Project Planning , Cost Control & Cost Estimation

Code Date City Fees Register
PM009 August 20, 2023 - August 24, 2023 Dubai – UAE $ 5000

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PM009 October 15, 2023 - October 19, 2023 Sharm El-Sheikh $ 4000

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PM009 January 7, 2024 - January 11, 2024 Online $ 1900

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  • Course attendees will understand:
  • The Project Planning & Management Foundation Stones .
  • The importance of the Team Approach to delivering projects
  • The importance of knowing your outcome before you start a project and how to define the outcome
  • The importance of planning and how to manage the 7-Step Planning Process
  • How to organise to the plan and how to build the project team
  • How to establish and use a Project Board
  • The importance of gaining commitment
  • The importance of and how to take massive action
  • How to keep the team focused on the delivery goal
  • How to set up and operate the disciplines required to monitor and control projects

The Delegates

  • Managers, Members of Board Directors, High Administration and All Levels of Responsibility in accounting and finance
  • All Staff who are Responsible of Taking Financial Decisions and :
  • Plan a Project .
  • Manage Project Quality .
  • Schedule Project Activities and Deliverables .
  • Budget for Projects .
  • Control Project Costs .
  • Develop Project Teams .
  • Manage Contracts And Procurement .
  • Optimize And Control Project Communication.

The Contents

  • The World of Project Management :
  • Project lifecycle model
  • Classic and modern project constraints and parameters
  • The concept of project management maturity
  • Selecting projects to meet organizational goals
  • Aggregating projects into programmes and portfolios
  • Establishing a project support office
  • Considering and confronting uncertainty in project selection decisions
  • Project data, information and knowledge management
  • The art, science and practice of project management
  • Case Studies and Group Exercises
  • Project Planning, Scheduling and Budgeting :
  • Project plan vs. Project planning
  • Strategic, tactical and operational planning
  • The contents of a project plan
  • Level of detail in scheduling
  • Network logic and dependency analysis
  • Project uncertainty and risk management
  • Introducing uncertainty in planning
  • Fundamentals of budgeting & cost control
  • Methods of budgeting
  • Improving cost estimates
  • Best practices of project planning, scheduling and budgeting
  • Capital Budgeting process and measuring relative cash flows :
  • Defining the capital budgeting and determining the questions that we are going to answer
  • Defining the capital budgeting process
  • Determining the relevant cash flows for each project and how do we calculate it
  • Evaluating Capital Budgeting projects :
  • Defining the PV & FV.
  • Determining the capital budgeting evaluation techniques, advantages of each and its drawbacks:
  • Payback period
  • Bailout payback
  • Discounted payback period
  • Net present value
  • Internal rate of return
  • Modified internal rate of return
  • Profitability index
  • Accounting rate of return
  • Choosing between the optimal capital budgets
  • Increasing marginal cost of capital
  • Capital rationing
  • Problems and solutions
  • Conclusion: Decision-making Criteria in Capital Budgeting
  • Linear Programming
  • Post investment audit
  • Project Resourcing, Monitoring and Control
  • The Project Manager’s Roles and Responsibilities
  • Project Evaluation, Reporting, Closure and Hand-over

The Discount

10% in case of Three P. (or more)