Online Training - Project Cost Management, Estimation, Budgeting & Control

Dilihat 862

OVERVIEW The course is structured around a five-phase process that provides a step-by-step framework for learning about and doing project management in the Industry. The course focuses on key technical practices and issues relating to each of the five project management phases as well as on “human dynamics” which are critical success factors in project management, such as cost estimating & budgeting and risk, gaining consensus, problem-solving, meeting and coordinating, dealing with change and team-building. Cost estimating is one of the fundamental and yet most challenging tasks for Project teams. In the course, you’ll learn straightforward, step–by-step processes for developing accurate, realistic project cost estimates that withstand the security of stakeholders and management and form a baseline for tight financial control. You’ll also learn how to incorporate risk and uncertainty in your project cost estimates with Montecarlo risk simulation, provide range cost estiamates in accordance and manage the cost estimating process throughout the project life cycle. MATERI

Essential Background
What is project & their characteristics
Project goals and objectives
Dynamics of the project life cycle & Phase of system life cycle
Building the project organization & WBS
Developing project network, cost, schedules and project plan included risk assessment
Developing cost measurement & control, and performance criteria to success with EVM
Project Cost Estimating & Process
Cammon categories of cost
Purpose of project cost estimating
Cost estimate types & descriptions
Cost estimating process
Ground rules, assumptions and collect data
Selecting estimating methodology
Perform & verify the estimate
Review & documented the cost estimate
Cost Elements and Cost Pools
Understanding cost behaviors
Direct & Indirect costs
Variable & fixed costs
Semivariable cots
Recurring vs. Nonrecurring costs
Realationships among cost behaviors
Types of costs included in estimates
Introduction to Estimating Methodologies
Estimating methodologies
Estimating by analogy & Developing complecity factors
Parametric cost estimating
Quantitative relationships
Cataloges, Vendor quotes and Analogy
Cost Uncertainty Analysis
Introduction Risk Analysis & Montecarlo Simulation
A Typical project cost estimate
An Alternative: a range of estimates & a cost probability distribution function
Cost Uncertainty Analysis
Life-cycle cost & commitement, and decision making
Time value of money
Inflation & Interest adjusments
Design to cost
Case Study
Project cost estimation process
Hands on simulation with Monte Carlo Software