes and close out projects on schedule
TARGET AUDIENCE
Project managers, project team members, functional managers, and procurement officers
COURSE DETAILS
Introduction
- Critical project relationships
- Project constraints
Schedule Management
- Creating the schedule management plan
- Defining activities
- Diagramming methods
- PMIS
- Schedule estimation
- CPM and PERT
- Critical chain method
- Network diagrams and Gantt chart
- Schedule baseline
Cost Management
- Fixed and variable cost
- Sunk costs
- Depreciation
- Cost estimation techniques
- Cost and Price breakdown
- Cost buffers
- Cost baseline
- Cost performance and projections
- Cost control