Project Performance Measurement and Management

Achieving Successful Goals of Project Execution

Schedules
5 Found
Date Duration Venue Fees
02-06 Sep 2024 5 Days Dubai - UAE US$4,450 Register
04-08 Nov 2024 5 Days Istanbul - Turkey US$5,450 Register
02-06 Dec 2024 5 Days London - UK US$5,450 Register

Course Overview

The Project Performance Review focuses on evaluating projects efficiently and contextually, identifying significant development opportunities, and implementing the leading project and organisational management practices. It describes how these can be implemented to offer stakeholders confidence in the control and without waste delivery of their projects.

How do you evaluate a project’s performance? All projects are expected to have specified objectives and a desired outcome that will cost a certain amount of money and must be completed within a predetermined time frame. Therefore, successful initiatives meet their objectives for cost, schedule, and quality. Performance is measured easily by success or failure, which may work for small, straightforward projects; the success-failure metric could be more practical for most projects.

This 5-day interactive Project Performance Measurement and Management training course is a comprehensive, straightforward, and step-by-step program that equips participants with the knowledge necessary to manage and control the performance of their projects effectively. It is advantageous because it consolidates most of the information one needs to know about project management and its subsets. It provides the participants with the fundamental and practical applications of effective project management and performance measurement. Whether they are a project manager, a project controller, or a lead, this comprehensive course packages the things one needs to know about project controls in a simple and structured way. It equips the trainee with the right tools and gives a deeper level of understanding to boost their competency in controlling the projects they involve. This course illustrates how to effectively plan, control, monitor, and forecast a project’s schedule and cost. More importantly, it shows you how to develop the project’s plans and processes so that schedule and cost control are achievable goals.

Course Objectives

This training course will give the participants the tools to introduce a necessary health check for project managers, giving a more data-grounded view of how the project resources and objectives are trending over time. It will provide ways to minimise their impact.

After the training course, the participants will learn to:

  • Acquire a comprehensive understanding of what project performance management refers to
  • Understand how to align projects objectives
  • Learn in-depth knowledge in planning & scheduling and establishing KPIs
  • Understand the progress monitoring, reporting cost control, and forecasting by using earn value management
  • Acquire a complete understanding of cost and schedule analysis
  • Understand why project controls are important in terms of project performance measurement

Target Audience

The training course is intended for a wide range of professionals involved in developing and constructing capital projects.

It is suitable for a wide range of working professionals, including (but not limited to) the following:

  • Project Managers
  • Project Cost Estimators
  • Project Planners and Schedulers
  • Procurement professionals
  • Contract Managers
  • Contract Administrators

Training Methodology

The training course will provide a sound foundation of project performance management and project management fundamentals for the delegates engaged with project management of capital projects. The training is based on theory and packed with tools and techniques, practical examples lessons learned from past projects. To the maximum possible extent, use up-to-date learning practices and current material, including examples from actual case studies. Pre and post-assessment tests will be conducted to measure the participant’s level of knowledge in the topic before training and progress made upon programme completion.

Course Outline

Day One

Introduction to Project Management

  • What is Project Management?
  • Project Management Fundamentals
  • What is Project Control?
  • Project Management vs Project Controls
  • What is Project Performance Management?
Day Two

Project Planning Process Groups I

  • Project Scope Management
    • Plan Scope Management
    • Collect Requirements
    • Define Scope
    • Create WBS
  • Project Schedule Management
    • Plan Schedule Management
    • Define Activities
    • Sequence Activities
    • Estimate Activity Durations
    • Develop Schedule
      • Precedence/Successor Relationships and dates
      • Techniques utilised in scheduling planning
  • Project Cost Management
    • Plan Cost Management
    • Estimate Costs
      • Fundamentals of Cost Estimating
      • Cost Estimating Relationships
      • Activity Based Costing and Traditional Cost Allocation
      • Statistical Techniques in Cost Estimation
      • Detailed Cost Estimating
      • Parametric Cost Estimating
    • Determine Budget
Day Three

Project Planning Process Groups II and Monitoring & Controlling Process Groups I

  • Project Risk Management
    • Plan Risk Management
    • Identify Risks
    • Perform Qualitative and Quantitative Risk Analysis
    • Plan Risk Responses
  • Project Integration Management
    • Monitor and Control Project Work
    • Perform Integrated Change Control
  • Project Scope Management
    • Validate Scope
    • Control Scope
  • Project Schedule Management: Control Schedule
  • Project Cost Management
    • Control Costs
    • What is Cost Control in Projects?
    • Cost Control rules
Day Four

Project Monitoring and Controlling Process Groups II

  • Project Resource Management
  • Project Communication Management
  • Project Risk Management
  • Project Procurement Management
  • Project Stakeholder Management
Day Five

Cost and Schedule Control during Project Execution

  • Cost Control at Project Start-up
  • Cost Control during Project Execution
  • Cost Control Checklists
  • Project Schedule Control during Project Execution
  • Forecasting

Certificates

Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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