Project Time and Cost Management
Revision: TE2704_20060318
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Course Length:
2.5 Days
Course Description:
The goal of this workshop course is to develop skills required to effectively manage the schedule and budget of a project. As part of the Triple Constraints, the schedule and budget of a project (and the management thereof) are Key Performance Indicators regarding the success of any project. This course will enable the participants to hone the skills necessary to effectively manage the schedule and budget of a project.
Who Should Attend:
All managers, team leaders, and others who work with project teams will benefit from this course.
Benefits of Attendance:
Upon completion of this course, students will be able to:
- Determine how to effectively define activities.
- Determine ways to effectively sequence activities.
- Determine how to effectively estimate resource requirements and estimate durations.
- Develop an effective schedule.
- Effectively utilize schedule controls to keep their projects on schedule.
- Effectively 'Crash' and 'Fast Track' their projects to meet time and cost requirements.
- Determine how to estimate costs.
- Determine how to effectively budget for project costs.
- Effectively control the costs of a project.
- Influence future project activities to meet project goals.
Prerequisites:
Students should have taken the Project Management Overview and Project Scope and Requirements Management courses.
Course Outline:
- Chapter 1: Project Time Management
- Chapter 2: Activity Definition
- Enterprise Environment Factors
- Organizational Process Assets
- Project Scope Statement
- WBS and WBS Dictionary
- Project Management Plan
- Decomposition
- Templates
- Rolling Wave Planning
- Expert Judgment
- Planning Component
- Activity and Milestone Lists
- Activity Attributes
- Requested Changes
- Chapter 3: Activity Sequencing
- Project Scope Statement
- Activity and Milestone Lists
- Activity Attributes
- Approved Change Requests
- Precedence Diagramming Method
- Arrow Diagramming Method
- Schedule Network Templates
- Dependency Determination
- Applying Leads and Lags
- Project Schedule Network Diagrams
- Activity List and Attributes
- Requested Changes
- Chapter 4: Activity Resource Estimating
- Enterprise Environmental Factors
- Organizational Process Assets
- Activity List and Attributes
- Resource Availability
- Project Management Plan
- Expert Judgement
- Alternative Analysis
- Published Estimating Data
- Project Management Software
- Bottom-up Estimating
- Resource Requirements
- Activity Attributes (Updates)
- Resource Breakdown Structure
- Resource Calendar (Updates)
- Requested Changes
- Chapter 5: Activity Duration Estimating
- Enterprise Environmental Factors
- Organizational Process Assets
- Project Scope Statement
- Activity List
- Activity Attributes and Resource Requirements
- Resource Calendar
- Project Management Plan
- Expert Judgement
- Analogous Estimating
- Parametric Estimating
- Three-Point Estimates
- Reserve Analysis
- Activity Duration Estimates
- Activity Attributes (Updates)
- Chapter 6: Schedule Development
- Organizational Process Assets
- Project Scope Statement
- Activity List and Attributes
- Project Schedule Network Diagrams
- Activity Resource Requirements
- Resource Calendars
- Activity Duration Estimates
- Project Management Plan
- Schedule Network Analysis
- Critical Path Method
- Schedule Compression
- What-If Scenario Analysis
- Resource Leveling
- Critical Chain Method
- Project Management Software
- Applying Calendars
- Adjusting Leads and Lags
- Schedule Model
- Project Schedule
- Schedule Model Data
- Schedule Baseline
- Resource Requirements (Updates)
- Activity Attributes (Updates)
- Project Calendar (Updates)
- Requested Changes
- Project Management Plan (Updates)
- Chapter 7: Schedule Control
- Schedule Management Plan
- Schedule Baseline
- Performance Reports
- Approved Change Requests
- Progress Reporting
- Schedule Change Control System
- Performance Measurement
- Project Management Software
- Variance Analysis
- Schedule Comparison Bar Charts
- Schedule Model Data
- Schedule Baseline (Updates)
- Performance Measurements
- Requested Changes
- Recommended Corrective Actions
- Organization Process Assets (Updates)
- Activity List (Updates)
- Activity Attributes (Updates)
- Project Management Plan (Updates)
- Chapter 8: Project Cost Management
- Chapter 9: Cost Estimating
- Enterprise Environmental Factors
- Organizational Process Assets
- Project Scope Statement
- WBS and WBS Dictionary
- Project, Schedule and Staffing Management Plan
- Risk Register
- Analogous Estimating
- Determine Resource Cost Rates
- Bottom-up Estimating
- Parametric Estimating
- Project Management Software
- Vendor Bid Analysis
- Reserve Analysis
- Cost of Quality
- Activity Cost Estimates
- Activity Cost Estimate Supporting Detail
- Requested Changes
- CMP (Updates)
- Chapter 10: Cost Budgeting
- Project Scope Statement
- WBS and WBS Dictionary
- Activity Cost Estimates
- Activity Cost Estimate Supporting Detail
- Project Schedule
- Resource Calendars
- Contract
- Cost Management Plan
- Cost Aggregation
- Reserve Analysis
- Parametric Estimating
- Funding Limit Reconciliation
- Cost Baseline
- Project Funding Requirements
- Cost Management Plan (Updates)
- Requested Changes
- Chapter 11: Cost Control
- Cost Baseline
- Project Funding Requirements
- Performance Reports
- Work Performance Information
- Approved Change Requests
- Project Management Plan
- Cost Change Control System
- Performance Measurement Analysis
- Earned Value Analysis
- Variance Analysis
- Forecasting
- Project Performance Reviews
- Project Management Software
- Variance Management
- Cost Estimates (Updates)
- Cost Baseline (Updates)
- Performance Measurements
- Forecasted Completion
- Requested Changes
- Recommended Corrective Actions
- Organization Process Assets (Updates)
- Project Management Plan (Updates)