Project Scope Planning and Definitions (Fundamentals)

• Introduction to Project Management
• Scope Planning
• Work Packages
• Scope Execution Plan
• Triple Constraints - Time Cost, Scope
• Project Delivery Systems

Project Schedule Planning

• Economic Evaluation and impact of interest rates
• Work Breakdown Structures (WBS)
• Project Estimating
• Gantt Chart - Schedule Baseline
• Precedence Network Diagramming
• Building schedule logic
• What is float?

Critical Path and Network Scheduling

• Activity development
• Network calculations
• Forward and backward pass
• Lead and Lag Scheduling
• Program Evaluation and Review Technique (PERT)
• Time-Cost-Scope Trade-off

Advanced Planning Methods and Project Control

• Preparing a Line of Balance Schedule (LSM)
• Project Control Systems
• Earned Value Analysis
• Earned Value Reporting
• Resource Allocation Algorithms for Resource Prioritization
• Time and Cost Tradeoff

Progress Reporting and Schedule Acceleration

• Progress Tracking and Monitoring
• Options for Accelerating the Schedule
• Crashing the Schedule - How?
• Lean Approaches

Cost Estimating Basics

• Basic Project Management definitions
• Cost Selection Methods
• Typical project terminology & setting up for success
• Project cost management
• Cost estimation
• Cost Budgeting
• Cost Control
• Triple Constraints – Time, Cost, Scope
• Understanding project management inputs to cost estimation
• Resource and Cost Allocation

Developing The Project Budget & Cost Control

• Project management inputs to cost budgeting
• Resource Requirements
• Direct & Indirect Project Costs
• PERT, Probability and Standard Deviation Formulae
• Calculating the Standard Deviation
• Earned Value Control Process
• Schedule Variances
• Earned Value Analysis
• Earned Value Reporting
• Project Variance Analysis and Quantification
• Schedule Performance Index (SPI)
• Cost Performance Index (CPI)
• Estimate At Completion (EAC)
• Estimate To Complete (ETC)

Managing Cost Risk

• Risk Analysis & Management
• Risk Identification
• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Risk & Probability Matrix
• Risk Response Strategy
• Contingency Reserve
• Watch List
• Acceptance Strategy
• The S-Curve for Risk & for Cost

Contract Types & Compensation Arrangements

• Procurement Management
• Make or Buy Analysis
• Procurement documents
• Contract types
• Risk distribution in contracting
• Project risk profiles
• Contract types according to risk distribution
• Fixed Price Contracts
  • Firm Fixed Price
  • Fixed Price with Economic Adjustment
• Incentive Contracts
  • Fixed Price Incentive
  • Cost Plus Incentive
• Cost-Plus Contracts
  • Cost Reimbursement
  • Cost Plus Award Fee
  • Cost Plus Fixed Fee
• Time-and-Materials
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