Program Outline (1.2 CEUs)
Day 1
Introduction
· Course Objectives
· What is Project and Planning Controls?
· Why do we need Project and Planning Controls?
· The Nature of Project and Planning Controls
· Project and Planning Controls Implementation- Framework
· The integrated Cost and Schedule Control Processes
o Balancing the Triple Constraint
Scope Planning and Control
· Understanding the Job (What's in…What's Out)
· A Work Breakdown Structure (WBS) to Scope the Project
· How to develop a well-designed WBS
Time Planning & Control
· Planning/ Scheduling a Project
· How to develop a project schedule
o Activity Definition
o Activity Sequencing
§ Types of Dependencies
§ Types of Relationships
§ Leads and Lags
§ Building a Network Logic Diagram
§ Methods of Network Scheduling (Arrow Diagramming & Precedence Diagramming)
o Activity Resource Estimating
o Activity Duration Estimating
o Schedule Development Methods
§ Gantt Chart/ Bar Chart Method
§ Critical Path Method (CPM)
§ PERT Method
· Analysing and Adjusting the Schedule
o Analyzing the Critical Path Using PERT/ Monte Carlo Simulation
o Schedule Compression Methods
· Developing the Project Schedule Baseline
· Basis of Schedule Documents
Day 2
Cost Planning and Control
· Cost Estimating
o Cost Estimating Tools & Techniques
o Cost Estimating Types/ Classifications
· Cost Budgeting
o The Control Account & Control Account Plan
o Budget Allocation
o Baselining the Cost
Scope, Schedule, Cost, & Project Baseline
· What is a baseline
· Cost and Schedule Baselines
· Establishing a Project’s Performance Measurement Baseline
· Freezing the Project Baseline
Execution of Project and Planning Controls
· Collect/ Record Schedule Status
· Record/ Measure Cost Status
o Understanding Earned Value Management Concept
o Measure Earned Value Key Components
o Select Performance Measurement Methods
Earned Value Analysis