Project Schedule & Cost Control Management

COURSE OBJECTIVE & COURSE DESCRIPTION

To present a broad understanding of the concepts of scheduling & Cost Control. Additionally, to present tools and techniques needed for the development and application of cost control, budgeting, and scheduling.

A key aspect of any project development is the control of the principle resources of money and time. To achieve effective control, one must have a plan, which acts as a benchmark against which to monitor and assess performance. The plan for cost management is a budget. The plan for time management is a schedule. This course will provide participants with a clear understanding of the purpose and application of cost control techniques/budgets and schedules, an overview of the tools for developing both and will also discuss the relationship between the two. These will be examined not only from the aspect of the project controller but from the various aspects of all stakeholders in a project.

Target Audience

Project Managers
Senior Project Managers
Lead Project Managers/Engineers
Senior Business Analysts
Project Coordinators
Who needs 24 PDUs towards Project Management Professional (PMP)^® certification renewal

How will you benefit?

Find out how to develop estimates/budgets and apply budgeting techniques for your projects from concept through completion

Learn to minimize and resolve costly, time-consuming estimates on projects through understanding of procedures, requirements/needs and rules of conduct on projects
Avoid the pitfalls and frustrations of contract planning and scheduling
Learn various techniques to develop schedules and how to use them for planning
Become familiar with team approach for achieving budgeting and scheduling goals
Discover the value and importance of tomorrow’s computer tools
Evaluate various tools and techniques related to budgeting and scheduling

Course Format

Course Format & Schedule

Duration of the course: 24 hours

Instructor Lead Online (individuals) – Three (3) hour/session for 8 sessions
On-Site (corporate) – Three (3) consecutive days from 9:00am to 5:00pm

PDUs Earned:

24 PDUs towards Project Management Professional (PMP)^® certification renewal

Course Price:

US $520*

Course Contents

PROJECT MANAGEMENT PROCESSES

Processes
Process Group
Process Interactions

PROJECT DEFINITION

Discussion
Content

PROJECT JUSTIFICATION

Discussion
Basis for Justification
Present Value Method
Triple Constraints (Scope, Schedule, and Cost)

PROJECT ORGANIZATION, PLANNING & SCHEDULING, ESTIMATING AND BUDGETING

Discussion
Classes of Estimates
Cost Categories
Contingency and Escalation
Budgeting for Cash Flow

WORKSHOP – ESTIMATION

Participants will meet in small groups to discuss and suggest the solution to the case study problem. A representative from each group will present the solutions to all participants.

PROJECT COST MANAGEMENT

Discussion
Project Control Technique

PROJECT COST ESTIMATING

Discussion
Estimating Categories
Developing or Checking an Estimate
Cost Breakdown Charts

PROJECT ORGANIZATION, BUDGETING & SCHEDULING IMPACT

Classes of Impact Costs
Pricing Techniques

PLANNING

Project Planning
What is involved?
Why do Plans fail?
Importance of Planning

PROJECT SCHEDULING

Scheduling Process
Scheduling Techniques
Bar (Gantt) Chart
Milestone Charts
Network
Network Analysis – Calculations

SCHEDULING AND TRACKING WORK PROGRESS

Delay and Contract Completion
Cost of Planning
Scheduling Techniques

HOW TO DEVELOP A CPM NETWORK

Schedule updating
Value Analysis of various options
How to maintain an as built Schedule

PERFORMANCE MEASUREMENT – TRIPLE CONSTRAINT

SCHEDULE & COST CONTROL

INLINE WITH PMBOK
GROUP ACTIVITY
SCHEDULE & COST CONTROL TEST

Course Package Includes

ProXalt Schedule & Cost Control Management Knowledge Book
Downloadable (PDF) PMBOK® Guide – Process Documents
Course Final Exam
24 PDUs towards Project Management Professional (PMP)® certification

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