Projects, regardless of their scope of work, follow a number of principles in their management. The management of development projects may affect the livelihood of many people in need. Therefore, it has to be delivered effectively and efficiently. This course is a guide in this process. It will introduce participants to the project management stages, and will open their eyes to tiny little aspects they might not be aware of.
The environment of current business requires an increased focus on practices and skills in planning projects and work, properly organizing tasks, and one’s work to improve productivity and delegating work to empowered staff. Businesses and indeed, all organizations, find themselves needing more productive methods of planning, more appropriate goals, and effective means of accomplishing work. A focus on using productive best practices allows for effective and efficient management of work and making changes in the organization. This course is designed to give participants an understanding of several management methods, processes, and procedures, as well as practice on several key management techniques. The principles used are easily adjusted to an organization’s or individual’s work assignments. The conference presents a methodology of common, standard management techniques using a simple theoretical foundation and enhances learning with practical activities so participants can develop knowledge and skill to manage more effectively and efficiently.
The late delivery of projects has become the scourge of project professionals worldwide. Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization's financial and strategic objectives, often with sizable increases in costs and with substantial financial losses to the organization. Why? This is due mainly to the failure of many project professionals to successfully apply the tools and techniques of modern project planning, scheduling, and control to their projects. Likewise, the development of reliable cost estimates during the design and early conceptual stages of a proposed project is of critical importance to the success of the project. The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them. In addition to the potential financial losses suffered by the organization, many such projects subsequently fail to deliver the required quality of outcomes intended for the project as a direct consequence of poor estimating. Budgeting inaccuracies inevitably result in lower quality workmanship and materials. The estimating techniques and processes covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on budget estimates, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts, and performing lump sum and unit-price estimates. This course will significantly enhance the skills and knowledge of delegates and improve their ability to properly plan and schedule their projects, as well as perform estimates at both the conceptual and detailed levels, and to compare feasible alternatives quickly and efficiently.
The overall aim of this course is to prepare participants for the Project Management Professional (PMP) certification by discussing the exam's requirements and analyzing the format of its questions. Participants will get the opportunity to practice many similar exam questions. The course also aims at assisting participants in understanding the new structure of the PMP exam in addressing the people, process, and business environment domains
Organizations that are project-driven are faced with the challenge of effective management of inter-dependent, varied priority, varied value, multi-players, shared-resources, short and long term, multiple-accountability, shared-authority, variable risk level, and dynamic projects. Therefore, it is not enough to deliver get projects. Leaders are now focusing on the effectiveness of whole organizations, and the delivery of a web of changing and interacting projects to achieve the aims of their organizations. This calls for a systematic management approach for the successful delivery of those projects.
Project Management, when you execute a large project, it is generally divided in five phases: Project Initiation, Project Planning, Project Execution, Project Monitoring and Controlling, and Project Closure. Recovery stratragy , commonly used in credit risk management, refers to the amount recovered when a loan defaults.
Earned Value Management (EVM) is a project planning and control approach that provides cost and schedule performance measurements. It compares the actual accomplishment of scheduled work and associated costs against an integrated schedule and budget plan. Its benefits include visibility into the actual progress of the project work against the budget, projections of anticipated project schedule and cost trends, and the ability to take timely corrective actions for undesired variances. EVM is considered one of the most potent and productive concepts utilized in managing today’s complex projects in private, commercial, or government environments.
This course is for experienced project managers to examine advanced project and program management techniques, building on the basics to help ensure success even for large and risky projects and programs. This program stresses project management processes as an integral part of organizational culture and what senior management must do to support it and make it successful within an organization. Project scope management and stakeholder analysis work continues to improve across the project and program management discipline. Learn the newest tools and technologies for handling stakeholders, and building quality into your project. Learn the newest concepts and techniques for project planning, estimating, and scheduling. Discover how queuing theory, the Theory of Constraints (Critical Chain Project Management), and other advanced concepts can help you develop solid, reliable, efficient, and effective project plans. Continue your development with advanced program risk and uncertainty analysis. Learn strategies for handling uncertainty, discover the network effects of project risks, and discover advanced methods for identifying and qualifying project and program risks
This course is designed for project planning engineers, project cost estimators, project designers, project planners and schedulers, contract professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for project proposals in client and contracting companies. Delegates will develop advanced project management planning, performance and control, and management skills and knowledge through formal and interactive learning methods. The program includes individual exercises, team projects, applicable case studies, group discussions, and video material that bring to life the skills acquired throughout the course. The material has been designed to enable delegates to apply all of the material with immediate effect at the office. Additionally, the seminar does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project risk management.