Project Planning, Scheduling and Cost Estimating Skills

Introduction:

The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them.

Project Planning, Scheduling and Cost Estimation Planning Skills Training course will provide the skills for proper project scheduling and the skills required for cost estimation and planning. This course will significantly enhance the skills and knowledge of delegates and improve their ability to properly plan and schedule their projects, as well as perform estimates at both the conceptual and detailed levels, and to compare feasible alternatives quickly and efficiently.

Objectives: At the end of the Project Planning, Scheduling and Cost Estimating Skills Training, you will able to:

Gain knowledge of techniques used in resource planning and control.
Understand the time-cost trade-offs.
Identify risk sources and minimize their impact and how to sustain project momentum.
Learn how to administer project documentation and reporting.
Develop effective performance monitoring and control systems.
Gain knowledge of techniques used in project estimating
Understand the different types of estimates used to estimate project costs
Understand the different types of contracts based on the distribution of risk
Effectively apply incentive arrangements to get the best results from the contract

Who should attend: Project Planning, Scheduling and Cost Estimating Skills training course is ideal for:

Project planning engineers,
Project cost estimators,
Project designers,
Project planners and schedulers,
Contracts professionals,
Project procurement and purchasing staff,
Project control and business services professionals

Course Outline

Day 1 Project Scope Planning and Definitions (Fundamentals)

Introduction to Project Management
Scope Planning
Work Packages, Scope Execution Plan
Triple Constraints – Time Cost, Scope
Project Delivery Systems

Day 2 Project Schedule Planning and Critical Path Method:

Precedence Network Diagramming
Critical Path Analysis, Project Float Analysis
Lead and Lag Scheduling, Milestone Charts
Gantt Chart – Schedule Baseline
Project Estimating Processes. Production and Productivity Planning

Day 3 Accelerating the Project Schedule:

Circumstances Requiring Project Acceleration
Time-Cost-Scope Trade-off
Project Time Reduction
Direct & Indirect Project Costs
Options for Accelerating the Schedule
Network Activity Risk Profiles

Day 4 Project Contingency Planning:

Program Evaluation and Review Technique (PERT)
Path Convergence Analysis
Solving the Path Convergence Problem
Network Risk Profile Types
Normal Distributionو Standard Deviation

Day 5 Line of Balance Scheduling:

Preparing a Line of Balance Schedule
Balancing the Schedule
Calculations for a Line of Balance Schedule
Target Units per Week
Determining Crew Size
Balanced Project Schedule without Buffers (Finish-Start)

Project Planning, Scheduling and Cost Estimating Skills (Course No.028)

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