INTRODUCTION

This project management training course focuses on creating thorough, trustworthy plans with time and cost estimates that provide the project's owner or sponsor high levels of project delivery confidence. Plans must also be realistic and take into account all hazards that may arise both during and after the project lifespan.

The decision to move forward with a project is based on preliminary, conceptually high-level estimates. However, given their large range, more precise predictions must serve as the foundation for the cash flow projections and schedule forecasts.

COURSE OBJECTIVES

By the end of the course, participants should be able to:

• Identify, evaluate, and manage schedule, cost, scope, and resource risks.
• Confidently estimate project timeframes and costs with suitable resource management plans.
• Develop a project recovery strategy for budget and schedule overruns by understanding how to measure, anticipate, and regulate project performance using earned value methodologies.

DURATION

5 Days

WHO SHOULD ATTEND

This training course is suitable to a wide range of professionals but will greatly benefit:

• Those who have a project role such as project managers, cost estimators, project schedulers, project designers, project planner, contract professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
• Senior managers who want to understand best practice in project management
• Those who are interested in knowing more about estimation and control in a project environment

COURSE CONTENT

Day One: Project Estimating Basics

• Basic project management definitions
• Triple constraints – Time, Cost, Scope
• Project selection methods
• Defining project scope
• Cost & schedule estimation, cost budgeting & control
• Project schedule management using the Critical Path Method

 Day Two: Developing Project Budget & Schedule Control

• Resource requirements
• Direct & indirect project costs
• Planning and scheduling limited resources
• Options for accelerating the schedule
• Crashing the schedule - How?

 Day Three: Managing the Risk

• Risk identification, analysis & management
• Contingency reserve
• PERT, probability and standard deviation formulae
• Network activity risk profiles
• Application: Estimating project duration
• Project risk strategies

Day Four: Measuring Project Performance

• Critical chain analysis and use of buffers
• Comparison of unbalanced with balanced schedules
• Measuring planned progress on schedule
• Risk distribution in contracting
• Actual progress and work conditions
• Managing variable conditions

 Day Five: Managing and Recovering Project Estimates

• Schedule variances & cost variances
• Progress control charts -trend analysis
• Schedule and cost variance forecasting
• Schedule and cost recovery analysis
• Schedule and cost recovery plan

Project recovery baselines and controls

GENERAL NOTES

• Our seasoned instructors, who have years of experience as seasoned professionals in their respective fields of work, will be teaching this course. A combination of practical exercises, theory, group projects, and case studies are used to teach the course.
• The participants receive training manuals and supplementary reading materials.
• Participants who complete this course successfully will receive a certificate.
• We can also create a course specifically for your organization to match your needs. To learn more, get in touch with us at training@dealsontrainers.org.
• The training will take place at DEALSON TRAINERS IN NAIROBI, KENYA in Nairobi, Kenya.
• The training fee includes lunch, course materials, and lodging for the training session. Upon request, we may arrange for our participants' lodging and transportation to the airport.
• Payment must be made to our bank account before the training begins, and documentation of payment should be emailed to training@dealsontrainers.org