• Understand the importance of a good work breakdown structure in managing cost and schedule.
• Use Precedence Diagramming Method to develop a network diagram.
• Practice estimating techniques that can help you create a realistic schedule and budget.
• Use Critical Path Method to calculate project duration and flexibility.
• Understand the importance of a time-phased budget and how to create it.
• Understand techniques for collecting actual performance data and the impact on reports.
• Calculate Earned Value Variance and performance index for schedule and cost.
• Use these calculations to forecast end of project performance.
• Understand the trade-offs between schedule, cost and scope.

Overview of Project Management Basics

• PMI and the PMBOK® Guide processes
• The project charter and stakeholder expectations
• Competing demands – scope, schedule, cost

Project scheduling

• Create a schedule management plan
• Create a network diagram
  • Precedence Diagramming Method
  • Dependencies
  • Lead time and lag time
• Estimating techniques
  • PERT, analogous, parametric, Delphi, bottom up, top down
  • Range estimates and confidence levels
  • Reserves
• Estimate resources and duration’s
  • Labor Equipment, Materials, Supplies
  • Resource Assignment Matrix
  • Effort, availability and commitment
• Create a baseline schedule
  • Critical Path Method
  • Critical Chain Method
  • Project duration and float
  • Schedule analysis and compression techniques

Cost Management

• Create a cost management plan
• Estimate costs
• Create a time-phased budget

Controlling Schedule and Cost

• Compare actual performance to planned
• Collect actuals
• Earned Value Management
• Forecast and trend analysis
• Manage changes