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Project Management 101 - The Fundamentals of Project Management

The Triple Constraint or Project Management Triangle shows how scope, time and cost all affect project quality. Gaining an understanding of this relationship will help you improve project quality, increase the likelihood of project success, and help you deliver more projects on-time and within budget.

This course will give you a fundamental understanding of how to manage a project with proven concepts, tools, templates and best practices. Starting from the beginning, you will first learn to properly define a project, and then move into understanding the different project methodologies, including Waterfall, Agile and Iterative project management. Designed for both people new to the project management role, as well as seasoned PMs, hands-on group exercises will encourage collaboration between these different experience levels furthering the learning experience through peer collaboration.

Available formats for this course
In-Person
Live Online
Corporate
Corporate Online
Duration
2 days/16 hours of instruction
Education Credits
14 PDUs
1 RMP PDUs
2 SP PDUs
14 PDUs

Part 1: What is Project Management?

  1. What is a Project?
  2. The Process Groups
  3. The Project Management Life Cycle
  4. The Triple Constraints Triangle
  5. Project Manager Skills
  6. The Project Life Cycle
  7. Different Project Methodologies
  • Waterfall
    • Agile
    • Iterative

Part 2: Starting the Project

  1. Elements of a Project Charter
  2. Sharing a Common Vision
  3. Requirements Gathering
  4. The Three Levels of Project Requirements
  5. Sources of Requirements

Practice Exercise 1: Identify High Level Requirements

Part 3: Communications Management

  1. Stakeholder Analysis
  2. Power/Interest Grid

Practice Exercise 2: Stakeholder Analysis

Part 4: Planning the Work

  1. Develop the Project Management Plan
  2. Subsidiary Management Plans
  3. Scope Baseline
  4. Schedule Baseline
  5. Cost Baseline
  6. Collect Requirements
  7. Project Scope Statement
  8. Decomposition
  9. Work Breakdown Structure

Practice Exercise 3: Create a Work Breakdown Structure (WBS)

Part 5: Define Activities

  1. Decomposition or Work Packages
  2. Decomposition of Tasks

Practice Exercise 4: Decompose Work Packages to Activities

Part 6:  Dependencies

  1. Project Schedule Network Diagram (Dependency Network)
  2. Precedence Diagramming Method (PDM)
  3. Dependency Determination

Practice Exercise 5: Develop a Dependency Network

Part 7: Estimating

  1. Estimating Activity Resources
  2. Estimating Activity
  • Analogous Estimating
    • Parametric Estimating
    • Compensation
  1. Work-Related Inefficiencies
  2. Non-Work-Related Inefficiencies
  3. Three-Point Estimates
  4. Develop Schedule
  5. Definitions of Critical Path
  6. Critical Path Method
  7. Schedule Compression

Practice Exercise 6: Analogous/Parametric Estimating with Compensation

Practice Exercise 7: Crashing

Part 8:  Project Schedule & Subsidiary Management Plans

  1. Network Diagram
  2. Bar Chart
  3. Milestone Chart
  4. Important Subsidiary Management Plans
  5. Human Resource Management Plan
  • Organizational Charts
    • Position Descriptions
    • Matrix-Based Responsibility Chart
    • Roles and Responsibilities
  1. Communications Management Plan
  • Communication Models

Practice Exercise 8: Active Listening

Part 9:  Risk

  1. Risk Management Plan
  2. Risk Planning
  3. Perform Qualitative Risk Analysis
  4. Risk Probability and Impact Assessment
  5. Probability & Impact Matrix

Practice Exercise 9: Qualitative Risk Analysis

Part 10:  Expected Monetary Value

Practice Exercise 10: Calculate EMV for a Group of Activities

Part 11:  Strategies, Calculations & Forecasting

  1. Strategies for Negative Risk or Threats
  • Control Costs
    • Earned Value Management
    • Planned Value
    • Actual Cost
  1. Cost & Schedule Performance Index
  2. Forecasting
  3. Estimates at Completion (EAC)
  4. To-Complete Performance Index

Practice Exercise 11: Perform Earned Value Calculations

Part 12:  Closing the Project

  1. Lessons Learned
  2. Project Sign-off
  3. Final Product/Service Transfer

Project Management 101 - The Fundamentals of Project Management Schedule

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