Global Learning for Operational Leaders
Course PM-006
Project Scheduling & Cost Planning Skills
Time and money are among the most valuable resources in organizational life and often serve as critical success criteria... The outline covers Project Estimating Basics, Developing Project Budget & Schedule Control, Mana...
- 5 daysClassroom or online
- 14Upcoming dates
- 14Cities
- €1,625Fees from
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Time and money are among the most valuable resources in organizational life and often serve as critical success criteria for projects. Given their finite nature and the fact that they cannot be reclaimed once spent, effective management of these factors is crucial. This Project Scheduling & Cost Planning Skills training course delves into strategies for managing both time and budget while balancing other key elements such as quality, resources, and risk. You will explore estimation techniques relevant to various stages of the project lifecycle, learn how to derive the overall cost and timeline, and ensure these align with project constraints. The course also covers how to address the uncertainty inherent in estimates through proactive risk management and reactive issue resolution techniques.
Training Objectives
This training course enables attendees to:
Estimate Timescales, Costs and Resources for Project Work
Determine the Overall Project Schedule and Cost Plan
Apply Risk Management Techniques
Monitor and Analyse Project Timescale and Cost Performance
Derive Corrective Actions to Maintain the Integrity of Project Limits
Who should attend
Target audience
- Existing Project Managers
- New Project Managers
- Project Management Team Members
- Project Team Members
- Project Estimators
- Project Finance Professionals
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Project Estimating Basics
- Basic project management definitions
- Triple constraints – Time, Cost, Scope
- Project selection methods
- Coffee break
- Project selection methods (continued)
- Defining project scope
- Cost & schedule estimation, Cost budgeting & control
- Project schedule management using the Critical Path Method
Day 2
Developing Project Budget & Schedule Control
- Resource requirements
- Direct & indirect project costs
- Planning and scheduling limited resources
- Coffee break
- Planning and scheduling limited resources (continued)
- Options for accelerating the schedule
- Crashing the schedule - How?
Day 3
Managing the Risk
- Risk identification, analysis & management
- Contingency reserve
- PERT, probability and standard deviation formulae
- Network activity risk profiles
- Coffee break
- Network activity risk profiles (continued)
- Application: Estimating project duration
- Project risk strategies
Day 4
Measuring Project Performance
- Critical chain analysis and use of buffers
- Comparison of unbalanced with balanced schedules
- Measuring planned progress on schedule
- Coffee break
- Measuring planned progress on schedule (continued)
- Risk distribution in contracting
- Actual progress and work conditions
- Managing variable conditions
Day 5
Managing and Recovering Project Estimates
- Schedule variances & cost variances
- Progress control charts -trend analysis
- Schedule and cost variance forecasting
- Coffee break
- Schedule and cost variance forecasting (continued)
- Schedule and cost recovery analysis
- Schedule and cost recovery plan
- Project recovery baselines and controls
Course FAQs
Questions about this course
What participants and training managers usually ask before booking Project Scheduling & Cost Planning Skills. Can't find your answer?
What does Project Scheduling & Cost Planning Skills (PM-006) cover?
This course covers Project Management through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Existing Project Managers, New Project Managers, Project Management Team Members
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Barcelona, Dubai, Cape Town, Amsterdam, London, Istanbul, Munich, Paris, Frankfurt, Kuala lumpur, Rome, Vienna, Geneva, Madrid.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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