Overview
Effective
planning and control entails developing skills
that go far beyond
mastery of Microsoft Project! To begin with,
it requires the development of solid cost, duration,
and resource estimates, which means that practitioners
need to learn the principles of effective estimation.
In planning projects, they also need to know
how to construct product-oriented and task-oriented
work breakdown structures (WBSs), since WBSs
form the foundation of schedules and budgets.
In the scheduling arena, today’s practitioners
need to go beyond PERT/CPM and should get up
to speed on brand new scheduling techniques,
such as critical chain scheduling and time-boxed
scheduling. And once the project is underway,
they should be able to track actuals-versus-planned
in order to keep the project under control.
[Note: Students who sign up for Planning
and Control should not take UMT-PM010.
Critical Chain and Time-boxed Scheduling or UMT-PM009.
Effective Estimation.]
Objectives
To have students develop a
thorough grounding on concepts and techniques
needed to deliver projects on time, within
budget, and according to specifications.
PMBOK Knowledge Areas
- Project Time Management
- Project
Scope Management
- Project Cost Management
- Project Risk Management
Instruction
- Course modules containing cutting-edge
knowledge developed by renowned experts in
project management
- Course
Textbook: The New Project Management, by
J. Davidson Frame
- "Think and Review" section
that helps you review key points of the modules
- Answers to the "Think
and Review" section
- A final exam which contains
multiple choice and true/false questions
- Certificate of Completion,
which makes students eligible for 30 PDU
credits (given upon exam completion).
What You Will Learn
- Elements of effective estimation,
including: working with conceptual, preliminary,
and definitive estimates; using the PERT
Beta distribution to estimate costs, resource
requirements, and task durations; conducting
bottom-up and parametric cost estimates
- Developing
product-oriented and task-oriented WBSs
- Principles
of critical chain scheduling, including:
avoiding the Student Syndrome;
overcoming Parkinson’s Law; effective
use of project, resource, and feeder buffers
- Principles
of time-boxed scheduling, including prioritizing
business requirements with the
Poor Man’s Hierarchy and Pareto’s
Rule; prioritizing technical requirements;
and speeding development through parallel
execution
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
Take
a Course
This course costs $990. You
can begin the course today, with no application
necessary.
There are four easy ways to sign up:
- Secure Online
Payment (VISA, Master & American Express)
- Registration Form [Word].
Mail the form with your check to: UMT, 1901
North
Fort Myer
Drive, Suite 700, Arlington, VA 22209-1609.
- Fax
the form to us at (703) 516-0985.
- Register
by phone at (703) 516-0035.
Once the
payment has cleared, you will be issued an
ID name and a Password that will allow
you to access the full course.
To access the course, log into the UMT online
coursesite with your USER ID and PASSWORD at:
coursesite.umtweb.edu.
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