/  Project Planning, Scheduling and Cost Estimating Skills Training

Project Planning, Scheduling and Cost Estimating Skills Training

BMC Training provides a training course in Project Planning, Scheduling and Cost Estimating Skills in Project , Procurement and Contracts

Course Title
Venue
Start Date
End Date
  • Istanbul
    27 - 1 - 2019
    7 - 2 - 2019
  • Bali
    27 - 1 - 2019
    7 - 2 - 2019
  • Singapore
    27 - 1 - 2019
    7 - 2 - 2019
  • London
    20 - 1 - 2019
    31 - 1 - 2019
  • Madrid
    20 - 1 - 2019
    31 - 1 - 2019
  • Munich
    20 - 1 - 2019
    31 - 1 - 2019
  • Berlin
    20 - 1 - 2019
    31 - 1 - 2019
  • Kuala Lumpur
    13 - 1 - 2019
    24 - 1 - 2019
  • Rome
    13 - 1 - 2019
    24 - 1 - 2019
  • Rome
    13 - 1 - 2019
    24 - 1 - 2019
  • Barcelona
    13 - 1 - 2019
    24 - 1 - 2019
  • Zurich
    13 - 1 - 2019
    24 - 1 - 2019
  • Dubai
    6 - 1 - 2019
    17 - 1 - 2019
  • Paris
    6 - 1 - 2019
    17 - 1 - 2019
  • Hong Kong
    6 - 1 - 2019
    17 - 1 - 2019
  • London
    24 - 2 - 2019
    7 - 3 - 2019
  • Madrid
    24 - 2 - 2019
    7 - 3 - 2019
  • Munich
    24 - 2 - 2019
    7 - 3 - 2019
  • Berlin
    24 - 2 - 2019
    7 - 3 - 2019
  • Dubai
    17 - 2 - 2019
    28 - 2 - 2019
  • Paris
    17 - 2 - 2019
    28 - 2 - 2019
  • Hong Kong
    17 - 2 - 2019
    28 - 2 - 2019
  • Kuala Lumpur
    10 - 2 - 2019
    21 - 2 - 2019
  • Rome
    10 - 2 - 2019
    21 - 2 - 2019
  • Rome
    10 - 2 - 2019
    21 - 2 - 2019
  • Barcelona
    10 - 2 - 2019
    21 - 2 - 2019
  • Zurich
    10 - 2 - 2019
    21 - 2 - 2019
  • Istanbul
    3 - 2 - 2019
    14 - 2 - 2019
  • Bali
    3 - 2 - 2019
    14 - 2 - 2019
  • Singapore
    3 - 2 - 2019
    14 - 2 - 2019
  • Istanbul
    17 - 3 - 2019
    28 - 3 - 2019
  • Bali
    17 - 3 - 2019
    28 - 3 - 2019
  • Singapore
    17 - 3 - 2019
    28 - 3 - 2019
  • London
    10 - 3 - 2019
    21 - 3 - 2019
  • Madrid
    10 - 3 - 2019
    21 - 3 - 2019
  • Munich
    10 - 3 - 2019
    21 - 3 - 2019
  • Berlin
    10 - 3 - 2019
    21 - 3 - 2019
  • Kuala Lumpur
    3 - 3 - 2019
    14 - 3 - 2019
  • Rome
    3 - 3 - 2019
    14 - 3 - 2019
  • Rome
    3 - 3 - 2019
    14 - 3 - 2019
  • Barcelona
    3 - 3 - 2019
    14 - 3 - 2019
  • Zurich
    3 - 3 - 2019
    14 - 3 - 2019
  • Dubai
    24 - 3 - 2019
    4 - 4 - 2019
  • Paris
    24 - 3 - 2019
    4 - 4 - 2019
  • Hong Kong
    24 - 3 - 2019
    4 - 4 - 2019
  • London
    28 - 4 - 2019
    9 - 5 - 2019
  • Madrid
    28 - 4 - 2019
    9 - 5 - 2019
  • Munich
    28 - 4 - 2019
    9 - 5 - 2019
  • Berlin
    28 - 4 - 2019
    9 - 5 - 2019
  • Dubai
    7 - 4 - 2019
    18 - 4 - 2019
  • Paris
    7 - 4 - 2019
    18 - 4 - 2019
  • Hong Kong
    7 - 4 - 2019
    18 - 4 - 2019
  • Kuala Lumpur
    14 - 4 - 2019
    25 - 4 - 2019
  • Rome
    14 - 4 - 2019
    25 - 4 - 2019
  • Rome
    14 - 4 - 2019
    25 - 4 - 2019
  • Barcelona
    14 - 4 - 2019
    25 - 4 - 2019
  • Zurich
    14 - 4 - 2019
    25 - 4 - 2019
  • Istanbul
    21 - 4 - 2019
    2 - 5 - 2019
  • Bali
    21 - 4 - 2019
    2 - 5 - 2019
  • Singapore
    21 - 4 - 2019
    2 - 5 - 2019
  • Istanbul
    12 - 5 - 2019
    23 - 5 - 2019
  • Bali
    12 - 5 - 2019
    23 - 5 - 2019
  • Singapore
    12 - 5 - 2019
    23 - 5 - 2019
  • London
    5 - 5 - 2019
    16 - 5 - 2019
  • Madrid
    5 - 5 - 2019
    16 - 5 - 2019
  • Munich
    5 - 5 - 2019
    16 - 5 - 2019
  • Berlin
    5 - 5 - 2019
    16 - 5 - 2019
  • Kuala Lumpur
    19 - 5 - 2019
    30 - 5 - 2019
  • Rome
    19 - 5 - 2019
    30 - 5 - 2019
  • Rome
    19 - 5 - 2019
    30 - 5 - 2019
  • Barcelona
    19 - 5 - 2019
    30 - 5 - 2019
  • Zurich
    19 - 5 - 2019
    30 - 5 - 2019
  • Dubai
    26 - 5 - 2019
    6 - 6 - 2019
  • Paris
    26 - 5 - 2019
    6 - 6 - 2019
  • Hong Kong
    26 - 5 - 2019
    6 - 6 - 2019
  • London
    9 - 6 - 2019
    20 - 6 - 2019
  • Madrid
    9 - 6 - 2019
    20 - 6 - 2019
  • Munich
    9 - 6 - 2019
    20 - 6 - 2019
  • Berlin
    9 - 6 - 2019
    20 - 6 - 2019
  • Dubai
    16 - 6 - 2019
    27 - 6 - 2019
  • Paris
    16 - 6 - 2019
    27 - 6 - 2019
  • Hong Kong
    16 - 6 - 2019
    27 - 6 - 2019
  • Kuala Lumpur
    23 - 6 - 2019
    4 - 7 - 2019
  • Rome
    23 - 6 - 2019
    4 - 7 - 2019
  • Rome
    23 - 6 - 2019
    4 - 7 - 2019
  • Barcelona
    23 - 6 - 2019
    4 - 7 - 2019
  • Zurich
    23 - 6 - 2019
    4 - 7 - 2019
  • Istanbul
    2 - 6 - 2019
    13 - 6 - 2019
  • Bali
    2 - 6 - 2019
    13 - 6 - 2019
  • Singapore
    2 - 6 - 2019
    13 - 6 - 2019
  • Istanbul
    7 - 7 - 2019
    18 - 7 - 2019
  • Bali
    7 - 7 - 2019
    18 - 7 - 2019
  • Singapore
    7 - 7 - 2019
    18 - 7 - 2019
  • London
    14 - 7 - 2019
    25 - 7 - 2019
  • Madrid
    14 - 7 - 2019
    25 - 7 - 2019
  • Munich
    14 - 7 - 2019
    25 - 7 - 2019
  • Berlin
    14 - 7 - 2019
    25 - 7 - 2019
  • Kuala Lumpur
    21 - 7 - 2019
    1 - 8 - 2019
  • Rome
    21 - 7 - 2019
    1 - 8 - 2019
  • Rome
    21 - 7 - 2019
    1 - 8 - 2019
  • Barcelona
    21 - 7 - 2019
    1 - 8 - 2019
  • Zurich
    21 - 7 - 2019
    1 - 8 - 2019
  • Dubai
    28 - 7 - 2019
    8 - 8 - 2019
  • Paris
    28 - 7 - 2019
    8 - 8 - 2019
  • Hong Kong
    28 - 7 - 2019
    8 - 8 - 2019
  • London
    4 - 8 - 2019
    15 - 8 - 2019
  • Madrid
    4 - 8 - 2019
    15 - 8 - 2019
  • Munich
    4 - 8 - 2019
    15 - 8 - 2019
  • Berlin
    4 - 8 - 2019
    15 - 8 - 2019
  • Dubai
    11 - 8 - 2019
    22 - 8 - 2019
  • Paris
    11 - 8 - 2019
    22 - 8 - 2019
  • Hong Kong
    11 - 8 - 2019
    22 - 8 - 2019
  • Kuala Lumpur
    18 - 8 - 2019
    29 - 8 - 2019
  • Rome
    18 - 8 - 2019
    29 - 8 - 2019
  • Rome
    18 - 8 - 2019
    29 - 8 - 2019
  • Barcelona
    18 - 8 - 2019
    29 - 8 - 2019
  • Zurich
    18 - 8 - 2019
    29 - 8 - 2019
  • Istanbul
    25 - 8 - 2019
    5 - 9 - 2019
  • Bali
    25 - 8 - 2019
    5 - 9 - 2019
  • Singapore
    25 - 8 - 2019
    5 - 9 - 2019
  • Istanbul
    22 - 9 - 2019
    3 - 10 - 2019
  • Bali
    22 - 9 - 2019
    3 - 10 - 2019
  • Singapore
    22 - 9 - 2019
    3 - 10 - 2019
  • London
    1 - 9 - 2019
    12 - 9 - 2019
  • Madrid
    1 - 9 - 2019
    12 - 9 - 2019
  • Munich
    1 - 9 - 2019
    12 - 9 - 2019
  • Berlin
    1 - 9 - 2019
    12 - 9 - 2019
  • Kuala Lumpur
    8 - 9 - 2019
    19 - 9 - 2019
  • Rome
    8 - 9 - 2019
    19 - 9 - 2019
  • Rome
    8 - 9 - 2019
    19 - 9 - 2019
  • Barcelona
    8 - 9 - 2019
    19 - 9 - 2019
  • Zurich
    8 - 9 - 2019
    19 - 9 - 2019
  • Dubai
    15 - 9 - 2019
    26 - 9 - 2019
  • Paris
    15 - 9 - 2019
    26 - 9 - 2019
  • Hong Kong
    15 - 9 - 2019
    26 - 9 - 2019
  • London
    20 - 10 - 2019
    31 - 10 - 2019
  • Madrid
    20 - 10 - 2019
    31 - 10 - 2019
  • Munich
    20 - 10 - 2019
    31 - 10 - 2019
  • Berlin
    20 - 10 - 2019
    31 - 10 - 2019
  • Dubai
    27 - 10 - 2019
    7 - 11 - 2019
  • Paris
    27 - 10 - 2019
    7 - 11 - 2019
  • Hong Kong
    27 - 10 - 2019
    7 - 11 - 2019
  • Kuala Lumpur
    6 - 10 - 2019
    17 - 10 - 2019
  • Rome
    6 - 10 - 2019
    17 - 10 - 2019
  • Rome
    6 - 10 - 2019
    17 - 10 - 2019
  • Barcelona
    6 - 10 - 2019
    17 - 10 - 2019
  • Zurich
    6 - 10 - 2019
    17 - 10 - 2019
  • Istanbul
    13 - 10 - 2019
    24 - 10 - 2019
  • Bali
    13 - 10 - 2019
    24 - 10 - 2019
  • Singapore
    13 - 10 - 2019
    24 - 10 - 2019
  • Istanbul
    3 - 11 - 2019
    14 - 11 - 2019
  • Bali
    3 - 11 - 2019
    14 - 11 - 2019
  • Singapore
    3 - 11 - 2019
    14 - 11 - 2019
  • London
    17 - 11 - 2019
    28 - 11 - 2019
  • Madrid
    17 - 11 - 2019
    28 - 11 - 2019
  • Munich
    17 - 11 - 2019
    28 - 11 - 2019
  • Berlin
    17 - 11 - 2019
    28 - 11 - 2019
  • Kuala Lumpur
    3 - 11 - 2019
    14 - 11 - 2019
  • Rome
    3 - 11 - 2019
    14 - 11 - 2019
  • Rome
    3 - 11 - 2019
    14 - 11 - 2019
  • Barcelona
    3 - 11 - 2019
    14 - 11 - 2019
  • Zurich
    3 - 11 - 2019
    14 - 11 - 2019
  • Dubai
    10 - 11 - 2019
    21 - 11 - 2019
  • Paris
    10 - 11 - 2019
    21 - 11 - 2019
  • Hong Kong
    10 - 11 - 2019
    21 - 11 - 2019
  • London
    15 - 12 - 2019
    26 - 12 - 2019
  • Madrid
    15 - 12 - 2019
    26 - 12 - 2019
  • Munich
    15 - 12 - 2019
    26 - 12 - 2019
  • Berlin
    15 - 12 - 2019
    26 - 12 - 2019
  • Dubai
    22 - 12 - 2019
    2 - 1 - 2020
  • Paris
    22 - 12 - 2019
    2 - 1 - 2020
  • Hong Kong
    22 - 12 - 2019
    2 - 1 - 2020
  • Kuala Lumpur
    1 - 12 - 2019
    12 - 12 - 2019
  • Rome
    1 - 12 - 2019
    12 - 12 - 2019
  • Rome
    1 - 12 - 2019
    12 - 12 - 2019
  • Barcelona
    1 - 12 - 2019
    12 - 12 - 2019
  • Zurich
    1 - 12 - 2019
    12 - 12 - 2019
  • Istanbul
    8 - 12 - 2019
    19 - 12 - 2019
  • Bali
    8 - 12 - 2019
    19 - 12 - 2019
  • Singapore
    8 - 12 - 2019
    19 - 12 - 2019

Introduction

The late delivery of projects have become the scourge of project professionals worldwide. Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization's financial and strategic objectives, often with sizable increases in costs and with substantial financial losses to the organization. Why?

This is due mainly to the failure of many project professionals to successfully apply the tools and techniques of modern project planning, scheduling and control to their projects. Likewise, the development of reliable cost estimates during the design and early conceptual stages of a proposed project are of critical importance to the success of the project.

The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them.

In addition to the potential financial losses suffered by the organization, many such projects subsequently fail to deliver the required quality of outcomes intended for the project as a direct consequence of poor estimating. Budgeting inaccuracies inevitably result in lower quality workmanship and materials.

The estimating techniques and processes covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on budget estimates, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts, and performing lump sum and unit-price estimates.

This brand new day course will significantly enhance the skills and knowledge of delegates and improve their ability to properly plan and schedule their projects, as well as perform estimates at both the conceptual and detailed levels, and to compare feasible alternatives quickly and efficiently.

Objectives

  • Gain knowledge of techniques used in resource planning and control.
  • Understand the time-cost trade-offs.
  • Identify risk sources and minimize their impact and learn how to sustain project momentum.
  • Learn how to administer project documentation and reporting.
  • Develop effective performance monitoring and control systems.
  • Gain knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
  • Understand the different types of estimates used to accurately and progressively estimate project costs
  • Understand the different types of contracts based on the distribution of risk between contracting parties
  • Effectively apply incentive arrangements to get the best results from the contract

Content

Day One

Project Scope Planning and Definitions (Fundamentals)

  • Introduction to Project Management
  • Scope Planning
  • Work Packages
  • Scope Execution Plan
  • Triple Constraints - Time Cost, Scope
  • Project Delivery Systems

Day Two

Project Schedule Planning

  • Economic Evaluation and impact of interest rates
  • Work Breakdown Structures (WBS)
  • Project Estimating
  • Gantt Chart - Schedule Baseline
  • Precedence Network Diagramming
  • Building schedule logic
  • What is float?

Day Three

Critical Path and Network Scheduling

  • Activity development
  • Network calculations
  • Forward and backward pass
  • Lead and Lag Scheduling
  • Program Evaluation and Review Technique (PERT)
  • Time-Cost-Scope Trade-off

Day Four

Advanced Planning Methods and Project Control

  • Preparing a Line of Balance Schedule (LSM)
  • Project Control Systems
  • Earned Value Analysis
  • Earned Value Reporting
  • Resource Allocation Algorithms for Resource Prioritization
  • Time and Cost Tradeoff

Day Five 

Progress Reporting and Schedule Acceleration

  • Progress Tracking and Monitoring
  • Options for Accelerating the Schedule
  • Crashing the Schedule - How?
  • Lean Approaches

Day Six

Cost Estimating Basics

  • Basic Project Management definitions
  • Cost Selection Methods
  • Typical project terminology & setting up for success
  • Project cost management
  • Cost estimation
  • Cost Budgeting
  • Cost Control
  • Triple Constraints – Time, Cost, Scope
  • Understanding project management inputs to cost estimation
  • Resource and Cost Allocation
  • Workshop

Day Seven

Developing The Project Budget & Cost Control

  • Project management inputs to cost budgeting
  • Resource Requirements
  • Direct & Indirect Project Costs
  • PERT, Probability and Standard Deviation Formulae
  • Calculating the Standard Deviation
  • Earned Value Control Process
  • Schedule Variances
  • Earned Value Analysis
  • Earned Value Reporting
  • Project Variance Analysis and Quantification
  • Schedule Performance Index (SPI)
  • Cost Performance Index (CPI)
  • Estimate At Completion (EAC)
  • Estimate To Complete (ETC)

Day Eight

Managing Cost Risk

  • Risk Analysis & Management
  • Risk Identification
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Risk & Probability Matrix
  • Risk Response Strategy
  • Contingency Reserve
  • Watch List
  • Acceptance Strategy
  • The S-Curve for Risk & for Cost
  • Workshop

Day Nine

Contract Types & Compensation Arrangements

  • Procurement Management
  • Make or Buy Analysis
  • Procurement documents
  • Contract types
  • Risk distribution in contracting
  • Project risk profiles
  • Contract types according to risk distribution
  • Fixed Price Contracts
    • Firm Fixed Price
    • Fixed Price with Economic Adjustment
  • Incentive Contracts
    • Fixed Price Incentive
    • Cost Plus Incentive
  • Cost-Plus Contracts
    • Cost Reimbursement
    • Cost Plus Award Fee
    • Cost Plus Fixed Fee
  • Time-and-Materials
  • Workshop

Day Ten

Cost of Quality

  • Quality Planning & Assurance
  • Quality Control
  • Benchmarking
  • Pareto Analysis
  • Cause & Effect – Fishbone
  • Control Chart
  • Quality & Grade
  • Workshop

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