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Event Series Event Series: Project Scheduling and Cost Control

Project Scheduling and Cost Control

May 20 - May 22

project scheduling training

Why Choose this Training Course

This is a 3-day project scheduling training.

Develop effective measures for scheduling and controlling projects as you put the tools of project management to work. In this project scheduling training course, you’ll focus on managing the constraints you face in any project: limits on time, human resources, materials, budget and specifications. Discover proven ways to work within your identified constraints, without letting predefined limits curtail creativity or innovation.

From the opening morning, you’ll get hands-on experience, practicing your skills in building project requirements and the work breakdown structure. You’ll learn a sound, logical framework for scheduling and controlling project activities. And you’ll master techniques for estimating, forecasting, budgeting, monitoring, controlling, analyzing, and reporting costs and interpreting the meaning of earned-value data.

Individual and small-group exercises feature scenarios that help hone these skills, and a comprehensive toolkit provides practical field guidance. The course materials also include comprehensive reference materials specific to each unit of the course.

Discover a number of sophisticated tools and techniques that you can use to manage time and costs effectively on every type of project

Who Should Attend

  • Project Managers
  • Cost Estimators
  • Individuals involved with the contractual aspect of projects
  • Project finance individuals
  • Anyone who wished to gain a deeper understanding of the project cost management function

Key Learning Objectives

Essential Background

  • Overview of the project management life cycle
  • The triple constraint
  • Planning tools
  • Project requirements—a review
  • The work breakdown structure—a review

Resource Allocation and Estimating

  • Using estimates for scheduling and cost control
  • The basic rules of estimating
  • Levels of estimating and estimate types
  • Top-down vs. bottom-up
  • Order of magnitude
  • Budget
  • Definitive
  • Four estimating methodologies
  • Identifying controllable costs
  • Resource
  • Material
  • Direct
  • Indirect
  • Planning for risk with contingency
  • Building the project resource pool
  • Using resources to build estimates
  • The responsibility matrix
  • Time-controlled estimates
  • Resource-limited estimates


  • Network scheduling
  • Validating schedules
  • Arrow diagrams and precedence diagrams
  • Basic scheduling and network calculations
  • Advanced precedence relationships and the critical path
  • Alternative constraints
  • Gantt and milestone charts

The Baseline

  • Establishing baselines
  • Understanding types of baselines
  • Time-phased distribution of costs
  • Cumulative cost curves

Managing Change Within the Project

  • The process of control
  • Identifying sources of change
  • Screening change
  • Updating the project plan
  • Communicating change

Evaluation and Forecasting

  • Causes of variances
  • Establishing the “data date” for evaluation
  • Controlling costs and schedule late in the project
  • Components of the project audit
  • Considerations in establishing a monitoring system
  • Earned value
  • Advanced earned-value forecasting tools

The Exit Strategy

  • Steps in completing the project
  • Scope verification
  • Contract closeout
  • Administrative closure

Enquiry Form

  • This is just an approximate number. You can finalise it when you send in the registration form.


Kuala Lumpur
Federal Territory of Kuala Lumpur,Kuala LumpurMalaysia


Opus Kinetic Pte Ltd
+65 6294 6415
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