The training course at Oxford Training Center teaches employees how to effectively plan, schedule, and control the costs of a project. This project management course provides a detailed introduction to project scheduling and shows the importance of using resources and time to meet project objectives. Once participants know how to use cost planning techniques well, they will be able to plan how much budget is needed and when the project is due to end.
This course equips students to handle the challenges of project management and guarantee successful project delivery through hands-on activities and real-world situations. Any project scheduler must have a solid understanding of project scheduling. A range of project scheduling tools and strategies will be covered in this course topic. The definition of project scheduling, its benefits and advantages for effective project results, and the best scheduling techniques that can be used in actual project management situations will all be covered.
The cost planning process will be defined and examined in the Project Scheduling and Cost Planning Skills course. In addition to learning how to use a variety of technologies efficiently, participants will receive training in cost-planning strategies and tactics. The goal of this emphasis on project cost planning is to maximize financial resources and results by ensuring forecasting accuracy and economic viability.
Objectives and target group
Objective:
After completing this course on project scheduling and cost planning skills, learners will be capable of:
- Create efficient project scheduling plans.
- Develop and oversee project budgeting skills.
- Make accurate use of cost estimation strategies.
- Put optimization and resource allocation strategies into practice.
- Learn how to manage risks when designing a project.
- Determine project deadlines by applying the Critical Path Method.
- Utilize Earned Value Management to monitor the progress of your projects.
- Effectively estimate and manage project expenses.
- Develop your reporting and project monitoring abilities.
- Boost stakeholder communication about the state of the project.
Who Should Attend?
Although it can be used by a variety of professionals, this training course will be very beneficial to:
- Those who work on projects, including project managers, cost estimators, schedulers, designers, planners, contract professionals, procurement and purchasing personnel, and professionals in business services and project control, are in charge of creating cost/schedule estimates and project proposals for clients and contracting firms.
- Senior managers who wish to comprehend project management best practices
- Individuals seeking additional information regarding estimation and control in a project setting
How will attendees benefit?
After completing the Oxford training course, attendees will gain many benefits:
- Acquiring an understanding of project estimating methods from the first concept to the final precise estimate
- Knowing the many kinds that are utilized to provide assurance and gradually estimate project costs and schedules
- Finding the causes of risks, reducing their effects, and learning how to maintain project momentum
- Creating efficient methods for performance monitoring and control
- A dynamic and controllable model that incorporates scope, time, resources, and cost management
Course Content
Overview of Cost Planning and Project Scheduling
- Describe cost planning and project scheduling.
- Recognize the function of cost and schedule planning in project management.
- Examine important words and ideas related to project scheduling.
- Talk about how crucial precise cost planning is.
- Examine typical schedule and cost planning difficulties and traps.
- Look at successful scheduling and cost planning examples from the real world.
Methods of Project Scheduling
- Study up on various project scheduling techniques.
- Examine the uses of the Critical Path Method (CPM).
- Know the functions of Gantt charts.
- Examine the Program Evaluation and Review Method (PERT).
- Examine scheduling network schematics.
- Develop your ability to create and understand project schedules.
- Talk about how to modify schedules as projects progress.
Budgeting and Cost Estimate
- Acquire knowledge of cost estimate concepts and methods.
- Recognize the many kinds of cost estimates, such as definitive and rough order of magnitude.
- Examine techniques for creating project budgets.
- Examine software and tools for cost estimation.
- Develop your ability to estimate costs for different project components.
- Talk about budgetary changes and cost-control strategies.
- Examine budget management case studies.
Optimization and Allocation of Resources
- Recognize the significance of resource planning.
- Learn how to allocate resources effectively.
- Examine strategies for maximizing resource utilization.
- Examine resource smoothing and leveling tools.
- Talk about how resource limitations affect project timelines.
- Develop your ability to allocate resources.
- Examine resource management case studies.