COURSE OBJECTIVES
At the end of this program, participants will be able to:
- Plan projects by utilising the statement of work.
- Develop a Work Breakdown Structure (WBS) for project organisation.
- Schedule project activities effectively.
- Construct a project network model for better visualisation.
- Calculate project budgets using Earned Value (EV) techniques.
- Assess schedule variances to track project performance.
- Enhance negotiation and communication skills to engage with project stakeholders.
TARGET AUDIENCE
- Project Managers.
- Members of Project Offices.
- Project Sponsors.
- Functional Managers.
- Senior Management.
- Stakeholders involved in project execution.
- Team members contributing to project success.
DAY 1: Project Planning
- Differentiating Projects from Operations - Definitions and Uses.
- Handling Project Limitations and Advantages.
- Investigating the Project Life Cycle and Charter.
- Outlining Project Scope, Specifications, and Limitations.
- Utilising Work Breakdown Structure for Project Division.
- Grasping the Basics of Project Management - Definitions and Practices.
DAY 2: Project Scheduling
- Organising Activities - Linking WBS and Predecessor Techniques.
- Excelling in Project Evaluation - PERT and Critical Path Method (CPM).
- Scheduling Approaches - Forward and Backward Scheduling Techniques.
- Visualising Progress - Gantt and Milestone Charts.
- Techniques for Efficiency - Slack Management and Schedule Compression Methods.
DAY 3: Project Organisation & Control
- Project Organisation and Oversight - Reporting and Auditing.
- Executing Earned Value Management - Variances and Performance Metrics.
- Enhancing Project Efficiency - Advantages of Earned Value Management.
- Using Software Tools - Their Role and Significance in Project Management.
- Assessing Schedule and Budget Variances for Performance Enhancement.
DAY 4: Project Selection Using Capital Budgeting Methods
- Understanding capital budgeting.
- Accounting Rate of Return (ARR).
- Payback Period (PP).
- Net Present Value (NPV).
- Internal Rate of Return (IRR).
DAY 5: Managing Project Stakeholders
- Recognising stakeholders.
- Categories of stakeholders.
- Overseeing stakeholder involvement.
- Skills for project managers.
- Negotiating in projects.