A PMI Certified Training Course
Project Scheduling & Cost Planning Skills
Project Estimation & Planning for your Organisation
Why Choose Project Scheduling & Cost Planning Skills Training Course?
This Project Scheduling & Cost Planning Skills training course focuses on delivering comprehensive, reliable plans with time and cost estimates that provide project owners and sponsors high confidence in successful project delivery. In an era marked by disruptions and uncertainties, the ability to create realistic plans—factoring in potential risks throughout the project lifecycle—has never been more critical.
Early project decisions often rely on high-level conceptual estimates, which can vary widely. Detailed and accurate estimates are essential for credible cash flow projections and schedule forecasts. This course emphasizes modern techniques to account for evolving work environments, resource availability, and risk factors, ensuring plans are both robust and adaptable.
This Project Scheduling & Cost Planning Skills training course will feature:
- Techniques for project estimating, from conceptual to detailed stages.
- Understanding various estimate types to build confidence and accuracy in project costs and schedules.
- Identifying risk sources and implementing strategies to minimize impact and sustain project momentum.
- Developing performance monitoring and control systems to track project health.
- Integrating scope, time, resources, and cost into a dynamic, manageable project model.
What are the Goals?
By the end of this Project Scheduling & Cost Planning Skills training course, participants will be able to:
- Confidently estimate project timescales, costs, and resource requirements.
- Identify, assess, and manage risks related to schedule, cost, scope, and resources.
- Implement effective project performance measurement and control mechanisms.
- Apply earned value techniques to measure, forecast, and control project performance.
- Develop recovery plans to address budget and schedule overruns.
Who is this Training Course for?
This course is designed for professionals involved in project planning, estimation, and control functions.
This Project Scheduling & Cost Planning Skills training course is suitable to a wide range of professionals but will greatly benefit:
- Project managers, cost estimators, schedulers, planners, and project control staff.
- Contract professionals, procurement specialists, and business services personnel.
- Senior managers seeking to understand project management best practices.
- Individuals interested in developing skills in project estimation and performance control.
How will this Training Course be Presented?
This Project Scheduling & Cost Planning Skills training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. The course is highly interactive and combines formal instruction with practical applications.
Methods include:
- Individual exercises and team projects to reinforce learning.
- Real-world case studies and interactive group discussions.
- Video presentations and progressive skill-building activities.
- Techniques and tools introduced gradually to accommodate all experience levels.
Participants will gain practical knowledge and tools that can be immediately applied in their roles, enhancing their ability to contribute to project success.
The Course Content
- Basic project management definitions
- Triple constraints – Time, Cost, Scope
- Project selection methods
- Defining project scope
- Cost & schedule estimation, Cost budgeting & control
- Project schedule management using the Critical Path Method
- Resource requirements
- Direct & indirect project costs
- Planning and scheduling limited resources
- Options for accelerating the schedule
- Crashing the schedule - How?
- Risk identification, analysis & management
- Contingency reserve
- PERT, probability and standard deviation formulae
- Network activity risk profiles
- Application: Estimating project duration
- Project risk strategies
- Critical chain analysis and use of buffers
- Comparison of unbalanced with balanced schedules
- Measuring planned progress on schedule
- Risk distribution in contracting
- Actual progress and work conditions
- Managing variable conditions
- 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
Certificate and Accreditation
- 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
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