Project Coordination, Management & Cost Control

Description:

Day One will highlight the importance of aligning projects with corporate strategy and objectives and will cover the fundamentals of project planning, scheduling and Critical Path analysis.

KeyTopics:

• Corporate Strategy and Organizational Projects
• Setting the Stage for Project Alignment with Strategy
• Developing a Strategic Management Plan
• The Strategic Management Process
• Environmental Analysis and Portfolio Development
• The Aggregate Strategic Project Plan
• Work Breakdown Structures (WBS)
• Triple Constraint – Time, Cost, Scope
• Precedence Network Diagramming
• Logic Relationship Chart
• Defining the Critical Path
  • Early & Late Start & Finish
• Monitoring the Critical Path
• Schedule Control & Tracking Progress

Description:

Day Two will cover the techniques required for schedule risk analysis, management and project acceleration.

KeyTopics:

• Training course Evaluation and Review Technique (PERT)
• Path Convergence Analysis
• PERT, Probability and Standard Deviation Formulae
• Z-Values: The Probability of Project Completion at a Required Date
• Time-Cost-Scope Trade-off
• Project Time Reduction
• Options for Accelerating the Schedule
• Crashing the Schedule – How?
• The Optimal Acceleration Point
• Project Cost Reduction

Description:

: Day Three will cover the process of Earned Value Management to track actual costs and progress against planned costs and progress as a basis for project control and reporting.

KeyTopics:

• Project Cost Management
• Earned Value Control Process
• Progress Control Charts – Trend Analysis
• Schedule and Cost Variance Forecasting
• Earned Value Reporting
• Project Disaster Recovery Plan Development
• Project Variance Analysis and Quantification
• Project Recovery Data Assessment
• Schedule and Cost Recovery Analysis

Description:

Day Four will cover the tools and techniques for project recovery in cases of severe cost and schedule overruns and to provide a sound legal and financial basis for re-baselining the project.

KeyTopics:

• 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

Description:

Day Five will cover an alternative scheduling and cost planning approach that is particularly relevant for planning, scheduling and controlling repetitive activities performed by teams on projects such as oil and gas pipelines, road construction and the construction of housing and other projects.

KeyTopics:

• 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
• Resource Estimating
• Estimating using Crews
  • Line of Balance Formulae
  • Target Units per Week
  • Determining Crew Size
  • Actual Rate of Output
• 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