Scheduling and Cost Control
Project Scheduling And Cost Control

Available Modalities:

  • e-Training
    Next Sessions: On-Demand

    Book Online

  • Public Classroom
    Next Sessions:
    • London - 18-20 Mar 2019
    • London - 10-12 Jul 2019
    • London - 04-06 Nov 2019
  • On Site
    Next Sessions: At Your Facility

    Request An Assesment

SHOW CREDIT DETAILS
Delivery Method PDU Total Technical PMP/PgMp Leadership Strategy PMI RMP PMI SP PMI ACP PfMP PMI PBA
e-Training 28 28 0 0 0 28 0 0 0
Instructor-led Training 28 28 0 0 0 28 0 0 0
Delivery Method e-Training Instructor-led Training
PDU Total 28 28
Technical PMP/PgMp 28 28
Leadership 0 0
Strategy 0 0
PMI RMP 0 0
PMI SP 28 28
PMI ACP 0 0
PfMP 0 0
PMI PBA 0 0
  • CEUs: 2.8
  • CPEs: 33.5
  • Field of Study: Management Advisory Services

For more information about this course, speak now to a training coordinator on +44 (0)20 3743 2910 or by using the chat box ⇲. You can also send us an email or complete the contact form, and we will get back to you shortly.

Synopsis

This course helps attendees develop effective measures for scheduling and controlling projects by putting the tools of project management to work. The focus is on managing the constraints faced on any project: limits on time, human resources, materials, budget and specifications, and provides proven ways to work within identified constraints, without letting predefined limits curtail creativity or innovation.

Delegates receive hands-on experience for practicing their skills in building project requirements and the work breakdown structure.They learn a sound, logical framework for scheduling and controlling project activities and master techniques for estimating, forecasting, budgeting, monitoring, controlling, analysing 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.

Through a number of sophisticated tools and techniques that can be used to manage time and costs effectively on every type of project, this is one of the programme’s most popular courses.

Participants in this course will receive our Earned Valued Formula Finder, which puts the information needed to determine cost, schedule, estimate at completion and estimate to complete values for projects right at their fingertips.

Learn
  • 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

This course uses digital materials.

Topics
  • Building the Project Resource Pool Using resources to build estimates
    The responsibility matrix
    Time-controlled estimates
    Resource-limited estimates
  • Essential Background

    Overview of the project management life cycle
    The triple constraint
    Planning tools
    Project requirements—a review

  • 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

  • Identifying Controllable Costs Resource    
    Material
    Direct
    Indirect
    Planning for risk with contingency
  • Managing Change Within the Project The process of control
    Identifying sources of change
    Screening change
    Updating the project plan
    Communicating change
  • Scheduling

    Network scheduling
    Validating schedules
    Arrow diagrams and precedence diagrams
    Basic scheduling and network calculations
    Advanced precedence relationships and the critical path
    Alternative constraints
    Gantt and milestone charts

  • The Baseline Establishing baselines
    Understanding types of baselines
    Time-phased distribution of costs
    Cumulative cost curves
  • The Exit Strategy Steps in completing the project
    Scope verification
    Contract closeout
    Administrative closure
  • 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
    Top-down vs. bottom-up
    Order of magnitude
    Budget
    Definitive
    Four estimating methodologies
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