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This course will give the participant a solid introduction to cost planning and benefits management.
The introduction of benefits offsets the more technical elements of budgeting, allowing for a varied and informative day.
All resources allocated to a project will be discussed, backed up by a continued case study to give a realistic outlook to the days theories.
Content
- Review of the basic project lifecycle
- Programme Management
- Benefits management
- Resource allocation
- Histograms
- Cumulative cost ‘S’ curves
- Introduction to Earned Value Analysis
Prerequisites
None
Expected Outcomes
The day’s objectives are to take the participant from the project schedule in Gantt format to a costing model. This will take the form of a cumulative graph in preparation for the project to move from planning to execution.
Linking the project to its business benefits will be a constant throughout the day, giving a ‘big picture’ understanding of overall goals of the project.
The foundations for these techniques will be laid and used to introduce baselining as a precursor to monitoring and control. The day will prepare the participant to assess the cost and benefit for each project, establishing a reliable base to carry out the tracking and control of any project.
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