Course Description
Integrating Cost and Schedule (APPEL-ICS)
Audience
This course is designed for experienced project managers who are already subsystem leads or managers of small projects and who are preparing to perform as a project manager of a more complex project (multiple distinct subsystems, or other defined services, capabilities, or products) with associated interfaces.
Goal
This two-day course is geared toward increasing project managers’ proficiency in dealing with the cost and schedule aspects of project management.
Learning Methods
Learning will take place through a series of lectures, discussions, exercises, case studies and demonstrations.
Specific Objectives
Upon completion of this course, participants will be able to:
- Understand the importance of cost and schedule management to mission success.
- Identify the various schedule communication tools and their implications.
- Plan and manage within the realities of current Federal budget environment.
- Conduct Baseline and Reserve planning through Range estimates.
- Explain techniques to effectively communicate cost and schedule.
- Discuss how to integrate cost and schedule with Earned Value Management (EVM).
- Illustrate a schedule problem flight project teams might face and formulate possible workaround plans to solve it.
- Develop strategies for effectively dealing with complex inter-organizational conflicts.
- Develop skills for successful budget justification.
- Assess project performance based on limited cost, schedule and EVM of a project.
- Gain insight into evaluating projected final cost of a project.
- Communicate project performance status to senior management.
Notes
This course is registered by the Project Management Institute (PMI) for 15 Professional Development Units (PDUs). PMI Course ID: ICS013
