Managing Scope, Schedule, and Cost

Management Concepts

How long?

  • 3 days
  • online, in person

What are the topics?

Management Concepts

Disclaimer

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Who should attend

Project and program managers and team members who wish to enhance their core scheduling and budgeting skills required to deliver critical projects on time and within budget.

About the course

All projects require monitoring and controlling to meet their objectives, whether delivering a research program or a nuclear submarine. Delivering a project within the promised timeframe (schedule), allocated budget (cost), and agreed-upon features (scope) is a fundamental challenge for every project manager. You will gain insight into potential risk areas and learn how to take corrective action to keep the project under control. With exercises that focus on managing scope, schedule, and cost, you will be ready to apply best practices to your project.

Learning Objectives

  • 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
  • Analyze project performance and recommend corrective action

Course Topics

Scope, Schedule, and Cost Overview

  • Scope Management Process
  • Schedule Management Process
  • Cost Management Process
  • Balancing the Competing Constraints
  • Performance Measurement Baseline (PMB)
  • Managing Project Performance
  • Exercise: Scope, Schedule, and Cost Management

Scope

  • Project Scope Management
  • Work Breakdown Structure (WBS)
  • WBS Dictionary
  • Tailoring the Scope Management Process
  • Scope Management Considerations for Adaptive/Agile Environments

Schedule

  • Common Scheduling Terms
  • Scheduling Process
  • Define Activities
  • Sequence Activities
  • Exercise: RUT Project Network Diagram
  • Estimating
  • Estimate Resources
  • Estimate Effort and Duration
  • Developing the Schedule
  • Critical Path
  • Displaying Schedule Information
  • Schedule Development and Analysis Best Practices
  • Schedule Compression
  • Balancing Scope and Schedule
  • Exercise: Analyze RUT Project Schedule for Compression

Cost

  • Cost Management Process Terms
  • Key Cost Concepts
  • Overview
  • Cost Estimating Process
  • Initiation and Research Phase
  • Assessment Phase
  • Analysis Phase
  • Presentation Phase
  • Exercise: Evaluate RUT Project Cost Estimates
  • Determine the Project Budget

Managing Scope, Schedule, and Cost

  • Overview
  • Performance Measurement Baseline (PMB)
  • Management Reserve
  • Project Performance Management
  • Performance Measurement
  • Corrective Action
  • Change Control
  • Exercise: Manage RUT Project Performance
  • Closing Scope, Schedule, and Cost

Managing Scope, Schedule, and Cost at Management Concepts

From  $1,279
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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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