The course, titled "Project planning and execution management," is designed to provide a thorough exploration of Schedule management, Resource management, Risk Management and Cost management. In the First module, the course begins with a fundamental tool like bar charts, laying a strong foundation for project scheduling. Next, the learners will explore the network diagrams, strengthening their ability to construct and analyze them for effective project workflow management. Then focus is on activity duration estimates, which aims to equip the learners with techniques for accurate time predictions, essential for creating realistic project timelines. As we conclude, the learners will not only grasp the components of project scheduling but also gain practical skills to apply this knowledge in real-world situations. In the Second module, the learners will gain in-depth insights into the Critical Path Method (CPM), a tool for identifying the sequence of tasks critical for project completion. The course will guide the strategic use of lead and lag time in task dependencies, allowing learners to fine-tune project schedules for optimal efficiency without impacting project timelines. The course will also cover the Precedence Diagram Method (PDM), offering you a powerful tool to visualize and analyze task relationships. In the Third module, the course begins with a deep understanding of resource allocation, a fundamental concept in project planning. The learners will explore strategies to efficiently assign resources, ensuring optimal utilization while meeting project goals. The learners will learn techniques to balance workloads, avoiding resource overloads or underutilization, resulting in a more efficient and sustainable project plan. Leaners will go through methods such as crashing and fast-tracking, enhancing their ability to meet tight deadlines without compromising quality. In the Fourth module, the course begins with the essentials of cost management, learning how to meticulously estimate, budget, and analyze project costs. The course will cover the intricacies of cost estimation, guiding participants on accurate methods to forecast project expenses. A significant portion of the course will be dedicated to Earned Value Management (EVM) analysis, a powerful tool for measuring project performance. In the Fifth module, the course begins with identification of potential risks that could impact project success. Then, the learners will explore strategies for effective risk allocation, ensuring a balanced distribution of responsibilities to mitigate and address potential threats. The course will delve into the intricacies of risk analysis, equipping learners with techniques to assess the likelihood and impact of identified risks. The course will be dedicated to understanding various risk response strategies, from risk avoidance and mitigation to acceptance and transfer.
Resource Allocation and Resource Levelling
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Skills You'll Learn
Comprehend the Program Evaluation and Review Technique (PERT), enabling them to apply probabilistic project scheduling methods., Develop and implement risk response plans, covering a spectrum of strategies from avoidance and mitigation to acceptance and transfer of risks., Understand and interpret bar charts with precision., Understand the Critical Path Method (CPM), to identify critical paths and effectively manage tasks to optimize project timelines., Understand the various cost estimation methods for forecasting project expenses, Expertise in creating network diagrams to represent and manage project workflows efficiently.
From the lesson
Resource Management and PERT
Taught By
Subject Matter Expert
L&T Edutech