Scope is the single most important variable in defining and controlling the cost of a project. This one-day seminar will look at and provide tips on scope development, budgeting and planning the scope, tracking the execution of the scope, controlling the scope, and managing the budget variance. Using exercises and discussion, we will address the fundamentals of project cost control including; scope development, work breakdown structure, risk analysis, estimating, earned value analysis, forecasting, reporting, and change management. Project control is a lot of work and is a team effort if success is to be achieved. As noted above, project cost control sounds easy, but it is a lot more difficult to put into practice.
To provide participants with the practical, fundamental knowledge of project cost control that can be put into practice immediately to increase chances of project success.
Topics discussed will include:
- Scope/Schedule/Budget/Resources Relationship;
- Scope Development;
- Project Cost Control;
- Forecasting and Reporting;
- Change Management;
- Estimating Methods;
- Project Risk Analysis; and
- Earned Value Analysis for Project Tracking.
After participating in this course, you will be able to:
- Maintain project cost control through an understanding of the critical project relationship of scope, schedule, budget, and resources.
- Build a list of project risks.
- Evaluate and prioritize your project risk issues.
- Develop a factored estimate for an understanding of the process.
- Analyze your project status using earned value analysis.
- Provide project leadership by accessing project control problems and using your newly acquired knowledge, determine the best course of action for the project.
- Advance your career by having the tools to better manage your projects.
- Stand out from your peers by having successful projects.
Who Should Attend
This course is designed for those involved in managing the design and/or construction of projects (e.g.; engineers, technologists and technicians, tradesmen, maintenance personnel, and other personnel from industrial users, utilities, municipalities, educational institutions, commercial facilities, consulting engineering firms, and manufacturers). Topics covered in this course are also of great value to managers and other non-technical project personnel.
Morley Selver, P.Eng., IPMA B
Morley Selver earned his bachelor of science degree in civil engineering in 1973 and has over 35 years of real world project management experience. He has worked in industry, with and for consultants, and his own consulting business. His project experience includes operations and maintenance, research and development, project management of small to medium-size projects, construction management of large industrial projects, mechanical installation of heavy industrial equipment, commissioning, and startup of industrial plants, and plant management.
He has worked in Canada and the USA in operating pulp and paper mills, oil and gas projects, terminals and pipelines, on North Slope oil projects, board plants, and in the recycling industry. He is currently working as a project manager in the oil and gas consulting business. He is the author of “Plant Project Engineering Guidebook”, teaches project management in Canada for private training companies, and is an international speaker on project management. He is a Certified Senior Project Manager (Level B) with the International Project Management Association and is The Director of Certification and a ‘First Assessor’ for the Project Management Association of Canada (PMAC-AGPC).