The late delivery of projects has become the scourge of project professionals worldwide. Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization's financial and strategic objectives, often with sizable increases in costs and with substantial financial losses to the organization. Why?
This is due mainly to the failure of many project professionals to successfully apply the tools and techniques of modern project planning, scheduling, and control to their projects. Likewise, the development of reliable cost estimates during the design and early conceptual stages of a proposed project is of critical importance to the success of the project.
The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them.
In addition to the potential financial losses suffered by the organization, many such projects subsequently fail to deliver the required quality of outcomes intended for the project as a direct consequence of poor estimating. Budgeting inaccuracies inevitably result in lower quality workmanship and materials.
The estimating techniques and processes covered in this conference will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on budget estimates, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts, and performing lump sum and unit-price estimates.
This course will significantly enhance the skills and knowledge of delegates and improve their ability to properly plan and schedule their projects, as well as perform estimates at both the conceptual and detailed levels, and to compare feasible alternatives quickly and efficiently.
Integrate scope, time, resources, and cost management into a dynamic, manageable plan
Develop project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks
Maintain continuous project performance and delivery control
Measure, forecast, and control project performance by employing earned value techniques
Prepare accurate budget estimates through the programming phase, the schematic design phase, and finally the design development phase
Understanding the most appropriate contracting structure to ensure the desired project results
Apply proper risk analysis to effectively mitigate risks at minimal costs, and to determine appropriate contingencies for residual risks
Obtain the skills required to prepare and manage the bidding process
Prepare lump-sum, unit-price, cost plus, and time-and-materials estimates and contracts
Project Managers
Project Cost Estimators
Cost Controllers
Project Planners
Contract Professionals
Project Procurement Staff
Individuals who are interested in Project Initiation, Project Estimating and Budgeting, and Development
Scope Planning
Work Breakdown Structures (WBS)
Work Packages
Statement of Work (SOW) - Technical Baseline
Scope Execution Plan
Triple Constraints - Time, Cost, Scope
Project Quality Issues
Project Risk Analysis
Project Deliverables
Resource Requirements
Precedence Network Diagramming
Job Logic Relationship Chart
Critical Path Analysis
Project Float Analysis
Lead and Lag Scheduling
Activity Duration Estimation
Milestone Charts
Gantt Chart - Schedule Baseline
Project Estimating Processes
Production and Productivity Planning
Resource and Cost Allocation
Management of Resources
Planning and Scheduling Limited Resources
Resource Allocation Algorithms for Resource Prioritisation
Solving Resource Contention
Resource Levelling when Project Duration is Fixed
The Brooks Method of Resource Allocation
Increasing the Workforce
Solving Interruptions to the Schedule
Scheduling Overtime
Circumstances Requiring Project Acceleration
Time-Cost-Scope Trade-off
Project Time Reduction
Direct Project Costs
Indirect Project Costs
Options for Accelerating the Schedule
Crashing the Schedule - How?
Pre-Accelerated Schedule
Developing a Crash Cost Table
Acceleration in Practice
The Optimal Acceleration Point
Gantt Chart for Accelerated Schedule
Network Activity Risk Profiles
Additional Considerations
Multiple Critical Paths
Project Cost Reduction
Program Evaluation and Review Technique (PERT)
Path Convergence Analysis
Solving the Path Convergence Problem
Network Risk Profile Types
Normal Distribution
PERT, Probability and Standard Deviation Formulae
Calculating the Standard Deviation
Standard Deviation for Critical Path
Z-Values: The Probability of Project Completion at a Required Date
True Critical Path
Network Activity Risk Profiles
Application: Estimating Project Duration
Preparing a Line of Balance Schedule
Velocity Diagrams and Linear Scheduling
Velocity Diagram Production Rate Calculations
Linear Sequence of Activities as a Series of Velocity Diagrams
Balancing the Schedule
Calculations for a Line of Balance Schedule
Time to Complete One Activity
Elapsed Time for Recurring Activity
The slope of Line from Activity Start to Activity Finish
Balanced Project Schedule without Buffers (Finish-Start)
Corporate social responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with their stakeholders. CSR has been considered an efficient marketing tool for gaining the competitive advantages a company needs in order to be on top in the context of the current hyper-competitive environment.
You will learn vital skills for managing and creating content in this course. To help you establish a social media presence, you'll learn how to craft compelling social media posts and how to develop a powerful brand. Additionally, you'll discover how to create an ongoing procedure for handling your content. A content calendar should be created, postings should be managed and moderated, data should be analyzed for insights and iteration, and post effectiveness should be increased.
Are you under pressure from an ever-growing task list, conflicting demands and constantly changing priorities? Productive working practices are valuable skills in today’s work environment. Competition is intense and companies need people who can organize their time effectively, collaborate with others to achieve goals, and who constantly strive to better meet customer and stakeholder needs.
This popular course will support you to develop practices and techniques to manage this pressure proactively, allowing you to meet deadlines and deliver against your objectives. You will also develop skills in working well with others to ensure success.
The 5-Day Mini MBA is a unique distillation of the skills that need to be acquired in order to be considered successful in modern business. Not everyone is able to devote a year or two of their time to studying for a Masters in Business Administration, but in an age of rapid change in a highly competitive environment, it is crucial to have a thorough understanding of the issues involved in the smooth and successful running of a business. The 5 Day Mini MBA Leadership & Management Masterclass is a highly intensive training course covering all the usual subjects associated with an MBA. In 5 days, a delegate will learn what normally takes a year of full-time study. The Mini MBA course is designed to provide delegates with comprehensive knowledge of fundamental, proven strategies taught as both an academic and practical exercise. As a result, the course will provide a comprehensive understanding of the skills and knowledge that will be required for any person to further develop their business knowledge and skills and even to prepare them for actual formal study for an MBA. The course is designed to be delivered either as an “In House” class for an organization’s directors and senior management or as a public class where delegates from a number of companies can learn both from the course and from one another and exchange ideas and best practice.
Large capital-intensive projects in the oil and gas industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets.
The decision of whether or not to invest in new capital projects in the oil and gas industry starts with critical decisions during the exploration phase of new development or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss and will drive the decision to develop or abandon the well.
Crisis management is concerned with responding to, managing, and recovering from an unforeseen event. Risk management is concerned with identifying, assessing, and mitigating any activity or event that could cause harm to the business. Risks can be strategic or operational in nature. A business continuity plan (BCP) is a process that outlines the potential impact of disaster situations on business operations. It creates policies that respond to various situations to ensure a business is able to recover quickly after a crisis.