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
- 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.
- Project Initiation and Development
- Project Selection Process & Criteria
- Project Evaluation and Prioritization
- Scope Statement
- Project Objectives
- Statement of Work (SOW)
- 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.
- Logic Relationship Chart
- Precedence Relationships
- The Critical Path
- 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.
- 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.
- 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.