C L A R I D E N August 2014

Transcription

1 C L A R I D E N August 2014 Knowledge for the world business leaders Intercontinental Hotel, Sydney Controlling Construction Project Cost, Schedule and Execution in Australia Faculty Director Dr. Hemanta Doloi Senior Lecturer specializing in Project and Construction Management at University of Melbourne Honored the internationally competitive Infinite Value Award in Research and Teaching administered by the Australian Institute of Quantity Surveyors (AIQS) Widely consulted for areas in Project Costs, Risk and Uncertainty Management, Project Scheduling, Tracking and Control, Project Economics and Financial Analysis and Project Management Fundamentals Dr. Hemanta Doloi is currently a Senior Lecturer specializing in Construction and Project Management at the University of Melbourne. He has previously held appointment as a Project Manager and has gained many years of practical management experience as a Senior Civil Engineer with numerous multinational construction companies in Australia and globally. Dr. Doloi also holds a professional engineering membership from Engineers Australia since Dr. Doloi is at the forefront of conducting numerous empirical and conceptual research in vast areas of construction and project management including project failures and success, risks and uncertainty minimization, quantification of social sustainability and value creation in capital projects. His research has resulted in the establishment of a new project management concept known as Life Cycle Project Management (LCPM) empowering optimal decision making across project life cycle. Dr. Doloi published over 120 research papers in international refereed journals and conferences, 11 book chapters and over 20 corporate training manuals on areas in project management. In 2012, Dr. Doloi s outstanding contribution into research and teaching has been recognized by honouring him an internationally competitive Infinite Value Award in Research and Teaching administered by the Australian Institute of Quantity Surveyors (AIQS).

2 2014 Clariden Global Executive Education Controlling Construction Project Cost, Schedule and Execution in Australia FACULTY DIRECTOR Dr. Hemanta Doloi Senior Lecturer specializing in Project and Construction Management at University of Melbourne Honored the internationally competitive Infinite Value Award in Research and Teaching administered by the Australian Institute of Quantity Surveyors (AIQS) Widely consulted for areas in Project Risk and Uncertainty Management, Project Scheduling, Tracking and Control, Project Economics and Financial Analysis and Project Management Fundamentals Dr. Hemanta Doloi is currently a Senior Lecturer specializing in Construction and Project Management at the University of Melbourne. He has previously held appointment as a Project Manager, and has gained many years of practical management experience as a Senior Civil Engineer with numerous multinational construction companies in Australia and globally. Dr. Doloi holds a professional engineering membership from Engineers Australia since Dr. Doloi is at the forefront of conducting numerous empirical and conceptual research in vast areas of construction and project management including project failures and success, risks and uncertainty minimization, quantification of social sustainability and value creation in capital projects. His research has resulted in the establishment of a new project management concept known as Life Cycle Project Management (LCPM) empowering optimal decision making across project life cycle. Dr. Doloi published over 120 research papers in international refereed journals and conferences, 11 book chapters and over 20 corporate training manuals on areas in project management. Dr. Doloi is widely consulted for areas in Project Risk and Uncertainty Management, Project Scheduling, Tracking and Control, Project Economics and Financial Analysis and Project Management Fundamentals. Dr. Doloi is also consulted by public and private agencies as independent assessor and reviewer on numerous cost, time, quality related issues in projects. In 2012, Dr. Doloi s outstanding contribution into research and teaching has been recognized by honouring him an internationally competitive Infinite Value Award in Research and Teaching administered by the Australian Institute of Quantity Surveyors (AIQS). EXECUTIVE SUMMARY Program: Dates: Location: Controlling Construction Project Cost, Schedule and Execution in Australia August 2014 Intercontinental Hotel, Sydney Early Bird 1 (Register & pay by 3 July 2014): Early Bird 2 (Register & pay by 31 July 2014): Regular Tuition Fee: AUD 2,550 AUD 2,750 AUD 2,850 Group discount of 10% for 2nd participant from the same organization. For limited time only by 31 July 2014 register 3 participants and the 4th participant will receive a complimentary seat (One discount scheme applies) 2

3 Controlling Construction Project Cost, Schedule and Execution in Australia 2014 Clariden Global Executive Education Program Essence: In a recent study published by the Government, Australia is becoming one of the most expensive countries to build. Rising costs has made it imperative for construction costs to be kept in check and for project schedules to be managed on time. This comprehensive 2-day program will equip construction and project professionals with the skills required to ensure effective cost control and planning to aid in their decision making, and for controlling costs overruns in order to deliver construction project on time and within budgeted costs. You will gain on-the-ground industry insights into different types of contracting and procurement strategies, cost planning and budgeting, baseline planning and implications on profitability, resources allocations and resolving conflicts and continuous process improvement measures. Participants will also learn how to apply the integrated cost and schedule control processes using Earned Value Analysis (EVA) techniques on Microsoft Project Interface. At the end of the 2-day program, you will be able to proactively plan for your construction strategy to deliver projects on time and create the most value for your construction dollars while reducing costs. Led by Dr. Hemanta Doloi, a leading authority in the construction industry in Australia, throughout the 2 days, participants will engage in hands-on discussion and prominent case studies and learn to devise strategies for effective financial analysis, cost planning and control in Australia. PROGRAM INTRODUCTION The construction industry is a major driver of activity in the Australian economy. It is estimated to value just under US$185 billion by With a huge volume of infrastructure projects across the country under way, Australia is now considered the world s fastest-growing construction market. Due to the rising construction costs in Australia, it is increasingly important for companies to be able to manage and integrate their project costs and schedules to ensure that projects are delivered on time with zero cost over-run. This comprehensive 2-day program will equip construction and project professionals with the skills required to ensure effective cost control and planning to aid in their decision making, and for controlling costs overruns in order to deliver construction project on time and within budgeted costs. You will gain on-the-ground industry insights into different types of contracting and procurement strategies, cost planning and budgeting, baseline planning and implications on profitability, resources allocations and resolving conflicts and continuous process improvement measures. Participants will also learn how to apply the integrated cost and schedule control processes using Earned Value Analysis (EVA) techniques on Microsoft Project Interface. Led by Dr. Hemanta Doloi, a leading authority in the construction industry in Australia, throughout the 2 days, participants will delve into prominent case studies and learn to devise strategies for effective financial analysis, cost planning and control. At the end of the 2-day program, you will be able to proactively plan for your construction strategy to deliver projects on time and create the most value for your construction dollars while reducing costs. 3

4 2014 Clariden Global Executive Education Program Details WHO WILL BENEFIT MOST This course is designed for Middle & Senior Managers in charge of Project Management, Construction Management, Site Managers, Project Engineers, Cost Engineers, Constructions Project Managers, Cost Control/Planning Executives, Project Auditors and Contract Administrators. In addition, this course is also applicable to real estate, oil & gas and mining professionals who are significantly involved in the construction process within their industry. LEARNING OBJECTIVES Successful completion of this program equips members of project management teams with information and tools to develop cost estimation, cost planning, baseline planning and cost budgeting and optimize decision making in projects planning. At the end of this course, the participants will be able to: Understand different types of contracting and procurement strategies and balance the trade-offs in the project Learn the financial and economic imperatives of cost planning, cost budgeting and control in projects Discover the strategies for baseline planning and implications on profitability Understand the probabilistic assessments of estimated costs and determine the most likely budget with 99% chance of completion Gain the ability to assess the resources costs, productivity control and implications on project budget Understand the integrated cost and schedule control processes including cost implications on schedule compression Apply the integrated cost and schedule control processes using Earned Value Analysis (EVA) techniques, a Microsoft Project interface PROGRAM OUTLINE DAY ONE - MORNING Session 1: Fundamentals of Cost planning with a financial perspective Contract selection, procurement routes and underlying cost implications Funding sources, capital and holding costs Cost planning and links to the project programming Strategic planning and budget setting techniques Impact of monetary inflation on project funds and cash flow implications Session 2: Defining the Project Scope and Developing Baseline Plans Reviewing best practice processes and identifying shortcomings Reviewing case studies and lessons learnt an Australian perspective Tender cost, winning bids and delivering to the promises Value-for-Money definitions and building the deliverables Developing control accounts and the guidance system for project control DAY ONE - AFTERNOON Session 3: Balancing Scope to Budget, risks and contingencies Assessment of stakeholders and integration of the stakeholder s needs Understanding workflow and activity relationships Assessment of risks and contingencies Baseline planning 4

5 2014 Clariden Global Executive Education Program Outline & Agenda Session 4: Cost baseline and strategy for control Activity Costing and implications on project schedule Resources costs, resources allocations and productivity implications Schedule development, schedule compression and cost implications Resolving resource conflicts and managing financial risks DAY TWO - MORNING Session 1: Schedule Execution and Cost Control Process Establishing a performance baseline Developing budget at completion Collecting Cost and Schedule Performance Matrices Calculating Earned Values Session 2: Performing Earned Value Analysis Use of Earned Value Analysis in Cost and Schedule performance Analysis of Variances Performance Index analysis on cost and time management Status tracking and evaluation of project progress Corrective actions and forecasting future cost issues DAY TWO - AFTERNOON Session 3: Quantitative analysis of risks and opportunities Linking future performance to the project baseline Evaluation of the closeout process Evaluation of Cost and Schedule matrices Use of Cost and Schedule data for continuous process improvement Session 4: Hands-on workshop and reflection of competencies achieved Step-by-step process for defining a real case project (preferably using MS Project) Develop the comprehensive schedule and baseline planning Input the Cost Data, performance data and tracking Allocate and level the resources Perform the integrated Cost and Schedule control processes Perform risk assessments and contingency planning Reflect on the level of knowledge required for successful project control and delivery 5

6 CONTROLLING CONSTRUCTION PROJECT COST, SCHEDULE AND EXECUTION IN AUSTRALIA August 2014 Intercontinental Hotel, Sydney REGISTRATION PAGE C L A R I D E N Knowledge for the world business leaders Booking Contact (Approving Manager) Mr/Mrs/Ms: Job Title: Department: Telephone: Fax: Organization: Address: Postal Code: I would like to receive more information on hotel accommodation using Clariden Global coporate rate. Please Register the following participant(s) for this Program: 1st Participant Name (Mr/Mrs/Ms): 2nd Participant Name (Mr/Mrs/Ms): 3rd Participant Name (Mr/Mrs/Ms): 4th Participant Name (Mr/Mrs/Ms): PROGRAM FEES 1 ST EARLY BIRD FEE: AUD2,550 (Registration and payment must be received by 3 July 2014) 2 ND EARLY BIRD FEE: AUD2,750 (Registration and payment must be received by 31 July 2014) REGULAR FEE: AUD2,850 GROUP DISCOUNT: For 2 registrations from the same company and billing source, the 2nd participant enjoys a 10% discount. For registrations before 31 July 2014 and for 3 or more participants, the 4th participant will receive a complimentary seat Important Notice: Payments are required with registration and must be received prior to the Course to guarantee your place. PAYMENT METHODS BY CHEQUE / BANK DRAFT : Made payable to CLARIDEN GLOBAL INTERNATIONAL LIMITED and mail to: 3 International Business Park, #04-29, Nordic European Centre, Singapore BY TELEGRAPHIC TRANSFER TO: Bank Name: Standard Chartered Bank Bank Code: 7144 Bank Branch Code: 001 Bank Address: 6 Battery Road, #01-01 Singapore Bank Account No: Bank Account name: CLARIDEN GLOBAL INTERNATION LIMITED SWIFT Code: SCBLSGSG Please note that all bank charges are to be borne by participants. Please ensure Clariden Global International Limited receives the full invoiced amount. Note: Please include invoice number on all payment types and your company s name in your payment instructions for our reference. CREDIT CARD: To make payment by credit card, please call our client services hotline at WAYS TO REGISTER admissions@claridenglobal.com Fax: Call: Website: DATE AND LOCATION This executive program will be held at: Intercontinental Hotel, Sydney August Macquarie Street Sydney NSW 2000 Australia Tel: Website: The fee for this two-day executive program includes all written materials, lunch and refreshments. HOW TO REGISTER AND PAY An invoice and registration confirmation will be sent within 7 days, please contact us if you have not heard from us within 7 days. Payment can be made by credit card, by bank transfer or by cheque made payable to Clariden Global International Limited. ALL PAYMENTS MUST BE RECEIVED IN ADVANCE OF THE EVENT. ACCOMMODATION Accommodation is not included in the program fee but you will be entitled to use our corporate rate for your accommodation. Information will be sent along with your registration confirmation. SPONSORSHIP INTERESTED IN PROMOTING YOUR ORGANIZATION TO OUR PARTICIPANTS For more information on sponsorship, tabletop displays & insert opportunities, please contact us at CANCELLATIONS AND SUBSTITUTIONS Once we have received your booking, the place(s) are confirmed. No refunds will be made for any cancellations, however, program credits of equivalent value only applicable for Clariden Global events will be provided. Credits can only be redeemed for 1 program and is valid for only one (1) year from date of issue. Substitution with a qualified candidate is allowed by providing at least 5 working days of advance notice to Clariden Global. One time substitution is allowed with no charges. Subsequent substitutions will be charged 10% admin fee. ALL CANCELLATIONS MUST BE RECEIVED IN WRITTEN FORM PLEASE NOTE: Clariden Global International Limited reserves the right to change the content and timing of the programme, the speakers and the date and venue due to reasons beyond their control. If in the unlikely event that the course is cancelled, Clariden Global International Limited will refund the full amount and disclaim any further liability. ENQUIRIES: If you have any queries about registration or payment please do not hesitate to contact our client services department on PRIVATE DISCLOSURE STATEMENT: Any information provided by you in relation to this event is being collected by Clariden Global International Limited and will be held in the strictest confidence. It will be added to our database for the primary purpose of providing you with information about future events and services. Visit us at for upcoming events FOR OFFICIAL USE FEE RECEIVED REFERENCE L4093/JN/AS