Course Description
Develop effective measures for scheduling and controlling projects as you put the tools of project management to work. In this course you’ll focus on managing the constraints you face in any project: limits on time, human resources, materials, budget and specifications. Discover proven ways to work within your identified constraints, without letting redefined limits curtail creativity or innovation.
From the opening morning, you’ll get hands-on experience, practicing your skills in building project requirements and the work breakdown structure. You’ll learn a sound, logical framework for scheduling and controlling project activities. And you’ll master techniques for estimating, forecasting, budgeting, monitoring, controlling, analyzing and reporting costs and interpreting the meaning of earned value data.
Individual and small-group exercises feature scenarios that help hone these skills, and a comprehensive toolkit provides practical field guidance. The course materials also include comprehensive reference materials specific to each unit of the course.
Discover a number of sophisticated tools and techniques that you can use to manage time and costs effectively on every type of project. This is one of the program’s most popular courses; classes fill up quickly, so register early.
Participants in this course will receive ESI’s Earned Valued Formula Finder, which puts the information you need to determine cost, schedule, estimate at completion and estimate to complete values for your projects right at your fingertips.
Agenda
Learn How To:
Use the work breakdown structure to develop a network diagram
Calculate schedules using PERT/CPM
Identify, assign, and tabulate resource requirements
Predict costs and work time using specific levels and estimate types
Plan for contingencies and anticipate variations
Predict future project performance based on historical data
Monitor changes and close out projects on time
Course Synopsis
Develop effective measures for scheduling and controlling projects as you put the tools of project management to work. In this course you’ll focus on managing the constraints you face in any project: limits on time, human resources, materials, budget and specifications. Discover proven ways to work within your identified constraints, without letting redefined limits curtail creativity or innovation.
From the opening morning, you’ll get hands-on experience, practicing your skills in building project requirements and the work breakdown structure. You’ll learn a sound, logical framework for scheduling and controlling project activities. And you’ll master techniques for estimating, forecasting, budgeting, monitoring, controlling, analyzing and reporting costs and interpreting the meaning of earned value data.
Individual and small-group exercises feature scenarios that help hone these skills, and a comprehensive toolkit provides practical field guidance. The course materials also include comprehensive reference materials specific to each unit of the course.
Discover a number of sophisticated tools and techniques that you can use to manage time and costs effectively on every type of project. This is one of the program’s most popular courses; classes fill up quickly, so register early.
Participants in this course will receive ESI’s Earned Valued Formula Finder, which puts the information you need to determine cost, schedule, estimate at completion and estimate to complete values for your projects right at your fingertips.
Audience
Course Topics
Essential Background
Overview of the project management life cycle
The project constraints
Needs assessment
Project requirements—a review
The work breakdown structure—a review
Resource Allocation and Estimating
Using estimates for scheduling and cost control
The basic rules of estimating
Levels of estimating and estimate types
Order of magnitude
Budget
Definitive
Four estimating methodologies
Identifying controllable costs
Resource
Material
Direct
Indirect
Planning for risk with contingency
Building the project resource pool
Using resources to build estimates
The responsibility matrix
Time-controlled estimates
Resource-limited estimates
Scheduling
Network scheduling
Validating schedules
Arrow diagrams and precedence diagrams
Basic scheduling and network calculations
Advanced precedence relationships and the critical path
Alternative constraints
Resource leveling
Gantt and milestone charts
The Baseline
Establishing baselines
Understanding types of baselines
Time-phased distribution of costs
Cumulative cost curves
Evaluation and Forecasting
Causes of variances
Establishing the "data date" for evaluation
Controlling costs and schedule late in the project
Components of the project audit
Considerations in establishing a monitoring system
Earned value management
Advanced earned value management forecasting tools
Managing Change Within the Project
The process of control
Identifying sources of change
Screening change
Updating the project plan
Communicating change
The Exit Strategy
Steps in completing the project
Scope verification
Close procurement
Administrative closure
Return to Top
PMBOK® Guide knowledge areas:
Project Scope Management
Project Time Management
Project Cost Management
Project Risk Management
Project Procurement Management
Professional Development Units
PDUs:
28.0
Comments
Field of StudyManagement Advisory ServicesAce RecommendationsUndergraduate 2 credit hoursCourse CPE33Course PDUs28.0Course CEUs2.8E-training PDUs28