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Scheduling and Cost Control

Fee:

$2,295

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Provider:
ESI International

Topic(s):
Leadership & Management > Project Management

Who Should Attend?
Anyone involved in the Project Management field

Full Seminar Description

From opening morning, you'll get hands-on experience, practicing your skills in building project requirements and the work breakdown structure. You'll learn a sound, logical framework for scheduling and controlling project activities. And you'll master techniques for estimating, forecasting, budgeting, monitoring, controlling, analyzing, and reporting costs and interpreting the meaning of earned-value data.

Individual and small-group exercises feature scenarios that help hone these skills, and a comprehensive toolkit provides practical field guidance. In addition to extensive course materials, you'll also receive a copy of a special ESI edition of Project Management: A Managerial Approach by Jack R. Meredith and Samuel J. Mantel, Jr.

Discover a number of sophisticated tools techniques that you can use to manage time and costs effectively on every type of project. This is one of the program's most popular courses; classes fill up quickly, so register early. Please bring a calculator to class.

LEARN HOW TO:

• Use the work breakdown structure to develop a network diagram
• Calculate schedules using PERT/CPM
• Identify, assign, and tabulate resource requirements
• Predict costs and work time using specific levels and estimate types
• Plan for contingencies and anticipate varations
• Predict future project performance based on historical data
• Monitor changes and close out projects on time

ESSENTIAL BACKGROUND

• Overview of the project management life cycle
• The triple constraints
• Planning tools
• Project requirements - a review
• The work breakdown structure - a review
• Challenges in scheduling and cost control

ESTIMATING

• Using estimates for scheduling and cost control
• The basic rules of estimating
• Levels of estimating and estimate types: Top down vs. Bottom up, Order of magnitude, Budget, Definitive
• Six estimating methodologies
• Identifying controllable costs: Resource, Material, Direct, Indirect
• Planning for risk and contingency
• Building the project resource pool: Using resources to build estimates, The responsibility matrix
• Time-controlled estimates
• Resource-limited estimates

SCHEDULING

• Network scheduling
• Validating schedules
• Arrow diagrams and precedence diagrams
• Basic scheduling and network calculations
• Advanced precedence relationships and the critical path
• Alternative constraints
• Gantt and milestone charts

BASELINING THE PROJECT

• Establishing baselines
• Creating and using reserves
• Time and cost trade-offs
• Using the least-cost method in trade-off analysis
• Resource leveling
• Resource smoothing for effective cost control

MANAGING CHANGE

• The process of control
• Identifying sources of change
• Screening change
• Updating the project plan
• Communicating change

EVALUATION AND FORECASTING

• Causes of variances
• Establishing the "data date" for evaluation
• Conducting trend analyses
• Components of the project audit
• Considerations in establishing a monitoring system
• Earned value
• Advanced earned-value forecasting tools

THE EXIT STRATEGY

• Steps in completing the project
• Controlling costs and schedule late in the project
• Scope verification
• Contract closeout
• Administrative closure

Sponsor Background:

As the demand for project management expertise increased, ESI began offering public courses.

To date, more than 250,000 students from 50 countries around the world have benefited from the courses. As a result, our Project Management Professional Development Program has achieved the distinction of being the world's most comprehensive education program for building project management knowledge and skills.

Discounts and Payment Policy

Receive 10 percent off your registration when you sign up for two or more classes or you register yourself and a friend for the same course at the same time. You must sign up for the courses at the same time and pay in advance. Course discounts do not apply toward The Project Advantage course, the PMP Exam Preparation course or any e-training course.

In case of a course cancellation, substitutions can be arranged. Double Deal discounts cannot be applied to any past classes and are not applicable to e-training courses, the PMP Exam Preparation course or The ProjectAdvantage.

Quote From Past Participants:

Good coverage of the basics of scheduling and cost at a level that can be taken and applied to projects with higher levels of complexity. Program Manager LANL

This online course gave me the opportunity to learn at my own pace and grasp concepts I may have missed in a classroom. The instructor was great - his e-mail responses were prompt and through. Project Manager Compaq

Past Participants Include:

• Abbott Labs
• Amoco Corporation
• AMTRAK
• Bank of America
• The Boeing Company
• Dell Computers
• FedEx
• The Gillette Company
• Hewlett-Packard
• IBM
• Oracle
• Shell Oil
• US Postal Service
• World Bank

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