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Project Scheduling and Cost Control

At the end of the course, students will be able to:


  • Use the Work Breakdown Structure (WBS) to develop a project schedule.
  • Calculate schedules using PERT/CPM.
  • Identify, assign, and tabulate resource requirements.
  • Predict costs and durations using different rules of thumb and estimation techniques
  • Develop a time-phased project budget
  • Plan for contingencies and anticipate variations
  • Predict future project performance based on historical data
  • Evaluate project performance using Key Performance Indicators (KPIs) for project management.


Project Management Body of Knowledge PMBOK® Guide areas covered in this program:


  • Project Procurement Management
  • Project Cost Management
  • Project Time Management
  • Project Risk Management


The course consists of the following modules:


Module 1: Essential Background

Module Objectives


Have a quick understanding of:


  • Important concepts and definitions used all over the course.
  • Main techniques used in project scoping.
  • An overview of projects risk management.
  • Main concepts and techniques used in managing bids and contracts.


Module Contents:


  • Concepts and Definitions
  • Project Scope
  • Project Risks
  • Bids and Contracts


Module 2: Project Estimation and Scheduling

Module Objectives


Have a clear understanding of:


  • The systematic process for project scheduling.
  • Network diagrams.
  • Different tools for duration estimation and schedule compression.
  • The mechanics of activity sequencing that will help in controlling the schedule. 
  • The PMI® processes for managing project time.


Module Contents:


  • Project Scheduling Process.
  • How to build the Network Diagram.
  • Precedence Diagramming Method.
  • Arrow Diagramming Method.
  • Estimation Techniques.
  • Schedule Development
  • Duration compression
  • Resource Estimation and Leveling.
  • Project Time Management processes
  • Workshops


Module 3: Project Budgeting and Cost Control

Module Objectives


Have a clear understanding of:


  • Essential financial and economical terms and definitions.
  • Cost Estimation and Budgeting Techniques.
  • Key Performance Indicators (KPIs) for project management.
  • The PMI® processes for managing project cost.


Module Contents:


  • Terms and Definitions
  • Cost Estimation Techniques.
  • Project Budgeting.
  • Cost Control
  • Earned Value Management (EVM).
  • Project Cost Management processes.
  • Workshops.

Who Should Attend

  • Program Managers and Managers of Project Managers
  • Project Managers and other Project Team Members
  • Planners and Cost estimators/controllers.
  • Customers and other Stakeholders
  • Functional Managers with employees assigned to projects.




5 Days

Start Date End Date Country City

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