Course Overview:

This course teaches you how to plan, estimate, control, and monitor both time and cost in projects. It gives you the tools and techniques to ensure your project is completed on time and within budget, which is crucial for project success.

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

• Who Can Benefit?

• Project Managers
• Contract Administrators
• Engineers
• Project Planners ,Operations Managers

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