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


  • 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 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: