Schedule and Cost Control

Schedule and Cost Control


Course Overview

This instructor-led course provides participants with real world tools to manage the complex problems surrounding schedule and cost management. Students will learn a variety of tools and techniques to see what works and what does not in the real world of project management.

Course Introduction 

Course Introduction 

Section 01 - Quick PM Review 

Quick PM Review

The PMI-SP Process

The PMI-SP Exam

The Basics of PM

The Five Process Groups

The Basics of PM: The Process

The Ten Knowledge Areas

Section 02 - Time Management 

Time Management

6.1 Plan Schedule Management

6.2 Define Activities

6.3 Sequence Activities

6.4 Estimate Activity Resources

6.5 Estimate Activity Durations

6.6 Develop Schedule

6.7 Control Schedule



Types of Dependencies

Precedence Diagramming: Finish to Start

Precedence Diagramming: Start to Start

Precedence Diagramming: Finish to Finish

Precedence Diagramming: Start to Finish

Conditional Diagramming

Leads and Lags

Duration Estimating Methods

Bottom-Up Estimating

Analogous Estimating

Expert Judgment for Estimating

Parametric Modeling Estimating

Program Evaluation & Review Technique (PERT)

Resource Considerations

Schedule Creation

Section 03 - Critical Path Method 

Critical Path Method

CPM Basics

Critical Paths in Network

Each Task

Critical Path Model


Resource Leveling


Simulation Advantages & Disadvantages

Duration Compression

Section 04 - Basic Cost Management 

Basic Cost Management

7.1 Plan Cost Management

7.2 Estimate Cost

7.3 Determine Budget

7.4 Control Costs

Types of Cost Estimating

Bottom-Up Cost Estimating

Analogous / Top Down Estimating

Parametric Cost Estimating

Types of Project Costs

Accuracy of Estimates

The Cost Baseline

Total Project Budget

Section 05 - Introduction to Earned Value 

Introduction to Earned Value

Intro to Earned Value Graphs

Basic Terms

Variances and Performance Indexes

Basic Formulas


Forecasting - ETC

Forecasting - EAC

Forecasting - TCPI

Forecasting - ETTC

Forecasting – Other Calculations

Cumulative Cost Curve

EV Performance

Section 06 - Critical Chain Management 

Critical Chain Management

Section Objectives

The Current Management Paradigm

Current Project Schedules

Project Schedules

The Results

What Else Can You Do?

Overestimate AKA Pad the Schedule

Management’s Response


A New Paradigm

The Theory of Constraints

Theory of Constraints Meets Project Management

Critical Chain Step 1

Critical Chain Step 2

Viable Schedules


Possible Paths

People on the Critical Chain

Resource Buffers

Project Buffers

Feeding Buffers

Critical Chain Project Management

Original Duration Estimate


Some Key Ideas

Section 07 - Other Cost Calculations 

Other Cost Calculations

Present Value (PV)

Net Present Value Calculation

Net Present Value (NPV)

Future Value Calculation

Internal Rate of Return (IRR)

Return On Investment (ROI)

Payback Period

Benefit Cost Ratio (BCR)

Opportunity Costs (OC)


Common Depreciation Conventions

Straight Line Depreciation

Depreciation Examples

Depreciation Examples UP/O

Double Declining Balance (DDB)

Sum of the Years Digits (SYD)

Course Closure


Disclosure: Project Management training courses are offered by CareerAcademy an REP with the Project Management Institute (PMI)®. PMI, Project Management Institute, Certified Associate in Project Management (CAPM), CAPM, PMI Agile Certified Practitioner (PMI-ACP), PMI-ACP, PMI Risk Management Professional (PMI-RMP), PMI-RMP, PMBOK, PgMP, PULSE OF THE PROFESSION, THE PMI TALENT TRIANGLE and The PMI REP Logo are registered marks of the Project Management Institute, Inc.

Schedule and Cost Control
tag icon Price $84.99
tag icon Instrutor 1
tag icon Duration 4h 11m
tag icon Lessons 7
tag icon Access 12 Months
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