Duration
1 day
Suitable for participants who have some project management knowledge
Course Overview
This course is intended for managers and executives in technical and non-technical work areas, who need to acquire a high competency in project control and documentation tools for responding to project performance schedule and cost expenditure variances from the plan. The entire course content is compliant with the standard Project Management Body of Knowledge (PMBOK2000) of the Project Management Institute (USA).
One of the objectives of this course is for participants to appreciate and enforce project management reporting using Earned Value Analysis (EVA) as a analytical and reporting system that can regulate and stablise project schedule and cost performance variances or deviations.
This project management course is carefully designed to provide the best mix of experience, theory and practice in an adult-learning environment. Formal presentations will be brief and used mainly to introduce key concepts and significant elements of project management. Emphasis is on real case studies, and practical applications through “hands-on” action learning.
Throughout the course will require a high level of participation and team involvement. Maximum opportunities will be given to participants to inject their own examples and issues into the course and continually relate the material to their own contexts.
Participants are encouraged to bring their projects to the session. The use of project management software and techniques will be used to help participants better understand key concepts. Project management documentation such as templates, forms and checklists are provided in the course material, and are downloadable online; and the participant may freely use or modify them for use in his organisation.
Objective
- To conduct project controls using advanced tools like Earned Value Analysis, as an addition to the Gantt Chart.
At the end of the course, participants will be able to:
- Have an advanced set of project management tools and techniques for immediate project reporting and analysis.
- Participants will have a ready set of working templates for use in projects at their place of work.
Detailed Course Outline
- Earned Value Analysis & Variance In Project Control
- What Is Earned Value Analysis?
- The Three Essential Project Performance Indicators:
- Planned Value
- Earned Value
- Actual Cost
- Forecasting:
- Project Estimated Completion Date
- Project Estimated Completion Cost
- Case Study: Fibre Optic Installation Project
- Putting It All Together:
- Construct A Project Expenditure Spreadsheet (In MS Excel)
- Construct A EVA Chart For Reporting Project Performance
- Implementing EVA In Your Organisation
- Understanding The Need For Real-Time Project Costing Data
- Making Good With The Available Reporting Structure
- EVA Complements The Gantt Chart
Who Can Benefit
Managers and executives who are directly involved in reporting project performance, and/or responding to project performance variances or deviations.
Programme scope, delivery arrangements and suitability are confirmed during enquiry.