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A highly interactive training course on

Project Scheduling & Cost Planning Skills

Project Estimation & Planning for Your Organisation
Coventry Academy - Project Scheduling & Cost Planning Skills
5
Days

Course Schedules

 London
 10-14 Feb 2025
 $5,950
 Dubai
 05-09 May 2025
 $5,950
 Amsterdam
 30 Jun-04 Jul 2025
 $5,950
 London
 21-25 Jul 2025
 $5,950
 Riyadh
 22-26 Sep 2025
 $5,950
 London
 17-21 Nov 2025
 $5,950
 Dubai
 08-12 Dec 2025
 $5,950

Training course overview

Time and money are critical resources in organizational life and crucial success metrics for projects. Once spent, neither can be reclaimed. This Coventry Academy training delves into effective management strategies for both, ensuring a balance with other vital factors like quality, resources, and risk. It covers estimation techniques applicable across various project stages, methods for deriving overall project costs and timelines, and strategies for aligning these with imposed constraints. Participants will learn proactive risk management techniques to address estimate uncertainties and reactive issue management strategies to mitigate unforeseen challenges.

What are the goals?

This Coventry Academy training course enables attendees to:

  • Estimate Timescales, Costs and Resources for Project Work
  • Determine the Overall Project Schedule and Cost Plan
  • Apply Risk Management Techniques
  • Monitor and Analyse Project Timescale and Cost Performance
  • Derive Corrective Actions to Maintain the Integrity of Project Limits

Who is this training course for?

This Coventry Academy training course is suitable to a wide range of professionals, but will greatly benefit:

  • Existing Project Managers
  • New Project Managers
  • Project Management Team Members
  • Project Team Members
  • Project Estimators
  • Project Finance Professionals

Course Outline

Day One: Project Estimating Basics
  • Basic project management definitions
  • Triple constraints – Time, Cost, Scope
  • Project selection methods
  • Defining project scope
  • Cost & schedule estimation, Cost budgeting & control
  • Project schedule management using the Critical Path Method
Day Two: Developing Project Budget & Schedule Control
  • Resource requirements
  • Direct & indirect project costs
  • Planning and scheduling limited resources
  • Options for accelerating the schedule
  • Crashing the schedule - How?
Day Three: Managing the Risk
  • Risk identification, analysis & management
  • Contingency reserve
  • PERT, probability and standard deviation formulae
  • Network activity risk profiles
  • Application: Estimating project duration
  • Project risk strategies
Day Four: Measuring Project Performance
  • Critical chain analysis and use of buffers
  • Comparison of unbalanced with balanced schedules
  • Measuring planned progress on schedule
  • Risk distribution in contracting
  • Actual progress and work conditions
  • Managing variable conditions
Day Five: Managing and Recovering Project Estimates
  • Schedule variances & cost variances
  • Progress control charts -trend analysis
  • Schedule and cost variance forecasting
  • Schedule and cost recovery analysis
  • Schedule and cost recovery plan
  • Project recovery baselines and controls

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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