| Course |
| High Impact Project Cost Management |
High Impact Project Cost Management
The High Impact Project Cost Management course is a combination of classroom teaching and interactive workshop style, incorporate with simulation as learning tool, to introduce the concept, processes, and application of these practices to the participants. It is aligned to the PMBOK®Guide and provides realistic scenarios in real-‐life project context for the participants to deal with.
Intended Audiences
This session is intended for anyone who involve in planning, executing, monitoring and controlling projects, especially in the aspect of costs:
- Project sponsors and executives
- Project and programme managers
- Project financial controller
Key Learning Points
In this course, participants will learn the followings:
- Overview of Capital Budgeting and understand how projects are selected
- Understand cost management techniques in project management
- Track and analyze project status using earned value management method
Workshop Kits
The following packages will be included in this workshop, some items will be shared and some is made available for individual participant:
- Earned Value Simulation worksheets (one set can be used for 3 teams)
- Project Management Handbook (for each participant)
Course Outlines
High Impact Project Cost Management
- Overview of Capital Budgeting in organizations
- Project selection methods
- Cost structure in projects
- Cost performance report–past, present and future performances
- Earned Value Management
Earned Value Management–Earned Value Project Simulation Exercise
In this exercise, participants go through the following learning points:
- Explain how a network diagram’s information can convert into a planned value line chart
- Chart the earned value (EV) and actual cost (AC) against a project’s planned value (PV)
- Describe a project’s status based on charted variances
Workshop Duration:
1day (7hours)