Applied Project Control

Course Description

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Are you a project manager, a planner/scheduler, a cost controller, a project controller, or someone new to Project Controls who:

• Is overwhelmed with complicated metrics, systems, or reports for controlling your projects?
• Wants to better interpret or understand a cost or schedule report?
• Is confused about how to effectively and successfully control your projects?
• Has difficulty in finding the right training in project controls for yourself and/or your team?
• Does not know how to start your career in project controls?

Audience Profile

Are you a Project Manager who is tired of falling behind schedule or overrunning your budget? Do you have difficulties setting correct scheduling expectations with the customer? Do you rely on other people for flagging the issues in your project? Well, wouldn’t it be nice if you could figure out things that could possibly go wrong in your project before it actually goes wrong, and take pre-emptive measures to stop that from happening? In the Applied Project Control Course, you will learn how to do effective scope, cost, and schedule planning and later how to measure your project progress and performance, understand the true status of your project, and flag any cost or schedule issues before they actually occur.

Learning Objectives

By enrolling in the Applied Project Control course you will be able to:

• Learn the fundamental concepts and standard Project Controls methodologies available for controlling and implementing a project.
• Plan, execute, and control projects by considering the Project Controls key elements- scope, cost, and schedule- that contribute to project success.
• Develop a work breakdown structure (WBS) as a basis for effective cost estimation and scheduling of a project.
• Build and interpret Scheduling Network Diagrams.
• Understand different types of scheduling relationships, lags and leads.
• Calculate schedule floats and determine the schedule critical path.
• Apply the concept of resource loading.

Module 1: Introduction to Project Controls

This module provides you an introduction to project controls and the overall course framework. This module lays the blueprint for the succeeding modules.

Module 2: Scope Planning

In this module you will learn how to organize and define the total scope of your project, using Work Breakdown Structure or WBS. You learn the rules that you need to follow in designing a well-structured and manageable WBS.

Module 3: Time Planning

In this module you will walk through a step-by-step process in developing a project schedule. This is a very comprehensive and in-depth module on Planning/ Scheduling. It consists of three videos, where you will learn the foundation of building a project schedule.

Module 4: Cost Planning

In this module you will learn how to do cost estimating and budgeting, and how to select Control Accounts at which performance will be created, monitored, and measured. You will also learn how to develop the project measurement baseline.

Module 5: Execution of Project Controls

In this module you will understand the elements of schedule and cost status recording, the steps involved in schedule updating process, and three key components of cost status recording in applying the Earned Value Management technique. By the end of this module, you will have a good understanding of Earned Value Management method and its difference with the Traditional Management methods.

Module 6: Monitoring and Controlling the Performance

In this module, you will be able to answer some of the most important and fundamental questions about the health of your project: How is the project doing with respect to time and/or cost? Are you ahead or behind the schedule? Are you under or over budget? How efficient are you in using time and/or resources?

Module 7: Cost and Schedule Analysis

In this module, you will be able to forecast your project’s future results in terms of cost and schedule. You will be able to answer the questions such as: When is the project likely to finish? What is the project cost at completion? What will the remaining work cost? How efficient should the project use its remaining resources? You will also learn different forecasting methods and how to evaluate the feasibility and accuracy of your forecasts.