More and more engineering and technical professionals are making career transitions from product design into project management. This, however, requires formal training and a willingness to learn new skills. All the technical know-how in the world will not deliver a project successfully, i.e. with the required level of quality, within cost constraints and on time, without proper project management skills. Unfortunately very few engineering professionals have any degree of formal project management training, which results in a great deal of personal stress as well as cost blow-outs and other woes.

The lack of training often applies to the 'people skills' required for effectively leading the project team as well. To address this problem, the course will focus on the critical project related activities such as work breakdown, scheduling, cost control and risk management, and show how these can be performed with software to lighten the project manager's workload. The 'soft' (but equally important) aspects such as team leadership and contract law are also covered. All topics will be supplemented with practical exercises focusing primarily on the areas of electrical/electronic (including instrumentation) and mechanical engineering. If delegates wish to do so they can choose, as a basis for the practical exercises, small projects from their work environment so that they are familiar with the attributes thereof.

COURSE OBJECTIVES:

By the end of this course you will be able to:

  • Create quality project plans
  • Generate effective work breakdown structures
  • Create computerised PERT and Gantt charts for your projects, add and level resources, and monitor/report on your project effectively
  • Define appropriate cost reporting mechanisms for your projects  
  • Define, analyse and manage the risks associated with your projects  
  • Introduce appropriate quality management procedures
  • Keep your projects on track using the 'Earned Value Analysis' method  
  • Exercise an appropriate leadership style and keep team members creative and motivated  
  • Avoid the pitfalls caused by a lack of understanding of the legal issues pertaining to projects  
  • Use appropriate software to leverage your time and expertise  
  • Deal with projects that have a large degree of inherent uncertainty and/or a strong emphasis on timely completion  

Course Outline

MODULE 1: Introduction

  • Project definitions
  • Project life cycles
  • Professional Bodies of Knowledge
  • Project organizations
  • Project success criteria
  • Critical success factors

MODULE 2: Fundamentals

  • Quality project plans
  • Work breakdown structures
  • Assignment for Modules 1 & 2:
  • Developing a Work Breakdown Structure

MODULE 3: Time Management

  • Critical path method
  • Precedence method
  • Gantt charts

MODULE 4: Fundamentals

  • PERT charts
  • Resource levelling
  • Progress monitoring and control
  • Software Selection
  • Assignment for Modules 3 & 4: Generating PERT and Gantt charts

MODULE 5: Cost Management

  • Cost estimating
  • Estimating methods
  • Forecast final cost
  • Budgeting
  • Financial control
  • Change control
  • Assignment for Module 5:
  • Tracking cost variations

MODULE 6: Earned Value Analysis and Management

  • EVA/EVM concept
  • Definitions
  • Examples and case studies
  • Assignment for Module 6:
  • Calculating EVA parameters

MODULE 7: The Project Manager

  • Management vs. Leadership
  • Management/leadership theories
  • Cultural influences
  • Authority and power of the project manager
  • Project management functions
  • Project manager selection

MODULE 8: Quality Management

  • Quality concepts and definitions
  • Quality management fundamentals
  • Supply chain relationships
  • Quality assurance systems
  • ISO 9000:2005 quality system guidelines
  • Assignment for Modules 7 & 8: Quality structures and processes

MODULE 9: Risk Management

  • Definitions
  • Risk management
  • Risk identification
  • Risk analysis
  • Risk treatment
  • Assignment for Module 9: Risk analysis for given project

MODULE 10: Contractual Issues

  • The Commonwealth legal system
  • Attributes of contracts
  • Procurement strategies
  • Tendering
  • Extensions and termination of contracts
  • Remedies for breach
  • Assignment for Module 10: Questions on selected legal case studies

MODULE 11: Evaluation of Financing Options for a Project

  • Overview of Financial statements
  • Time lines of Money
  • Compounding
  • Discounting
  • Future Value of Money

MODULE 12: Time Value of Money and Related Concepts

  • Present Value
  • Present Values of Multiple Cash Flows
  • Net Present Value (NPV) of Multiple Cash Flows
  • Internal Rate of Return (IRR)
  • Assignment for Modules 11 & 12: Establishing Internal Rate of Return

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How can an e-learning course be interactive?

Boredom can be a real danger, however, we use an interactive approach to our e-Learning – with live sessions instead of recordings.  The webinar software allows everyone to interact and involves participants in group work; including hands-on exercises with simulation software and remote laboratories where possible.  You can communicate with text messages, or live VoIP speech, or can even draw on the whiteboard during the sessions.

 

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