Course Outline

Course Outline

Professional Project Management

Ref No. Dates Venue Fee (US$)  
PM 005 15 - 19 Apr 2019 Istanbul 5000 Register
PM 005 29 Jul - 02 Aug 2019 California 5500 Register
PM 005 21 - 25 Oct 2019 London 5000 Register
PM 005 09 - 13 Dec 2019 New York 5500 Register

Professional Project Management

Introduction

Project professionals continue to face mounting challenges in the successful delivery of projects. Limited resources and budgets place even stricter demands on project delivery time, cost and quality. Knowledgeable project professionals recognise that a major ingredient of project success is the development of a well-designed and dynamic project plan based on solid estimates of resource requirements and work durations, along with the ability to monitor and control the project effectively.

PROCLAD Academy’s Professional Project Management training course will significantly enhance the skills and knowledge of delegates and improve their ability to plan, manage, and control projects. Additionally, the course deals with the systematic identification and quantification of project risks, as well as the development of detailed risk treatment strategies to mitigate all relevant risks that may threaten the intended outcomes of the project.

The key features of PROCLAD Academy’s Professional Project Management training course are:

  • Integrating scope, time, resources and cost management into a dynamic, manageable plan
  • Developing project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks
  • Measuring, forecasting and controlling project performance by employing earned value techniques
  • Using qualitative and quantitative methods to assess the exposure of the project to particular risks in real and measurable terms
  • Managing and mitigating schedule, cost, scope, and resource risks associated with the project
  • Identifying the most appropriate contract arrangement for the work to be performed on the project
Learning Objectives

By attending PROCLAD Academy’s highly interactive Professional Project Management training course, delegates will:

  • Master the techniques required for effective project planning and control
  • Learn to integrate scope, time, resources and cost management into a dynamic, manageable plan
  • Develop project network diagrams (CPM) to identify schedule and cost risks
  • Understand the trade-off between time and cost to ensure project success
  • Learn to measure, forecast and control project performance by employing earned value techniques, and
  • Produce clear and concise project progress reports and administer project documentation and reporting
Target Audience

PROCLAD Academy’s Professional Project Management training course is intended for, but not limited to:

  • Project Managers and Project Leaders
  • Project Planners and Scheduling Staff
  • Production Engineers
  • Project Professionals
Training Methodology

Participants on PROCLAD Academy’s Professional Project Management training course will develop project management performance and control skills and knowledge through formal and interactive learning methods. The training includes team projects, applicable case studies, group discussion and critical analysis of video material based on actual large construction projects. Prior knowledge of the topics covered in the course is not required. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the more advanced concepts of project management

Course Outline
  • Corporate Strategy and Organizational Projects
  • Environmental Analysis and Portfolio Development
  • Project Classification & Characteristics
  • Project Development Life Cycle
  • The Triple Constraint
  • Scope Planning
  • Work Breakdown Structures (WBS)
  • Precedence Network Diagramming
  • Activity Duration Estimation
  • Bid Documents Development
  • Project Resource Table & Budget
  • Project Cost Baseline Management
  • Project Management Reporting
  • Earned Value Control Process
  • Progress Control Charts – Trend Analysis
  • Schedule and Cost Variance Forecasting
  • Estimated Cost at Completion
  • Estimated Duration at Completion
  • Progress Tracking and Monitoring
  • The Pricing Arrangement
  • Costs to Provide Engineering Services
  • Fixed Price Compensation
  • Incentive Compensation
  • Cost-Plus Compensation
  • Time-and-Materials
  • Overview of the Risk Management Process
  • Risk Management Model
  • Risk identification & Risk Characteristics
  • Risk Mitigation Strategies
  • Risk Scenario Description
  • Most likely monetary impact
  • Plotting the probability and impact
  • Expected Monetary Value (EMV)
  • Risk Quantification and EMV
  • Decisions Under Conditions of Uncertainty
  • Risk Profile EMV Calculation before Mitigation
  • Identification of Risk Triggers & Probability
  • Identification of Risk Receptors & Impact
  • Combined EMV Risk Profile before Mitigation
  • Developing Probability Mitigation Strategies
  • Developing Impact Mitigation Strategies
  • Replotting the Projected Risk Profile after Mitigation
  • Deriving the Most Economic Mitigation Point
  • Final Risk EMV and Project Feasibility Calculations after Mitigation