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Project Scheduling and Budgeting
Transforming Project Constraints into Project Success

Course: 248   Type: RealityPlus   Duration: 3 Days
Quick Enrol  

You Will Learn How To

  • Construct realistic schedules and budgets to achieve cost-effective and timely project delivery
  • Facilitate strong team estimates which factor in uncertainty
  • Calculate Critical Path from well-defined network diagrams
  • Allocate accurate and realistic costs and chart expected cash flow
  • Assign resources effectively and respond to end-date changes
  • Perform Earned Value Analysis (EVA) to keep the project on track

Course Benefits
Project managers must balance scant resources, tight budgets and strict deadlines all in the face of ever-increasing customer expectations. This course provides the core scheduling and budgeting skills required to deliver critical projects on time and within budget. By performing tasks manually and with spreadsheets, rather than relying on project management software, you learn vital techniques for future project success.

Who Should Attend
Project managers, those following the PMBOK® Guide, and others who wish to enhance their scheduling and budgeting skills. Project management knowledge at the level of Course 296, "Project Management: Skills for Success", or Course 340, "Project Management for Software Development", is strongly recommended.

RealityPlus
Through a challenging multimedia-simulated case study, you practice essential project estimating and scheduling techniques to build and manage a workable project plan. Activities include:
  • Building an activity-on-node network diagram
  • Determining your task durations using three-point estimates
  • Reviewing and improving the estimating process and presenting the results
  • Calculating Critical Path
  • Finding and fixing errors in the Gantt chart
  • Determining the project costs, total budget and resource requirements
  • Employing EVA to assess project status, reforecast schedule and costs, and produce project status reports
  • Adapting to sudden change
  • Reviewing project team estimates, costs and status for accuracy and consistency

Course Content
Introduction
  • Estimating and completing a project
  • Comparing estimates to actuals
  • Defining project success criteria
Best Practices for Project Planning
Building the foundation
  • Developing a WBS
  • Adopting a product-oriented focus
  • Identifying the appropriate level of detail
Diagramming network relationships
  • Applying network diagrams: AOA, AON
  • Reviewing CPM and PERT
  • Defining precedence relationships
  • Establishing dependencies
  • Determining lead and lag times
  • Constructing PDM diagrams
Developing Realistic Estimates
Choosing the right estimating model
  • Engaging subject-matter experts: the Delphi technique
  • Preparing analogous estimates
  • Applying parametric techniques to estimates
  • Contrasting bottom-up and top-down methods
  • Determining a Rough Order of Magnitude (ROM) estimate
Dealing with uncertainty
  • Formulating three-point estimates
  • Factoring in contingency
Integrating the Schedule and Critical Path
Computing the Critical Path
  • Adding task durations to determine path lengths
  • Calculating activity Start and End dates
  • Determining the critical path
  • Identifying near-critical paths
Creating Gantt charts
  • Building Gantt charts following industry standards
  • Representing the relative durations of activities graphically
Fine-tuning your plan
  • Calculating and using float
  • Planning delivery by applying earliest start times
Building a Budget
Categorising project costs
  • Identifying direct and indirect cost elements
  • Itemising capital expenses
  • Costing based on WBS tasks
  • Aggregating project costs
Modelling costs
  • Calculating total project costs
  • Adding costs to the schedule
  • Scheduling cash accruals
  • Building the project cash flow
  • Analysing contingency reserves
Realistic Resourcing
Schedules that make sense
  • Factoring in productivity
  • Allocating resources effectively: resource aggregation, levelling and smoothing
  • Addressing resource constraints: rescheduling and resourcing strategies
Responding to delivery-date changes
  • Fast-tracking the project plan
  • Crashing the Critical Path
Measuring and Improving Performance
Monitoring your plan
  • Recording actual durations and costs
  • Summarising project status
  • Determining project progress
Performing EVA
  • Calculating schedule and budget efficiency
  • Quantifying cost and schedule variance
  • Projecting impact on project outcomes
  • Mapping EVA to cost accounting
  • Reconciling project issues
Communicating with Stakeholders
  • Working with inbound information
  • Building outbound reports
  • Identifying the right level of detail
  • Interfacing project information with organisational reporting needs
  • Aligning project monitoring to project planning

Related Courses
The PMI R.E.P. logo is a registered mark of the Project Management Institute, Inc. RealityPlus is a trademark of Learning Tree International.
  

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Project Scheduling and Budgeting
Course Schedule
15 - 17 Oct, 2008
London
21 - 23 Jan, 2009
London
6 - 8 May, 2009
London
 
RealityPlus
For more information, click here.
 
The most recent 100 evaluations scored this course at:

  (3.63/4.00)
 

£ 1,395 - Standard Tuition
Savings Plans
£ 735 - 10-Day Training Pass
£ 915 - Flex-Training Passport
£ 1,000 - Short Course Vouchers
£ 1,255 - Alumni Gold Tuition

 
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Customer Service or Enrol: 0800 282 353 or +44 1372 364610