PROJECT PLANNING, MONITORING AND EVALUATION
An annual report from The Standish Group that examines trends in project success, repeatedly reports worrying statistics. The 2011 edition of the CHAOS report found that 37% of all projects succeeded in that they were delivered on time, within budget, with all required features and functions. 42% of projects were challenged in that they were delivered late, went over budget, and/or were delivered with less than the requested features and functions. The remaining 21% were considered a complete failure due to cancellation prior to delivery or were never used post completion.
The 2011 figures represent a slight improvement since the release of the first CHAOS report in 1994, when project success was reported to be just 16%; but the current statistics can still be described as fairly dismal. In real terms, the cost of project failure to the economy is staggering. It is estimated that the financial burden of project failure in the U.S. alone amounts to over $1 trillion. On a global scale, that figure rises to an estimated yet equally astonishing $6.2 trillion.
Project management is critical to the success of every organization. Project managers face constant pressure to cut costs, implement projects quickly, and deliver high quality. Without thoughtful planning, execution and monitoring of efforts, organizations will lose business to those that effectively manage their projects.
Whether your goal is to learn the basics of project management or to improve your personal productivity or improve your execution skills in delivering task to time, Certification Edge management training will deliver this result.
LEARNER’S LEARNING OUTCOME
This course will cover methods beyond topics covered in Operations Management for MBAs—in the planning and implementation of projects. At the end of the course participants would acquire the knowledge and skills essential to mastering the initiation, planning, execution, monitoring and control of projects across the organizational value chain.
At the end of the course, participants should be able to:
- Apply standardized tools such as CPM and PERT in project life cycle planning
- Allocate resources effectively to different activities while planning a project
- Expedite project delivery using advanced techniques such as crashing and fast-racking to
- Deploy proactive strategies in identifying and managing risk capable of causing deviation from baselines
- Select an ideal monitoring and control system to track project performance in line with project baseline.
- Master the use of monitoring and control tools such as EVM and critical chain method in project performance evaluation. How to avoid common causes of project failure
- Identify options for structuring a project team and develop project clarity and deliverables
- Risk analysis, assessment and management.
- Plan resource requirements assessment and budget development
- Improve communication between stakeholders and project team members so as to ultimately create a productive team environment
- Learn the ideal processes and method of project close-out
- Understanding Project and Project Life cycle
- Understanding the Project Management Framework
- Project Integration Management
- The Organizational structures – Functional, Projectized, Matrix and Composite
- Creating the Project Charter, the Charter Process
- Developing the Project Work Breakdown Structure
- Project schedule management using effective tools and techniques
- Project Schedule Network Diagrams and Critical Path analysis
- Developing an effective communication plan
- Theories of Motivation and its application in project team management
- The seven basic quality tools
- Project Risk Identification and planning
- Effective project risk management strategies
- Project Monitoring and Evaluation
- Project close-out techniques
- Formal lectures
- Case studies
- Group exercises
- Experience sharing
- Role Playing
- Increased project success
- Improved risk responses
- Cost savings
- Improved quality of project
- Efficient utilization of resources
- Employees and customer satisfaction
- Competitive edge
WHO CAN ATTEND THE TRAINING?
Leaders and Managers of profit and non-profit organizations with responsibilities that involve project management; current and intending Project Managers; new product development managers, project team members and functional managers who deal with project managers; matrix Managers, newly assigned project leaders and Research and Development Managers. Managers and Executives who wish to explore the abilities of being a as well as an effective Manager through adequate Project Management skills are also target participants.
COURSE DURATION AND FEE:
The price to the training intervention for a period of three (3) days is Eighty-five thousand naira (#85,000) per participants. Under the following assumptions
- CERTIFICATION EDGE will not be responsible for the training venue and feeding of participants.
- The class will contain a minimum of 20 participants.
- Cost does not include VAT