Scheduling and Cost Control- Nexient

Course Topics:
Essential Background
Overview of the project management life cycle
The triple constraints
Planning tools
Project requirements a review
The work breakdown structure a review
Challenges in scheduling and cost control
Estimating
Using estimates for scheduling and cost control
The basic rules of estimating
Levels of estimating and estimate types
Top-down vs. bottom-up
Order of magnitude
Budget
Definitive
Four estimating methodologies
Identifying controllable costs
Resource
Material
Direct
Indirect
Planning for risk with contingency
Building the project resource pool
Using resources to build estimates
The responsibility matrix
Time-controlled estimates
Resource-limited estimates
Scheduling
Network scheduling
Validating schedules
Arrow diagrams and precedence diagrams
Basic scheduling and network calculations
Advanced precedence relationships and the critical path
Alternative constraints
Gantt and milestone charts
The Baseline
Establishing baselines
Understanding types of baselines
Time-phased distribution of costs
Cumulative cost curves
Within the Project
The process of control
Identifying sources of change
Screening change
Updating the project plan
Communicating change
Evaluation and Forecasting
Causes of variances
Establishing the "data date" for evaluation
Controlling costs and schedule late in the project
Components of the project audit
Considerations in establishing a monitoring system
Earned value
Advanced earned-value forecasting tools
The Exit Strategy
Steps in completing the project
Scope verification
Contract closeout
Administrative closure