|October 28 & 29, 2020||10:00 – 11:30 a.m. & 1:00 – 2:30 p.m.
|Virtual Classroom via Zoom|
A thorough course introducing key knowledge areas to successfully manage projects from start to finish. An introduction to over 45 concepts to meet or exceed project scope, cost, schedule, quality and safety objectives.
Session 4: Thursday, October 29 from 1:00 – 2:30 PM
Introduction/Managing Project Scope
Planning Project Scope, Stakeholder Management, Collecting valid project requirements
Work breakdown Structure (WBS) creation, dividing the project into manageable components
Validate Scope: Approval and Validation of project requirements
Control scope: Balancing scope with quality, cost and schedule
Managing changes to the original project scope
The Schedule Management Plan;
Work Breakdown Structure & Decomposition
Critical Path, Milestones, Schedule Float
Schedule Compression, Crashing & Fast Tracking
Activity Sequence, Relationships & Dependencies, Leads &Lags
Estimating duration; Analogous, Parametric, 3 point
Resource requirements, Smoothing & Leveling
Schedule Control; baseline, trending and forecasting.
Quality and Risk Management
Proactive Quality control, setting customer quality standards
Interpreting, measuring and meeting standards
The cost of Quality, Minimizing rework and waste
Avoiding “Gold plating”
Plan risk management, Risk Identification, Qualitative Analysis
Quantitative Analysis, Risk Response Planning, Monitor and Control Risk
Risk Owens, Audits, Risk Triggers, Secondary and Residual Risk, Risk Data
Cost, Stakeholder & Procurement Management
4 types of Cost Estimates: Weighted average estimating
Estimate Accuracy – Single point vs. Range estimating
Life cycle costs and Cost Components
Expected Monetary Value
Contingency and Management Reserve
Cost control tools & system, Earned Value vs% Complete reporting
Accurate Cost Forecasting, Best Practices
Facilitator: Ozzie Lomax
Ozzie is an adjunct instructor at Washington University’s Henry Edwin Sever Institute for the School ofEngineering & Applied Science. He has Project Management (PMP) and Risk Management Professional (RMP) Certifications, 38 years Energy, Operations, IOT and Engineering SME and is CEO of Lomax Consulting Group.
An important note:
Our goal in Learning and Development is to create the same level of rich engagement in our virtual classroom as we do in our in-person classes. Therefore, the day of the session:
- Ensure you’re in an environment that will allow you to participate fully! This will be an interactive session and your contribution is important.
- Turn off your email and phone notifications to avoid distractions.
- Be camera ready! Participants are expected to have their cameras on during the entire session.
- Have a pen and paper ready.
- Log in early to the session through the Zoom link that will be emailed to you prior to the session.