Skills for Project Planning/ Scheduling and Cost Estimation Planning

Course Info

Length: 1 Week

Type: Online

Available Dates

Fees

  • Apr-08-2024

    1,535

  • May-13-2024

    1,535

  • June-10-2024

    1,535

  • July-08-2024

    1,535

  • Aug-12-2024

    1,535

  • Sep-09-2024

    1,535

  • Oct-14-2024

    1,535

  • Nov-11-2024

    1,535

  • Dec-09-2024

    1,535

Course Details

Course Outline

5 days course

 

Basic Information on Project Estimation

 

  • Introduction to methods and terminology of project management
  • Understanding of the triple constraints (“Time”, “Cost” and “Scope”)
  • Methods of selection of projects
  • Understanding of the scope of project, cost and schedule estimation
  • Planning the project schedule and “Critical Path Method”

 

Cost Budgeting and Control in Projects
 
  • Understanding the inputs from project management to cost budgeting
  • Difference between “Direct costs” and “Indirect costs” in a project
  • Understanding the planning and scheduling of limited resources
  • How to accelerate the project schedule
  • How does the project schedule fail? And WHY?

 

Risk Management in Projects
 
  • Identification and analysing risks
  • Concept of “Contingency Reserve”
  • Concept of “PERT” –(Probability and Standard deviation formula)
  • Understanding the risk profiles in network activities
  • How to estimate a project duration?
  • Strategies for overcoming risks in projects

 

Measurement of Project Performance

 

  • How to balance a project schedule by inserting “Buffers” and without “Buffers”
  • Understanding the comparison of “Unbalanced and Balanced” Project schedules
  • How to measure a project performance on the basis of risk distribution in contracting
  • Estimation of “Actual Progress” and “Working Conditions”
  • How to manage in variable conditions?

 

Recovering of Project Estimates
 
  • Understanding the concept of “Schedule variance” and “Cost Variance”
  • Estimating and analysing “Progress Control Charts” for a project- “Trend Analysis”
  • Forecasting schedule and cost variance
  • Implementation of cost recovery plan and cost recovery analysis
  • Method and control measures for project recovery
  • Review of the course and “Question and Answer session”

Course Video