Project Monitoring & Progress Reporting

Description:

Day One will discuss the relationship between corporate strategy and projects, and cover the elements of the Project Life Cycle. Additionally it will examine the method of developing a Work Breakdown Structure against the background of a real life case study.

KeyTopics:

• Corporate Strategy and Organizational Projects
• Setting the Stage for Project Alignment with Strategy
• The Strategic Management Process
• Environmental Analysis and Portfolio Development
• Project Classification
• Characteristics of a Project
• Project Development Life Cycle
• Project Conception, Formulation, Definition, Development, Execution, Transition and Project Disposal
• The Project Process Groups
• Scope Definition
• Work Breakdown Structure
• Work-Packages

Case Study: Extreme Engineering Project – The Hong Kong Airport

Description:

Day Two will cover the development of a Network Diagram as the basis for Schedule and Schedule Risk and Contingency analysis. Additionally it will examine the processes of duration estimating, resource allocation, and float utilization.

KeyTopics:

• Precedence Network Diagramming
• Job Logic Relationship Chart
• Critical Path Analysis
• Project Float/Slack Analysis
• Lead and Lag Scheduling
• Activity Duration Estimation
• Milestone Charts
• Gantt Chart – Schedule Baseline
• Project Estimating Processes
• Resource and Cost Allocation

Description:

Day Three will cover the techniques used to accelerate the schedule in case where the project has fallen behind. It will also examine the more advanced principles of Critical Path Analysis to determine the true technical critical path of the project.

KeyTopics:

• Circumstances Requiring Project Acceleration
• Options for Accelerating the Schedule
• Pre-Accelerated Schedule
• Developing a Crash Cost Table
  • Acceleration in Practice
  • The Optimal Acceleration Point
  • Gantt Chart for Accelerated Schedule
• Network Activity Risk Profiles
• Training course Evaluation and Review Technique (PERT)
• Critical Path Diagram
• PERT Calculations
• Network Showing PERT Estimates
• True Critical Path
• Network Activity Risk Profiles
• Calculating the Standard Deviation

• Application: Estimating Project Duration

Description:

Day Four will cover the estimation of project costs based on the identified activities and allocated resources. This provides the basis for accurate progress and cost control against the contractual baseline, which is used to analyse deviations and make accurate projections of final cost and completion dates.

KeyTopics:

• Bid Documents Development
  • Technical Scope & Quantity Survey
  • Summaries for Bid Items
  • Project Overhead & Recap Sheet
  • Resource Unit and Rates
  • Unit Price Schedule
• Project Resource Table & Budget
• Project Cost Baseline Management
• Project Management Reporting
• Earned Value Control Process
• Progress Control Charts – Trend Analysis
• Schedule and Cost Variance Forecasting
  • Schedule Variance (SV)
  • Cost Variance (CV)
  • Schedule Performance Index (SPI)
  • SPI Run Chart
  • Cost Performance Index (CPI)
  • CPI Run Chart
• Estimated Cost at Completion
• Estimated Duration at Completion
• Progress Tracking and Monitoring

Description:

Day Five will cover more advanced applications of Earned Value principle as the basis for project failure recovery. The material examines various scenarios to determine the best and most feasible project recovery plan.

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