Course 191:
Managing Scope, Schedule, and Cost

(3 days)

 

Business Need

Delivering a project within the timeframe promised (schedule), budget allocated (cost), and with all the bells and whistles (scope) are fundamental issues for all facets of organizational success and touch every aspect of the entity. Whether delivering a new building, software project, research program, or a nuclear submarine, all projects require constant monitoring and controlling to meet their objectives on time and within budget.

By identifying early warning indicators, you will gain greater insight into potential risk areas and take the necessary corrective action to keep the project in control.

Course Description

This course provides a structured approach to project planning and management. This course goes beyond project management fundamentals and applies a variety of techniques to balance the competing demands of scope, schedule, and cost. It uses industry best practices to teach the latest tools and techniques. Learn how to establish the performance measurement baseline (PMB) and gain proficiency in the tools and techniques used to compare actual work accomplished against established plans. Determine how best to plan project scope based on stakeholder budget and schedule constraints. Be proactive and in control of your project by implementing cost and schedule management.

Learning Objectives

By the end of this course, you will be able to:

  • Discuss key project scope, schedule, and cost concepts
  • Evaluate a deliverable-based work breakdown structure (WBS) and create a WBS dictionary
  • Validate a project schedule and demonstrate schedule compression techniques
  • Evaluate and validate cost estimates
  • Create an on-the-job action plan

Prerequisites

Project Management principles or equivalent.

Course Outline

Scope Schedule and Cost Overview

  • Review of Key Scope, Schedule, and Cost Concepts

Scope

  • Relationship between Project Scope and Requirements
  • Role of Estimating in Project Scope
  • Product-Oriented Work Breakdown Structures (WBS)
  • WBS Dictionary

Schedule

  • Key Steps in Project Scheduling
  • Organizing and Scheduling Work to Accomplish Project Scope
  • Verifying That the Organized Work Can Be Accomplished
  • Schedule Compression Techniques

Cost

  • Cost Estimating Process
  • Cost Estimating Techniques
  • Evaluating Cost Estimates

Managing Scope, Schedule, and Cost

  • Discuss Basic Concepts Relating to Managing Project Scope, Schedule, and Cost
  • Performance Measurement Baseline (PMB)
  • Management Reserve
  • Performance Measures
  • Process of Managing Project Performance
  • Analyzing Project Performance and Recommending Corrective Actions

Developing an Action Plan

  • Action Planning

Please Contact Your ROI Representative to Discuss Course Tailoring!