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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
    1. Enterprise Environment Factors
    2. Organizational Process Assets
    3. Project Scope Statement
    4. WBS and WBS Dictionary
    5. Project Management Plan
    6. Decomposition
    7. Templates
    8. Rolling Wave Planning
    9. Expert Judgment
    10. Planning Component
    11. Activity and Milestone Lists
    12. Activity Attributes
    13. Requested Changes
  • Chapter 3: Activity Sequencing
    1. Project Scope Statement
    2. Activity and Milestone Lists
    3. Activity Attributes
    4. Approved Change Requests
    5. Precedence Diagramming Method
    6. Arrow Diagramming Method
    7. Schedule Network Templates
    8. Dependency Determination
    9. Applying Leads and Lags
    10. Project Schedule Network Diagrams
    11. Activity List and Attributes
    12. Requested Changes
  • Chapter 4: Activity Resource Estimating
    1. Enterprise Environmental Factors
    2. Organizational Process Assets
    3. Activity List and Attributes
    4. Resource Availability
    5. Project Management Plan
    6. Expert Judgement
    7. Alternative Analysis
    8. Published Estimating Data
    9. Project Management Software
    10. Bottom-up Estimating
    11. Resource Requirements
    12. Activity Attributes (Updates)
    13. Resource Breakdown Structure
    14. Resource Calendar (Updates)
    15. Requested Changes
  • Chapter 5: Activity Duration Estimating
    1. Enterprise Environmental Factors
    2. Organizational Process Assets
    3. Project Scope Statement
    4. Activity List
    5. Activity Attributes and Resource Requirements
    6. Resource Calendar
    7. Project Management Plan
    8. Expert Judgement
    9. Analogous Estimating
    10. Parametric Estimating
    11. Three-Point Estimates
    12. Reserve Analysis
    13. Activity Duration Estimates
    14. Activity Attributes (Updates)
  • Chapter 6: Schedule Development
    1. Organizational Process Assets
    2. Project Scope Statement
    3. Activity List and Attributes
    4. Project Schedule Network Diagrams
    5. Activity Resource Requirements
    6. Resource Calendars
    7. Activity Duration Estimates
    8. Project Management Plan
    9. Schedule Network Analysis
    10. Critical Path Method
    11. Schedule Compression
    12. What-If Scenario Analysis
    13. Resource Leveling
    14. Critical Chain Method
    15. Project Management Software
    16. Applying Calendars
    17. Adjusting Leads and Lags
    18. Schedule Model
    19. Project Schedule
    20. Schedule Model Data
    21. Schedule Baseline
    22. Resource Requirements (Updates)
    23. Activity Attributes (Updates)
    24. Project Calendar (Updates)
    25. Requested Changes
    26. Project Management Plan (Updates)
  • Chapter 7: Schedule Control
    1. Schedule Management Plan
    2. Schedule Baseline
    3. Performance Reports
    4. Approved Change Requests
    5. Progress Reporting
    6. Schedule Change Control System
    7. Performance Measurement
    8. Project Management Software
    9. Variance Analysis
    10. Schedule Comparison Bar Charts
    11. Schedule Model Data
    12. Schedule Baseline (Updates)
    13. Performance Measurements
    14. Requested Changes
    15. Recommended Corrective Actions
    16. Organization Process Assets (Updates)
    17. Activity List (Updates)
    18. Activity Attributes (Updates)
    19. Project Management Plan (Updates)
  • Chapter 8: Project Cost Management
  • Chapter 9: Cost Estimating
    1. Enterprise Environmental Factors
    2. Organizational Process Assets
    3. Project Scope Statement
    4. WBS and WBS Dictionary
    5. Project, Schedule and Staffing Management Plan
    6. Risk Register
    7. Analogous Estimating
    8. Determine Resource Cost Rates
    9. Bottom-up Estimating
    10. Parametric Estimating
    11. Project Management Software
    12. Vendor Bid Analysis
    13. Reserve Analysis
    14. Cost of Quality
    15. Activity Cost Estimates
    16. Activity Cost Estimate Supporting Detail
    17. Requested Changes
    18. CMP (Updates)
  • Chapter 10: Cost Budgeting
    1. Project Scope Statement
    2. WBS and WBS Dictionary
    3. Activity Cost Estimates
    4. Activity Cost Estimate Supporting Detail
    5. Project Schedule
    6. Resource Calendars
    7. Contract
    8. Cost Management Plan
    9. Cost Aggregation
    10. Reserve Analysis
    11. Parametric Estimating
    12. Funding Limit Reconciliation
    13. Cost Baseline
    14. Project Funding Requirements
    15. Cost Management Plan (Updates)
    16. Requested Changes
  • Chapter 11: Cost Control
    1. Cost Baseline
    2. Project Funding Requirements
    3. Performance Reports
    4. Work Performance Information
    5. Approved Change Requests
    6. Project Management Plan
    7. Cost Change Control System
    8. Performance Measurement Analysis
    9. Earned Value Analysis
    10. Variance Analysis
    11. Forecasting
    12. Project Performance Reviews
    13. Project Management Software
    14. Variance Management
    15. Cost Estimates (Updates)
    16. Cost Baseline (Updates)
    17. Performance Measurements
    18. Forecasted Completion
    19. Requested Changes
    20. Recommended Corrective Actions
    21. Organization Process Assets (Updates)
    22. Project Management Plan (Updates)