The goal of this workshop course is to develop skills required to effectively manage the schedule and budget of a project. As part of the Triple Constraints, the schedule and budget of a project (and the management thereof) are Key Performance Indicators regarding the success of any project. This course will enable the participants to hone the skills necessary to effectively manage the schedule and budget of a project.

Students should have taken Overview of Project Management and Leadership and Project Time and Cost Management.

Instructor:

Ricardo Valerdi, is a Research Associate at MIT and the developer of the COSYSMO model for estimating systems engineering effort. Dr. Valerdi's work has been used by BAE Systems, Boeing, General Dynamics, L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon, and SAIC. Dr. Valerdi is a Visiting Associate of the Center for Systems and Software Engineering at the University of Southern California where he earned his Ph.D. in Industrial & Systems Engineering. Previously, he worked at The Aerospace Corporation, Motorola and General Instrument. He served on the Board of Directors of INCOSE, is an Editorial Advisor of the Journal of Cost Analysis and Parametrics, and is the author of the book The Constructive Systems Engineering Cost Model (COSYSMO): Quantifying the Costs of Systems Engineering Effort in Complex Systems (VDM Verlag, 2008).

Contact this instructor (please mention course name in the subject line)

Who Should Attend:

Project managers, team leaders, and others who work with project teams will benefit from this course.

Benefits of Attendance:

Students will be able to:

• determine how to effectively define activities;
• determine ways to effectively sequence activities;
• determine how to effectively estimate resource requirements and estimate durations;
• develop an effective schedule;
• effectively utilize schedule controls to keep their projects on schedule;
• effectively "Crash" and "Fast Track" their projects to meet time and cost requirements;
• determine how to estimate costs;
• determine how to effectively budget for project costs;
• effectively control the costs of a project; and
• influence future project activities to meet project goals.

Course Outline:

CHAPTER 1: PROJECT TIME MANAGEMENT

CHAPTER 2: ACTIVITY DEFINITION
1) Enterprise Environment Factors
2) Organizational Process Assets
3) Project Scope Statement
4) WBS and WBS Dictionary
5) Project Management Plan
6) Decomposition
7) Templates
8) Rolling Wave Planning
9) Expert Judgment
10) Planning Component
11) Activity and Milestone Lists
12) Activity Attributes
13) Requested Changes

CHAPTER 3: ACTIVITY SEQUENCING
1) Project Scope Statement
2) Activity and Milestone Lists
3) Activity Attributes
4) Approved Change Requests
5) Precedence Diagramming Method
6) Arrow Diagramming Method
7) Schedule Network Templates
8) Dependency Determination
9) Applying Leads and Lags
10) Project Schedule Network Diagrams
11) Activity List and Attributes
12) Requested Changes

CHAPTER 4: ACTIVITY RESOURCE ESTIMATING
1) Enterprise Environmental Factors
2) Organizational Process Assets
3) Activity List and Attributes
4) Resource Availability
5) Project Management Plan
6) Expert Judgement
7) Alternative Analysis
8) Published Estimating Data
9) Project Management Software
10) Bottom-up Estimating
11) Resource Requirements
12) Activity Attributes (Updates)
13) Resource Breakdown Structure
14) Resource Calendar (Updates)
15) Requested Changes

CHAPTER 5: ACTIVITY DURATION ESTIMATING
1) Enterprise Environmental Factors
2) Organizational Process Assets
3) Project Scope Statement
4) Activity List
5) Activity Attributes and Resource Requirements
6) Resource Calendar
7) Project Management Plan
8) Expert Judgement
9) Analogous Estimating
10) Parametric Estimating
11) Three-Point Estimates
12) Reserve Analysis
13) Activity Duration Estimates
14) Activity Attributes (Updates)

CHAPTER 6: SCHEDULE DEVELOPMENT
1) Organizational Process Assets
2) Project Scope Statement
3) Activity List and Attributes
4) Project Schedule Network Diagrams
5) Activity Resource Requirements
6) Resource Calendars
7) Activity Duration Estimates
8) Project Management Plan
9) Schedule Network Analysis
10) Critical Path Method
11) Schedule Compression
12) What-If Scenario Analysis
13) Resource Leveling
14) Critical Chain Method
15) Project Management Software
16) Applying Calendars
17) Adjusting Leads and Lags
18) Schedule Model
19) Project Schedule
20) Schedule Model Data
21) Schedule Baseline
22) Resource Requirements (Updates)
23) Activity Attributes (Updates)
24) Project Calendar (Updates)
25) Requested Changes
26) Project Management Plan (Updates)

CHAPTER 7: SCHEDULE CONTROL
1) Schedule Management Plan
2) Schedule Baseline
3) Performance Reports
4) Approved Change Requests
5) Progress Reporting
6) Schedule Change Control System
7) Performance Measurement
8) Project Management Software
9) Variance Analysis
10) Schedule Comparison Bar Charts
11) Schedule Model Data
12) Schedule Baseline (Updates)
13) Performance Measurements
14) Requested Changes
15) Recommended Corrective Actions
16) Organization Process Assets (Updates)
17) Activity List (Updates)
18) Activity Attributes (Updates)
19) Project Management Plan (Updates)

CHAPTER 8: PROJECT COST MANAGEMENT

CHAPTER 9: COST ESTIMATING
1) Enterprise Environmental Factors
2) Organizational Process Assets
3) Project Scope Statement
4) WBS and WBS Dictionary
5) Project, Schedule and Staffing Management Plan
6) Risk Register
7) Analogous Estimating
8) Determine Resource Cost Rates
9) Bottom-up Estimating
10) Parametric Estimating
11) Project Management Software
12) Vendor Bid Analysis
13) Reserve Analysis
14) Cost of Quality
15) Activity Cost Estimates
16) Activity Cost Estimate Supporting Detail
17) Requested Changes
18) CMP (Updates)

CHAPTER 10: COST BUDGETING
1) Project Scope Statement
2) WBS and WBS Dictionary
3) Activity Cost Estimates
4) Activity Cost Estimate Supporting Detail
5) Project Schedule
6) Resource Calendars
7) Contract
8) Cost Management Plan
9) Cost Aggregation
10) Reserve Analysis
11) Parametric Estimating
12) Funding Limit Reconciliation
13) Cost Baseline
14) Project Funding Requirements
15) Cost Management Plan (Updates)
16) Requested Changes

CHAPTER 11: COST CONTROL
1) Cost Baseline
2) Project Funding Requirements
3) Performance Reports
4) Work Performance Information
5) Approved Change Requests
6) Project Management Plan
7) Cost Change Control System
8) Performance Measurement Analysis
9) Earned Value Analysis
10) Variance Analysis
11) Forecasting
12) Project Performance Reviews
13) Project Management Software
14) Variance Management
15) Cost Estimates (Updates)
16) Cost Baseline (Updates)
17) Performance Measurements
18) Forecasted Completion
19) Requested Changes
20) Recommended Corrective Actions
21) Organization Process Assets (Updates)
22) Project Management Plan (Updates)

Tuition:

Tuition for this two-and-a-half-day course is $1250 per person at one of our scheduled public courses. Onsite pricing is available. Please call us at 410-596-8805 or send an email to ati@aticourses.com.

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