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Project Estimating, Measures and Controls

Overview

Successful projects start with sound planning. While establishing proper performance baselines is key to project success, measuring progress and adapting to changing circumstances are also vital to accomplishing project objectives. This course covers, in detail, project estimating including scope delineation using work breakdown structure, resource estimation using various methods, duration and schedule development using Monte Carlo simulation and Program Evaluation and Review Technique (PERT).

Measuring progress requires that the data be current, complete, and accurate. To best use the data, a number of techniques have been developed that help measure project status. This course examines these techniques with a particular emphasis on one of the most successful project measurement techniques – Earned Value Analysis (EVA). EVA has proven to be highly successful in assisting project managers to better measure project performance status.

Lastly, this course examines various ways to make changes to on-going projects that improve performance without being disruptive.

+ Features

This course uses lectures, class exercises, and a running case study to stimulate learning. Numerous examples are presented. Each student is provided with electronic spreadsheets that illustrate estimation, measurement, and control practices.

Course topics include the following:

  • Project Estimating
  • Schedule and resource development
  • Work breakdown structure
  • Critical Path Method (CPM)
  • Project performance measures
  • Earned value analysis (EVA)
  • Estimating techniques
  • Trend analysis
  • Baseline management
  • Early problem detection
  • Corrective actions
  • Evaluation and forecast
  • Use of historical data
  • Change control techniques

PDU Credits

This is a two-day course - recommended for 14 PDUs

George Mason University is a PMI® Global Registered Education Provider.

PMI, PMP, PMBOK, and the PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc.

 

+ Requirements

100% attendance and participation are expected from participants.

+ Designed For

Participants in this course should be managers and mid-career professionals who are eligible to sit for the PMP certification examination. It is assumed that participants have a working knowledge of the PMBOK® Guide – Sixth Edition’s ten Knowledge Areas or have completed the Essentials of Project Management course.
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Thank you for your interest in this course. Unfortunately, the course you have selected is currently not open for individual enrollment. Please complete a Course Inquiry so that we may promptly notify you when individual enrollment opens,  This program is available for group training.  If you team is interested, contact us.

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