The Useful Scheduling And Cost Control Techniques (ADT109)

20 September 2017 - 21 September 2017

OBJECTIVES
Key Learning Points Includes:
• Use work breakdown structure (WBS) to develop a network diagram
• Know how to calculate project schedules using program evaluation and review technique (PERT) and critical path method (CPM)
• Identify, assign, and tabulate resource requirements
• Predict costs and work time using specific levels and estimate types
• Plan for contingencies and anticipate variations
• Predict future project performance based on historical data
• Monitor changes and close out projects on time

With the knowledge and skills acquired at the end of the training program, the trainees will learn how to manage the constraints face in any project; limits on time, human resources, materials, budget and specifications. Discover proven ways to work within identified constraints, without letting redefined limits curtail creativity or innovation.

COURSE OUTLINE
Essential Background
• Overview of the project management life cycle
• The triple constraints
• Planning tools
• Project requirements—a review
• The work breakdown structure—a review

The Baseline
• Establishing baselines
• Understanding types of baselines
• Time-phased distribution of costs
• Cumulative cost curves

Resource Allocation and 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
• Four estimating methodologies
• Identifying controllable costs
  - Resource
  - Material
  - Direct
  - Indirect
• Planning for risk with 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

Managing Change Within the Project
• 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
• Controlling costs and schedule late in the project
• 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
• Scope verification
• Contract closeout
• Administrative closure

METHODOLOGY
The course structure is based on PMBOK® Guide from the Project Management Institute, www.pmi.org
Classroom lectures, experience sharing, case studies, exercises and quiz are included to enhance the learning process.

WHO SHOULD ATTEND
Executives, Engineers, Team Members, Team Leaders, Functional Managers, and Project Managers that are participate or manage small to big projects.

PRE-REQUISITE
Pre-requisite to this class is the “Project Management Fundamental” class.

DURATION
2 Days (9am – 5pm)

COURSE FEE
Program 100% Claimable under SBL Scheme
PSDC Members: RM 750/pax
Non-Members: RM 820/pax

All prices listed above are subject to GST effective 1 April 2015.