Introduction
This course provides participants with the skills to plan their projects and develop practical schedules. Additionally, participants will learn techniques to monitor and control the project’s schedule and budget. Finally, the course will cover managing stakeholders' expectations and engaging them effectively.
Goals
Participants will learn:
- Planning projects.
- Organizing projects.
- Executing projects.
- Controlling projects.
- Budgeting.
- Managing stakeholders.
TRAINING OBJECTIVES
- Define project scope and identify the specific deliverables that will be produced during the project, and break them down into manageable components using Work Breakdown Structure (WBS) technique.
- Construct project network diagrams, apply critical methods, and schedule project activities to optimize resource utilization.
- Determine project status by calculating project budget and schedule variances using Earned Value method.
- Apply capital budgeting techniques to evaluate and select projects that are expected to create value for the organization.
- Manage project stakeholders by analyzing their needs and applying several engagement techniques.
Training Methodology
The course uses interactive techniques, such as brief presentations by the consultant and participants. The course also includes group exercises, case studies, and plenary discussions. In addition, this course incorporates pre- and post-testing.
Target Groups
Project managers, members of project offices, project sponsors, functional managers, senior management, and individuals keen on improving their competence in project management.
Program Content
Planning Projects
- Definition of a project.
- Applications of project management.
- Managing project constraints.
- Project charter.
- Project scope statement.
- Work Breakdown Structure (WBS).
Scheduling Projects
- Program Evaluation and Review Technique (PERT).
- Gantt chart.
- Milestone chart.
- Critical Path Method (CPM).
- Schedule compression techniques.
- Resource planning and leveling.
Organizing and Controlling Projects
- Organizational structures.
- Mastering Earned Value Management (EVM).
- Schedule and cost variances.
- Schedule and cost performance indexes.
- Project management reporting.
- The use of software in project management.
Selecting Projects Using Capital Budgeting Techniques
- Capital budgeting and cost of capital.
- Accounting Rate of Return (ARR).
- Payback Period (PP).
- Net Present Value (NPV).
- Internal Rate of Return (IRR).
Managing Project Stakeholders
- Identifying project stakeholders.
- Types of project stakeholders.
- Managing stakeholder engagement techniques.
- Project negotiation.
- Skills and competencies for project managers.
