Scheduling and Cost Control

Core Project Management Courses

You will learn to:

  • Use the work breakdown structure to develop a network diagram
  • Calculate the schedule and cost estimates using PERT and CPM
  • Plan for schedule, scope, and cost variations
  • Predict future project performance based on historical data
  • Predict, assign and tabulate resource requirements
  • Monitor changes and close out projects on time

Course Synopsis


In this course you’ll focus on managing the constraints you face in any project: limits on time, human resources, materials, budget and specifications. Discover proven ways to work within your identified constraints, without letting predefined limits curtail creativity or innovation. You’ll gain hands-on experience, practicing your skills in building project requirements and the work breakdown structure. You’ll learn a sound, logical framework for scheduling and controlling project activities. And you’ll master techniques for estimating, forecasting, budgeting, monitoring, controlling, analysing and reporting costs and interpreting the meaning of earned-value data. Individual and small-group exercises feature scenarios that help hone these skills, and a comprehensive toolkit provides practical field guidance.

Course Topics


Essential Background
  • Overview of the project management life cycle
  • The triple constraint
  • Planning tools
  • Project requirements—a review
  • The work breakdown structure—a review

Resource Allocation and Estimating

  • Using estimates for scheduling and cost control
  • The basic rules of estimating
  • Levels of estimating and estimate types
  • Four estimating methodologies
  • Identifying controllable costs
  • Planning for risk with contingency
  • Building the project resource pool
  • Time-controlled estimates
  • Resource-limited estimates

Scheduling

  • Network scheduling
  • Validating schedules
  • Arrow diagrams and precedence diagrams
  • Basic scheduling and network calculations
  • Advanced precedence relationships
  • Alternative constraints
  • Gantt and milestone charts

The Baseline

  • Establishing baselines
  • Understanding types of baselines
  • Time-phased distribution of costs
  • Cumulative cost curves

Managing Change Within the Project

  • The process of control
  • Identifying sources of change
  • Screening change
  • Updating the project plan
  • Communicating change

Evaluation and Forecasting

  • Causes of variances
  • Establishing the “data date” for evaluation
  • Controlling costs and schedule late in the project
  • Components of the project audit
  • Establishing a monitoring system
  • Earned value

The Exit Strategy

  • Steps in completing the project
  • Scope verification
  • Contract closeout
  • Administrative closure


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Open enrolment course information


Professional Development Units (PDUs): 28.0


Technical Project Management (PDUs): 28.00

Leadership (PDUs): 0.00

Strategic & Business Management (PDUs): 0.00

Duration: 4 days

Course Dates (click on a date to register) :


Expression of Interest
No dates for this course are currently scheduled.
Please contact us at +61 2 8999 9162 or email infoau@strategyex.com for more information or to register your interest.

This course is available in eTraining format. If you choose to take up this course in eTraining format, there is a 42-days window to complete the course.
To register for this course click here. To find out more information about eTraining, click here.
This course is available as an in-house corporate training. To find out more about corporate training for your organisation, contact us.

PMBOK® Guide knowledge areas: