Course Description

Projects are undertaken to fulfil new strategic goals of organizations. They must be completed on time, in line with the scope and within the budget, in keeping with the sacrosanct iron triangle of project management. Projects need comprehensive planning and effective monitoring for successful completion.

Over 70%of projects worldwide get into schedule delays and cost overrun and fail, causing severe loss to the organization and the global economy. One of the main reasons forthese failures is attributed to lack of proper project planning and monitoring. Project managers who apply best practice techniques of estimation, collaboration, planning, consistent methodologies and proper resource management lead successful projects more often than others.

This course helps you not only to understand the tools and techniques of project planning but also to apply them to develop a project plan for a sample case study under consideration. Through real world studies and in-depth exercises you will learn to adopt the best practices of project planning and monitoring and increase your chances of completing projects on time and within budget,thus meeting the quality and strategic goals of your organization.

Objectives

This course will help you in:

• Developing a very logical and comprehensive understanding of project planning and monitoring
• Understanding the various tools and techniques for project planning and monitoring
• Applying the learning in creating a structured project plan for a sample case study, thus providing confidence
• Developing a structured thought process for approaching a new project
• Developing a foundational understanding of project management providing confidence for pursuing the more rigorous PMP® Preparation Course.

Audience

Novices, beginners and even project managers who want to reinforce their project management learning can benefit from this course.

Prerequisites

There are no prerequisites for attending this course. Any professional with a keen interest to learn project planning and monitoring with hands-on exercises can attend this course.

Content

• Introduction to the projects and project triple constraints
• Reasons for project failure
• Understanding the sample project case study and the objective
• Preparing to develop a new Project Plan
  • Collecting project requirements
  • Making a Scope Statement
  • Developing a Work Breakdown Structure (WBS)
  • Developing Project Schedule (Network Diagram, Critical Path and Float)
  • Resource Planning (RACI and Org Chart)
  • Cost Estimation and Budgeting
  • Communication Planning
  • Risk Planning
  • Base lining your plan

Project Implementation

• Execution (Acquiring team, building team and managing team, Assign responsibilities)
• Monitoring (Actual Vs Plan, Calculating Variance of Scope, Time and Cost))
• Controlling
• Scope Control
• Schedule Control (Crashing and Fast Tracking)
• Cost Control
• Quality Control
• Validate Scope
• Managing Change