Project Scope, Schedule, and Cost Management

  • Project Scope, Schedule, and Cost Management


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  • BEHAVIORAL COMPETENCIES

    • Action-oriented
    • Collaborates
    • Directs work
    • Drives results
    • Ensures accountability
    • Optimizes work processes
    • Plans and aligns
    • Resourcefulness

  • SKILLS

    • Costing and budgeting
    • Project communications  management
    • Project cost and budget  management
    • Project estimating
    • Project resource planning and
    • control
    • Project schedule management
    • Project scope management
    • Project tracking and reporting

synopsis

Project Scope, Schedule, and Cost Management is a three-day, integrated, case-study-based class. It emphasizes how vital adequate scope, schedule, and cost management are in projects. The course case study models the importance of applying lessons learned and the need for greater project performance predictability by better managing scope, schedule, and cost knowledge areas. Delegates will practice their skills in developing project requirements and the work breakdown structure. They will learn how to develop and implement a sound, logical framework for planning, monitoring, and controlling project activities. Participants will master techniques for estimating, budgeting, analyzing, forecasting, and reporting costs and interpreting the meaning of earned-value data. This course is aligned with the latest versions of A Guide to the Project Management Body of Knowledge® (PMI® Guide to the PMBOK®), PMI® Standard for Earned Value Management, PMI® Practice Standard for Work Breakdown Structures, PMI® Practice Standard for Scheduling, and PMI® Practice Standard for Project Estimating.


Attending the "Project Scope, Schedule, and Cost Management" course offers numerous benefits that can positively impact your career and project management capabilities. Here are some of the key benefits:

  • Comprehensive Knowledge: Gain a deep understanding of project scope, schedule, and cost management, equipping you with the knowledge needed to excel in these critical areas.
  • Effective Project Management: Learn how to effectively plan, execute, and control projects, ensuring they stay on track and within budget.
  • Scope Management Excellence: Master scope management, enabling you to define project boundaries, manage changes, and align deliverables with project objectives.
  • Strategic Scheduling: Develop skills in scheduling and sequencing tasks, allowing you to create schedules that optimize resources and reduce risks.
  • Cost Control Expertise: Acquire expertise in cost estimation, budgeting, and control, ensuring that projects stay financially on course.
  • Industry Alignment: Align your knowledge with industry standards and best practices, including those from PMI® and other respected organizations.
  • Improved Performance: Enhance your ability to predict and improve project performance by applying effective scope, schedule, and cost management techniques.
  • Hands-On Experience: Engage in practical exercises, case studies, and simulations that allow you to apply your learning in real-world scenarios.
  • Networking Opportunities: Collaborate and network with fellow professionals, sharing insights and experiences in project management.
  • Career Advancement: Boost your career prospects by acquiring essential project management skills and certifications.
  • Preparation for Certification: Prepare for relevant project management certifications with a strong foundation in key knowledge areas.
  • Increased Confidence: Gain the confidence to lead projects successfully and make data-driven decisions.
  • Value to Organizations: Bring enhanced project management skills back to your organization, contributing to project success and delivering value.
  • Adaptability: Be prepared to tackle dynamic project environments with multiple feedback effects and nonlinear responses.
  • Holistic Thinking: Shift your thinking from dealing with individual elements to understanding and managing projects as whole systems.
  • Effective Communication: Learn how to effectively communicate complex project insights and findings to stakeholders.
  • Competitive Edge: Stand out in the competitive field of project management with advanced scope, schedule, and cost management skills.


By attending this course, you will gain knowledge and practical tools and experiences that empower you to manage projects more effectively, deliver successful outcomes, and advance your career in project management.


You can attend this course in one of the following formats: 

  1. instructor-led training in a live, virtual classroom,
  2. e-training (on-demand),
  3. instructor-led training in a live classroom, and
  4. blended (on-demand and live sessions).

you will learn how to

At the end of this course, you should be able to:

  • Develop a project work breakdown structure (WBS).
  • Use a to develop a network diagram.
  • Develop and manage schedules using the critical path method. 
  • Identify, assign, and tabulate resource requirements.
  • Optimize project resources using techniques like smoothing and leveling.
  • Estimate efforts, costs, and work time using specific levels and estimate types.
  • Plan for contingencies and anticipate variations.
  • Forecast future project performance based on historical data.
  • Monitor changes and closeout projects on time.
  • This course uses digital materials.

audience

The audience for the "Project Scope, Schedule, and Cost Management" course includes a diverse range of professionals who are involved in project management or seek to enhance their project management skills. This course caters to individuals from various backgrounds and roles within the project management landscape. The primary audience includes:

  • Project Managers: Experienced and aspiring project managers looking to strengthen their project management capabilities and improve their ability to effectively manage project scope, schedule, and costs.
  • Team Leads: Team leaders responsible for guiding project teams and ensuring the successful execution of project tasks. This course equips them with valuable insights into project planning and control.
  • Business Analysts: Understanding scope management is essential for business analysts who define project requirements and ensure alignment with project objectives. 
  • Cost Estimators: Professionals involved in estimating project costs, developing budgets, and monitoring expenses. This course enhances their cost management expertise.
  • Project Stakeholders: Individuals who have a vested interest in project outcomes, including clients, sponsors, and executives. Gaining knowledge in project management fundamentals can help them engage more effectively.
  • Anyone Seeking Project Management Excellence: This course is open to anyone interested in acquiring a solid foundation in project management principles, including scope, schedule, and cost management. It suits those considering a career transition or seeking to broaden their skill set.

This inclusive course welcomes participants from various industries, sectors, and experience levels. Whether you're new to project management or a seasoned professional looking to enhance your skills, this course provides valuable insights and practical tools for success in project management.

OUTLINE

  • MODULE 1: FUNDAMENTALS OF PLANNING, MONITORING, AND CONTROLLING

    At the end of this module,  you should be able to:

    1. Discuss a project management plan.
    2. Explain the value of a project management plan and why it is so vital to project success.
    3. Identify the project management plan as a front-end loading best practice. 
    4. Discuss the timing of a project management plan.
    5. Describe the project leadership behaviors that lead to successful project management planning.
    6. Define a project management plan and its typical components.
    7. Describe the development process for a project management plan.

  • MODULE 2: PROJECT SCOPE MANAGEMENT

    At the end of this module, you should be able to:

    1. Define project scope management.
    2. Define product scope and project scope.
    3. Describe the process of plan scope management.
    4. List examples of contents of a scope management plan.
    5. List the examples of contents of a requirements management plan.
    6. Discuss the attributes of a quality requirement statement.
    7. Describe the create work breakdown structure (WBS) process.
    8. Define scope baseline.
    9. Define a control account.
    10. Define a planning package.
    11. Discuss the two approaches for negotiating the project scope.
    12. Define contracting and procurement strategy.
    13. Discuss the importance of contracting and procurement strategy.
    14. Describe the contracting and procurement strategy development process.
    15. Define the components of a contracting and procurement strategy.
    16. Analyze product requirements.
    17. Develop a WBS.
    18. Practice using WBS development checklists.
    19. Develop a contracting and procurement strategy.

  • MODULE 3: PROJECT SCHEDULE MANAGEMENT

    At the end of this module,  you should be able to:

    1. Define project schedule management.
    2. Describe the process of plan schedule management.
    3. List examples of contents of a schedule management plan.
    4. Describe the process of defining activities.
    5. Describe schedule levels and their roles in projects.
    6. Define a master control schedule (MCS).
    7. List the basic requirements for good schedules.
    8. Describe the process of sequence activities.
    9. Explain the concepts of lead and lag.
    10. Explain the four types of relationships used in precedence diagraming methodology (PDM).
    11. Define a hammock activity.
    12. Describe the process of estimating activity durations.
    13. Describe the process of estimating activity resources.
    14. Describe a resource breakdown structure.
    15. Discuss resource optimizing techniques.
    16. List strategies for compressing project duration.
    17. Explain the impact of accelerating mega projects on costs, operability, and schedule.
    18. Apply best practices in cost/duration trade-off.
    19. Explain the critical chain scheduling approach.
    20. Develop a level 1 schedule.
    21. Develop a resource-loaded schedule. 
    22. Perform resource-leveling.
    23. Analyze PDM network with additional constraints.
    24. Compress project duration.

  • MODULE 4: PROJECT COST MANAGEMENT

    At the end of this module, you should be able to:

    1. Define project cost management.
    2. Describe the process of plan cost management.
    3. List examples of contents of a cost management plan.
    4. Establish estimating terminology.
    5. Describe the different classes of cost estimates and their uses.
    6. Describe the process of estimating costs.
    7. Describe typical cost estimating methods.
    8. Discuss roles and responsibilities associated with cost estimating.
    9. List cost estimating success factors.
    10. Describe the process of determining the budget.
    11. Describe the components of a cost estimate.
    12. Estimate activity cost and activity duration.
    13. Conduct a cost estimate review.

  • MODULE 5: PROJECT BASELINES

    At the end of this module, you should be able to:

    1. Define a project baseline.
    2. List fundamental rules associated with establishing a baseline.
    3. Develop a performance measurement baseline.

  • MODULE 6: PROJECT MONITORING AND CONTROLLING

    At the end of this module, you should be able to:

    1. Define methods for measuring project progress.
    2. Apply earned value management (EVM) to a project.
    3. Determine when a project is out of control.
    4. Evaluate project performance.
    5. Apply best practices in communicating project performance information.

Project scope, schedule, and cost management FAQs

  • What background do I need for this course?

    This is an intermediate course. A prerequisite for attending this course is Project Management Essentials or equivalent.

  • Is the on-demand content the same as the 3-day instructor class?

    The content and concepts are very similar. We designed the on-demand class to be suitable for a digital, self-study format.

  • What will I receive in the self-study, interactive course?

    At the end of this course, you will receive: 


    • 24 hours of content,
    • a printable student guide, 
    • interactive video lessons with personalized navigation,
    • instructor email support,
    • a student discussion board where you can engage and chat with other students,
    • interactive games, 
    • Interactive learning assessments, and
    • practice exams.

  • How will I access my course materials if I choose on-demand method?

    When we receive the payment, you will receive an email from INDENTRA LTD. with all the links and information you need to get started.

  • How can I sign up for a review session or an Instructor-led version of this course?

    Once you enroll in the course, INDENTRA LTD will send you an email with the specific details and dates.

  • How to schedule my instructor-led training?

    At any time, you may call or email our customer service team for assistance in enrolling in the event date of your choice. Alternatively, you can choose to use the online scheduling feature.

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