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Project Control: Project Monitoring, Reporting & Control

Date: 17 September 2017 - 21 September 2017
Course ID: ADDQ039/2017
Duration: 5 Days
Fee US $: 3950 US$
Venue: Kuwait

Introduction:

Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization’s financial and strategic objectives, often with sizable increases in costs and with substantial financial losses to the organization. Why? This is due mainly to the failure of many project managers to successfully apply the tools and techniques of modern project planning, monitoring, control and progress reporting on their projects.

Objectives:

SEMINAR OBJECTIVES



This 5-day seminar will provide you with a proven set of methods, processes, tools and techniques to develop a systematic and dynamic project plan to ensure progressive monitoring and reporting of project progress.

This will enable the team to:

Integrate scope, time, resources and cost management into a dynamic, manageable plan

Develop project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks

Maintain continuous project performance and delivery control

Accurately estimate and allocate project costs and resources

Measure, forecast and control project performance by employing earned value techniques

Compress or accelerate the schedule when required by adverse circumstances

Develop a project recovery plan for budget and schedule overruns

Produce clear and concise project progress reports



TRAINING METHODOLOGY



Delegates will develop advanced project management performance and control skills and knowledge through formal and interactive learning methods. The program includes case studies, group discussion and critical analysis of video material based on actual large construction projects.

Additionally, the seminar does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project planning, scheduling and control

Who should attend:

This seminar is designed for project team leaders, project planning engineers and heads, and senior project control and business services professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies.

Daily Outlines:

Day1 - Project Fundamentals and Scope Planning

• Project scope and scope statement

• What is project management?

• Project management framework

• Project stakeholders

• Work breakdown structure (WBS)

• Project charter document



Day2 - Project Schedule & Contingency Planning



• Project planning

• Milestones chart

• Estimating activity duration

• Dependency analysis

• Concept of float

• Program evaluation and review technique

Project Cost Management

• Classification of costs

• Estimate the cost of project activities and work packages

• Develop contingency reserves and management reserves

• Determine the project budget and establish the cost performance baseline

• Review and manage the project budget and coordinate with cash-In

• Earned Value Management: the method and the application

• Cost control using BOQ items versus Earned Value Management

Managing Project Risks

• Identifying project Risks, Probability, Impact and severity

• The Risk Register, en example

• Qualifying risks and updating the risk register

• Monte Carlo Simulation and risk quantification

• Develop risk response plans

• Monitor and control risks and Issue

Managing Project Documents and Communications

• Identify Project Stakeholders and plan Communications

• Managing Project Records

• Request For Information

• Meeting Minutes

• Notices / Letters

• Daily Reports

• Submittals and Transmittals

• Change management cycle



Day3 - Project Cost Estimating & Budgeting



• Project resourcing

• Project cost management

• Cost estimates

• Purpose of cost estimates

• Parametric estimating

• Project budgeting

• Cash flow analysis

• Time value of money



Day4 - Project Resourcing & Accelerating Project Schedule

• Resource handling

• Crashing networks

• Linear time-cost trade-off

• Case study

• Identification of risks in projects

• Risk analysis and management



Day5 - Project Execution Management and Recovery Plan

• Project execution

• Performance measures

• The project s-curve

• Project control & system variations

• Earned value management

• Project variance analysis

• Post-project review

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