Applying Project Control: Project Monitoring, Reporting and Control
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Applying Project Control: Project Monitoring, Reporting and Control Course
Introduction:
Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization’s financial and strategic objectives, often with sizable increases in costs and substantial financial losses to the organization. Why?. This is due mainly to the failure of many project managers to successfully apply the tools and techniques of modern project planning, monitoring, control, and progress reports on their projects. In addition to the financial losses suffered by the organization, many such projects also fail to deliver the required quality of outcomes intended for the project as a direct consequence of inadequate monitoring and control.
Course Objectives:
This 5-day course will provide you with a proven set of methods, processes, tools, and techniques to develop a systematic and dynamic project plan to ensure progressive monitoring and reporting of project progress. This will enable the team to:
- Integrate scope, time, resources, and cost management into a dynamic, manageable plan
- Develop project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks
- Maintain continuous project performance and delivery control
- accurately estimate and allocate project costs and resources
- Measure, forecast, and control project performance by employing earned value techniques
- Compressor accelerates the schedule when required by adverse circumstances
- Develop a project recovery plan for budget and schedule overruns
- Produce clear and concise project progress reports
Who Should Attend?
This course is designed for project team leaders, project planning engineers and heads, and senior project control and business services professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies.
Course Outlines:
Project Scope Planning and Definition (Fundamentals)
- Project Development Life Cycle
- Project Conception
- Project Formulation
- Project Definition
- Project Development
- Project Execution
- Project Transition
- Project Disposal
- The Project Process Groups
- Scope Definition
- Work Breakdown Structure
- Work-Packages
- Hierarchical WBS
- Building the Master WBS
- Extreme Engineering Project
Project Cost Estimating
- Project Cost Planning
- Bid Documents Development
- Technical Scope
- Work Quantity Survey
- Summaries for Bid Items
- Project Overhead
- Recap Sheet
- Unit Price Schedule
- Resource Unit and Rates
- Cost Budgeting
- Project Budget
- Project Cost Baseline
Project Schedule Planning and Critical Path Method
- Precedence Network Diagramming
- 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
- Production and Productivity Planning
- Resource and Cost Allocation
Accelerating the Project Schedule
- Circumstances Requiring Project Acceleration
- Time-Cost-Scope Trade-off
- Project Time Reduction
- Direct Project Costs
- Indirect Project Costs
- Options for Accelerating the Schedule
- Crashing the Schedule – How?
- Pre-Accelerated Schedule
- Developing a Crash Cost Table
- Acceleration in Practice
- The Optimal Acceleration Point
- Gantt Chart for Accelerated Schedule
- Network Activity Risk Profiles
- Additional Considerations
- Multiple Critical Paths
- Project Cost Reduction
Project Contingency Planning
- Project Contingency Planning
- PERT Analysis
- Network Risk Profile Types
- Program Evaluation and Review Technique (PERT)
- Critical Path Diagram
- PERT Calculations
- Normal Distribution
- PERT, Probability and Standard Deviation Formulae
- Calculating the Standard Deviation
- Standard Deviation for Critical Path: PERT Project Analysis
- Z-Values: The Probability of Project Completion at a Required Date
- Network Showing PERT Estimates
- True Critical Path
- Network Activity Risk Profiles
