Tel: 08-506 668 00
 
 

Project Budgeting and Estimating: Taking Control of Your Projects

Kurs: 923     Typ: RealityPlus     Längd: 3 dagar
Boka direkt  

Denna kurs är schemalagd endast i UK. Däremot kan vi hålla den företagsinternt på plats hos er. Ring 08-506 668 00 eller skicka oss en förfrågan genom att klicka här.

You Will Learn How To

  • Create an accurate budget for any level of work from individual project tasks to entire portfolios
  • Estimate tasks using activity-based costing, and aggregate to project budgets
  • Quantify risk to justify contingency funding and produce a defencible baseline
  • Manage the programme budget, allocating funds to projects with the best rate of return
  • Align the organisation's budget with the customer value proposition and strategic objectives
  • Leverage Earned Value Analysis to determine project status, forecasts and any necessary corrections

Course Benefits
Project managers are under constant pressure to deliver their projects under budget, yet projects in every industry often exceed their original budgets. This course provides the skills to estimate realistic budgets for completing planned project scope. You also learn how to leverage an approved baseline budget to support the organisation's strategic objectives.

Who Should Attend
Anyone who wants to learn about budgeting, including project and programme managers, department managers and team members. Project management experience at the level of Course 296, "Project Management: Skills for Success", or Course 340, "Project Management for Software Development", is strongly recommended.

RealityPlus
Through an authentic case study-based simulation, you gain experience creating and managing a budget on a large-scale project. Role-playing, individual and team activities include:

  • Estimating individual task costs using various tools
  • Conducting peer reviews of individual estimates
  • Categorising costs
  • Building the budget baseline
  • Adding contingency funding
  • Creating an earned value performance report
  • Forecasting and recommending next steps
  • Determining projects to fund
  • Identifying budget policy violations
  • Constructing a cash flow
  • Leveraging lessons learned

Course Content

Introduction to Project Budgeting and Estimating
  • Preparing realistic budgets
  • Burning through a project budget
  • What's in it for me: living within your budget
Aligning Budgets from Small to Large
Structuring budgets and defining roles
  • Delegating individual budgeting activities
  • Connecting project, programme and business budgets
Leveraging the four functions of the budget
  • Planning and justifying the project
  • Coordinating and communicating between stakeholders
  • Monitoring progress
  • Evaluating budget performance
Cost Estimating at the Individual Task Level
Activity-Based Costing (ABC)
  • Working with the Cost Breakdown Structure (CBS)
  • Relating the CBS to the budget based on the organisation's standards
Categorising costs
  • Determining activity-level direct, indirect and other costs
  • Aggregating tasks up to total individual costs
Project-Level Budgeting
Mapping to the project life cycle
  • Correlating budget detail to the life cycle stage
  • Producing deliverables that facilitate phase-gate decisions
Working with estimation tools
  • Adjusting an analogous estimate to suit your current project
  • Calculating the budget using parametric Cost Estimating Relationships (CERs)
  • Increasing confidence levels with three-point estimating
Incorporating project-level cost categories
  • Accounting for resource commitment levels
  • Collecting individual cost estimates
  • Adding in overhead and general and administrative costs
Forming the interim cost baseline
  • Determining the Total Project Cost
  • Managing the team's estimation process
  • Setting the standard of estimation
  • Conforming to granularity and accuracy requirements
Quantifying Risk and Finalising the Baseline
Analysing quantitative risk
  • Assessing probability
  • Establishing the monetary value of the impact
Allocating a contingency budget
  • Prioritising risks using a Pareto analysis
  • Locating and controlling contingency
Declaring and revalidating project value
  • Valuating hard and soft savings
  • Stating the customer's value proposition for baseline approval
Allocating Programme Funds
Deriving the content of the programme budget
  • Generating the Rough Order of Magnitude (ROM) estimate
  • Applying PERT analysis to the entire project
Defending your project budgets
  • Calculating rate of return
  • Balancing project and opportunity costs
Creating a Master Budget for the Business Unit
Strategic positioning
  • Gauging your competition
  • Trading off costs and benefits for maximum return
Forecasting future values
  • Calculating potential results using decision trees
  • Making predictions using Net Present Value (NPV)
Managing cash flow
  • Constructing the balance sheet
  • Graphing your cash expenditures
  • Conforming to imposed budget constraints
Improving the organisation's budgeting process
  • Controlling quality with SWOT and Lean Six Sigma
  • Applying Kaizen for continuous process improvement
  • Impacting the organisation's bottom line
Measuring Budget Performance with EVA
  • Performing budget-based Earned Value Analysis (EVA)
  • Correcting for variance from baseline
  • Forecasting budget performance based on actuals
  • Determining when to re-baseline

Liknande kurser


RealityPlus is a trademark of Learning Tree International.
 
  

Önskar du mer information?

Förnamn*:

Efternamn*:

Funktion:

Internadress:

Företag*:

Adress*:

Ort*:

Postnummer*:

Land* :
   Landskoder
Telefonnummer*:

E-post*:

* = Obligatoriskt

När vi tagit emot ditt formulär tar vi kontakt med dig via e-post eller telefon.

Spara upp till 45 %
Project Budgeting and Estimating

 
Storbritannien

London23 - 25 juni, 2010
London20 - 22 okt, 2010
London16 - 18 feb, 2011

Se fullständigt schema för kurser i klassrummet.
 
Företagsintern utbildning
Denna och andra Learning Tree-kurser kan ges företagsinternt hos er.
 

 
RealityPlus
Klicka här för mer information.

Kurspriser
18 450 kr Ord. Pris
kurspriser med
rabattprogram
12 000 krMed Flex-Treklöver
12 225 krMed Fyrklöver
14 000 krMed Företagskort -
10-kort
12 375 krMed ProPack 40
Alla priser i SEK, exkl moms.

 
"I enjoy the style of Learning Tree Courses above and beyond others available in the industry. My principal objective in attending a Learning Tree Course is not to learn 'everything' about a topic but to jump-start my own learning. I get a well-rounded overview of a subject that provides the most salient points and how I can apply them to my own work. The new skills acquired in the classroom provide me with an excellent head start".
 
ISPI logo
 
PMI 17 PDU

Using the PMBOK® Guide to Build a Practical Project Management Process

RealityPlus™ - Ökat värde med inlevelsebaserad utbildning
 
Kundservice och kursbokning: 08-506 668 00