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ESSENTIAL PROJECT MANAGEMENT SKILLS

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ESSENTIAL PROJECT MANAGEMENT SKILLS

Start
16/09/2020 10:00 AM
End
18/09/2020 4:00 PM
Phone
07034854045

95,000.00

COURSE COVERAGE

INTRODUCTION

The overall aim of this course is to provide participants with the necessary skills required to plan their projects by creating project scope statements and project work breakdown structures. Additionally, participants will be able to develop key performance indicators for monitoring and controlling their project schedule and budget. The course also aims at assisting participants in appraising the feasibility of their projects by applying capital budgeting techniques. Finally, participants will effectively plan project stakeholders’ engagement and manage their expectations.

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
    • Stakeholders types
    • Stakeholder power and interest grid
    • Planning stakeholder management
    • Managing stakeholder engagement
    • Controlling stakeholder engagement

Duration: 3 days

Class Session : 10:00am – 4:00pm each day including Breakfast and Lunch time

Customize Your Training

This training solution and other training topics from McTimothyAssociates are currently available as residential/in-house option.

Please Note

McTimothy Associates Reserves the right to postpone or cancel a course due to unforeseen circumstances beyond our control. In such cases delegate(s) will be registered for the next run of the Course.

Total: 95000.00

Status

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