In Depth Project Cost, Schedule, and Risks Management for Project Professional

COURSE OUTLINE:

In Depth Project Cost Management

1. Introduction to Effective Cost Management: Overview of cost management in project management, Importance of accurate cost estimates
2. In Depth Cost Estimating Techniques: Parametric Estimating, Analogous Estimating, Three-Point Estimating, Bottom-Up Estimating
3. Cost Budgeting and Control: Defining the cost baseline, Cost aggregation, Cost performance measurement
4. Earned Value Management (EVM): Introduction to EVM, Calculating key EVM metrics (PV, EV, AC, CPI, SPI), Using EVM for project performance measurement
5. Cost Control Techniques: Variance analysis, Corrective actions, Change control process.

 Enhanced Schedule Management

1. Introduction to Enhanced Schedule Management: Importance of accurate project scheduling, Overview of scheduling techniques
2. Effective Scheduling Techniques: Critical Path Method (CPM), Program Evaluation and Review Technique (PERT), Resource Levelling and Smoothing
3. Schedule Development and Control: Defining the project schedule, Schedule baseline, Monitoring and controlling the project schedule.
4. Risk Management in Scheduling Identifying schedule risks, Analyzing and prioritizing schedule risks, Developing risk response plans
5. Case Study: Progressive Schedule Management: Practical application of progressive scheduling techniques, Group activity: Develop a detailed project schedule.

Advanced Risk Management

1. Introduction to Advanced Risk Management: Importance of risk management in project management, Overview of risk management processes
2. Qualitative Risk Analysis: Risk probability and impact matrix, Risk categorization, Expert judgment
3. Quantitative Risk Analysis: Monte Carlo simulation, Decision tree analysis, Sensitivity analysis
4. Risk Response Planning and Implementation: Developing risk response strategies, Assigning risk owners, Implementing risk responses
5. Monitoring and Controlling Risks: Tracking identified risks, Evaluating risk response effectiveness, Closing out risks
6. Case Study: Advanced Risk Management: Practical application of advanced risk management techniques, Group activity: Develop a comprehensive risk management plan.

ABOUT THE COURSE LEADER:

Ir. M. Tavip Sunandar, MM, AMPP, PMP, AIICD, More than thirty-four (34) years of work experience in BP and Arco in project business and technical management, quality, engineering and construction, engineering information management, materials and supply chain management of offshore and onshore oil & gas processing facilities/ plant, LNG, including sub-sea control facilities, platforms, turbo-machineries, pipelines, and its instrumentation. Fully experienced in managing major project development in all project life cycles and project phases of Appraise, Select, Define, Execute to Operate. Fully capable and experienced to manage Turnaround project of the LNG plant. Extensive experiences in Quality Management, Procurement, Material & Supply Chain management, SQM and Engineering Information management