Duration: 8 weeks (±4hrs/week)
Cost: R 12 999.00
(30% early bird discount: R 9 999.00
if you enrol by 10 August)
Date: 14 August – 15 October 2020
FUNDAMENTALS OF PROJECT MANAGEMENT
About this course
A key skill every working professional needs is the ability to manage projects effectively.
This course is specifically designed to enhance the skills and knowledge delegates need to plan, manage and deliver projects.
After completing this course…
You’ll know how to put together a realistic project plan with an accurate estimate of project costs based on a well-defined scope.
You will feel more confident in managing the project, dealing with schedule changes and resource constraints, as well as engaging stakeholders along the way.
Learning Objectives
- Develop a dynamic and manageable project plan
- Integrate scope, time, project resources and cost management into the project plan
- Develop project network diagrams for CPM and PERT calculations to identify schedule and cost risks
- Maintain continuous project performance and delivery control
- Measure, forecast and control project performance by employing earned value techniques
- Manage and mitigate schedule, cost, scope, and resource risks associated with the project
- Produce clear and concise project progress reports
- Manage and engage stakeholders
This course is designed for:
- anyone leading a project at work
- entry level project managers and members of a project team
- entrepreneurs
What to expect:
- Learning from a top expert with 30+ years’ worth of experience.
- A limited number of delegates to ensure high quality interaction, knowledge sharing and best practise learnings
- Live online learning sessions and access to online resources and content
- New concepts and tools are introduced gradually to enable delegates to progress from the fundamentals to applying it practically
Course Content
Project Management Frameworks (Project Context)
Description: Practical Project management and applications.
The relationship between corporate strategy and project investment.
The project life cycle, project processes and the triple constraint
Key Topics:
- Projects and Project Management
- Project Management Definitions
- The Triple Constraint
- Characteristics of a Project
- Corporate Strategy and Organisational Projects
- Developing a Strategic Management Plan
- Project Development Life Cycle
Practical Application: Describe the interrelationships between project scope, time, resources, cost and risk.
Project Scope Management
Description: Identifying the scope of the project and the resources required to perform the work.
The work breakdown structure (WBS) as basis for cost and time estimates.
Key Topics:
- Project Initiation and Development
- Project Selection Process & Criteria
- Project Evaluation and Prioritization
- Scope Statement
- Project Objectives
- Statement of Work (SOW)
- Scope Definition
- Work Breakdown Structure (WBS)
Practical Application: Developing the Project Scope converting the scope into a Work Breakdown Structure (WBS)
PROJECT TIME MANAGEMENT
Description: The interrelationship between project activities over the project life and the assigned resources to perform the scheduled work.
Calculating the shortest possible project duration.
Key Topics:
- Logic Relationship Chart
- Precedence Relationships
- The Critical Path
- Float/Slack
- Activity Duration Estimating
- Gantt Chart Construction
- Schedule Control & Tracking Progress
Practical Application: Estimating the project duration and the critical path
PROJECT SCHEDULE CONTINGENCY PLANNING
Description: Analysis of project schedule and resource risks.
Identifying the true critical path and determining the likelihood of project completion on time.
Key Topics:
- Program Evaluation and Review Technique (PERT)
- Dealing with Uncertainty: Probability and Impact
- Network Risk Profile Types
- True Critical Path versus the theoretical critical path.
Practical Application: Determine the technical critical for the project prior to execution.
ACCELERATING THE PROJECT SCHEDULE
Description: Techniques to accelerate the project when delays threaten the contracted on-time delivery.
Estimating the cost impact of project acceleration.
- Circumstances Requiring Project Acceleration
- Time-Cost-Scope Trade-off
- Project Time Reduction
- Developing a Crash Cost Table
- Project Cost Reduction
Practical Application: Find the shortest viable duration for the remaining part of a project that has been delayed.
PROJECT PROGRESS MANAGEMENT
Description: Measuring project progress and costs against the predetermined schedule and budget.
Forecasting the final project duration and total cost through ongoing analysis of variations.
Key Topics:
- Earned Value (EV) and Project Progress Reporting
- Combining Schedule and Costs
- Project Status Report
- Schedule Variance (SV)
- Cost Variance (CV)
- Schedule Performance Index (SPI)
- Cost Performance Index (CPI)
- Estimated Duration at Completion (EDC)
- Estimated Cost at Completion (ECC)
Practical Application: Determine the Project Status of the project in terms of the six criteria above.