By the end of this programme, participants will:
- Understand the key principles and processes involved in strategic project management.
- Be equipped to plan, execute, and manage projects in alignment with organizational strategy and goals.
- Gain skills in risk management, identifying, analyzing, and mitigating project risks.
- Learn how to effectively allocate resources and manage project budgets to ensure successful project delivery.
- Understand the importance of stakeholder management and communication throughout the project lifecycle.
- Develop the ability to monitor and evaluate project performance, making adjustments to ensure desired outcomes.
WEEK ONE
Introduction to Project Management
- Defining Project Management and its scope
- Projects vs. Operations: Key differences
- Managing project constraints (Time, Cost, Scope)
- Applications of Project Management across industries
- Overview of the Project Life Cycle
- Defining project requirements (SOW, Specifications, Milestones, WBS)
Project Selection
- Introduction to Project Selection Models
- Capital Budgeting and Cost of Capital
- Financial metrics for project evaluation:
- Accounting Rate of Return (ARR)
- Payback Period (PP)
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
Project Organizing, Control, and Reporting
- Defining project roles and organizing teams
- Introduction to Earned Value Management (EVM)
- Managing schedule and budget variances
- Key Performance Indicators (KPIs)
- Project Management Reporting and Auditing
- Role of software tools in Project Management
WEEK TWO
Project Scheduling, Budgeting, Risk Management, and Program Management
Project Scheduling and Network Modeling
- Program Evaluation and Review Technique (PERT)
- Schedule compression techniques
- Critical Path Method (CPM)
- Managing Slack/Float and sequencing activities
- Forward and backward scheduling
- Resource Planning and Leveling strategies
Project Budgeting and Risk Management
- Cost Estimating Techniques
- Defining and managing project budgets
- Identifying project risks and risk analysis
- Risk Response Planning
- Managing Contingency and Management Reserves
Program Management and Stakeholder Engagement
- Roles of the Program Manager
- Identifying and managing project stakeholders
- Stakeholder Engagement planning and management
- Developing Program Work Breakdown Structure (WBS)
- Designing Program Schedule and Budget
