MMSPM011: Project Planning and Cost Management

In this Hands-On course, attendees will learn to plan, allocate and manage costs, resource and performance throughout the life of any project. The course covers techniques especially applicable to small and mid-sized projects. Attendees will gather the critical tools to affectively plan their projects while affectively controlling cost throughout the life of the project. Students will learn quickly that Project Planning and Cost Management go hand in hand since the impetus for lifecycle planning is cost containment. Our instructors also go out of their way to make sure you have the training you want at a time that fits your business cycle. Custom training is a careful and deliberate process of assessment of key issues relating to your organization. That is why our Project Planning and Cost Management course will show your employees how apply their new knowledge directly toward your organization.

Outline:

Project Planning

            Activity Definition

• Enterprise Environment Factors
• Organizational Process Assets
• Project Scope Statement
• WBS and WBS Dictionary
• Project Management Plan
• Decomposition
• Templates
• Rolling Wave Planning
• Expert Judgment
• Planning Component
• Activity and Milestone Lists
• Activity Attributes
• Requested Changes

Activity Sequencing

• Project Scope Statement
• Activity and Milestone Lists
• Activity Attributes
• Approved Change Requests
• Precedence Diagramming Method
• Arrow Diagramming Method
• Schedule Network Templates
• Dependency Determination
• Applying Leads and Lags
• Project Schedule Network Diagrams
• Activity List and Attributes
• Requested Changes

Activity Resource Estimating

• Enterprise Environmental Factors
• Organizational Process Assets
• Activity List and Attributes
• Resource Availability
• Project Management Plan
• Expert Judgment
• Alternative Analysis
• Published Estimating Data
• Project Management Software
• Bottom-up Estimating
• Resource Requirements
• Resource Breakdown Structure
• Requested Changes

Activity Duration Estimating

• Enterprise Environmental Factors
• Organizational Process Assets
• Project Scope Statement
• Activity List
• Activity Attributes and Resource Requirements
• Resource Calendar
• Project Management Plan
• Expert Judgment
• Analogous Estimating
• Parametric Estimating
• Three-Point Estimates
• Reserve Analysis
• Activity Duration Estimates

Schedule Development

• Organizational Process Assets
• Project Scope Statement
• Activity List and Attributes
• Project Schedule Network Diagrams
• Activity Resource Requirements
• Resource Calendars
• Activity Duration Estimates
• Project Management Plan
• Schedule Network Analysis
• Critical Path Method
• Schedule Compression
• What-If Scenario Analysis
• Resource Leveling
• Critical Chain Method
• Project Management Software
• Applying Calendars
• Adjusting Leads and Lags
• Schedule Model
• Project Schedule
• Schedule Model Data
• Schedule Baseline

 

Project Cost Management

Cost Estimating

• Enterprise Environmental Factors
• Organizational Process Assets
• Project Scope Statement
• WBS and WBS Dictionary
• Project, Schedule and Staffing Management Plan
• Risk Register
• Analogous Estimating
• Determine Resource Cost Rates
• Bottom-up Estimating
• Parametric Estimating
• Project Management Software
• Vendor Bid Analysis
• Reserve Analysis
• Cost of Quality
• Activity Cost Estimates
• Activity Cost Estimate Supporting Detail
• Requested Changes

Cost Budgeting

• Project Scope Statement
• WBS and WBS Dictionary
• Activity Cost Estimates
• Activity Cost Estimate Supporting Detail
• Project Schedule
• Resource Calendars
• Contract
• Cost Management Plan
• Cost Aggregation
• Reserve Analysis
• Parametric Estimating
• Funding Limit Reconciliation
• Cost Baseline
• Project Funding Requirements
• Requested Changes

Cost Control

• Cost Baseline
• Project Funding Requirements
• Performance Reports
• Work Performance Information
• Approved Change Requests
• Project Management Plan
• Cost Change Control System
• Performance Measurement Analysis
• Earned Value Analysis
• Variance Analysis
• Forecasting
• Project Performance Reviews
• Project Management Software
• Variance Management
• Performance Measurements
• Forecasted Completion
• Requested Changes

Recommended Corrective Actions