Course Objectives

• Understand project management framework, processes and tools in compliance with Project Management Institute (PMI) standards.
• Focus on time and cost management.
•  Learn different methods of constructing project diagrams, schedules and plans.
• Learn tools and techniques necessary to perform an in-depth analysis on project schedules and plans.
• Identify different methods for cost estimation and project budgeting and capital budgeting.

Course Outline

• Overview of Project Management
  • What Is a Project?
  • Project Life Cycle
  • Project Scope Management
  • Building Work Breakdown Structure
  •  Activities and Milestones
• Dependencies and Duration Estimation
  • Analogous Estimating
  • Parametric Estimating
  • Three Point Estimate
  • Mandatory and Discretionary Dependencies
  • Relationships Between Activities
• Project Scheduling
  • Arrow Diagramming Method
  •  Precedence Diagramming Method
  • Constructing Project Network Diagrams and Schedules
  • Critical Path Method
• Project Cost Budgeting and Analysis
  • Cost Estimation Techniques
  • Cost Budgeting
  • Resource Allocation
  • Over-Allocation and Resource Leveling
  • Earned Value
  • Variances
  • Cost and Schedule Indexes
• Capital Budgeting
  • Net Present Value
  • Payback Period
  •  Benefit Cost Ratio
• Internal Rate of Return