Project Performance, Monitoring & Cost Control

An Intensive 5-Day Online Training Course

Project Performance, Monitoring & Cost Control

Managing Project Control

We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com

Why Choose this Training Course?

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 online training course will highlight the added value to be achieved when effective control mechanisms are applied using project management techniques.

This online 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

What are the Goals?

What are the Goals?

This online 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 online 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

Who is this Training Course for?

Who is this Training Course for?

This PetroKnowledge online 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

How will this Training Course be Presented?

This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location

Daily Agenda

Day One: Understanding How Projects Lose Control - Success and Failure

  • 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

  • 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

  • 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

  • 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

  • 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

Certificate

  • On successful completion of this online training course, a PetroKnowledge E-Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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© 2023. Material published by PetroKnowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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