The key objective of this training course is to enhance the —

• Understanding of Initiating the Project to the organization Business Strategy
• Understand the different methods to evaluate if the project adds value to the existing business of the organization
• Familiarize with the types of the project life cycle and the different processes involved in the project
• Acquire the knowledge areas related to a project and their integration with the business strategy
• Work on the different challenges to make sure that the project has a balance between the triple constrains and is completed in time and within budget
• Coach the team in their role to understand the stakeholders in the projects and meeting their requirement which is critical for the project success
• The best manner of communication to be carried out by the project team
• Exploring the different ways of identifying Risk that can delay the project and the business and also analysing & managing the same

Content:

Understanding Business

• What is a Business?
• Business Needs
• Business Benefits
• Business and Strategy
• Business Analysis Planning and Monitoring
• Requirements Management and Communication

Understanding Projects

• Introduction to Project
• Project Life cycle
• Difference between Operations and projects
• Significance of Project in the Strategic objective of the organization

Relationship between Business and Projects  

• Different knowledge areas of Business analysis
• How do the different knowledge areas of BA impact the Project Management process?
• Impact of Changes in Business on Projects
• Investment Decision Making

 Understanding the Scope of a project

• Definition of the project scope
• Project Charter and other documents
• Work Breakdown Structure

 Scheduling and Business Analysis

• Creating Activities and sequencing activities
• Calculating Duration for Activities
• Developing Schedules
• Baselining and Updating schedules
• Impact of Scheduling on Business Analysis

Resource Management

• Understand the resource requirements for the projects
• Estimate resources and acquiring them
• Managing and Controlling resources

Costing and Business Analysis

• Estimating Cost
• Preparing Budget
• Controlling Cost
• Earned Value Analysis
• Impact of Cost changes on Business

Stakeholders

• Who are stakeholders?
• Identifying Stakeholders
• Understanding Stakeholder requirements
• Managing stakeholders

Importance of Communication

• Why communication is important for a project?
• Managing Communication

Procurement

• Planning Procurement
• Monitoring Procurement

How are Project Risks handled?

• Risk Management concepts
• Identifying Risks
• Risk Analysis – qualitative and quantitative analysis
• Mitigating Risk
• Managing reserves
• Project Risks and Business Impacts