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IMCPM04 Project Scheduling and Cost Control

IMCPM04
Duration: 3 days
PDUs: 24

What is Project Scheduling and Cost Control?

Project Scheduling is a three-day (3 day) course which provides participants with a solid understanding of the concepts and techniques to plan, schedule, monitor and control time and resources on a project.
The course is aligned to the knowledge areas of the Project Management Body of Knowledge (PMBOK®) Guide and links through the five key project management processes required for all projects including: initiating, planning, executing, monitoring & controlling and closing.

Audience

  • Project Managers
  • Project Controlers
  • Project Schedulers
  • Project Engineers
  • Contract Managers
  • Contract Administrators

Prerequisites

There are no entry requirements for this qualification.

Modules

  • Deriving information from project scope and constraints
  • Identifying manageable activities
  • Building a deliverable-oriented WBS that defines the scope of the project
  • Translating a WBS into an activity list
  • Project Scheduling & Time Management techniques
  • Applying network diagrams, CPM and PERT
  • Defining precedence relationships, establishing dependencies and determining lead and lag times
  • Differentiating between estimating models, and the difference between effort and duration
  • Estimating for activity duration and the use of productivity to determine true duration
  • Conducting a forward and a backward pass through the network diagram to determine activity start and end times
  • Calculating float to identify areas of flexibility in the schedule
  • Calculating the critical, near-critical, and noncritical path
  • Creating Gantt charts
  • Establishing the project duration and end date
  • Identifying resource requirements and building a resource breakdown structure
  • Identifying the project resource pool and resource constraints
  • Creating a baseline schedule
  • Maintaining the Schedule
  • Collecting activity status from activity owners
  • Recording actual durations
  • Updating the project schedule
  • Determining the variance between planned and actual values
  • Forecasting the impact to the Critical Path and project duration
  • Distinguishing between fast-tracking the project and crashing the critical path
  • Estimating costs
  • Change management and control
  • Establishing standard project report

Course Objectives

  • Identify and document project requirements
  • Facilitate the process of identifying and estimating project activities
  • Develop an accurate schedule for project deliverables
  • Use the work breakdown structure to develop a network diagram
  • Calculate schedules using PERT/CPM
  • Manage contingencies
  • Predict future project performance based on historical data
  • Monitor and control the project schedule, and determine if the project will complete on schedule
  • Identify and implement strategies to crash and fast track project schedules
  • Identify, assign and tabulate resource requirements
  • Forecast and track resource usage