Home » Courses » Project Management » Project Scheduling & Cost Planning Skills

Upcoming Sessions

Duration
5 Days
Date Venue Fees(USD) Book your seat
21 - 25 Jan 2018 Dubai - UAE $4,950 Book Now
30 Apr - 04 May 2018 London - UK $4,950 Book Now
02 - 06 Jul 2018 Amsterdam - The Netherlands $4,950 Book Now
19 - 23 Nov 2018 London - UK $4,950 Book Now
16 - 20 Dec 2018 Abu Dhabi - UAE $4,950 Book Now

Professional Recognition and Accreditation

  • This course is registered with the Project Management Institute (PMI)® R.E.P. Program*

 

Why Choose this Training Course?

This Project Management training course focuses on how to deliver reliable estimates that can result in significant savings later in the project life. To develop reliable cost and schedule estimates is one of the critical management skills and is addressed in this course.

Every project needs good estimates during the design and early conceptual stages of a proposed project, and if they are not delivered it is one of the reasons for project failure. The decision to proceed with a project is often based almost exclusively on early conceptual estimates, and these estimates provide the basis for the cash flow projections and schedule forecasts during the project feasibility.

This AZTech training course will feature:

  • Gaining knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
  • Understanding the different types of estimates used to accurately and progressively estimate project costs and schedule
  • Identifying risk sources and minimize their impact and learn how to sustain project momentum
  • Developing effective performance monitoring and control systems
  • An integrated approach to scope, time, resources and cost management into a dynamic and manageable model

 

What are the Goals?

By the end of this AZTech training course, participants will be able to:

  • Maintain continuous project performance and delivery control
  • Accurately estimate and allocate project costs and resources
  • Measure, forecast and control project performance by employing earned value techniques
  • Manage and mitigate schedule, cost, scope, and resource risks associated with the project
  • Develop a project recovery plan for budget and schedule overruns

 

Who is this Training Course for?

This AZTech training course is suitable to a wide range of professionals but will greatly benefit:

  • Those who have a role in various projects such as cost estimators, project schedulers, project designers, project planner, contracts professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
  • Those who are interested in knowing more about estimation and control in a project environment

 

How will this Training Course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

The training course is highly interactive and presents knowledge through formal and interactive learning methods. The training course includes individual exercises, team projects, applicable case studies and group discussions. The material has been designed to enable delegates to apply all of the material with immediate effect at the office.

Additionally, the training course does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project risk management.

 

The Course Content

Day One: Project Estimating Basics

  • Basic Project Management definitions
  • Triple Constraints – Time, Cost, Scope
  • Project Selection Methods
  • Defining the Project Scope
  • Cost & Schedule Estimation, cost Budgeting & Control
  • Project Schedule Planning and Critical Path Method

 

Day Two: Developing Project Budget & Schedule Control

  • Project management inputs to cost budgeting
  • Resource Requirements
  • Direct & Indirect Project Costs
  • Planning and Scheduling Limited Resources
  • Options for Accelerating the Schedule
  • Crashing the Schedule - How?

 

Day Three: Managing the Risk

  • Risk Identification, Analysis & Management
  • Contingency Reserve
  • PERT, Probability and Standard Deviation Formulae
  • Network Activity Risk Profiles
  • Application: Estimating Project Duration
  • Project Risk Strategies

 

Day Four: Measuring Project Performance

  • Balanced Project Schedule without Buffers (Finish-Start) and Inserting Buffers
  • Comparison of Unbalanced with Balanced Schedules
  • Measuring Planned Progress on Schedule
  • Risk distribution in contracting
  • Actual Progress and Work Conditions
  • Managing Variable Conditions

 

Day Five: Managing and Recovering Project Estimates

  • Schedule Variances & Cost Variances
  • Progress Control Charts - Trend Analysis
  • Schedule and Cost Variance Forecasting
  • Schedule and Cost Recovery Analysis
  • Schedule and Cost Recovery Plan
  • Project Recovery Baselines and Controls

 

The Certificates

  • AZTech Certificate of Completion for delegates who attend and complete the training course
  • The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Completion

Accreditation

PMI Registered Programme

AZTech as an R.E.P. has been approved by PMI to issue applicable Professional Development Units (PDUs) for its Project Management training courses. PMI allows credential holders to apply PDUs to the maintenance of their credentials where one contact hour of training is equivalent to one PDU.

The PMI Registered Education Provider logo and PMI are registered marks of the Project Management Institute, Inc.

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Aztech Training & Consultancy
AZTech Training & Consultancy
P.O. Box: 74716 Dubai,
United Arab Emirates

Toll Free: 800-AZTECH (800 298324)
Tel: +971 4 427 5400
Fax: +971 4 427 5401
Email: info@aztechtraining.com