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Managing Scope, Schedule and Cost

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Content starts here
At a glance
Schedule and Registration Schedule
Course number HE538S
Length 3 days
Delivery method* Instructor-led training ( ILT)
Onsite dedicated training ( OST)

*Courses are supported in the delivery formats above, but are not necessarily scheduled in every delivery format listed. Please click the schedule links at the top of the page to see which delivery formats are currently scheduled.


Course description

Managing Scope, Schedule, and Cost provides a structuredapproach to project planning and management. Thisthree-day course goes beyond project managementfundamentals and applies a variety of techniques to balancethe competing demands of scope, schedule, and cost. Thiscourse uses industry best practices to teach the latest toolsand techniques. You will learn how to establish theperformance measurement baseline (PMB) and gainproficiency in the tools and techniques used to compareactual work accomplished against established plans.


Course overview

Every project struggles with resource limits: time, personnel, budget,and materials. Determine how best to plan project scope based onstakeholder budget and schedule constraints. Be proactive and incontrol of your project by implementing cost and schedulemanagement. By identifying early warning indicators, you will gaingreater insight into potential risk areas and take the necessarycorrective action to keep the project in control.



Prerequisites

  • A comprehensive introductory project management course such asProject Management Fundamentals (HC577S)

Audience

This course is intended for project managers interested in bestpractices that apply to diverse projects in multiple industries. It isespecially suited for people seeking project management certification


Course objectives

Upon successful completion of this course, students will be able to:
  • Discuss key project scope, schedule, and cost concepts
  • Evaluate a deliverable-based work breakdown structure (WBS) and create a WBS dictionary
  • Validate a project schedule and demonstrate schedule compression techniques
  • Evaluate and validate cost estimates
  • Analyze project performance and recommend corrective action
  • Create an on-the-job action plan

Certification value

Successful completion of this course earns 21 educational contact hours or PDUs which may be applied to meet PMI education requirements


Next steps

  • Managing Project Quality (HE546S) or other advanced Project Management topics leading to recognition of your knowledge and skill by passing the Project Management certification appropriate to your country or region

Benefits to you

  • Gain a working knowledge of integrated cost and schedule control and how to use it to perform your job
  • Gain a working knowledge integrated cost and schedule control and how to use it to perform your job

Course outline

Lesson 1: Scope, Schedule, and Cost Overview

  • Project Management Process Groups
  • Scope
  • Schedule
  • Cost
  • Balancing the Competing Demands
  • Performance Measurement Baseline (PMB)
  • Managing Project Performance
  • Lesson Summary

Lesson 2: Scope

  • Project Scope Management
  • Product-oriented WBS
  • WBS Dictionary
  • Lesson Summary

Lesson 3: Schedule

  • Common Scheduling Terms
  • Scheduling Process
  • Critical Path
  • Schedule Assessment Checklist
  • Schedule Compression
  • Competing Demands
  • Lesson Summary

Lesson 4: Cost

  • Overview
  • Cost Estimating Process
  • Lesson Summary

Lesson 5: Managing Scope, Schedule, and Cost

  • Overview
  • Performance Measurement Baseline (PMB)
  • Management Reserve
  • Performance Measurement
  • Managing Process
  • Performance Management
  • Corrective Action
  • Change Control
  • Lesson Summary

Lesson 6: Developing an Action Plan

  • Course Summary
  • Action Plan

HE538S - E.00
 
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