This course will provide participants with the necessary skills required to plan their projects by creating project scope statements and project work breakdown structures. Additionally, participants will be able to develop key performance indicators for monitoring and controlling their project schedule and budget.

The course also aims at assisting participants in appraising the feasibility of their projects by applying capital budgeting techniques. Finally, participants will effectively plan project stakeholders’ engagement and manage their expectations.

The course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants and psychometric assessments. The course also features the use of a number of group exercises and case studies followed by plenary discussions.

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Objectives

  • Plan projects using a statement of work and Work Breakdown Structure (WBS)
  • Schedule projects activities and build the project network model
  • Calculate project budgets and schedule variances using Earned Value (EV) techniques
  • Select the right projects using capital budgeting techniques
  • Relate to project stakeholders through better negotiation and communication skills

Who Should Attend

Project managers, members of project offices, project sponsors, functional managers, senior management and individuals interested in project management.

Modules

Day 1: Planning projects

  • Project management definitions
  • Projects versus operations
  • Managing project constraints
  • Applications of project management
  • Potential benefits of project management
  • Definition of project life cycle
  • Defining project requirements > Statement of Work (SOW) > Project specifications > Milestone schedule > Work Breakdown Structure
  • WBS decomposition problems
  • WBS guidelines and checklists

Day 2: Scheduling projects

  • Linking activities and WBS sequencing
  • Forward and backward scheduling
  • Critical Path Method (CPM)
  • Slack management
  • Program Evaluation and Review Technique (PERT)
  • Schedule compression techniques
  • Myths and realities of schedule compression
  • Resource planning and leveling

Day 3: Organizing and controlling projects

  • Project organization and project control
  • Mastering earned value management
  • Schedule and budget variances
  • Project forecasting
  • Project management reporting
  • Auditing a project
  • The role of software in project management

Day 4: Selecting projects using capital budgeting techniques

  • Definition of capital budgeting
  • Cost of capital
  • Accounting Rate of Return (ARR)
  • Payback Period (PP)
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)

Day 5: Managing project stakeholders

  • Identifying stakeholders
  • Stakeholders types
  • Stakeholder power and interest grid
  • Planning stakeholder management
  • Managing stakeholder engagement
  • Controlling stakeholder engagement
Program taught in:
  • English

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Last updated June 20, 2019
This course is Campus based
Start Date
Open Enrollment
Duration
5 days
Full-time
Price
3,695 USD
+VAT for a five day workshop held in hotel conference venue in Dubai, including Certificate, Lunch and Coffee breaks
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