Project Scheduling & Cost Planning Skills

Course overview

Course outline

1. 1Day One: Project Estimating Basics

   • Basic project management definitions
   • Triple constraints – Time, Cost, Scope
   • Project selection methods
   • Defining project scope
   • Cost & schedule estimation, Cost budgeting & control
   • Project schedule management using the Critical Path Method
2. 2Day Two: Developing Project Budget & Schedule Control

   • Resource requirements
   • Direct & indirect project costs
   • Planning and scheduling limited resources
   • Options for accelerating the schedule
   • Crashing the schedule - How?
3. 3Day Three: Managing the Risk

   • Risk identification, analysis & management
   • Contingency reserve
   • PERT, probability and standard deviation formulae
   • Network activity risk profiles
   • Application: Estimating project duration
   • Project risk strategies
4. 4Day Four: Measuring Project Performance

   • 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
5. 5Day Five: Managing and Recovering Project Estimates

   • Schedule variances & cost variances
   • Progress control charts -trend analysis
   • Schedule and cost variance forecasting
   • Schedule and cost recovery analysis
   • Schedule and cost recovery plan
   • Project recovery baselines and controls