Students will gain an understanding of the process of managing procurement relationships; monitoring contract performance, and making changes and corrections as appropriate; and closing out contracts.
As the project enters the execution phase actual expenditure is incurred. The Cost Management process monitors and reviews project spend to determine whether it is in line with expectations laid out in the project budget, project schedule and cost baseline.
The Project Manager will need to manage financial processes external to the Project Manager tool being used to manage the project costs.
In this course, you will gain an understanding of the responsibilities of the project manager responsible for managing, monitoring, analyzing and reporting on the cost performance of the project and implementing financial improvement actions in the project.
Approximately 20 Minutes
Students will gain an understanding of the activities used to evaluate whether the product or service meets quality requirements that are specified for the project.
The Project Team will create a detailed list of all the packages or elements of work that must be completed in order to deliver the project.
This is called a Work Breakdown Structure. The work packages or elements can then be allocated to resource groups or progressed as planned procurements.
A Work Breakdown Structure cannot be developed in isolation. Creating the WBS is a team effort.
In this course, you will gain an understanding of the high level process for developing a project work breakdown structure and the steps that will be used later in the costing and time management processes to schedule or plan the tasks and to cost each element of the project to determine an overall project cost.
Approximately 20 Minutes
It is important for a Project Manager to understand the project management framework and process areas so that they can apply the right plans and mitigants at the right time.
But have you ever wondered how the projects start and how Project Directors seemingly pull things together so quickly and how they manage the whole project and the work of others whilst still delivering their own work set.
In this course, you will gain an understanding of the way the Project Director will most likely start their planning and the important skills they will use along the way.
Approximately 20 Minutes
Every project needs a schedule. And every project manager needs to manage their own time and the time of others to ensure that the project schedule is met.
Defining the schedule activities is one of the core process areas in Project Time Management and is an iterative and resource intensive process.
The Project Manager should look to using a project planning/scheduling tool, like Microsoft Project, to create, manage and report on the schedule (e.g. report planned against actual dates and to provide forecasts).
A scheduling tool will assist in building the schedule by applying specific planning rules and facilitating data capture and ease of making changes.
In this course, you will gain an understanding of the processes of developing the Project Schedule through to the activities and milestones you may be delivering against.
Approximately 20 Minutes
Kickstart your next project with your own team.