Project Scheduling, Cost Planning & Value Engineering Skills

Code

736

Start Date

2024-12-22

End Date

2025-01-02

City

Zurich

Price

8450 $

Language

Participants

1-15

Hotel

Hotel Meeting Room

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Introduction:

This Project Scheduling, Cost Planning & Value Engineering Skills training course adopts a systematic step-by-step methodology to support the initiation, planning, execution, monitoring and control and closure of projects. It covers the key elements of roles and responsibilities, planning techniques, forming and managing a multi-disciplinary project team to generate solutions and recommend alternatives; capturing stakeholders requirements and expectations; developing conceptual cost estimates and models; undertaking life-cycle costing analysis; and producing a high-level project plan to guide project execution and control. Practical applications are covered in detail, along with presentations of case studies designed to help participants master the course materials.

This training course will feature:

Gaining knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
Understanding the different types of estimates used to estimate project costs and schedule confidently and progressively
Identifying risk sources and minimize their impact with and without contingency
Developing effective team management, performance monitoring and control systems
An integrated approach to scope, time, resources and cost management into a dynamic and manageable model

The Course Content

Module 1 - Project Scheduling & Cost Planning Skills

Project Estimating Basics

Basic Project Management definitions
Triple Constraints – Time, Cost, Scope
Project Selection Methods
Defining the Project Scope
Cost & Schedule Estimation, Cost Budgeting & Control
Project Schedule Planning and Critical Path Method

Developing Project Budget & Schedule Control

Project management inputs to cost budgeting
Resource Requirements
Direct & Indirect Project Costs
Planning and Scheduling Limited Resources
Options for Accelerating the Schedule
Crashing the Schedule - How?

Managing the Risk

Risk Identification, Analysis & Management
Contingency Reserve
PERT, Probability and Standard Deviation Formulae
Network Activity Risk Profiles
Application: Estimating Project Duration
Project Risk Strategies

Measuring Project Performance

Balanced Project Schedule without Buffers (Finish-Start) and Inserting Buffers
Comparison of Unbalanced with Balanced Schedules
Measuring Planned Progress on Schedule
Risk distribution in contracting
Actual Progress and Work Conditions
Managing Variable Conditions

Managing and Recovering Project Estimates

Schedule Variances & Cost Variances
Progress Control Charts - Trend Analysis
Schedule and Cost Variance Forecasting
Schedule and Cost Recovery Analysis
Schedule and Cost Recovery Plan
Project Recovery Baselines and Controls

Module 2 - Value Engineering Skills: Improving Performance & Profitability

Framework for Applying Value Engineering in Projects

What is Value?
What is Value Engineering? Why is it important?
Defining Value Engineering concepts and principles
How and when is Value Engineering applied?
Project stakeholders analysis and management
Understanding teamwork and cross-functional Project Teams and team player styles

The Function Analysis Phase - Expressing Project Functional Needs and Constraints

Overview of Different Value Engineering Phases / Job Plan
The Information Phase – steps and procedures
The need for Function Analysis in projects
Developing FAST Diagrams to identify critical project components and perform project value analysis
Defining project constraints – relationships and trade offs
Aspects of Cost Estimating

The Creative Phase - Inspiring Creativity in Your Project Team

Risk Management
Relationships between Value, Cost and Worth
Facilitation skills
Creativity and Creative thinking within the project environment
Creativity techniques as applied to optimize project value
Blocks to creativity within the project team

The Evaluation Phase -Making Informed Project Decisions

Reaching consensus and leveraging the power of project team collaboration
Idea selection
Evaluation methods and value criteria
Development phase
Techniques in problem solving
Life-cycle costing analysis

The Planning and Reporting Phases -Getting Results through Effective Communication

Effective Decision-making in project environment
Develop action plans and assign project roles and responsibilities
Reporting VE findings to Senior Management and project stakeholders
Integrating VE into the project process and Continuous Improvement and application at project initiation
Case studies
Assessment and Wrap-up

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European Quality for Training and Consultancy is certified

ISO 9001-2015

Other Dates for the Courses

Project Management Training Courses

Courses Category

Most Read

The Proposed Courses