Project Scheduling, Cost Planning & Value Engineering Skills

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1 copex Project Scheduling, Cost Planning Jul 2017 Amsterdam 27 Nov - 08 Dec 2017 London 27-NOV-16

2 copex Project Scheduling, Cost Planning The Structure This comprehensive course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses. Module 1 - Project Scheduling & Cost Planning Skills Module 2 - Value Engineering Skills What are the Goals? By the end of this course, participants will be able to: Manage and mitigate schedule, cost, scope, and resource risks associated with the project Develop a project recovery plan for budget and schedule overruns Identify value mismatches through the ratio of whole life costing Capture & incorporate stakeholders input in the development of the project charter & plan Know the fundamental concepts of Value Engineering and Analysis Who is this Course for? This course is suitable to a wide range of professionals but will greatly benefit: Those who have a role in various projects such as cost estimators, project schedulers, project designers, project planner, contracts professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies Those who are interested in knowing more about estimation and control in a project environment Anyone involved in project initiation, engineering design, and critical assessment of projects All those responsible for making significant decisions concerning plans and budgets for large and complex projects Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers and Project Staff All those aspiring to deliver better value in all sectors of the economy from major projects in construction, manufacturing, petro-chemical, healthcare, education legal and public services Course Schedule Jul 2017 Amsterdam 27 Nov - 08 Dec 2017 London In addition, this course can also be scheduled as an In-house Training Solution. For more information, send an to inhouse@copex.org.uk The Certificate Copex Certificate of Attendance will be provided to delegates who attend and complete the course How will this be Presented? This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The course is highly interactive and presents knowledge through formal and interactive learning methods. The course includes individual exercises, team projects, applicable case studies and group discussions. The material has been designed to enable delegates to apply all of the material with immediate effect at the office. In addition, the course will take delegates through the systematic step-bystep VE methodology through interactive speaker input, case studies and practice exercises. The exercises will provide participants with hands on experience of applying the techniques to a simple project and will facilitate group discussion.

3 The Course Content MODULE 1 PROJECT SCHEDULING & COST PLANNING SKILLS DAY ONE Project Estimating Basics Basic Project Management definitions Triple Constraints Time, Cost, Scope Project Selection Methods Defining the Project Scope Cost & Schedule Estimation, cost Budgeting & Control Project Schedule Planning and Critical Path Method DAY TWO Developing Project Budget & Schedule Control Project management inputs to cost budgeting Resource Requirements Direct & Indirect Project Costs Planning and Scheduling Limited Resources Options for Accelerating the Schedule Crashing the Schedule - How? DAY THREE Managing the Risk Risk Identification, Analysis & Management Contingency Reserve PERT, Probability and Standard Deviation Formulae Network Activity Risk Profiles Application: Estimating Project Duration Project Risk Strategies DAY FOUR Measuring Project Performance Balanced Project Schedule without Buffers (Finish-Start) and Inserting Buffers Comparison of Unbalanced with Balanced Schedules Measuring Planned Progress on Schedule Risk distribution in contracting Actual Progress and Work Conditions Managing Variable Conditions DAY FIVE Managing and Recovering Project Estimates Schedule Variances & Cost Variances Progress Control Charts - Trend Analysis Schedule and Cost Variance Forecasting Schedule and Cost Recovery Analysis Schedule and Cost Recovery Plan Project Recovery Baselines and Controls Project Scheduling, Cost Planning

4 The Course Content MODULE 2 VALUE ENGINEERING SKILLS DAY SIX Framework for Applying Value Engineering in Projects Defining Value and Value Engineering concepts and principles How and when is Value Engineering applied? Project definition through stakeholder analysis and management Team player styles Identifying relationships between Value, Cost and Worth Overview of Different Value Engineering Phases DAY SEVEN The Function Analysis Phase - Expressing Project Functional Needs and Constraints The Information Phase steps and procedures Developing Value Engineering Job Plan Defining project constraints What is function analysis and Function-Cost-Worth Analysis Developing FAST Diagrams to identify critical project components Cross-Functional Project Team Approach DAY EIGHT The Creative Phase - Inspiring Creativity in Your Project Team Creativity and Creative thinking within the project environment Creative thinking techniques Reaching consensus and leveraging the power of project team collaboration Project risk perception and identification Identifying priorities through paired comparison Output of the Creative Phase DAY NINE The Evaluation Phase -Making Informed Project Decisions Project evaluation methods Performing project risk and scenario analyses Life-cycle costing techniques Incremental benefit-cost analysis for project evaluation Effective Decision-making in project environment Output of the Evaluation Phase DAY TEN The Planning and Reporting Phases -Getting Results through Effective Communication Develop and assess VE proposals to optimise project value Action planning roles and responsibilities Reporting VE findings to Senior Management and project stakeholders Incorporating VE into the early project phases Integrating VE with Continuous Improvement Techniques Project Scheduling, Cost Planning

5 Project Scheduling, Cost Planning 4 Date Venue Fees (USD) Jul 2017 Amsterdam $9, Nov - 08 Dec 2017 London $9,900 REGISTRATION DETAILS (PLEASE USE BLOCK CAPITALS) Salutation: First Name: Last Name: Designation: Company: Tel No.: Mobile No.: Fax: Mailing Address: City: Country: Zip Code: AUTHORISATION (AUTHORISED BY) Salutation: First Name: Last Name: Designation: Company: Tel No.: Mobile No.: Fax: Mailing Address: City: Country: Zip Code: MODES OF PAYMENT Please Invoice My Company Please Invoice Me Cheque Payable To Copex Hotel Accommodation Hotel accommodation is not included in the Registration Fee. Special rates and limited number of rooms are available for attendees wishing to stay at the hotel venue. Please make your request for accommodation at least 3 weeks prior to the commencement of the course. Cancellations & Substitutions Cancellation must be made in writing 2 weeks prior to the commencement of the course. A service charge of US$ 250 will be applicable. Thereafter, full payment is required, but a substitute delegate is welcome at no extra charge. copex 4 Ways to Register P.O. Box: Dubai, United Arab Emirates Tel: (+971) Fax: (+971) reg@copex.org.uk Website: Disclaimer: Circumstances beyond the control of Copex may necessitate postponement, change of venue or substitution of the Instructor. As such Copex reserves the right to implement such amendments Material published by Copex shown here is copyrighted.