Project Scope and Requirements Management

Managers and customers expect to get value for money. A significant number of projects have been canceled or are seen as a failure because they ran too far over budget. This five-day program will present the participants with straightforward approaches to developing a cost baseline and setting up a cost tracking system so that the budget is well managed during the project’s life cycle.

 

At the end of this conference the participants will be able to:

 

  • Understand the benefits of good project cost control for successful project outcomes
  • Use best practice to minimize costs and negative impacts
  • Describe a typical project cost management lifecycle
  • Explain the action required at each phase of the project cost management lifecycle and understand the significance of each phase
  • List the key attributes of the cost necessary to understand and manage cost-effectively
  • Explain the key steps required to improve project estimates, budget and cost baselining, performance measurement and analysis, cost monitoring and control during project execution, and interpreting and reporting project performance throughout a technical project lifecycle
  • Specify key quantitative measures for determining the project performance using Earned Value Management (EVM)
  • Provide meaningful project progress reports using EVM together with forecasts of likely outcomes and management options to correct where necessary
  • Estimate cost techniques, including the Work Breakdown Structure, Work Packages, and risk management considerations
  • Learn about the S-curves for risk and cost estimates

 

  • Project Managers
  • Members of Project Offices
  • Project Sponsors
  • Individuals interested in project management

 

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