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Schedule and Cost Control

  • Tuition USD $2,495
  • Reviews star_rate star_rate star_rate star_rate star_half 853 Ratings
  • Course Code 2809
  • Duration 4 days
  • Available Formats Virtual, Classroom

In this course, you will learn the skills you need to effectively establish and manage a realistic schedule and detailed budget. Through hands-on exercises, you'll learn to develop an integrated budget and schedule while monitoring project performance during execution. You will be introduced to analytical techniques, including creation of a work breakdown structure, network diagramming, dependency analysis, critical path determination, three-point estimating, and assessment of resource needs and availability.

You will learn the management tools that help to ensure projects are delivered on time and within budget, as well as the importance of creating baselines for the project schedules and budgets. To communicate your project's progress to stakeholders, you'll learn to use earned value analysis and other reporting techniques. . Hands-on exercises will demonstrate the mechanisms and importance of formal change control procedures.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 72% on an end-of-class, multiple-choice assessment.

Certification

This is a core course for our Associate's and Advanced Certificate of Completion in Project Management Certificates. This is an elective course for our Advanced Certificate of Completion in Business Analysis.

Skills Gained

  • How to develop a balanced plan
  • Network diagramming methodologies
  • Approaches to identifying a project's critical path
  • Time and cost estimating techniques
  • Scheduling techniques
  • How to include various types of cost and expenditures into budgets
  • Practical approaches to budget development
  • Efficient ways to gauge and report progress using earned value analysis

Who Can Benefit

Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.

Course Details

1. Foundations

  • Project Management Life Cycle
  • Plan-Do-Check-Act Cycle
  • Stakeholder Management
  • Principles of Integrated Project Planning
  • Project constraints
    • Scope
    • Time
    • Cost
    • Risk
  • Defining Project Success

2. Planning

  • Scope Planning
  • Estimating Techniques
  • Time Analysis
  • Schedule Development
  • Cost Analysis
  • Control Account Plans
  • Integrated Risk Management
  • Balancing the Plan by Balancing the Constraints

3. Executing, Monitoring, and Controlling

  • Executing the Project Work
  • Monitoring Progress
  • Earned Value Management
  • Controlling Performance
  • Communicating with Stakeholders
  • Managing Risk During Execution
  • Scope Verification and Customer Satisfaction

4. Closing

  • Administrative Closure
  • Transitioning Deliverables to their New Owners
  • Updates to Organizational Process Assets
  • Capturing Lessons Learned
  • Preparing the Closing Report

5. Controlling the Schedule and Budget

  • Creating a Baseline Plan
    • Establishing Baselines
    • Types of Baselines
    • The Project Baseline
  • Establishing Project Milestones
    • Milestone Chart
  • Developing a Project Control Process
    • Guidelines for Project Control
    • Performance Measures
  • Tools for Project Control
    • The Earned Value Method of Project Management
    • Looking at Current Project Status with Earned Value
    • Looking Forward with Earned Value
    • Earned Value Management in Practice
  • Strategies and Processes for Project Control
    • Status Review Meetings
  • Managing Project Change
    • Change Control
    • Change Control Process
    • Additional Tools for Managing Control of the Project
    • Other Project Change Considerations
  • Why Projects Are Late and Over Budget

How do I enroll?

A comprehensive listing of ExitCertified courses can be found here. You can register directly for the required course/location when you select "register". If you have any questions or prefer to speak with an ExitCertified education consultant directly, please submit your query here. A representative will contact you shortly.

How do I pay for a class?

You can pay at the time of registration using credit card (Mastercard/Visa/American Express) cheque or PO.

What if I have training credits?

ExitCertified honors all savings programs from the partners we work with. ExitCertified also offers training credits across multiple partners through our FLEX Account.

When does class start/end?

Classes begin promptly at 9:00 am, and typically end at 5:00 pm.

Does the course schedule include a Lunchbreak?

Lunch is normally an hour long and begins at noon. Coffee, tea, hot chocolate and juice are available all day in the kitchen. Fruit, muffins and bagels are served each morning. There are numerous restaurants near each of our centers, and some popular ones are indicated on the Area Map in the Student Welcome Handbooks - these can be picked up in the lobby or requested from one of our ExitCertified staff.

How can someone reach me during class?

If someone should need to contact you while you are in class, please have them call the center telephone number and leave a message with the receptionist.

What languages are used to deliver training?

Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.

What does GTR stand for?

GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.

Attended a Power BI class in McLean with this company. The instructor (Mike Staves) was very good and attentive to the groups' learning needs. The facility was very good and the staff was more than accommodating.

Great preparation and relevant content that I could apply immediately to my job role. Top notch instructor.

Everything about this course went very smoothly. AWS materials and the laps were well presented and integrated. Thomas Canino and Ruben Lopez did a great job as instructor / moderator respectively. Loved the presentation style of Thomas together with his depth of knowledge of the topics and materials. Very Well Done!

Ken is a great AWS Architecting instructor. He know's AWS products very well.

Exactly what we needed for our organization, at the right time, at the right price. We'll be back!

5 options available

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  • Oct 5, 2020 Oct 8, 2020 (4 days)
    Location
    Virtual
    Language
    English
    Time
    08:30 16:30 EST
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  • Nov 2, 2020 Nov 5, 2020 (4 days)
    Location
    Virtual
    Language
    English
    Time
    08:30 16:30 EST
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  • Nov 16, 2020 Nov 19, 2020 (4 days)
    Location
    Virtual
    Language
    English
    Time
    11:30 19:30 EST
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  • Jan 4, 2021 Jan 7, 2021 (4 days)
    Location
    Virtual
    Language
    English
    Time
    08:30 16:30 EST
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  • Jan 18, 2021 Jan 21, 2021 (4 days)
    Location
    Virtual
    Language
    English
    Time
    11:30 19:30 EST
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