Managing Project Control

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

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

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

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.