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Project Estimating and Scheduling
…Creating Realistic and Practical Schedules and Budgets
Establishing realistic estimates and schedules for projects that
support business objectives and meet client expectations is one
of the most challenging aspects of project planning. Delivering
those results within the agreed upon time, cost and quality
constrains is also very challenging.
Unfortunately, even with the best of intentions, the project
schedule looses its practical purpose the moment it gets a
signoff. After this schedule is forgotten and it’s assumed that
“Real work and real project situation can never be captured in
the Project Schedule”. This is simply because Leaders and
Managers are not fully aware of how to use this tool to the
fullest extent while solving practical real time issues.
The goal of this course is to equip you with the necessary
knowledge, skills and techniques so that you can establish
realistic schedules and budgets for project that support
business objectives and meet client expectations and also
achieve professional nirvana.
Prerequisite
Basic understanding of project management
Course Level
Intermediate/Advanced
Duration
2 Days
Who should attend?
All project team members responsible for
creating, controlling and/or implementing baseline plans. Among
those who can benefit from this course includes:
- Project Managers, Program Managers, Project Leaders,
Manager of Resources
- All project team members who participate in
creating, implementing and/or controlling project schedules
Performance Focus
- Developing realistic schedules and cost estimates
- Leveraging the most appropriate tools and techniques for
stabling these realistic
- Using the baseline and additional tools and techniques
to effectively control project performance
What You Will Learn
- Use the work breakdown structure (WBS) as the basic for
effective resourcing, estimating and scheduling on projects
- Estimate durations using a variety of techniques
- Develop and schedule projects using the critical path
method
- Implement effective adjustments to preliminary schedules
- Establish realistic schedule and cost baselines with
approximate risk plans
- Establish the value of and interpret reports using
Earned Value Management (EVM) to manage time and cost
performance on projects
Content
Basic Outline of the Course:
Foundation Concepts
Project management basic concepts
Project Management key driver: triple constraints
Project estimating and scheduling process overview
Project estimating and scheduling success factors
Project Definition and the Work
Breakdown Structure
Project definition overview
WBS concepts
Decomposition: technique for developing the WBS
Resource Planning
Resource planning overview
High-level resource planning: Requirements.
High-level resource planning: Finding and filling the gaps
Detailed resource planning: key tools
Duration Estimation
Estimating overview
Estimating perspectives
Estimating techniques (top-down, bottom-up)
Duration estimating best practices
Project Scheduling
Project scheduling overview
Dependencies and the Network Diagram
Schedule development via the Critical Path Method
Optimizing the schedule: activity-related techniques
Optimizing the schedule: resource-related techniques |
Budget, Risk and Contingency Planning
Overview the budget, risk and contingency planning
Project budget planning
Project risk planning
Project contingency planning
Critical Chain Approach
Critical Chain Approach
Resource Constrained Critical Path
Multi-Tasking
Negotiating Project Budgets And
Schedules
Negotiating - What is it?
Strategy Selection
Preparing to negotiate
Successful negotiation
Negotiating with functional managers
Project Baseline and Control
Baseline concepts
Importance of the baseline in project control
The project control process
Earned value management for schedule and budget analysis
Typical project variances and corrective action
Recap & Closing |
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