Course Objectives

• Understand project management framework, processes and tools in compliance with Project Management Institute (PMI) standards.
• Focus on time and cost management.
• Learn different methods of constructing project diagrams, schedules and plans.
• Learn tools and techniques necessary to perform an in-depth analysis on project schedules and plans.
• Identify different methods for cost estimation and project budgeting and capital budgeting.

Who Can Benefit

• Project Managers, Contract Administrators

Course Outline:

• Overview of Project Management
  • What Is a Project?
  • Project Life Cycle
  • Project Scope Management
  • Building Work Breakdown Structure
  • Activities and Milestones
• Dependencies and Duration Estimation
  • Analogous Estimating
  • Parametric Estimating
  • Three Point Estimate
  • Mandatory and Discretionary Dependencies
  • Relationships between Activities
• Project Scheduling
  • Arrow Diagramming Method
  • Precedence Diagramming Method
  • Constructing Project Network Diagrams and Schedules
  •  Critical Path Method
• Project Cost Budgeting and Analysis
  • Cost Estimation Techniques
  • Cost Budgeting
  • Resource Allocation
• Over-Allocation and Resource Leveling
  • Earned Value
  • Variances
  • Cost and Schedule Indexes

• Capital Budgeting
  • Net Present Value
  • Payback Period
  • Benefit Cost Ratio
  • Internal Rate of Return

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