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EncartaLabs

Project Schedule and Cost Control

( Duration: 4 Days )

This Project Schedule and Cost Control training course provides the skills needed to effectively establish and manage a realistic schedule and detailed budget. Through hands-on exercises, you will learn to develop an integrated budget and schedule while monitoring project performance during execution. You will be introduced to analytical techniques, including creation of a work breakdown structure, network diagramming, dependency analysis, critical path determination, three-point estimating, and assessment of resource needs and availability.

You will learn the management tools that help to ensure projects are delivered on time and within budget, as well as the importance of creating baselines for the project schedules and budgets. To communicate your project's progress to stakeholders, you will learn to use earned value analysis and other reporting techniques. Hands-on exercises will demonstrate the mechanisms and importance of formal change control procedures.

By attending Project Schedule and Cost Control workshop, delegates will learn:

  • How to develop a balanced plan
  • Network diagramming methodologies
  • Approaches to identifying a project's critical path
  • Time and cost estimating techniques
  • Scheduling techniques
  • How to include various types of cost and expenditures into budgets
  • Practical approaches to budget development
  • Efficient ways to gauge and report progress using earned value analysis

The Project Schedule and Cost Control class is ideal for:

  • Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.

COURSE AGENDA

1

Foundations

  • Project Management Life Cycle
  • Plan-Do-Check-Act Cycle
  • Stakeholder Management
  • Principles of Integrated Project Planning
  • Project constraints
    • Scope
    • Time
    • Cost
    • Risk
  • Defining Project Success
2

Planning

  • Scope Planning
  • Estimating Techniques
  • Time Analysis
  • Schedule Development
  • Cost Analysis
  • Control Account Plans
  • Integrated Risk Management
  • Balancing the Plan by Balancing the Constraints
3

Executing, Monitoring, and Controlling

  • Executing the Project Work
  • Monitoring Progress
  • Earned Value Management
  • Controlling Performance
  • Communicating with Stakeholders
  • Managing Risk During Execution
  • Scope Verification and Customer Satisfaction
4

Closing

  • Administrative Closure
  • Transitioning Deliverables to their New Owners
  • Updates to Organizational Process Assets
  • Capturing Lessons Learned
  • Preparing the Closing Report
5

Controlling the Schedule and Budget

  • Creating a Baseline Plan
    • Establishing Baselines
    • Types of Baselines
    • The Project Baseline
  • Establishing Project Milestones
    • Milestone Chart
  • Developing a Project Control Process
    • Guidelines for Project Control
    • Performance Measures
  • Tools for Project Control
    • The Earned Value Method of Project Management
    • Looking at Current Project Status with Earned Value
    • Looking Forward with Earned Value
    • Earned Value Management in Practice
  • Strategies and Processes for Project Control
    • Status Review Meetings
  • Managing Project Change
    • Change Control
    • Change Control Process
    • Additional Tools for Managing Control of the Project
    • Other Project Change Considerations
  • Why Projects Are Late and Over Budget

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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