PMP043 Project Scheduling and Budgeting

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1 PMP043 Project Scheduling and Budgeting H.H. Sheik Sultan Tower (0) Floor Corniche Street Abu Dhabi U.A.E

2 Course Introduction: Through an increasingly challenging multimedia-simulated case study, you practice essential project estimating and scheduling techniques to build and manage a workable project plan. Course Objectives: Upon successful completion of this course, the delegates will be able to: Construct a product-based WBS Build an activity-on-node network diagram Determine your task durations using three-point estimates Review and improve the estimating process and presenting the results Calculate Critical Path Find and fix errors in the Gantt chart Determine the project costs, total budget and resource requirements Assess project status, reforecast schedule and costs, and produce project status report Adapt to sudden change Who Should Attend? This course will benefit Project managers and others responsible for the planning and implementation of projects. This is designed for project team leaders, project planning engineers and heads, and senior project control and business services professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies. Course Outline: Day 1: Introduction Defining schedule and costs Building a plan from earliest completion date Comparing estimates to actuals Revising your plan Best Practices for Project Planning PMP043 REVISION 001 PAGE 2 OF 6

3 Building the foundation Generating your WBS Developing a product-oriented focus Identifying the appropriate level of detail Day 2: Diagramming network relationships Working with network diagrams Applying CPM and PERT diagrams Defining precedence relationships Establishing dependencies Determining lead and lag times Constructing PDM diagrams Developing Realistic Estimates Choosing the right estimating model Engaging subject-matter experts Applying the Delphi technique Generating analogous estimates Preparing parametric estimates Contrasting bottom-up and top-down methods Applying Rough Order of Magnitude (ROM) Dealing with uncertainty Formulating three-point estimates Factoring in contingency Day 3: Integrating the Schedule and Critical Path Computing the Critical Path Adding task durations to determine path lengths Identifying the critical path Recognizing near-critical and non-critical paths Determining probabilistic critical paths Prioritizing your management time Creating Gantt charts Building Gantt charts following industry standards PMP043 REVISION 001 PAGE 3 OF 6

4 Representing the relative durations of tasks graphically Fine-tuning your plan Calculating activity float Planning delivery by applying earliest start times Optimizing the plan using latest start times Rescheduling activities within their float tolerance Building a Budget Categorizing project costs Identifying direct and indirect cost elements Itemizing capital expenses Costing based on WBS tasks Graphical modeling of costs Calculating total project costs Adding costs to the Gantt chart Determining expected cash flow Day 4: Realistic Resourcing Schedules that make sense Factoring in productivity Allocating resources effectively Baselining your plan Responding to delivery-date changes Fast-tracking the project plan Crashing the Critical Path Leveraging Goldratt's Critical Chain Measuring and Improving Performance Monitoring your plan Recording actual durations Tracking cash flow Assessing performance Determining and summarizing project status PMP043 REVISION 001 PAGE 4 OF 6

5 Day 5: Performing EVA Calculating schedule and budget efficiency Quantifying cost and schedule variance Projecting impact on project outcomes Mapping EVA to cost accounting Reconciling and addressing project issues Communicating with Stakeholders Incorporating inbound information into outbound reports Applying the right level of detail Interfacing project information to organizational reporting Course Requirement: Hand s on practical sessions, equipment and software will be applied during the course if required and as per the client s request. Course Certificate: International Center for Training & Development (ICTD) will award an internationally recognized certificate(s) for each delegate on completion of training. Course Methodology: A variety of methodologies will be used during the course that includes: (30%) Based on Case Studies (30%) Techniques (30%) Role Play (10%) Concepts Pre-test and Post-test Variety of Learning Methods Lectures Case Studies and Self Questionaires Group Work PMP043 REVISION 001 PAGE 5 OF 6

6 Discussion Presentation Course Fees: To be advised as per course location. This rate includes participant s manual, and-outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day. Course Timings: Daily Course Timings: 08:00-08:20 Morning Coffee / Tea 08:20-10:00 First Session 10:00-10:20 Coffee / Tea / Snacks 10:20-12:20 Second Session 12:20-13:30 Lunch Break & Prayer Break 13:30-15:00 Last Session PMP043 REVISION 001 PAGE 6 OF 6

CC038 Design, Inspection, Repair and Maintenance of Concrete Structure in Petrochemical Plants

CC038 Design, Inspection, Repair and Maintenance of Concrete Structure in Petrochemical Plants H.H. Sheik Sultan Tower (0) Floor Corniche Street Abu Dhabi U.A.E www.ictd.ae ictd@ictd.ae Course Introduction: