Description
Learning Outcome
Upon completion of this course, participants will be able to:
- Apply project cost estimating and control to their projects.
- Learn the concepts, theories, methodology, tools and techniques through Portfolio, Program and Project Management.
- Know how to integrate the theories of Total Cost Management (TCM)- Develop a practical understanding of TCM as it applies to their specific industry. (All courses will use actual examples from their sector) That is, to provide a means to “bridge the gap” from the THEORY to real life IMPLEMENTATION.
Target Audience
- Portfolio and Asset Managers.
- Project Control Managers.
- Project Controllers.
- Business Analysts.
- Cost Estimators.
- Cost Engineers.
- System Engineers.
- Project Managers.
- Internal Consultants.
Course Content
- Define the various types of “Project Costs”;
- Calculate the TRUE cost of project activities, including the overhead and cost of money;
- Prepare accurate Preliminary, Budget, and Definitive Cost Estimates;
- Creation of fully cost and resource-loaded schedules;
- Deliver your projects and programs on schedule and within budgets
- Perform Value Analysis on your projects
- Understanding and Applying Earned Value Management (EVM) Concepts
- Understanding Activity Based Costing (ABC) and Activity Based Management (ABM)
- Using EVM, ABC, and ABM as tools to enhance competitive advantage;
- Apply Total Cost Management Principles, Practices, and Methodologies to Project Management;
- Perform Economic and Business Case Analysis and Assessments;
- Integration of Portfolio, (Assets) Program (Operations) and
- Project (Portfolio) Management.
- Grow their business network through interaction with other course participants.
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