Course Objectives

why you should attend:

This training course from Gulf Training and Consultation Center aims to provide participants with the knowledge and skills needed to align project management with an organization’s corporate strategy and to perform an in-depth analysis of a project during the planning and implementation phases. Participants in this interactive course will learn all the critical tools and techniques required to optimize the successful execution of a project in a dynamic environment.

Training Course Methodology:

This course relies on individual and group exercises aimed at helping participants learn all critical activities for agile project management. The course also includes several case studies and presentations by participants, followed by group discussions.

Training Course Objectives:

By the end of the course, participants will be able to:

• Define project management frameworks, processes, and tools in compliance with the PMI standards
• Develop a project strategy to ensure alignment with the overall strategy of the organization using financial and non-financial models
• Construct project diagrams, schedules, and plans and use different techniques to perform an in-depth analysis for the project
• Identify different methods for cost estimating and project budgeting
• Manage time and cost deviations through applying ‘earned value analysis’ and develop key performance indicators for the project
• Employ risk management plans and apply risk response strategies to ensure the successful implementation of a project

Content

• Overview of Project Management
  • Defining project management
  • Project management processes
  • Project life cycle
  • Effect of organizational structure
• Project Strategy
  • Strategic versus operational project management
  • Project selection financial models
  • Net Present Value (NPV)
  • Decision trees
• Project Planning and Scheduling
  • Building Work Breakdown Structure (WBS)
  • Duration estimation
  • Critical Path Method (CPM)
  • Resource allocation
  • Duration acceleration
  • Other planning techniques
    • Critical chain analysis
    • Adaptive planning for Agile projects
• Project Budgeting
  • Cost estimating techniques
  • Contingency and management reserves
  • Cost baseline
  • Project budget
  • Cash-flow analysis
  • Cost optimization
• Project Control
  • Earned Value Method (EVM)
  • Managing deviations
  • Key Performance Indicators (KPIs)
  • Dashboards and scorecards
• Project Risk Management
  • Project risk identification
  • Qualitative risk analysis
  • Quantitative risk analysis
  • Project risk response planning

Course Target

Target Audience:

Personnel who are seeking in-depth knowledge of creating and managing project plans. The course is also designed to provide a comprehensive analysis of time, cost, and risk and several techniques to regain control over projects.

Target Competencies:

• Project management
• Performing project scheduling
• Developing project plans
• Managing project budgets
• Developing project controls
• Risk management