Why Attend

This course is designed to equip participants with essential skills for effective project planning, including creating detailed project scope statements and work breakdown structures. Participants will also learn to develop key performance indicators to monitor and control both project schedules and budgets. Additionally, the course aims to strengthen participants’ ability to assess project feasibility through capital budgeting techniques. Finally, participants will gain strategies for stakeholder engagement, focusing on effective communication and expectation management.

Event Date: 03/07/2025 – 05/07/2025

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More Dates

20/02/2025 – 22/02/2025	Price: ₦230,000.0000 VAT
11/09/2025 – 13/09/2025	Price: ₦230,000.0000 VAT

Overview
Course Outline

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants and psychometric assessments. The course also features the use of a number of group exercises and case studies followed by plenary discussions.

Course Objectives

By the end of the course, participants will be able to:

Plan projects using statement of work and Work Breakdown Structure (WBS)
Schedule projects activities and build the project network model
Calculate project budgets and schedule variances using Earned Value (EV) techniques
Select the right projects using capital budgeting techniques
Relate to project stakeholders through better negotiation and communication skills

Target Audience

Project managers, members of project offices, project sponsors, functional managers, senior management and individuals interested in project management.

Target Competencies

Planning projects
Organizing projects
Executing projects
Controlling projects
Cognitive abilities
Communication

Course Outline

Planning projects
- Project management definitions
- Projects versus operations
- Managing project constraints
- Applications of project management
- Potential benefits of project management
- Definition of project life cycle
- Defining project requirements
  - Statement of Work (SOW)
  - Project specifications
  - Milestone schedule
  - Work Breakdown Structure
- WBS decomposition problems
- WBS guidelines and checklists
Scheduling projects
- Linking activities and WBS sequencing
- Forward and backward scheduling
- Critical Path Method (CPM)
- Slack management
- Program Evaluation and Review Technique (PERT)
- Schedule compression techniques
- Myths and realities of schedule compression
- Resource planning and leveling
Organizing and controlling projects
- Project organization and project control
- Mastering earned value management
- Schedule and budget variances
- Project forecasting
- Project management reporting
- Auditing a project
- The role of software in project management
Selecting projects using capital budgeting techniques
- Definition of capital budgeting
- Cost of capital
- Accounting Rate of Return (ARR)
- Payback Period (PP)
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
Managing project stakeholders
- Identifying stakeholders
- Stakeholder types
- Stakeholder power and interest grid
- Planning stakeholder management
- Managing stakeholder engagement
- Controlling stakeholder engagement