Estimating, Scheduling and Budgeting Skills
for Achieving Project Success
Estimation is a difficult process but one of the most critical components of a successful project. The classic challenge for all project managers is to complete their projects on time and within budget, yet projects in every industry often exceed their original projections.
Project schedule slippage and cost overruns are almost always linked to a poor original estimate of duration and cost. Therefore it is critical for project managers to acquire the skills to estimate realistic budgets and stay within planned project scope.
The savvy project manager must do the up-front work to assess the financial viability of their projects and identify potential risks that may create obstacles during implementation. Proper estimation is one of the key skills that makes this possible.
The following courses will help you develop the necessary estimating, scheduling, and budgeting skills needed for achieving project success.
Project Budgeting and Estimating: Taking Control of Your Projects
Course 923 • 3 Days
You Will Learn How To:
- Create an accurate budget for any level of work from individual project tasks to entire portfolios
- Estimate tasks using activity-based costing, and aggregate to project budgets
- Aggregate individual costs to form a project budget
- Quantify risk to justify contingency funding and produce a defensible baseline
- Manage the program budget, allocating funds to projects with the best rate of return
- Leverage Earned Value Analysis to determine project status, forecasts and any necessary corrections
► Get more details and a current schedule Preparing for the PMI Scheduling Professional (PMI-SP)® Exam
Course 248 • 3 Days
You Will Learn How To:
- Develop realistic schedules to achieve timely project delivery
- Construct project network diagrams to identify the sequence of work
- Calculate Critical Path to determine the project duration
- Effectively assign resources to build a realistic baseline schedule
- Perform schedule analysis and recommend corrective actions to keep the project on track
- Build readable and reliable project reports to keep stakeholders informed on progress
► Get more details and a current schedule Preparing for the PMI Risk Management Professional (PMI-RMP)® Exam
Course 286 • 4 Days
You Will Learn How To:
- Manage project risk effectively to deliver successful projects that meet stakeholder needs
- Apply customizable, industry-robust templates to create a Risk Management Plan and Risk Register
- Leverage a proven 7-step qualitative risk analysis process to identify risk exposure
- Translate risk into actual time and cost impact using proven quantitative risk analysis tools
- Utilize a tested 7-step technique to design your risk response strategies
- Monitor risk triggers to control uncertainties and maximize project payoff
► Get more details and a current schedule Finance and Accounting for Nonfinancial Managers
Course 281 • 3 Days
You Will Learn How To:
- Integrate financial concepts and policies into the management decision and budgeting process
- Evaluate the financial viability of projects and activities through income statements and balance sheets
- Employ cash flow to analyze business status
- Calculate the cost of business activities
- Control business operations through effective budget management
- Communicate effectively with financial executives and staff
► Get more details and a current schedule
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