Introduction

The overall aim of this course is to provide participants with the knowledge and skills needed to perform in-depth analysis of a project during the planning and implementation phases. Participants in this interactive course will learn all the critical tools and techniques required to make decisions to optimize the successful execution of a project in a dynamic environment.

Course Objectives 

• Define project management frameworks, processes, and tools in compliance with the Project Management Institute (PMI) standards

• Apply different techniques that will assist in the project selection process

• Construct project diagrams, schedules, and plans and use different techniques to perform an in-depth analysis of project schedules and plans

• Identify different methods for cost estimating and project budgeting

• Manage time and cost deviations through applying 'earned value analysis'

• Employ risk management plans and apply risk response strategies to ensure successful implementation of the project

• Develop program management plans in compliance with PMI standards

Course Outlines 

Day1:

Overview of project management

• • Defining project management terminologies

  • Project management benefits

  • Triple constraints

  • Project life cycle

  • Project stakeholders

  • Effect of organizational structure

Project selection

• • Project selection models

  • Benefit-cost ratio

  • Average Rate of Return (ARR)

  • Payback period

  • Net Present Value (NPV)

  • Internal Rate of Return (IRR)

  • Decision trees

Day 2:

Project planning and scheduling

• • Project charter

  • Project scope statement

  • Building work breakdown structure

  • Duration estimation

  • Program Evaluation and Review Technique (PERT)

  • Relationships between activities

  • Network diagram

  • Critical Path Method (CPM)

  • Manipulating logic

  • Resource allocation

  • Resource leveling

  • Duration acceleration

Day 3:

Project budgeting

• • Cost estimating techniques

  • Cost baseline

  • Project budget

  • Slack management

  • Compression by crashing

Day 4:

Project control

• • Variance analysis

  • Dashboards and scorecards

  • Key performance indicators

  • Earned value

  • Managing deviations

Project risk management

• • Project risk identification

  • Qualitative risk analysis

  • Quantitative risk analysis

  • Project risk response planning

  • Contingency and management reserves

Day 5:

Program management

• • Program life cycle

  • Developing program work breakdown structure

  • Developing a program schedule

  • Developing program financial plan