back
Project Scope and Requirements Management


Location Start date End date Price Inquire Register
Madrid Courses 27.01.2019 31.01.2019 5,950 $ Inquire now Register
Casa Blanca Courses 27.01.2019 31.01.2019 4,950 $ Inquire now Register
Dubai Courses 27.01.2019 31.01.2019 3,950 $ Inquire now Register
Dubai Courses 31.03.2019 04.04.2019 3,950 $ Inquire now Register
Casa Blanca Courses 30.06.2019 04.07.2019 4,950 $ Inquire now Register
Madrid Courses 30.06.2019 04.07.2019 5,950 $ Inquire now Register
Dubai Courses 30.06.2019 04.07.2019 3,950 $ Inquire now Register
Cairo Courses 14.07.2019 18.07.2019 3,950 $ Inquire now Register
Dubai Courses 14.07.2019 18.07.2019 3,950 $ Inquire now Register
Paris Courses 11.08.2019 15.08.2019 5,950 $ Inquire now Register
Dubai Courses 11.08.2019 15.08.2019 3,950 $ Inquire now Register
Dubai Courses 08.09.2019 12.09.2019 3,950 $ Inquire now Register
Casa Blanca Courses 08.09.2019 12.09.2019 4,950 $ Inquire now Register
Madrid Courses 08.09.2019 12.09.2019 5,950 $ Inquire now Register
Beirut Courses 06.10.2019 10.10.2019 3,950 $ Inquire now Register
Dubai Courses 06.10.2019 10.10.2019 3,950 $ Inquire now Register

Overview

Managers and customers expect to get value for money. A significant number of projects have been cancelled or are seen as a failure because they ran too far over budget. This five-day programme will present the participants with straightforward approaches to developing a cost baseline and setting up a cost tracking system so that the budget is well managed during the project’s life cycle. The programme will cover:
 
  • The PMI PMBoK global standard for managing projects
  • Estimating cost techniques, including the Work Breakdown Structure, Work Packages and risk management considerations
  • The S-curves for risk and cost estimates
  • Control accounts and change control
  • Earned Value Management, performance variances and management recovery options
 
PRE-REQUISITES
 
Participants should have some experience of working in project teams, although not necessarily as a Project Manager. Some foundational training in project management would be an advantage. All workshop participants are required to bring a laptop computer with Microsoft Office Project, Excel, Word (2007 and above) and Adobe Acrobat Reader installed.
 
PRE-COURSEWORK
 
Although there is no pre-course work for this programme it is advisable that course participants consider bringing their own project case to use as a case study. Sensitive information should be disguised or removed. The information required would be:
 
  • A clear overview of their project where they understand the objectives and business case for doing it.
  • An Architectural Design diagram (high Level) if appropriate.
  • A fairly detailed Requirements Specification, Scope statement and/or Statement of Work.
  • A typical project team organisation chart with team skills/roles and day or hour rates
  • Budget and timescale constraints/deadlines
  • A draft Project Plan, or better, a draft Work Breakdown Structure
  • The project should be a typical length for their industry – they will apply the principles to this and to a worked example to develop their skills at using the tools and techniques.
 
WHO SHOULD ATTEND
 
  • Project managers and project team leaders who wish to build upon and consolidate their project management skills
  • Project planning engineers and heads who need to develop their project management skills
  • Senior project control and business services professionals who have the responsibility for planning, monitoring and controlling, and reporting on project budget and cost performance

Objectives

  • Understand the benefits of good project cost control for successful project outcomes
  • Use best practice to minimise costs and negative impacts
  • Describe a typical project cost management lifecycle
  • Explain the action required at each phase of the project cost management lifecycle and understand the significance of each phase
  • List the key attributes of cost necessary to understand and manage cost effectively
  • Explain the key steps required to improve project estimates, budget and cost baselining, perfomance measurement and analysis, cost monitoring and control during project execution and interpreting and reporting project performance throughout a technical project lifecycle
  • Specify key quantitative measures for determining the project performance using Earned Value Management (EVM)
  • Provide meaningful project progress reports using EVM together with forecasts of likely outcomes and management options to correct where necessary
  • Apply this cost management process to a simple case study