|PM105||16 - 20 Sep 2018||Dubai - UAE||$4,750|
|PM105||09 - 13 Dec 2018||Muscat - Oman||$4,750|
Why Choose this Training Course?
In today’s turbulent fast-moving business environment, it is vital that organizations are able to predict the realization of value from their work. One of the most dominant approaches to the generation of value is by using project management to deliver valuable outcomes. However, many projects significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization’s financial and strategic objectives. Sometimes these failures are magnified due to senior management not being warned of the situation until far too late in project execution. Why? This is due mainly to the failure of many project managers to successfully apply the tools and techniques of modern project planning, monitoring, control and progress reporting on their projects.
This interactive, applications-driven 5-day project control training course will highlight the added value to be achieved when effective control mechanisms are applied using project management techniques.
This training course will feature:
- Reasons why failure to recognize key control points lead to poor project performance
- Explanations of the different controlling techniques used by predictive and adaptive project management approaches
- Demonstration of techniques to control expectations through effective stakeholder management
- Examination of effective governance mechanisms to support planning, execution (change) and performance management
- Application of core planning techniques to enable management to control project scope, schedule, costs, uncertainty and quality
Training Objectives click here
What are the Goals?
This training course will enable delegates to appreciate the concept of project control through well-structured project management governance and to improve their ability to control their projects by learning how to apply effectively project management techniques.
At the end of this training course, participant will learn to:
- Propose the use of either adaptive or predictive approaches depending upon the project environment
- Work within effective project governance structures to control the appropriate involvement of senior management when needed to ensure project success
- Avoid waste (and potential failure) by controlling the expectations and understanding of key stakeholders (customer, sponsor, team) in regard to project objectives and required outcomes
- Develop key baseline plans that can be used to control project progress
- Control project execution by using standard monitoring and change management practices
Target Audience click here
Who is this Training Course for?
This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:
- Associate project managers
- Project managers
- IT project managers
- Project coordinators
- Project analysts
- Project leaders
- Senior project managers
- Team leaders
- Product managers
- Program managers
- Project sponsors
- Project team members
Training Methods click here
How will this Training Course be Presented?
The facilitator will introduce each of the core topics using a lecture format. Presentations are supported by reinforcement exercises to emphasize the application of theory in real-world project settings. The course commences with an overview of the nature of projects and the fundamentals of project management. This enables delegates to reflect on how a project management framework supports effective control processes. The early sections of the course explain how to establish the work to be done and use this information to develop a comprehensive plan that guides different aspects of this work. Various techniques on how to control detailed planning of scope, schedule, cost and risk are introduced. Techniques on how best to control project execution are then explored. These techniques include variance analysis, change management and effective progress reporting.
Daily Agenda click here
Day One: Understanding How Projects Lose Control - Success and Failure
Competency Description: As a manager you need to establish and use governance mechanisms that promote effective decision making to control projects.
- Appreciate how the core characteristics of projects influence decision making structures
- Develop system to control project selection
- Appreciate how effective chartering controls project approval and promotes successful outcomes
- Control the engagement of team members on projects through effective project launch processes
Topics to be covered
- Characteristics of projects
- Fundamentals of project management
- Project Governance - controlling project selection
- Project Governance - controlling project commencement using the charter
- Controlling understanding - effective kickoff with the project team
Day Two: Enabling Control through Core Planning Techniques
Competency Description: As a manager you need to control what work will be performed and how it will be performed through effective detailed planning.
- Establish appropriate elicitation techniques in order to establish project requirements
- Control scope creep and appreciate the challenges to developing a detailed project scope specification
- Control waste and rework by building a work breakdown structure to capture 100% of the project work and control waste
- Control expectations and project progress through effective scheduling of work
- Control costs through the development of a time-phased cost baseline
Topics to be covered
- Controlling what is to be delivered - requirements collection & detailed specifications
- Controlling how it will be delivered - work breakdown structures
- Controlling when it will be delivered - building the schedule baseline
- Controlling stakeholder expectations - optimize the schedule
- Controlling how much the delivery will cost - estimation and construction of the project budget
Day Three: Enabling Control - Additional Planning Techniques
Competency Description: As a manager you need to control all aspects of the project by developing an integrated project plan and measuring and reporting project performance against that plan.
- Build a risk register and use risk management techniques to control uncertainty by modifying other core plans (scope, schedule, cost) as appropriate.
- Control waste and manage stakeholder expectations by planning and promoting effective communications among stakeholders.
- Measure project performance and clearly report project information to support decision-making
Topics to be covered
- Controlling uncertainty - risk management
- Controlling stakeholders - communications considerations
- Controlling adversity through effective contingency planning
- Flexible management - issues management
- Measurement techniques to control project performance
- Controlling information - status reporting
Day Four: Monitoring and Controlling Project Performance
Competency Description: As a manager you need to control project performance and make adjustments to work plans as needed.
- Understand the infrastructure needed to use the earned-value technique
- Establish cost performance and schedule performance efficiency using the earned value management system
- Control senior management expectations and promote effective decisions by forecasting modified project outcomes based upon performance efficiencies.
- Develop appropriate change control systems
Topics to be covered
- Variance analysis using Earned value management
- Forecasting to control project budgetary and schedule concerns
- Managing change
- Advanced status reporting techniques
Day Five: Controlling Project Closure & Addressing Unpredictability
Competency Description: As a manager you need to control project closure to ensure effective delivery and acceptance of project deliverables and appropriate management of internal “process assets” that may be used for audit/reuse into the future. You should also appreciate the appropriate lifecycle approach to be used to control different project situations.
- Determine how best to facilitate assurance of scope completion and acceptance of project deliverables
- Identify how best to preserve key internal artefacts that were developed during the project to produce the deliverables
- At a macro level, appreciate the best approach to address project control based upon the project environment
Topics to be covered
- Scope verification - requirements traceability
- Management of project records
- Continuous learning techniques through project retrospective
- Controlling project close-out
- Controlling volatile environments - adaptive project management
- Contrasting control mechanisms between predictive and adaptive project management
Accreditation click here
The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on this training course, to help you achieve or maintain PMI® professional credentials.
The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Related Courses click here
- Advanced Managing Project Control
- Project Execution
- Project Performance Measurement and Management
- Project Analysis
- Professional Project Analyst
- Project Management for the Oil and Gas Industry
Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, Project Management Institute, Inc. 2013