Master Class in Project Management

Short Course Description:
The course “Master Class in Project Management”, is an in depth course in Project Management including necessary knowledge related to financial parameters, decision making, and linear programming which help you understand the principles of project selection and will help you evaluate project progress during execution and how to eveluate changes.

The course Masterclass in project Management goes beyond the classical project management courses. It provides you with strategic knowledge to optimize project selection, communication with other functions like finance, operations, procurement, and your customers. The knowledge you wil gain, will help you to differentiate from your peers and prepare for a career not only in project management but in general management and leadership.

Project Management has become a need for any company to survive in these fast-changing times. Successful projects drive companies and determine their success over other companies.

This course follows PMI standards and terminology. It is a practical application of how the project should be run to be successful. Training has been defined as a major contributor to the success of projects. This training will provide you with all you have to do in a logical and step-by-step approach.

The Master Class in Project Managent starts with inroducoingt financial term which you need to evaluate the financial performance of projects, decision making principles which will help you make decisions in an objective way, linear programming as an enabler to optimize complex decisions related to working efficiency, followed by evaluating where projects come from and how projects are selected. This is followed by definitions of important terminology every project manager should know about and after the introduction of the project management process and life cycle, the project is divided into 10 logical steps that will help you to make your projects a success.

The course guides you throuth the cassical way to conduct project management but is beying waterfal and Agile since it advicates “agility”, hence the way to adjust the plan to changing circumstances in order to assure project success. It also introduces the principles in adaptive environments, and how to select the best way to manage the project and identify it. The course ends with the method of Critical Chain Project Management which was also developed at the end of the 20^th century.

Projects and the Project Management environment change constantly. Project Managers have to adjust to these changes constantly. Since the industry went “lean”, the lean revolution also influenced projects and project management. Lean principles have changed the way projects are done today. Project Management was typically done in a deterministic way, using waterfall, and that lead to problems in many projects. A deterministic approach is NOT flexible and changes are discouraged, complex and even avoided even when they would be necessary. The deterministic approach has led to project disasters in a specific type of project. In an adaptive approach, lean approach, projects are managed differently, there is more freedom to manage changes. Although people tend to select either Waterfall or Agile, the best way to lead project is by “Agility”, hence embracing changes and flexibility when it is necessary.

After completing the course, you will have reviewed more than 80% of the tools and techniques that are described in the PMBOK, sixth and seventh edition. Taking this course will prepare you for your future certification exams and of course for your new job as Project Manager. The practical and logical approach of this course will give a head start over your colleagues and competitors for promotions and jobs.

The course Project Management Tools and Techniques are based on PMI terminology and follow the PMBOK, sixth edition. You can use the certificate of the course to claim the training hours for your certification application or for claiming PDUs when you are PMI certified. The course contains about 35 hours of video materials, additional tests after each section, and a final test at the end of the course, in total 15 hours for tests. During the course, you will have the opportunity to complete practical exercises that will give you even more practical training time.

Those of you who want to claim the training time or PDUs for certification at the PMI can claim the total course time of 50 hours or PDUs. In case you are audited, you can contact us to give you the certification to prove your participation in this course in addition to the course cerrificate that you receive at the end of the course.

When you claim PDUs or use the course to specify your formal training you can use the following information to complete the application related to the talent triangle:

Provider: De Ceuster Academy @ APraCom, s.r.o.

Technical: 25
Strategic & Business: 15
Leadership: 10

Content

• Introducing Project Management Definitions, Terms, and Terminologies
• Projects and Financial Parameters for project Selection
• Decision Making Principles for Projects
• Principles of Linear Programming and Case Studies
• Project Management Definition and Terminology
• Project Management Principles
• The Project Management Process and Life cycle and the Ten Steps
• Project Initiation, Definitions, and the Project Charter
• Requirements, Scope, WBS, and Creating Activities
• Determine Resources, Roles, and Responsibilities and Develop estimates
• Define Task Interdependencies, Create the Schedule and Identify the Critical Path
• Project Duration Methods: Activity Crashing and Fast Tracking
• Develop the Project Schedule and Gantt Charts
• Add Resources to the Activities and Resolve Resource Issues
• Calculate Costs, Project Budget, and Cost Related EVM Parameters
• Uncertainty and Risk Management in Projects
• Develop a Risk Management Plan
• Project Execution, Follow up and Reporting
• Project Close-Out Phase and lessons learned
• Introducing Agile Project Management
• Critical Chain project Management
• Course Review
• Case studies/Exercises
• Intermediate and Final Tests
• Certificate of Successful Completion

Learning Outcomes
At the end of the course, the participants will be able to:

• Apply financial parameters to project management to ensure financial project evalautions to determine the profitability and select the best projects.
• Utilize different decision making methodsto select between projects and solutions
• Interpret complex situations using Linear Programming
• Define and describe what a project is and what the major steps are to define, plan, execute, monitor & control and close out a project
• Paraphrase the main terminology related to projects according to the PMBOK® Guide, Sixth Edition, 2017 and PMBOK® Guide, Seventh Edition, 2021
• List the main steps in the project life cycle: define, plan, execute, monitor and control, and closeout
• Decompose a project, create a Work Breakdown Structure (WBS) and identify tasks to complete
• Create a project schedule using the Precedence Diagramming Method, calculate and interpret the critical path
• Allocate resources to Activities and calculate the duration and cost of individual tasks
• Calculate the time-phased and cumulative budget and S-curve
• Determine the critical path position of the project
• Identify, Qualify and Quantify Project Risks
• Create a risk management plan
• List the advantages and disadvantages of projects
• Describe the main charactics of Agile principles in Project Management
• Evaluate the effects of human nature on project duration estimating and Critical Chain Project Management
• Apply the tools and techniques on an in-class project and projects in your company