Schedule and Cost Control (PM03)

Learn the skills you need to effectively establish and manage a realistic schedule and detailed budget.

Course Outline

Get your schedule and budget done right and quantify progress through earned value analysis.

Learn the skills you need to effectively establish and manage a realistic schedule and detailed budget. Through hands-on exercises, you'll learn to develop a work breakdown schedule, grasp diagramming techniques, identify task relationships, determine the critical path, employ estimating techniques, and analyze resource utilization.

Once the project schedule is complete, you'll create a budget that includes all direct and indirect costs associated with the project. Learn the importance of baselining project schedules and budgets to make reporting and tracking progress easier. Understand how to use earned value analysis and other reporting techniques to ensure that your project progress is clearly identified and communicated to stakeholders. Create schedule and cost management plans, and control changes through an integrated change management process. You'll learn to use a variety of tools that will ensure that your project is delivered on time and within budget.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.

This course was previously titled Managing Project Schedules and Budgets.

What You'll Learn

• Develop a work breakdown structure
• Create a network diagram
• Identify the critical path
• Estimating techniques
• Finalize your project schedule
• Types of cost and expenditures
• Develop a budget
• Report progress through earned value analysis

Who Needs to Attend

• Associate Project Managers
• Project Managers
• IT Project Managers
• Project Coordinators
• Project Analysts
• Project Leaders
• Senior Project Managers
• Team Leaders
• Product Managers
• Program Managers

Course Outline

1. Introduction to Schedule and Cost Management

• Project Management
• Program Management
• Essential Schedule and Cost Terminology
• Project Constraints
• Project Charter

2. Scope and Schedule Development

• Scope Planning

• Scope Definition
• Scope Decomposition

• Schedule Development

• Building the Project Network Diagram

• Critical Chain

• Application of Critical Chain
• Critical Chain vs. Critical Path
• Developing a Gantt Chart

• Schedule Considerations

• Schedule Compression
• Contingency Reserves and the Project Schedule

3. Resource Planning

• Resource Planning Considerations
• Estimating Activity Resources
• Planning and Loading Resources

• Identifying Roles and Responsibilities
• Loading Resources
• Leveling Resources

4. Cost Planning

• Cost Management Plan

• Categorizing Costs

• Cost Estimating for Projects

• Common Eliminating Techniques
• Additional Estimating Techniques
• Compensation

• Cost Accounting and Budgeting

• Corporate Accounting: The General Ledger
• Project Cost Estimating
• Summarizing the Differences
• Project Budgets
• Budgeting Responsibilities
• Steps to a General Budget

5. Controlling the Schedule and Budget

• Creating a Baseline Plan

• Establishing Baselines
• Types of Baselines
• The Project Baseline

• Establishing Project Milestones

• Milestone Chart

• Developing a Project Control Process

• Guidelines for Project Control
• Performance Measures

• Tools for Project Control

• The Earned Value Method of Project Management
• Looking at Current Project Status with Earned Value
• Looking Forward with Earned Value
• Earned Value Management in Practice

• Strategies and Processes for Project Control

• Status Review Meetings

• Managing Project Change

• Change Control
• Change Control Process
• Additional Tools for Managing Control of the Project
• Other Project Change Considerations

• Why Projects Are Late and Over Budget

Additional Details

Pre-Requisites

- Project Management Fundamentals (PM01) - IT Project Management (PM11) - Applied Project Management (PM08)

Certificates offered

- 28 PMI PDUs - 2.8 CEUs

Cancellation Policy

We require 16 calendar days notice to reschedule or cancel any registration. Failure to provide the required notification will result in 100% charge of the course. If a student does not attend a scheduled course without prior notification it will result in full forfeiture of the funds and no reschedule will be allowed. Within the required notification period, only student substitutions will be permitted.

Reschedules are permitted at anytime with 16 or more calendar days notice. Enrollments must be rescheduled within six months of the cancel date or funds on account will be forfeited.

Map & Reviews

Global Knowledge
[ View Provider's Profile ]

Global Knowledge Toronto Bloor St
2 Bloor Street West
Suite 1200
Toronto, Ontario
Canada   M4W 3E2

Reviews

 

We have not received any reviews specific to this course as yet, however here are some reviews of the training vendor.

   

- do we get a certifiacate for completing the courseÉ - although the instructor did give us excercises to do I would have liked a few more - almost like a test, so that I made sure I retained and understood what was taught. I`m a learn to do by doing person and like the instrutor lead courses so I can have someone there to explain in my terms how things work. I`ll have to really use the online excercises to make sure Ì am confident when I need to do something in Excel.

Reviewed by Delores P. 2012

   

Should be time allocated for questions and answer

Reviewed by Vinod P. 2012

   

The instructor was excellent as was the hands-on learning approach. The only thing I took issue with was the fact that there were a lot of bilingual persons taking the course and they tended to ask questions in French, during this English class. The instructor was trying very hard to explain everything in both languages, but I felt that these students should have requested a French-speaking classroom setting if they wanted to speak French.

Reviewed by Sheila D. 2012

   

Very professional. Facility clean and comfortable.

Reviewed by Christine P. 2012

   

For the cost of this course, a hard copy of the course handout should be provided as the classes follows the handout word for word.

Reviewed by Caroline P. 2012

   

The facilities at Global Knowledge were great. The Instructor was very knowlegable and made it easy to learn the material. It was a very good experience:)

Reviewed by Tonia L. 2012

   

Note: We had 2 different trainers during this 3 day course. Course: Terminology should reflect North America and be consistent with our business lingo.

Reviewed by Harman M. 2012

   

Found the course very informative. I had little exposure to Sharepoint and learned a number of things I didn't know. Plan to take the next level of training

Reviewed by Michael R. 2011

   

A charged mannul would be provided for students to make notes whereever they think instructions are important as reminders

Reviewed by jinxiu z. 2011

   

The course is so expensive to be payed by oneself. In almost all the others participants their companies pay the fee.

Reviewed by Ricardo T. 2011

   

No course books were provided for us to take.

Reviewed by Hala M. 2011

   

Course was very detailed but more time would be helpful during workshops. An additional day would help lessen the course load.

Reviewed by Roydon F. 2011

   

should have discuss some case studies,,overall A+

Reviewed by Syed A. 2011

   

Our instructor was very knowlegable and he provided excellent real life stories.

Reviewed by Stephen W. 2011

   

The course was very relevant. I was able to apply the knowledge I aquired in the course to my job on the very next day. The only complaint I have is with the temperature of the room. It was freezing! Students has to wear a jacket or sweater. We were told the temp gage was shared with another classroom that was quite warm so they had turned the temp very low causing our room to be very uncomfortable.

Reviewed by Yasmine I. 2011

   

Given the cost of the course, the hardcopy of the manual should have been provided. It would have been useful to make notes alongside the material as we went along.

Reviewed by Jeff P. 2011

   

I am very disappointed with the handouts. I was told I could go online and download a copy of the manual, the problem is that I would like the printed copy of the manual. I chatted online with one of your technitian who was unable to help me. Then I was told someone would contact me by phone to help me. That never happened. When taking a training course, a person EXPECTS to leave the course with ALL the material.

Reviewed by Betty M. 2011

   

Great course provider, keep it on your roaster

Reviewed by Catherine G. 2011

   

Course content and labs were very good, everything worked as expected.

Reviewed by Francisco C. 2011

   

I really enjoyed this course and was surpised how ell everything was run...enjoyed the instructer very much (Par) and would like to take an other course with him. I wish we could have taken the work book home with us though!!!

Reviewed by gail h. 2010