Fundamentals of Project Management

Venue: Quality Inn University

Location: Calgary,, Alberta,, Canada

Event Date/Time: Oct 16, 2010 End Date/Time: Oct 17, 2010
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The goals of our two days seminar are to provide the participants with the essential knowledge, skills, and techniques to plan, organize, manage and control simple and complicated projects using a standardized project management approach. Basic project management and control essentials are presented throughout the project life cycle from project conception to project closing; such as scope management, time management, cost management, risk management, and quality management. Some important project planning and control tools are presented, such as the critical path method (CPM) as a scheduling tool, the earned value analysis (EVM) as a cost control tool, the net present value technique (NPV) as a decision making tool, and the decision tree analysis as a risk quantification tool. The basic objective of the seminar is to combine management fundamentals with practical tools to enable the participants to manage and control their projects effectively.


2359 Banff Trail N.W.

Additional Information

Objectives * Getting familiar with the steps to manage projects effectively * Reviewing Each phase in the life cycle of a project using a standardized approach * Improving performance and results through planning and tracking techniques * Increasing familiarity with practical processes and tools that provide practical dimension to the course Target Audience Project managers and all members of the project management team from all industries: * Project Managers * Engineers * Superintendents * Foremen * Cost Estimators * Procurement Managers * Project Administrators * Inspectors * Etc. Program Outline (1.2 CEUs / 12 PDHs) 1. Introduction and Initiating Processes * Introduction * The Project Life Cycle * Types of Organizations and the Roles of Project Managers * Contracts Forms, Project Delivery Systems, Selection Criteria and Key success factors * The Use of Net Present Value (NPV) Technique in Selecting Projects * The Project Charter: an invaluable tool in defining and planning a project * Workshop to Create a Generic Project Charter 2. Planning Processes * Detailing the Project Charter and Creation of Deliverables * Work Breakdown Structures (WBS): An Effective Planning Strategy * Workshop to Create WBS * Defining Activities and Sequencing * Responsibility Assignment Matrix * Planning Schedules and Budgets * The Critical Path Method and Cash Flow Estimation * Workshop to Solve Network Diagram using the Critical Path Method (CPM) * Risk Breakdown Structures, Assessment, Quantification, and Response Planning * Workshop to Assess Project Risks and Solving a Decision Tree 3. Execution, Tracking and Control processes * Project kick-off meeting * Tracking and Control * Progress Reports and Meetings * Managing Issues, Risks, and Changes * Quality Assurance versus Quality Control * The Use of Earned Value Method (EVM) in Cost Control and Forecasting 4. Closing Processes * Scope Verification and Administrative closure * Post-mortem * Benefits tracking Upon Completion Of This Workshop Participant Will Be Able To: * Understand the need to create a project charter during project initiation by filling out its basic components through a practical example * Understand the advantages and disadvantages of different contracts forms and project delivery systems * Learn the basic roles of the project manager in managing and integrating projects * Create the work breakdown structure (WBS) and using it as the basis for effective estimation and scheduling of project activities through practical examples * Create and reading bar (Gantt) charts and node networks, activity sequencing, and estimating durations using a variety of techniques through practical examples * Understand the basics of resource management and establishing a resource responsibility matrix (RAM) * Learn the basics of project risk management from the creation of the risk break down structure to planning and controlling risk responses * Use forms and reports in managing issues, risks and changes * Control projects using the Earned Value Management (EVM) to manage time and cost performance * Understand the basic needs for project closing from scope verification to project post-mortem