Cost and Schedule Control

Cost and Schedule Control

Tanggal
22-23 Februari 2010

Jam Pelaksanaan
08.30-16.30 WIB

Tempat
Menara Kadin Lt 24
Jakarta

Biaya
Rp. 2.750.000,-/ peserta

Where do I start and how to control my project cost?

Topics discussed:

1. Project Control Cycle and processes
2. Procedures for establishment of cost & schedule baseline plan
3. Monitoring, tracking of cost and schedule progress
4. Change Control System
5. Cost and schedule reporting and Analysis
6. Schedule control Measures
7. Cost Control Measures ( related to direct material cost – direct labor – indirect – subcontract – and overheads)

Facilitated by certified Project Management consultant who has over 20 years in project control in diverse project undetakings including overseas assignment with Aramco Saudi & AECOM program in North Africa. — Cases simulation uses both Cost Engineering techniques and Earned Value analysis

Project Cost & Schedule Control
Only a profitable organization can remain “on the scene”, and manage succesful project compeltion.
A company can only re-invest the anticipated profit margins if it employs a PROJECT CONTROL system that provides employees a framework to effectively control key milestones and expenditures on contracted work.
The key secret: ‘CONTROL’ is a PRO-ACTIVE activity. It requires that an influence be exercised that positively affects the outcome. This means that the person seeking to control a project must take ACTION based on a well-defined plan, as opposed to REACTING to events after they have happed.

Control is not about fixing problems as much as about preventing problems and causing desired outcomes.
This two-day course provides an insight into the project control environment for small, medium, to large projects either within a multiple or single project environment; presents the necessity of planning and how to establish the baseline plan for both cost and schedule; teaches fundamentals of cost and schedule monitoring, and provides for project controls including status, progress, updates, variances, forecast, and measuring project performance

COURSES OUTLINE
1 Project Management overview & business challenges
Discussion of business challenges and how project management provides effective solution to stay ahead of competition Slide presentation, sharing experience, reference success story

2 Project Control Cycle
Work flow chart, process chart, control matrix, Brainstorming using OPERA method, open discussion

3 Procedures for Establishment of cost & schedule baseline
Step by step process to prepare job plan and budget, review and verify plan with client’s requirement and company resources, cost and schedule optimization, Tools & techniques: milestone chart, CPM master scheduling, bottom up budgeting, check list, Group exercise using real case

4 Monitoring, tracking of Cost and schedule progress
Monitoring tools, project information system, use of project WBS elements and cost accounts, updating and validation of data, Group exercises using templates

5 Change Control System
Control guidelines, identification and recording of potential change, process mapping, work flow skeleton, Real case group exercises

6 Cost and schedule Reporting and Analysis
Report requirements, report format, performance reporting,
Tools & techniques: performance measurement, Earned Value system, variance analysis, forecast of final cost & schedule, Individual assignment, group exercise & presentation

7 Schedule control Measures
Focus project manager attention and effort to ensuring all project deliverables are completed on time, within budget, and to accepted quality, At the same time, focus to manage potential changes impacting successful completion of project Tool- echniques: prog. review meeting, variance analysis Case study & discussion

8 Cost Control Measures for direct material cost – direct labor – indirect – subcontract &overheads)
To function cost control according to work priority, meeting business objective, and apportion of cost category
Tool & techniques: progress review meeting, variance analysis,
Case study and open discussion

Note: customization to industry specific application requires inputs from users as well as the agreement of control requirement

Objectives:

1. Participants are expected to be able:
2. To explain the project control cycle
3. Prepare cost & schedule baseline
4. Measure and analyze cost/schedule performance
5. Manage influencing factors impacting final completion and cost of project
6. Take preventive actions prior to incurrence of unnecessary costs