Planning, Scheduling & Cost Estimates in Projects

Course Overview

This course develop your skill and knowledge to deliver  successful project, which is the cost performance and ability to meet project deadlines. The reliable cost, planning and schedule is one of the critical skills in projects. This training explains project Planning that integrated with schedule  and cost control included budget,  managing risk, measuring project performance and develop project recovery plan

The participant will be able to :

·       Integrate scope, time, resources, and cost management

·       Estimate and allocate project costs and resources

·       Managing risk how to mitigate schedule, cost, scope, and resource risks associated with the project

·       Measure, forecast and control project performance

·       Develop a project recovery plan for budget and schedule overruns

Duration

 5 days

Who Should Attend

·       The Managers

·       Project Managers

·       Construction Managers

·       Procurement and Contract Manager

·       Scheduler

·       Project Cost Estimators

·       Project Control

·       Cost Controllers

·       Planners

·       Project Engineer

·       Professionals who are interested in project initiation, project estimating and budgeting, and development 

Course Outline

Day 1 - Fundamentals of Project Planning

·       Project Scope Definitions

·       Project Selection Methods

·       Project Management Definitions

·       Triple Constraints (Time, Cost, Scope)

·       Project Deliverables

·       Project  Risk Analysis

Day 2 - Project Schedule Control and Budget

·       Project Schedule Management Using the Critical Path Method

·       Resource Requirements

·       Lead and Lag Scheduling

·       Schedule Baseline (Gantt Chart)

·       Project Estimating Processes

·       Project Cost Reduction

·       Cost & Schedule Estimation

·       Cost Budgeting & Control

Day 3 - Risk Management in Projects

·       Risk Identification, Assessment, And Analysis

·       Contingency Reserve

·       PERT, Probability, and Standard Deviation

·       Network Activity Risk Profiles

·       Project Risk Strategies

·       Application Estimating Project Duration

Day 4 - Project Performance Measurement

·       Critical Chain Analysis and Use Of Buffers

·       Comparison of Unbalanced With Balanced Schedules

·       Measuring Planned Progress on Schedule

·       Risk Distribution in Contracting

·       Actual Progress and Work Conditions

·       Managing Variable Conditions

Day 5 - Project Recovery and Controls

·       Progress Control Charts and Trend Analysis

·       Schedule Variances and  Cost Variances

·       Schedule And Cost Variance Forecasting

·       Schedule And Cost Recovery Analysis

·       Schedule And Cost Recovery Plan

·       Project Recovery Baselines and Controls