Objectives

To have students develop a thorough grounding on concepts and techniques needed to deliver projects on time, within budget, and according to specifications.

Instruction

Method: Lecture, case studies, class exercises

Material: Course workbook. Text: J. Davidson Frame, The New Project Management (Jossey-Bass Publishers, 1994)

PMBOK Knowledge Areas

• Integration Management
• Scope Management
• Time Management
• Cost Management Risk Management

Topics Covered

• Central role of estimation in project management
• Measurement—reliability and validity
• Forecasting—normative vs. extrapolation
• Need for risk assessment in estimating
• Estimation techniques: regression, Delphi, moving averages
• Pareto’s rule
• Data collection
• Cost estimating: bottom-up vs. top-down
• Life-cycle cost estimating
• Work breakdown structure (WBS)
• Organizational breakdown structure (OBS). Gantt charts. Milestone charts
• Working time vs. non-working time
• PERT/CPM networking
• Critical path concepts
• Review of scheduling S/W
• Integrated cost/schedule control with the Earned Value Method
• Measuring work performance: 50-50 Rule and milestone tracking
• Time-boxed scheduling
• Critical chain scheduling
• Basic economic concepts
• Financial concepts (e.g., capital budgeting, sunk costs)
• Accounting basics. S-curve
• Analyzing cost data
• Benefit-cost analysis
• History of earned value approach

Course Length

This course comes in varying lengths depending upon the needs of your organization. Project Management Professionals (PMPs) are eligible to earn Professional Development Units (PDUs) for taking this course.

Arrange a Course

Contact UMT Corporate Training at (703) 516-0035 or training@umtweb.edu to schedule a course.