Training Project Cost Management

Training The Basics Of Project Management

Training Project Costing And Budgeting

DESCRIPTION

Designed by seasoned project managers for project managers, this seminar steps through the full life cycle of information technology (IT) project management.

PROJECT COST MANAGEMENT
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Targeted for serious IT project managers who need to handle tough projects, this training covers the basics of project management, including requirements writing, work breakdown structures, and planning techniques, then introduces phase/gate reviews, work packages, risks and other advanced topics. Learn to develop strong cross-functional teams, create solid project scope statements, handle changes and scope-creep, and keep your senior management support.

COST MANAGEMENT
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PARTICIPANT

This workshop is specially designed for: Project managers who wish to control their budget better, or project financial staff who need a better understanding of project costing and budgeting, Project Leader, Project Team Members, etc. Prerequisites: General knowledge of project management or financial accounting

COURSE OUTLINE

1.      Overview of Project Management

In this module the participants will learn an overall approach to managing projects. This will provide the context for developing and managing the project budget. Topics will cover:

Basic definitions
Common project management processes
Project phases and life cycles
Project deliverables
Roles and responsibilities
2.      Developing the project schedule

In this module we will create the overall project schedule and learn how the budget is tied to each individual project activity. Topics will cover:

Creating the work breakdown structure (WBS)
Defining the activities
Adding resources
Estimating activity durations
Developing the schedule
3.      Developing the Project Budget

Here the participants will learn how create both high-level budgets at the beginning of the project and the detailed budgets that are necessary for project control. Topics will cover:

Top-level budgets
Detailed budgets
The S-Curve
Personnel costing
Materials and equipment costing
Adding in overhead
Management reserves
4.      Controlling the Project Budget

In this module the participants will learn the necessary steps to controlling and managing the project budget. Topics will cover:

Identifying and managing hours worked
Tracking equipment and materials costs
Weekly budget reports
Work packages and control accounts
Control Account Plans (CAPS)
Estimates to Complete (ETC) and Estimates at Completion (EAC)
5.      Earned Value Management

In this module the participants will learn that for large, complex projects the most accurate way to track progress is through Earned Value Management. The participants will learn:

Whatis EVM?
Costand schedule variances
Costand schedule performanceindices
METHODE

Presentation; Discussion;
Case Study;Evaluation;
Pre test & Post Test