Project Time and Cost Management Training for Scientists and Engineers

Project Time and Cost Management Training for Scientists and Engineers

Project Time and Cost Management Training for Scientists and Engineers  provides a detailed introduction to project time and cost management designed for scientists and engineers.  Learn about tools and techniques for project time and cost estimations, estimating activity duration, dependencies between activities and resources.

Attendees will learn the necessary tools needed to successfully lead teams in the environment of constrained resources and constant pressure to produce desired results.

Many large enterprises  are affected by constraints on the precious resources of funding and time.  Many projects fail to meet their goals for many reasons, including failure to properly manage funding and failure to meet schedule.  Effective planning and execution of project elements can be extremely complicated, especially when it must be applied to very complicated systems..

Learning Objectives

Upon completion of this course, the attendees will learn about:

• Essential concepts, techniques and methodologies for practical project time and cost management for scientists and engineers
• Skills necessary to effectively manage the schedule and budget of any complex project
• Project schedule and budget status reporting
• Recovery techniques to get projects back on track
• Tools and methods to effectively define and estimate activities, sequence activities, resource requirements, schedule and durations
• Tools and methods for schedule controls and costs
• Effective budget for project costs and control
• Procedures, methods and  tools to define the critical path  to enable you to develop a realistic project plan, schedule, time and cost management
• Skills required to effectively manage the schedule and budget of a project
• Key Performance Indicators (KPIs) to achieve success in any any project. with triple constraints:  resources, schedule and budget of a project
• Necessary tools to successfully lead a team in the environment of constrained resources and constant pressure
• Tooles to create and develop a robust project budget by rolling up costs
• Tools and methods to manage and monitor the project schedule and budget
• Earned Value Management (EVM) process and tools to understand schedule and cost variances
• Tools and methods to control the costs of a project aligned to project activities to meet project goals

Course Agenda

Projects and Project Management

• Project Context and Process
• Tools for Planning the Project
• Budgeting and Scheduling the Project
• Resource management Delivering the Project
• Project Time Management
• Project Activity Definition
• Project Activity Sequencing
• Project Activity Resource Estimating
• Project Activity Duration Estimating
• Project Schedule Development and Control
• Project Cost Management
• Project Cost Estimating
• Project Cost Budgeting
• Project Cost Control

Project Life Cycle and Organization

• Project Management Process
• Project Integration Management
• Project Scope Management
• Project Time Management
• Project Cost Management
• Project Quality Management
• Project Human Resource Management
• Project Communications Management
• Project Risk Management
• Project Procurement Management
• Project Organization Structure and Integration
• Project Roles, Responsibility, and Authority
• Managing Participation, Teamwork, and Conflict

Project Time and Cost Management Planning and Definitions

• Planning Fundamentals
• Project Time and Cost Planning
• Project Initiation and Proposals
• Project Scope and Task Definition
• Systems Approach and Systems Engineering
• Systems Development Cycle and Project Conception
• Advanced Project Analyses and Scheduling
• Cost Estimating and Budgeting
• Project Quality Management
• Managing Risks in Projects
• Project Execution and Control
• Project Evaluation
• Project Communication, Implementation, and Closeout

Project Time and Cost Management Tools and Techniques

• Scheduling
• Budgeting
• Risk analysis
• Cost Estimating and Budgeting
• Time Estimating and Control
• Project Execution and Control
• Project Evaluation Communication, Implementation, and Closeout
• Project Quality Management
• Managing Risks in Projects

Product Breakdown Structures (PBS) and Work Breakdown Structures (WBS)

• Using the PBS and WBS to Plan Projects with Time and Cost Constraints
• Budgeting
• Funding
• Task Management
• Management Information Systems
• Project Documentation

Workshops and Case Studies

Workshop 1: Tools for Project Integration Management

• Project Scope Management
• Project Time Management
• Project Cost Management
• Project Quality Management
• Project Human Resource Management
• Project Communications Management
• Project Risk Management
• Project Procurement Management
• Tools for Setting project goals
• Strategic plans into practice
• Improving productivity and efficiency of team members

Workshop 2: Establishing Measures of Success

• Quantifying value commensurate with cost
• Optimizing the use of organizational resources
• Incorporating quality principles
• Overcoming technical challenges
• Managing communications
• Reducing overheads related to time and cost
• Tools for funding and scheduling estimates
• Tools for Project Documentation

Methods of Learning

The methods of learning consist of:

• Visual presentations
• Textbook
• Workshops and discussions
• Case studies to demonstrate application of knowledge to real-life scenarios.
• Hands-on exercises involving the attendees using practical exercises and best practices