Agenda

Course Timings

Registration will be at 07:30 on Day One. Each day will start promptly at 08:00 and finish at 15:30 with breaks for refreshments and lunch at appropriate intervals.

Day One

Project Management Principles
• The project management process and principles and the project life cycle (PLC)
• Factors affecting project scope, cost and time
• Developing the project charter and scope
• The different cost estimation techniques used in the estimation process
• The importance of the Work Breakdown Structure (WBS) and its utilisation in developing the project activity list

Day Two

Project Cost Estimation
• Creation of a logic diagram using the Precedence Diagramming Method (PDM) as the modelling technique
• Performing calculations and identifying the critical path as well as identifying the critical and non-critical activities
• The Gantt/Bar Chart and how it can be used to generate the cost and resource histograms for the different activities
• Generating the cash flow diagrams and developing project budget and financing requirements

Day Three

Time/Cost Analysis
• Overview of important financial factors in any project undertaking such as ROR, NPV, Payback Period and B/C ratio
• Analysis between time and cost relationships for the project activities to balance the actual market demand
• Crashing/expediting the project for the best possible cost
• Financial implications and analysis

Day Four

Controlling The Project
• Measuring progress using the Actual Cost (AC), Planned Value (PV) and Earned Value (EV) concepts
• Conducting the Earned Value Management (EVM) analysis to develop major Key Performance Indicators (KPIs) for project control
• The contracting process
• Evaluation and closure