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.
At the end of this course the participants will be able to:
Maintain continuous project performance and delivery control
Accurately estimate and allocate project costs and resources
Measure, forecast, and control project performance by employing earned value techniques
Compressor accelerate the schedule when required by adverse circumstances
Manage and mitigate schedule, cost, scope, and resource risks associated with the project
Develop a line of balance schedules and velocity diagrams for repetitive or recurring work
Benefit from the financial effects of the learning curve on recurring work
Develop a project recovery plan for budget and schedule overruns
Produce clear and concise project progress reports
Prepare budget estimates that will enable the owner-organization to make informed decisions as to the feasibility of a potential project
Compare the costs of alternative strategies or technical approaches to ensure the most economical project at the desired level of quality
Structure of the contract compensation arrangement to provide the highest level of incentives to complete the project on schedule and within the determined budget
Keep accurate control of the progressive budgeting process based on the various stages of design
Prepare accurate budget estimates through the programming phase, the schematic design phase, and finally the design development phase
Understanding the most appropriate contracting structure to ensure the desired project results
Apply proper risk analysis to effectively mitigate risks at minimal costs, and to determine appropriate contingencies for residual risks
Obtain the skills required to prepare and manage the bidding process
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
Scope Planning
Work Breakdown Structures (WBS)
Work Packages
Statement of Work (SOW) - Technical Baseline
Scope Execution Plan
Triple Constraints - Time, Cost, Scope
Project Quality Issues
Project Risk Analysis
Project Deliverables
Resource Requirements
Precedence Network Diagramming
Job Logic Relationship Chart
Critical Path Analysis
Project Float Analysis
Lead and Lag Scheduling
Activity Duration Estimation
Milestone Charts
Gantt Chart - Schedule Baseline
Project Estimating Processes
Production and Productivity Planning
Management of Resources
Planning and Scheduling Limited Resources
Resource Allocation Algorithms for Resource Prioritisation
Solving Resource Contention
Resource Levelling when Project Duration is Fixed
The Brooks Method of Resource Allocation
Increasing the Workforce
Solving Interruptions to the Schedule
Scheduling Overtime
Circumstances Requiring Project Acceleration
Time-Cost-Scope Trade-off
Project Time Reduction
Direct Project Costs
Indirect Project Costs
Options for Accelerating the Schedule
Crashing the Schedule - How?
Pre-Accelerated Schedule
Developing a Crash Cost Table
Acceleration in Practice
The Optimal Acceleration Point
Gantt Chart for Accelerated Schedule
Network Activity Risk Profiles
Additional Considerations
Multiple Critical Paths
Project Cost Reduction
Program Evaluation and Review Technique (PERT)
Path Convergence Analysis
Solving the Path Convergence Problem
Network Risk Profile Types
Normal Distribution
PERT, Probability and Standard Deviation Formulae
Calculating the Standard Deviation
Standard Deviation for Critical Path
Z-Values: The Probability of Project Completion at a Required Date
True Critical Path
Network Activity Risk Profiles
Preparing a Line of Balance Schedule
Velocity Diagrams and Linear Scheduling
Velocity Diagram Production Rate Calculations
Linear Sequence of Activities as a Series of Velocity Diagrams
Balancing the Schedule
Calculations for a Line of Balance Schedule
Line of Balance Formulae
Target Units per Week
Determining Crew Size
Actual Rate of Output
Time to Complete One Activity
Elapsed Time for Recurring Activity
The slope of Line from Activity Start to Activity Finish
Balanced Project Schedule without Buffers (Finish-Start)
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