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 conference 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.
Integrate scope, time, resources, and cost management into a dynamic, manageable plan
Develop project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks
Maintain continuous project performance and delivery control
Measure, forecast, and control project performance by employing earned value techniques
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
Prepare lump-sum, unit-price, cost plus, and time-and-materials estimates and contracts
Project Managers
Project Cost Estimators
Cost Controllers
Project Planners
Contract Professionals
Project Procurement Staff
Individuals who are interested in Project Initiation, Project Estimating and Budgeting, and Development
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
Resource and Cost Allocation
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
Application: Estimating Project Duration
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
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)
The world is packed with information; and most organizations struggle to recognize what information they have, why they need it, how long they need it for, and if it has any value. Furthermore, changes in the law, such as the recent changes in the UAE employment law, often call for tighter controls on contract documentation, and lead to a need for enhanced management of human resource and contract records. In addition, electronic information is under threat from cyber-attack and personal information is at risk of exposure. As such, the development and implementation of a records management program that includes document control methods to identify, secure, and protect critical information, is necessary for every organization.
The world is packed with information; and most organizations struggle to recognize what information they have, why they need it, how long they need it for, and if it has any value. Furthermore, changes in the law, such as the recent changes in the UAE employment law, often call for tighter controls on contract documentation, and lead to a need for enhanced management of human resource and contract records. In addition, electronic information is under threat from cyber-attack and personal information is at risk of exposure. As such, the development and implementation of a records management program that includes document control methods to identify, secure, and protect critical information, is necessary for every organization.
Organizations typically start using electronic document management systems to transform paper-based operations after reaching an internal tipping point in which customer response times become too slow, departments don’t have enough bandwidth to solve recurring process bottlenecks, paper archiving becomes too costly or large-scale regulatory risks are exposed during a data breach or compliance fines.
For organizations that have defined but resource-intensive business processes, EDMS is an ideal fit. Document management helps organizations across industries sidestep this busy work entirely by eliminating manual document maintenance, reclaiming valuable staff time, and boosting the bottom-line.
It is universally recognized that for any company to succeed it must take a proactive approach to risk management. Over the last few years, Companies and several countries legislators have been focusing on Process Safety as a method to reduce the risks posed by hazardous industries. Process Hazard Analysis (PHA) is recognized as being a critical tool in the implementation of a successful risk management system
The level of competition in current business environments requires a focus on practices that assist in the management of personal and workgroup tasks, priorities, and projects. All types of organizations need to find more productive means to offer their products and/or services, so goals are established and tasks assigned to better meet customer and stakeholder needs. A focus on the use of productive practices allows for effective and efficient management of project work, establishing priorities and meeting deadlines, and is an important part of customer service.
Through training as a lead disaster recovery manager, you can gain the knowledge and skills required to assist a company in creating, administering, and executing a disaster recovery plan. You will learn about business continuity management's best practices for disaster recovery processes and ICT disaster recovery services throughout this training course.