Mastering Project Scheduling and Cost Planning: A Complete Skills Workshop
Introduction
Reliable project scheduling and cost planning are at the heart of successful project delivery. This intensive programme provides participants with the essential skills to develop accurate estimates, create realistic schedules, and maintain continuous performance control. By focusing on the integration of scope, time, resources, and cost management, the course ensures participants gain the tools to deliver projects on time and within budget while minimising risks.
This course emphasises techniques for accurate forecasting, effective risk management, performance monitoring, and recovery planning to handle cost or schedule overruns. It also highlights practical applications using earned value management (EVM) and modern scheduling techniques to maintain project momentum from initiation to handover.
This course will feature:
* Techniques for developing reliable project cost and schedule estimates.
* Understanding types of estimates and their application across project phases.
* Identifying risk sources and strategies to mitigate schedule and cost risks.
* Tools for performance monitoring, forecasting, and control.
* Developing recovery strategies for projects facing cost and schedule overruns.
Objectives
By the end of this course, participants will be able to:
* Maintain continuous project performance and delivery control.
* Accurately estimate and allocate project costs and resources.
* Measure, forecast, and control project performance using earned value techniques.
* Manage schedule, cost, scope, and resource risks effectively.
* Develop recovery plans for budget and schedule overruns.
Course Content
Day One – Project Estimating Basics
* Key Project Management definitions
* The Triple Constraints – Time, Cost, Scope
* Project Selection Methods
* Defining the Project Scope
* Cost & Schedule Estimation, Budgeting & Control
* Project Schedule Planning and the Critical Path Method
Day Two – Developing Project Budget & Schedule Control
* Inputs to project cost budgeting
* Resource Requirements: Direct & Indirect Costs
* Planning and Scheduling Limited Resources
* Options for Accelerating the Schedule
* Crashing the Schedule – Practical Applications
Day Three – Managing the Risk
* Risk Identification, Analysis & Management
* Contingency Reserves
* PERT, Probability, and Standard Deviation Applications
* Network Activity Risk Profiles
* Application: Estimating Project Duration
* Project Risk Strategies for Cost & Schedule
Day Four – Measuring Project Performance
* Balanced Project Schedule vs. Unbalanced Schedules
* Inserting Buffers for Risk Management
* Measuring Planned Progress vs. Actual Progress
* Risk Distribution in Contracting
* Tracking Work Conditions & Performance Variability
* Managing Projects under Variable Conditions
Day Five – Managing and Recovering Project Estimates
* Schedule Variances & Cost Variances
* Progress Control Charts & Trend Analysis
* Forecasting Variances in Cost & Schedule
* Schedule and Cost Recovery Analysis
* Developing Recovery Baselines & Controls
* Building a Project Recovery Plan
Who Should Attend?
This workshop is designed for:
* Project Managers and Project Team Leaders
* Cost Controllers and Planners/Schedulers
* Engineers and Technical Professionals involved in project delivery
* Contract and Procurement Specialists
* Professionals seeking to strengthen their project cost and scheduling expertise
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
