Project Planning, Scheduling and Cost Estimating Skills Training

Course Info

Length: 2 Weeks

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • July-01-2024

    Kuala Lumpur

  • July-22-2024

    Kuala Lumpur

  • Aug-05-2024

    Kuala Lumpur

  • Sep-02-2024

    Kuala Lumpur

  • Sep-23-2024

    Kuala Lumpur

  • Oct-07-2024

    Kuala Lumpur

  • Nov-04-2024

    Kuala Lumpur

  • Dec-02-2024

    Kuala Lumpur

  • Dec-23-2024

    Kuala Lumpur

Dates in Other Venues

  • June-17-2024

    Dubai

  • June-17-2024

    Barcelona

  • June-24-2024

    London

  • June-24-2024

    Amsterdam

  • July-01-2024

    Istanbul

  • July-08-2024

    Paris

  • July-08-2024

    Singapore

  • July-15-2024

    Barcelona

  • July-15-2024

    Dubai

  • July-22-2024

    Amsterdam

  • July-29-2024

    Istanbul

  • July-29-2024

    London

  • Aug-05-2024

    Istanbul

  • Aug-12-2024

    Singapore

  • Aug-12-2024

    Paris

  • Aug-19-2024

    Dubai

  • Aug-19-2024

    Barcelona

  • Aug-26-2024

    London

  • Aug-26-2024

    Amsterdam

  • Sep-02-2024

    Istanbul

  • Sep-09-2024

    Paris

  • Sep-09-2024

    Singapore

  • Sep-16-2024

    Barcelona

  • Sep-16-2024

    Dubai

  • Sep-23-2024

    Amsterdam

  • Sep-30-2024

    London

  • Sep-30-2024

    Istanbul

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    Paris

  • Oct-14-2024

    Singapore

  • Oct-21-2024

    Dubai

  • Oct-21-2024

    Barcelona

  • Oct-28-2024

    London

  • Oct-28-2024

    Amsterdam

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Paris

  • Nov-11-2024

    Singapore

  • Nov-18-2024

    Dubai

  • Nov-18-2024

    Barcelona

  • Nov-25-2024

    London

  • Nov-25-2024

    Amsterdam

  • Dec-02-2024

    Istanbul

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-16-2024

    Barcelona

  • Dec-16-2024

    Dubai

  • Dec-23-2024

    Amsterdam

  • Dec-30-2024

    Istanbul

  • Dec-30-2024

    London

  • Jan-27-2025

    Paris

  • Jan-27-2025

    Singapore

Course Details

Course Outline

10 days course

 

Project Scope Planning and Definitions (Fundamentals)

 

  • Introduction to Project Management
  • Scope Planning
  • Work Packages
  • Scope Execution Plan
  • Triple Constraints - Time Cost, Scope
  • Project Delivery Systems

 

 

 

Project Schedule Planning and Critical Path Method:
 
  • Precedence Network Diagramming
  • Job Logic Relationship Chart
  • Critical Path Analysis
  • Project Float Analysis
  • Lead and Lag Scheduling
  • Activity Duration Estimation
  • Milestone Charts
  • Gantt Chart - Schedule Baseline
  • Project Estimating Processes
  • Production and Productivity Planning
  • Resource and Cost Allocation
 
 Accelerating the Project Schedule:

 

  • Circumstances Requiring Project Acceleration
  • Time-Cost-Scope Trade-off
  • Project Time Reduction
  • Direct Project Costs
  • Indirect Project Costs
  • Options for Accelerating the Schedule
  • Crashing the Schedule - How?
  • Pre-Accelerated Schedule
  • Developing a Crash Cost Table
  • Acceleration in Practice
  • The Optimal Acceleration Point
  • Gantt Chart for Accelerated Schedule
  • Network Activity Risk Profiles
  • Additional Considerations
  • Multiple Critical Paths
  • Project Cost Reduction

 

Project Contingency Planning:

 

  • Program Evaluation and Review Technique (PERT)
  • Path Convergence Analysis
  • Solving the Path Convergence Problem
  • Network Risk Profile Types
  • Normal Distribution
  • PERT, Probability and Standard Deviation Formulae
  • Calculating the Standard Deviation
  • Standard Deviation for Critical Path
  • Z-Values: The Probability of Project Completion at a Required Date
  • True Critical Path
  • Network Activity Risk Profiles
  • Application: Estimating Project Duration

 

Line of Balance Scheduling - The Planning of Recurring Activities:

 

  • Preparing a Line of Balance Schedule
  • Velocity Diagrams and Linear Scheduling
  • Velocity Diagram Production Rate Calculations
  • Linear Sequence of Activities as a Series of Velocity Diagrams
  • Balancing the Schedule
  • Calculations for a Line of Balance Schedule
  • Line of Balance Formulae
  • Target Units per Week
  • Determining Crew Size
  • Actual Rate of Output
  • Time to Complete One Activity
  • Elapsed Time for Recurring Activity
  • The slope of Line from Activity Start to Activity Finish
  • Balanced Project Schedule without Buffers (Finish-Start)
  • Inserting Buffers
  • Comparison of Unbalanced with Balanced Schedules
  • Measuring Planned Progress on Schedule
  • Velocity Diagram Reflecting Expected Conditions
  • Actual Progress and Work Conditions
  • Variable Conditions

 

Project Execution Management, Control, and Reporting:

 

  • Progress Tracking and Monitoring
  • Project Cost Management
  • Earned Value Control Process
  • Schedule Variances
  • Cost Variances
  • Progress Control Charts - Trend Analysis
  • Schedule and Cost Variance Forecasting
  • Labour Management and Cost Control
  • Materials Management and Cost Control
  • Earned Value Analysis
  • Earned Value Reporting

 

Project Recovery Plan Development:

 

  • Project Variance Analysis and Quantification
  • Schedule Performance Index (SPI)
  • Cost Performance Index (CPI)
  • Setting Schedule and Cost Control Limits
  • Project Recovery Data Assessment
  • Schedule and Cost Recovery Analysis
  • Schedule and Cost Recovery Plan
  • Project Recovery Baselines and Controls

 

Cost Estimating Basics:

 

  • The estimating life cycle
  • Phases of the Design Process
  • Programming phase
  • Schematic design
  • Design development
  • Construction documents
  • Estimating accuracy by phase
  • Conceptual Cost Estimates
  • Rough Order of Magnitude Estimates (Broad Scope Estimates)
  • Assemblies cost estimates
  • Cost indices
  • Semi-detailed Estimates (Narrow Scope Estimates)
  • Definitive Estimates (Detailed Scope Estimates)
  • Basic procedures
  • Lump-sum contracts
  • Unit-price contracts
  • Cost-plus contracts
  • Cost-plus contract with the guaranteed maximum price (GMP)
  • Time-and-Materials contracts
  • Bid method
  • Negotiated method
  • Quantity take-off
  • Types of construction contracts
  • Procurement methods
  • Pre-construction services
  • Risk analysis and contingencies

 

Developing The Project Budget & Cost Control

 

  • Project management inputs to cost budgeting
  • Resource Requirements
  • Direct & Indirect Project Costs
  • PERT, Probability and Standard Deviation Formulae
  • Calculating the Standard Deviation
  • Earned Value Control Process
  • Schedule Variances
  • Earned Value Analysis
  • Earned Value Reporting
  • Project Variance Analysis and Quantification
  • Schedule Performance Index (SPI)
  • Cost Performance Index (CPI)
  • Estimate At Completion (EAC)

 

Managing Cost Risk

 

  • Risk Analysis & Management
  • Risk Identification
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Risk & Probability Matrix
  • Risk Response Strategy
  • Contingency Reserve
  • Watch List
  • Acceptance Strategy
  • The S-Curve for Risk & for Cost
  • Workshop

 

Contract Types & Compensation Arrangements

 

  • Procurement Management
  • Make or Buy Analysis
  • Procurement documents
  • Contract types
  • Risk distribution in contracting
  • Project risk profiles
  • Contract types according to risk distribution
  • Fixed Price Contracts
    • Firm Fixed Price
    • Fixed Price with Economic Adjustment
  • Incentive Contracts
    • Fixed Price Incentive
    • Cost Plus Incentive
  • Cost-Plus Contracts
    • Cost Reimbursement
    • Cost Plus Award Fee
    • Cost Plus Fixed Fee
  • Time-and-Materials

 

Cost of Quality

 

  • Quality Planning & Assurance
  • Quality Control
  • Benchmarking
  • Pareto Analysis
  • Cause & Effect – Fishbone
  • Control Chart
  • Quality & Grade

Course Video