Course Description
This training seminar will present the participants with straightforward approaches to developing a cost baseline and setting up a cost and schedule baseline. It will also provide participants with a proven set of methods, processes, tools and techniques to develop a systematic and dynamic project plan to ensure progressive monitoring control and reporting of project cost and schedule.
Objectives
After the training, participants should be able to:
- Understand the relationship between cost and time and describe what elements are key to project planning
- describe how a work breakdown structure is used as an input to developing a project plan
- use a work breakdown structure and define work deliverables
- describe the basis of a project schedule and the link between a work breakdown structure and a project schedule
- describe the different types of activity relationships
- explain what precedence diagramming methods are and how they can be used to understand project duration and flexibility
- use a precedence diagramming method to deliver a project schedule with durations
- define the principles behind time and cost estimation
- use estimation tools and techniques to present expected project costs and durations
- define and develop a cost budget
- use the cost estimates to structure a cost baseline
- understand a cost and schedule baseline