Project Schedule and Cost Management

One of the primary responsibilities of a project manager is to manage a project’s budget and schedule. Success is often measured based on meeting deadlines and delivering the project within financial and schedule constraints.

The PM role today is much more complex, requiring a deeper understanding of stakeholders’ goals, needs, expectations, requirements, and risk tolerance. A project manager must have a holistic perspective and a nuanced understanding of project elements and their interaction with budgets and schedules.

This course will review roles and responsibilities, estimating, how to be a good steward of project resources and how to adapt project scheduling and budgeting efforts to uncertainty with concepts such as rolling-wave planning and agile delivery.

This course is also sometimes known as “Tracking and Forecasting Progress: Budgets, Baselines and Timelines”, “Managing Variances: Cost and Schedule Management Best Practices” and "Project Schedule and Cost Control".

LEARNING OBJECTIVES

Participants will gain the practical skills to:

• Understand the roles and responsibilities of the project manager and other subject matter experts such as schedulers, financial experts, and others
• Prepare a project budget and schedule
• Use fundamental scheduling techniques such as calculating critical path and float
• Use cost-benefit analysis, earned value and velocity for project decisions and to understand project health
• Appreciate the importance of a sophisticated and nuanced understanding of project objectives

WHO SHOULD ATTEND

This course is designed for project managers, project coordinators and senior members of the project team who are responsible for the successful outcome of a project.

PREREQUISITE

This course has no prerequisite.

MATERIALS

You will receive a course workbook containing a copy of the presentation slides and supplemental materials.