Schedule & Cost Control Training Course

Schedule & Cost Control Training Course Package Includes:

• 3 DVDs featuring live instructor-led classroom sessions with full audio, video and Review Quiz Components
• 14 PDU/Contact Hours upon Completion
• Free 1 Year Upgrade Policy

Course Introduction:

Schedule & Cost Control provides participants with real world tools to manage the complex problems surrounding schedule and cost management. Students will learn a variety of tools and techniques to see what works and what does not in the real world of project management.

This course is best suited for intermediate and advanced project managers. Students can claim 14 PDU/Contact Hours upon completion of this course. 

Schedule & Cost Control Training Course Outline:

Course Introduction

• Course Introduction

Quick PM Review

• Agenda
• Quick PM Review
• The PMI-SP Process
• The PMI-SP Exam
• The Basics of PM
• The Five Process Groups
• The PMI Process Model
• The Nine Knowledge Areas

Time Management

• Time Management
• The PMI Scheduling Model
• 6.1 Define Activities
• 6.2 Sequence Activities
• 6.3 Estimate Activity Resources
• 6.4 Estimating Activity Duration
• 6.5 Develop Schedule
• 6.6 Control Schedule
• Decomposition
• Dependencies
• Types of Dependencies
• Precedence Diagramming - Finish to Start
• Precedence Diagramming - Start to Start
• Precedence Diagramming - Finish to Finish
• Precedence Diagramming - Start to Finish
• Conditional Diagramming
• Leads and Lags
• Duration Estimating Methods
• Bottom-Up Estimating
• Analogous Estimating
• Expert Judgment for Estimating
• Parametric Modeling Estimating
• Program Evaluation & Review Technique (PERT)
• Project Evaluation & Review Technique (PERT)
• Resource Considerations
• Schedule Creation

Critical Path Method

• Critical Path Method
• CPM Basics
• CPM Basics 2
• CPM Diagram
• Definitions
• A Basic PDM Diagram
• Add CPM
• Constraints
• Resource Leveling
• Simulation
• Simulation Advantages & Disadvantages
• Duration Compression

Basic Cost Management

• Basic Cost Management
• 7.1 Estimate Cost
• 7.2 Determine Budget
• 7.3 Control Costs
• Types of Cost Estimating
• Bottom-Up Cost Estimating
• Analogous / Top Down Estimating
• Parametric Cost Estimating
• Types of Project Costs
• Estimate Types
• The Cost Baseline
• Total Project Budget

Introduction to Earned Value

• Introduction to Earned Value
• Basic Performance Reporting
• Triangle Reporting
• Basic Terms
• Basic Terms Continued
• Basic Formulas
• The Key to Learning EVT
• Analysis
• Reading EVT Values
• An Example
• Forecasting - ETC
• Forecasting - EAC
• Forecasting - TCPI
• Forecasting - ETTC
• Forecasting - Other Calculations
• Cumulative Cost Curve
• EVT Charting
• EV Performance Radar
• EV 4th Dimension Radar
• Performance Dashboard

Critical Chain Management

• Critical Chain Management
• Section Objectives
• The Current Management Paradigm
• Current Project Schedules
• Project Schedules
• Project Schedules 2
• Project Schedules 3
• Project Schedules 4
• Project Schedules 5
• The Results
• What Else Can You Do?
• Overestimate AKA Pad the Schedule
• Management's Response
• Resources
• A New Paradigm
• The Theory of Constraints
• Theory of Constraints Meets Project Management
• Critical Chain Step 1
• Critical Chain Step 2
• Prevent Multi-Tasking
• Prevent Multi-Tasking 2
• CCPM Key Concepts
• A CCPM Example
• A CCPM Example 2
• A CCPM Example 3
• A CCPM Example 4
• A CCPM Example 5
• A CCPM Example 6
• A CCPM Example 7
• A CCPM Example 8
• A CCPM Example 9
• Reality
• A Better Way
• Measures
• Remember…
• Some Key Ideas

Other Cost Calculations

• Other Cost Calculations
• Present Value (PV)
• Net Present Value Calculation
• Net Present Value (NPV)
• Future Value Calculation
• Internal Rate of Return (IRR)
• Return On Investment (ROI)
• Payback Period
• Benefit Cost Ratio (BCR)
• Opportunity Costs (OC)
• Depreciation
• Common Depreciation Conventions
• Common Depreciation Conventions 2
• Depreciation Formulas
• Depreciation Examples
• Depreciation Examples UP/O
• Depreciation - DDB
• Depreciation - SYD
• Course Closure