Duration
2 days
Suitable for participants who have some project management knowledge.
Course Overview
This course is intended for executives in technical and non-technical work areas, who need to acquire advance working knowledge and skill in planning, monitoring or tracking, measuring the implementation of client’s projects (for both generic, engineering, and IT specific projects). Their participation through an action-learning methodology will facilitate an immediate transfer of such competency to workplace.
This course is carefully designed to provide the best mix of experience, theory and practice in an adult learning environment. Formal presentations are used mainly to introduce key concepts and significant elements of project management. Emphasis is on practical applications through “hands on” action learning.
A high level of participation and team involvement is required. 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. Scenarios of project stakeholder management are taught; including project selection and project ranking techniques.
Participants are encouraged to bring their projects to the session. In some instances, project management software and techniques will be used to help participants better understand certain project management concepts; reflecting on their current project practices, and knowing how to improve them. Ample case studies, examples and interactive individual/group exercises are provided.
Objectives
- To understand the use of advance project management tools for planning, executing, monitoring and controlling projects.
At the end of the course, participants will be able to:
- Have comprehensive understanding of the various processes of project management.
- Evaluate risk management planning of projects.
- Manage stakeholders well
- What-If project scenarios and making project reports utilizing Earned Value concepts.
Detailed Course Content
Day 1: AM
- Project manager competencies and profiling.
- Managing stakeholders.
- Aligning projects to strategic intent of the organisation.
- Project feasibility studies (financial), e.g. Return On Investment and Net Present Value.
- Non-financial feasibilities studies.
- Selecting and ranking projects.
- Visualising project progress and benefit realisation.
Day 1:PM
- Simulating best case, most likely, and worst case scenarios for project duration and project cost using Monte-Carlo technique.
- Identifying critical resources influencing project duration and costs – using Monte-Carlo simulation and Tornado Diagramming technique.
Day 2: AM
- Planning for project risks – risk identification, assessment, and responses.
- Activity: risk management planning.
- Planning for risk with contingency budget
- Responding to project risks (executing risk responses, monitor and control the execution of the responses).
- Work-around risk responses (for risks unidentified in risk management plan).
- Risk monitoring.
- Activity: Risk response activation and rules.
- Minimising troubled projects.
- Recover from a troubled project.
Day 2:PM
- Tracking schedule and cost (expenditures) using the Earned Value Management (EVM) technique.
- Activity: EVM Game.
- Performance reporting using EVM technique.
- Activity: EVM reporting.
- Control schedule and cost variances against baselines by using the EVM technique.
Project Failure And Success Case Studies
Training Approach
The training uses practical exercises that take individuals outside their comfort zones. By giving the participants help and guidance during the process, confidence and skills are strengthened. We make the sessions challenging and practical through the use of role-play, experiential learning and group exercises. Participants will quickly discover their strengths and weaknesses in communicating with others. Moreover, this interaction makes classes enjoyable and motivational.
The tempo of the training is light-hearted and fast-paced. Our experience suggests that this makes people actually look forward to attending our training sessions and reinforces the motivational effects. Peer group pressure, structure and relaxed atmosphere are the key elements to the success of our courses.
Methodology
Presentation, case studies, and hands-on activities.
Who Can Benefit
Executives who are directly involved in planning, estimating, scheduling, monitoring (tracking), and measuring, and reporting the implementation progress of projects. Examples, case studies and templates are provided.
Programme scope, delivery arrangements and suitability are confirmed during enquiry.