Project Schedule & Cost Control Management

ProXalt® is a Management Training Institute and a Registered Education Provider (R.E.P) for the Project Management Institute (PMI®) since 2006 (R.E.P Id 2697). ProXalt® is a global leader in providing cost effective and quality management training in the industry. ProXalt® has been reviewed and approved as a provider of project management training by the Project Management Institute (PMI)®

COURSE OBJECTIVE & COURSE DESCRIPTION

To present a broad understanding of the concepts of scheduling & Cost Control. Additionally, to present tools and techniques needed for the development and application of cost control, budgeting, and scheduling.

A key aspect of any project development is the control of the principle resources of money and time. To achieve effective control, one must have a plan, which acts as a benchmark against which to monitor and assess performance. The plan for cost management is a budget. The plan for time management is a schedule. This course will provide participants with a clear understanding of the purpose and application of cost control techniques/budgets and schedules, an overview of the tools for developing both and will also discuss the relationship between the two. These will be examined not only from the aspect of the project controller but from the various aspects of all stakeholders in a project.

Target Audience

  • Project Managers
  • Senior Project Managers
  • Lead Project Managers/Engineers
  • Senior Business Analysts
  • Project Coordinators
  • Who needs 24 PDUs towards Project Management Professional (PMP)® certification renewal

How will you benefit?

Find out how to develop estimates/budgets and apply budgeting techniques for your projects from concept through completion

  • Learn to minimize and resolve costly, time-consuming estimates on projects through understanding of procedures, requirements/needs and rules of conduct on projects
  • Avoid the pitfalls and frustrations of contract planning and scheduling
  • Learn various techniques to develop schedules and how to use them for planning
  • Become familiar with team approach for achieving budgeting and scheduling goals
  • Discover the value and importance of tomorrow’s computer tools
  • Evaluate various tools and techniques related to budgeting and scheduling

Course Format

Course Format & Schedule

Duration of the course: 24 hours

  • Instructor Lead Online (individuals) – Three (3) hour/session for 8 sessions
  • On-Site (corporate) – Three (3) consecutive days from 9:00am to 5:00pm

PDUs Earned:

24 PDUs towards Project Management Professional (PMP)® certification renewal

Course Price:

US $520*



Course Contents

PROJECT MANAGEMENT PROCESSES

  • Processes
  • Process Group
  • Process Interactions

PROJECT DEFINITION

  • Discussion
  • Content

PROJECT JUSTIFICATION

  • Discussion
  • Basis for Justification
  • Present Value Method
  • Triple Constraints (Scope, Schedule, and Cost)

PROJECT ORGANIZATION, PLANNING & SCHEDULING, ESTIMATING AND BUDGETING

  • Discussion
  • Classes of Estimates
  • Cost Categories
  • Contingency and Escalation
  • Budgeting for Cash Flow

WORKSHOP – ESTIMATION

  • Participants will meet in small groups to discuss and suggest the solution to the case study problem. A representative from each group will present the solutions to all participants.

PROJECT COST MANAGEMENT

  • Discussion
  • Project Control Technique

PROJECT COST ESTIMATING

  • Discussion
  • Estimating Categories
  • Developing or Checking an Estimate
  • Cost Breakdown Charts

PROJECT ORGANIZATION, BUDGETING & SCHEDULING IMPACT

  • Classes of Impact Costs
  • Pricing Techniques

PLANNING

  • Project Planning
  • What is involved?
  • Why do Plans fail?
  • Importance of Planning

PROJECT SCHEDULING

  • Scheduling Process
  • Scheduling Techniques
  • Bar (Gantt) Chart
  • Milestone Charts
  • Network
  • Network Analysis – Calculations

SCHEDULING AND TRACKING WORK PROGRESS

  • Delay and Contract Completion
  • Cost of Planning
  • Scheduling Techniques

HOW TO DEVELOP A CPM NETWORK

  • Schedule updating
  • Value Analysis of various options
  • How to maintain an as built Schedule

PERFORMANCE MEASUREMENT – TRIPLE CONSTRAINT

SCHEDULE & COST CONTROL

  • INLINE WITH PMBOK
  • GROUP ACTIVITY
  • SCHEDULE & COST CONTROL TEST




Course Package Includes

  • ProXalt Schedule & Cost Control Management Knowledge Book
  • Downloadable (PDF) PMBOK® Guide – Process Documents
  • Course Final Exam
  • 24 PDUs towards Project Management Professional (PMP)® certification

Project Schedule & Cost Control Management Registration