Project Scheduling
& Cost Planning Skills

The Project Scheduling & Cost Planning Skills training course is designed to teach you how to create comprehensive and reliable plans with accurate time and cost estimates that inspire high levels of confidence in project delivery from owners or sponsors.

The COVID-19 pandemic has exposed many vulnerabilities in project scheduling and cost management, highlighting the importance of creating realistic plans that account for risks throughout the project lifecycle.

While initial project decisions are often based on high-level conceptual estimates, more detailed planning is now crucial for developing precise cash flow projections and schedule forecasts. This course will emphasize the importance of considering how project tasks will be executed, whether remotely or on-site, and how teams can work safely while adhering to distancing rules.

This Anderson training course will feature:

• Gaining knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
• Understanding the different types of estimates used to give confidence and progressively estimate project costs and schedule
• Identifying risk sources and minimize their impact and learn how to sustain project momentum
• Developing effective performance monitoring and control systems
• An integrated approach to scope, time, resources and cost management into a dynamic and manageable model

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

•  Confidently estimate project timescales and costs with appropriate resource management plans
• Identify, assess and manage schedule, cost, scope and resource risks
• Understand project performance and control
•  Measure, forecast and control project performance by employing earned value techniques
• Develop a project recovery plan for budget and schedule overruns

This Anderson training course is suitable to a wide range of professionals but will greatly benefit:

• Those who have a project role such as project managers, cost estimators, project schedulers, project designers, project planner, contract professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
• Senior managers who want to understand best practice in project management
• Those who are interested in knowing more about estimation and control in a project environment

This Anderson training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

This training course is highly interactive and presents knowledge through formal and interactive learning methods. This training course includes individual exercises, team projects, applicable case studies, video and group discussions. The material has been designed to enable delegates to apply all of the material with immediate effect at the office.

Additionally, this training course does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project risk management.

• Basic project management definitions
• Triple constraints – Time, Cost, Scope
• Project selection methods
• Defining project scope
• Cost & schedule estimation, Cost budgeting & control
• Project schedule management using the Critical Path Method

• Resource requirements
• Direct & indirect project costs
• Planning and scheduling limited resources
• Options for accelerating the schedule
• Crashing the schedule - How?

• Risk identification, analysis & management
• Contingency reserve
• PERT, probability and standard deviation formulae
• Network activity risk profiles
• Application: Estimating project duration
• Project risk strategies

• Critical chain analysis and use of buffers
• Comparison of unbalanced with balanced schedules
• Measuring planned progress on schedule
• Risk distribution in contracting
• Actual progress and work conditions
• Managing variable conditions

• Schedule variances & cost variances
• Progress control charts -trend analysis
• Schedule and cost variance forecasting
• Schedule and cost recovery analysis
• Schedule and cost recovery plan
• Project recovery baselines and controls

Anderson Certificate of Completion will be provided to delegates who attend and complete the course