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

  • Course Start Date: 2019-03-04
  • Time: 08:30:00 - 16:30:00
  • Duration: 4 days 08:30 AM - 04:30 PM
  • Location: Virtual
  • Delivery Methods(s): Virtual Instructor Led

Course Outline

Pre-Requisites

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

Lessons

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

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.

Training Location

Online Classroom
your office

your city, your province
your country   

About Global Knowledge

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Global Knowledge is the world's leading learning services and professional development solutions provider. We deliver learning solutions to support customers as they adapt to key business transformations and technological advancements that drive the way that organizations around the world differentiate themselves and thrive. Our learning programs, whether designed for a global organization or an individual professional, help businesses close skills gaps and foster an environment of continuous talent development.

Training Provider Rating

This vendor has an overall average rating of 4.38 out of 5 based on 421 reviews.

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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platfo ... Read more
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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platform.. from adobe to something called zoom; I had to call support line cause it stated our instructor wasn’t present. Thankfully I called cause everyone online was in the adobe virtual classroom waiting for what looked like a teacher who didn’t show up for class (IT didn’t get anything resolved until 10mins after start time). I felt like he was really getting hung up on very basic knowledge for the first half of the course (talking about how to create tabs and drag formulas as an example). I completed files a few times before he was done explaining. There was a scheduled fire drill for them (roughly 30mins)that also cut into our time, which wasn’t deducted from the hour lunch break or the two, fifteen min breaks. I also really wish he touched base more on the automating workbook functions portion which we barely did. I'm happy there were/are those study guides (learning videos) and exams to take on my own time that I hope after I've had the class are still available for me to learn from.

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It was difficult to practice on my PC while trying to watch the presentation online.
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David was excellent!! I am very for having this course!!
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Everything was great, but the instructor wasted a lot of time talking about unrelated subjects (like demo-ing different programs, ... Read more
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Everything was great, but the instructor wasted a lot of time talking about unrelated subjects (like demo-ing different programs, talking about other classes, and talks about how Excel/technology has changed) took up way too much time. The course could have been condensed or better focus would have been great

Did not actually receive the course materials yet (and the course has concluded). Ratings assume that I will receive the course m ... Read more
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Did not actually receive the course materials yet (and the course has concluded). Ratings assume that I will receive the course materials as soon as possible.

Course Reviews

This course has an overall avarage rating of 4.38 out of 5 based on 2 reviews.

Previous

Yasmine Ijaz attended this course Sep 2012

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Yasmine Ijaz attended this course Feb 2012

Facilities

Course Content

Delivery Structure

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