Project Planning, Scheduling and Cost Estimating Skills Course

Develop skills in project planning, scheduling, and cost estimation. Enroll in this training course to enhance your project management expertise. BMC Training offers Project Planning, Scheduling and Cost Estimating Skills Course in Project , Procurement and Contracts Courses.

  • English
  • 114 Training Sessions
  • Confirmed
  • Two Weeks
Project Planning, Scheduling and Cost Estimating Skills Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Istanbul , Turkey 7 - Jul - 2024 18 - Jul - 2024 9400 GBP
Bali , Indonesia 7 - Jul - 2024 18 - Jul - 2024 16200 GBP
Singapore , Singapore 7 - Jul - 2024 18 - Jul - 2024 15000 GBP
Washington , United States 7 - Jul - 2024 18 - Jul - 2024 22000 GBP
London , UK 14 - Jul - 2024 25 - Jul - 2024 9900 GBP
Madrid , Spain 14 - Jul - 2024 25 - Jul - 2024 13900 GBP
Munich , Germany 14 - Jul - 2024 25 - Jul - 2024 15800 GBP
Berlin , Germany 14 - Jul - 2024 25 - Jul - 2024 15800 GBP
New York , United States 14 - Jul - 2024 25 - Jul - 2024 21800 GBP
Amsterdam , Netherlands 14 - Jul - 2024 25 - Jul - 2024 16200 GBP
Kuala Lumpur , Malaysia 21 - Jul - 2024 1 - Aug - 2024 9500 GBP
Rome , Italy 21 - Jul - 2024 1 - Aug - 2024 14600 GBP
Barcelona , Spain 21 - Jul - 2024 1 - Aug - 2024 13900 GBP
Zurich , Switzerland 21 - Jul - 2024 1 - Aug - 2024 15900 GBP
Dubai , UAE 28 - Jul - 2024 8 - Aug - 2024 9737.5 GBP
Paris , France 28 - Jul - 2024 8 - Aug - 2024 13400 GBP
Hong Kong , Hong Kong 28 - Jul - 2024 8 - Aug - 2024 17000 GBP
Milan , Italy 14 - Jul - 2024 25 - Jul - 2024 13900 GBP
Tokyo , Japan 28 - Jul - 2024 8 - Aug - 2024 19500 GBP
London , UK 4 - Aug - 2024 15 - Aug - 2024 9900 GBP
Madrid , Spain 4 - Aug - 2024 15 - Aug - 2024 13900 GBP
Munich , Germany 4 - Aug - 2024 15 - Aug - 2024 15800 GBP
Berlin , Germany 4 - Aug - 2024 15 - Aug - 2024 15800 GBP
New York , United States 4 - Aug - 2024 15 - Aug - 2024 21800 GBP
Amsterdam , Netherlands 4 - Aug - 2024 15 - Aug - 2024 16200 GBP
Dubai , UAE 11 - Aug - 2024 22 - Aug - 2024 9737.5 GBP
Paris , France 11 - Aug - 2024 22 - Aug - 2024 13400 GBP
Hong Kong , Hong Kong 11 - Aug - 2024 22 - Aug - 2024 17000 GBP
Kuala Lumpur , Malaysia 18 - Aug - 2024 29 - Aug - 2024 9500 GBP
Rome , Italy 18 - Aug - 2024 29 - Aug - 2024 14600 GBP
Barcelona , Spain 18 - Aug - 2024 29 - Aug - 2024 13900 GBP
Zurich , Switzerland 18 - Aug - 2024 29 - Aug - 2024 15900 GBP
Istanbul , Turkey 25 - Aug - 2024 5 - Sep - 2024 9400 GBP
Bali , Indonesia 25 - Aug - 2024 5 - Sep - 2024 16200 GBP
Singapore , Singapore 25 - Aug - 2024 5 - Sep - 2024 15000 GBP
Washington , United States 25 - Aug - 2024 5 - Sep - 2024 22000 GBP
Milan , Italy 4 - Aug - 2024 15 - Aug - 2024 13900 GBP
Tokyo , Japan 11 - Aug - 2024 22 - Aug - 2024 19500 GBP
Istanbul , Turkey 22 - Sep - 2024 3 - Oct - 2024 9400 GBP
Bali , Indonesia 22 - Sep - 2024 3 - Oct - 2024 16200 GBP
Singapore , Singapore 22 - Sep - 2024 3 - Oct - 2024 15000 GBP
Washington , United States 22 - Sep - 2024 3 - Oct - 2024 22000 GBP
London , UK 1 - Sep - 2024 12 - Sep - 2024 9900 GBP
Madrid , Spain 1 - Sep - 2024 12 - Sep - 2024 13900 GBP
Munich , Germany 1 - Sep - 2024 12 - Sep - 2024 15800 GBP
Berlin , Germany 1 - Sep - 2024 12 - Sep - 2024 15800 GBP
New York , United States 1 - Sep - 2024 12 - Sep - 2024 21800 GBP
Amsterdam , Netherlands 1 - Sep - 2024 12 - Sep - 2024 16200 GBP
Kuala Lumpur , Malaysia 8 - Sep - 2024 19 - Sep - 2024 9500 GBP
Rome , Italy 8 - Sep - 2024 19 - Sep - 2024 14600 GBP
Barcelona , Spain 8 - Sep - 2024 19 - Sep - 2024 13900 GBP
Zurich , Switzerland 8 - Sep - 2024 19 - Sep - 2024 15900 GBP
Dubai , UAE 15 - Sep - 2024 26 - Sep - 2024 9737.5 GBP
Paris , France 15 - Sep - 2024 26 - Sep - 2024 13400 GBP
Hong Kong , Hong Kong 15 - Sep - 2024 26 - Sep - 2024 17000 GBP
Milan , Italy 1 - Sep - 2024 12 - Sep - 2024 13900 GBP
Tokyo , Japan 15 - Sep - 2024 26 - Sep - 2024 19500 GBP
London , UK 20 - Oct - 2024 31 - Oct - 2024 9900 GBP
Madrid , Spain 20 - Oct - 2024 31 - Oct - 2024 13900 GBP
Munich , Germany 20 - Oct - 2024 31 - Oct - 2024 15800 GBP
Berlin , Germany 20 - Oct - 2024 31 - Oct - 2024 15800 GBP
New York , United States 20 - Oct - 2024 31 - Oct - 2024 21800 GBP
Amsterdam , Netherlands 20 - Oct - 2024 31 - Oct - 2024 16200 GBP
Dubai , UAE 27 - Oct - 2024 7 - Nov - 2024 9737.5 GBP
Paris , France 27 - Oct - 2024 7 - Nov - 2024 13400 GBP
Hong Kong , Hong Kong 27 - Oct - 2024 7 - Nov - 2024 17000 GBP
Kuala Lumpur , Malaysia 6 - Oct - 2024 17 - Oct - 2024 9500 GBP
Rome , Italy 6 - Oct - 2024 17 - Oct - 2024 14600 GBP
Barcelona , Spain 6 - Oct - 2024 17 - Oct - 2024 13900 GBP
Zurich , Switzerland 6 - Oct - 2024 17 - Oct - 2024 15900 GBP
Istanbul , Turkey 13 - Oct - 2024 24 - Oct - 2024 9400 GBP
Bali , Indonesia 13 - Oct - 2024 24 - Oct - 2024 16200 GBP
Singapore , Singapore 13 - Oct - 2024 24 - Oct - 2024 15000 GBP
Washington , United States 13 - Oct - 2024 24 - Oct - 2024 22000 GBP
Milan , Italy 20 - Oct - 2024 31 - Oct - 2024 13900 GBP
Tokyo , Japan 27 - Oct - 2024 7 - Nov - 2024 19500 GBP
Istanbul , Turkey 17 - Nov - 2024 28 - Nov - 2024 9400 GBP
Bali , Indonesia 17 - Nov - 2024 28 - Nov - 2024 16200 GBP
Singapore , Singapore 17 - Nov - 2024 28 - Nov - 2024 15000 GBP
Washington , United States 17 - Nov - 2024 28 - Nov - 2024 22000 GBP
London , UK 24 - Nov - 2024 5 - Dec - 2024 9900 GBP
Madrid , Spain 24 - Nov - 2024 5 - Dec - 2024 13900 GBP
Munich , Germany 24 - Nov - 2024 5 - Dec - 2024 15800 GBP
Berlin , Germany 24 - Nov - 2024 5 - Dec - 2024 15800 GBP
New York , United States 24 - Nov - 2024 5 - Dec - 2024 21800 GBP
Amsterdam , Netherlands 24 - Nov - 2024 5 - Dec - 2024 16200 GBP
Kuala Lumpur , Malaysia 3 - Nov - 2024 14 - Nov - 2024 9500 GBP
Rome , Italy 3 - Nov - 2024 14 - Nov - 2024 14600 GBP
Barcelona , Spain 3 - Nov - 2024 14 - Nov - 2024 13900 GBP
Zurich , Switzerland 3 - Nov - 2024 14 - Nov - 2024 15900 GBP
Dubai , UAE 10 - Nov - 2024 21 - Nov - 2024 9737.5 GBP
Paris , France 10 - Nov - 2024 21 - Nov - 2024 13400 GBP
Hong Kong , Hong Kong 10 - Nov - 2024 21 - Nov - 2024 17000 GBP
Milan , Italy 24 - Nov - 2024 5 - Dec - 2024 13900 GBP
Tokyo , Japan 10 - Nov - 2024 21 - Nov - 2024 19500 GBP
London , UK 15 - Dec - 2024 26 - Dec - 2024 9900 GBP
Madrid , Spain 15 - Dec - 2024 26 - Dec - 2024 13900 GBP
Munich , Germany 15 - Dec - 2024 26 - Dec - 2024 15800 GBP
Berlin , Germany 15 - Dec - 2024 26 - Dec - 2024 15800 GBP
New York , United States 15 - Dec - 2024 26 - Dec - 2024 21800 GBP
Amsterdam , Netherlands 15 - Dec - 2024 26 - Dec - 2024 16200 GBP
Dubai , UAE 22 - Dec - 2024 2 - Jan - 2025 9737.5 GBP
Paris , France 22 - Dec - 2024 2 - Jan - 2025 13400 GBP
Hong Kong , Hong Kong 22 - Dec - 2024 2 - Jan - 2025 17000 GBP
Kuala Lumpur , Malaysia 1 - Dec - 2024 12 - Dec - 2024 9500 GBP
Rome , Italy 1 - Dec - 2024 12 - Dec - 2024 14600 GBP
Barcelona , Spain 1 - Dec - 2024 12 - Dec - 2024 13900 GBP
Zurich , Switzerland 1 - Dec - 2024 12 - Dec - 2024 15900 GBP
Istanbul , Turkey 8 - Dec - 2024 19 - Dec - 2024 9400 GBP
Bali , Indonesia 8 - Dec - 2024 19 - Dec - 2024 16200 GBP
Singapore , Singapore 8 - Dec - 2024 19 - Dec - 2024 15000 GBP
Washington , United States 8 - Dec - 2024 19 - Dec - 2024 22000 GBP
Milan , Italy 15 - Dec - 2024 26 - Dec - 2024 13900 GBP
Tokyo , Japan 22 - Dec - 2024 2 - Jan - 2025 19500 GBP

Course Syllabus

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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