Schedule and Cost Control [Online]

Procept Associates Ltd.
Training overview
Professional Course
Self-paced Online
14 hours
From 285 USD

Start dates
285 USD
Start anytime

Course description

Schedule and Cost Control [Online]

This online course provides participants with real world tools to manage the complex problems surrounding schedule and cost management. Students will learn a variety of tools and techniques to see what works and what does not in the real world of project management.

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Who should attend?

This course is best suited for intermediate and advanced project managers.


Although not required, Introduction to Project Management (PM101) is recommended as a prerequisite.

Training content

Course Introduction

Quick PM Review

  • The PMI-SP Process
  • The PMI-SP Exam
  • The Basics of PM
  • The Five Process Groups
  • The PMI Process Model
  • The Nine Knowledge Areas

Time Management

  • The PMI Scheduling Model
  • Decomposition
  • Dependencies
  • Conditional Diagramming
  • Leads and Lags
  • Duration Estimating Methods
  • Bottom-Up Estimating
  • Analogous Estimating
  • Expert Judgment for Estimating
  • Parametric Modeling Estimating
  • Program Evaluation & Review Technique (PERT)
  • Project Evaluation & Review Technique (PERT)
  • Resource Considerations
  • Schedule Creation

xCritical Path Method

  • CPM Basics
  • CPM Diagram
  • Constraints
  • Resource Leveling
  • Simulation
  • Duration Compression

Basic Cost Management

  • Types of Cost Estimating
  • Bottom-Up Cost Estimating
  • Analogous / Top Down Estimating
  • Parametric Cost Estimating
  • Types of Project Costs
  • The Cost Baseline
  • Total Project Budget

Introduction to Earned Value

  • Basic Performance Reporting
  • Triangle Reporting
  • Basic Terms
  • Basic Formulas
  • Reading EVT Values
  • Forecasting
  • EVT Charting
  • EV Performance Radar
  • EV 4th Dimension Radar
  • Performance Dashboard

Critical Chain Management

  • The Current Management Paradigm
  • Current Project Schedules
  • The Results
  • A New Paradigm
  • The Theory of Constraints
  • Theory of Constraints Meets Project Management
  • Prevent Multi-Tasking
  • Prevent Multi-Tasking 2
  • CCPM Key Concepts

Project Quality Management

  • Plan Quality
  • Plan Quality Management
  • Perform Quality Assurance
  • Control Quality

Other Cost Calculations

  • Present Value (PV)
  • Net Present Value (NPV)
  • Future Value Calculation
  • Internal Rate of Return (IRR)
  • Return On Investment (ROI)
  • Payback Period
  • Benefit Cost Ratio (BCR)
  • Opportunity Costs (OC)
  • Depreciation

About Procept

Procept Associates Ltd.

Since 1963, Procept (and its subsidiaries) have trained over 1 million people from over 17,000 organizations. We focus on developing competencies in project management, change management, agile management, leadership, business analysis, IT and data management, as well as soft skill...

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