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 of Advanced Strategies for Project Manager

• 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 of Advanced Strategies for Project Manager

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