• Confidently estimate project timescales and costs with appropriate resource management plans
• Identify, assess and manage schedule, cost, scope, and resource risks
• Understand project performance and control
• Measure, forecast and control project performance by employing earned value techniques
• Develop a project recovery plan for budget and schedule overruns

CONTENT

Project Estimating Basics

• Basic project management definitions
• Triple constraints – Time, Cost, Scope
• Project selection methods
• Defining project scope
• Cost and schedule estimation, cost budgeting and control
• Project schedule management using the Critical Path Method

Developing Project Budget and Schedule Control

• Resource requirements
• Direct and indirect project costs
• Planning and scheduling limited resources
• Options for accelerating the schedule
• Crashing the schedule - How?

Managing the Risk

• Risk identification, analysis and management
• Contingency reserve
• PERT, probability and standard deviation formulae
• Network activity risk profiles
• Application: Estimating project duration
• Project risk strategies

Measuring Project Performance

• 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

Managing and Recovering Project Estimates

• Schedule variances and 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

FOR WHOM:

Works, Services and Maintenance Personnel

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

This course is available in the following locations:
Nigeria - $3000
Ghana    - $6000
Rwanda - $7000
UK - $8000
USA - $8000