Master Class in Project Management for RIVA Training Centre

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Short Course Description:
The online 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 evaluate changes.

The course Masterclass in Project Management goes beyond the classical project management courses. It provides you with strategic knowledge to optimize project selection, and communication with other functions like finance, operations, procurement, and your customers. The knowledge you will gain will help you differentiate from your peers and prepare for a career in project management, general management, and leadership.

Project management is necessary 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 Management starts with introducing financial terms which you need to evaluate the financial performance of projects, decision-making principles that will help you objectively make decisions, 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 also introduces the principles in changing environments and focuses on “Agility” or adapting the project approach to the project needs. The course ends with the method of Critical Chain Project Management which was also developed at the end of the 20th century.

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.

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. You can claim 45 hours or 45 PDUs as based on the talent triangle, this means:

Technical: 20
Strategic & Business: 15
Leadership: 10

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

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 evaluations to determine profitability and select the best projects.
  • Utilize different decision-making methods to 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, Qualif,y and Quantify Project Risks
  • Create a risk management plan
  • List the advantages and disadvantages of projects
  • Describe the main characteristics 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

Course Content

Course Introduction
Introducing Master Class in Project Management
Introducing Ir. Luc De Ceuster, PMP
Content of the Course Master Class in Project Management
Learning Outcomes of Master Class in Project Management
Recommendations
I want to be a Project Manager!
Conclusions and Review of the Introduction
Lesson 1 - Finance and Projects
PMMaster 1.01: Content of Lesson 1 1 Topic
Lesson Content
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PMMaster 1.02: Learning Outcomes of Lesson 1
PMMaster 1.04: Overview of Basic Financial Parameters (ROI and PBT)
PMMaster 1.05: Projects and Time Value of Money
PMMaster 1.06: Projects and Future value of Money
PMMaster 1.08: Manual Calculation of the NPV
PMMaster 1.09: Defining the Internal Rate of Return
PMMaster 1.11: The Palm Tree Dilemma
PMMaster 1.12: Limitations of the IRR
PMMaster 1.13: Review of Lesson 1 1 Quiz
Lesson 2 - Decision Making and Projects
PMMaster 2.01: Content of Lesson 2 1 Topic
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PMMaster 2.02: Learning Outcomes of Lesson 2
PMMaster 2.03: Overview of Decision-Making Methods
PMMaster 2.04: Break Even and Make or Buy Analysis
PMMaster 2.05: Principles of Formal Decision-Making
PMMaster 2.06: Decision Making under Certainty
PMMaster 2.07: Decision Making under Uncertainty – Laplace
PMMaster 2.08: Decision Making under Uncertainty – Least Regret
PMMaster 2.09: Decision Making under Risk
PMMaster 2.10: Opportunity Loss
PMMaster 2.11: Principles of a Decision Tree and Example
PMMaster 2.12: Decision Matrix Principles and Application
PMMaster 2.13: Review of Lesson 2 1 Quiz
Lesson 3 - Linear Programming for Projects
PMMaster 3.01: Content of Lesson 3
PMMaster 3.02: Learning Outcomes of Lesson 3
PMMaster 3.03: Overview of Linear and Integer Programming
PMMaster 3.04: Basis of LP/IP and Linear Inequalities
PMMaster 3.05: Finding the “Feasibility” Zone
PMMaster 3.06: Linear and Integer Programming: Rules and Conditions
PMMaster 3.10: Simplex Method for Maximisation Problems
PMMaster 3.13: Minimisation problem: Minimising the Objective Function
PMMaster 3.14: Simplex Method for Minimisation Problems
PMMaster 3.15: Possible Issues with Linear Programming
PMMaster 3.16: Review Lesson 3 1 Quiz
Lesson 4 - Project Management Definition and Terminology
PMMaster 4.01: Content of Lesson 4
PMMaster 4.02: Learning Outcomes of Lesson 4
PMMaster 4.03: Examples of Projects
PMMaster 4.04: What is the Definition of a Project?
PMMaster 4.05: Projects and Preparation
PMMaster 4.06: Projects, Programs, and Operations
PMMaster 4.07: Leaders, Managers, and Projects
PMMaster 4.08: The Functions of the Project Manager
PMMaster 4.09: The Project Management Process
PMMaster 4.10: Defining Project Management
PMMaster 4.11: Skillset of the Project Manager
PMMaster 4.12: Benefits of Project Management
PMMaster 4.13: The Scope Triangle
PMMaster 4.14: Creep, Gold Plating, and the Pain Curve
PMMaster 4.16: Power of the Project Manager
PMMaster 4.17: Review Lesson 4 1 Quiz
Lesson 5 - Project Management Principles
PMMaster 5.01: Content of Lesson 5
PMMaster 5.2: Learning Outcomes of Lesson 5
PMMaster 5.03: Origin of Projects
PMMaster 5.04: Evaluating Different Solutions and Project Selection
PMMaster 5.05: The Project and the Business Case
PMMaster 5.06: The Project Management Process
PMMaster 5.07: Progressive Elaboration and the Rolling Wave Approach
PMMaster 5.08: Lean Principles in Project Management
PMMaster 5.09: Other Project Environments
PMMaster 5.10: PMI Process Groups and Processes
PMMaster 5.11: PMBOK 7th Edition, 2022
PMMaster 5.12: Review Lesson 5 1 Quiz
Lesson 6 - The Project in Ten Steps
PMMaster 6.01 -Content of Lesson 6
PMMaster 6.02 – Learning Outcomes of Lesson 6
PMMaster 6.03: The Project Management Process and the Ten Steps
PMMaster 6.04: Process Step Initiation and Step 1
PMMaster 6.05: Process Step Planning and Steps 2 to 8
PMMaster 6.06: Process Step Execution, Monitor and Control and Step 9
PMMaster 6.07: Process Step Closing Project or Phase and Step 10
PMMaster 6.08: Completing the Ten Project Management Steps
PMMaster 6.09: Projects and Quality Management
PMMaster 6.10: Project and Procurement Management
PMMaster 6.11: Projects and Communications Management
PMMaster 6.12: Projects and Stakeholder Management
PMMaster 6.13: Review Lesson 6 1 Quiz
Lesson 7 - Project Initiation, Definitions, and the Project Charter
PMMaster 7.01 – Content of Lesson 7
PMMaster 7.02: Learning Outcomes of Lesson 7
PMMaster 7.03 – Origin of and Selecting Projects
PMMaster 7.04 – Identification and Analysis of Stakeholders
PMMaster 7.05 – Parameters for Project Identification
PMMaster 7.07 – Defining Project Success
PMMaster 7.08 – The Project Definition Process
PMMaster 7.09 – Project Definition Step 1
PMMaster 7.10 – Project Definition Step 2
PMMaster 7.12 – A Model Project Charter 1 Topic
Lesson Content
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PMMaster 7.13 – The Lexus Case Study 1 Topic
Lesson Content
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PMMaster 7.14: Review Lesson 7 1 Quiz
Lesson 8 - Requirements, Scope, WBS, and Creating Activities
PMMaster 8.01 – Content of Lesson 8
PMMaster 8.02 – Learning Outcomes Lesson 8
PMMaster 8.03 – Identifying the Requirements
PMMaster 8.04 – Project and Product Scope
PMMaster 8.05 – Decomposing the Project
PMMaster 8.06 – Building the Work Breakdown Structure
PMMaster 8.07 – The WBS and the WBS Dictionary
PMMaster 8.08 – WBS for Building a House
PMMaster 8.09 – WBS for a Holiday
PMMaster 8.10 – From Work Packages to Activities
PMMaster 8.11 – Different Uses for the WBS
PMMaster 8.12: Review of Lesson 8 1 Quiz
Lesson 9 - Roles and Responsibilities, Estimation
PMMaster 9.01 – Content of Lesson 9
PMMaster 9.02 – Learning Outcomes of Lesson 9
PMMaster 9.03 – Identifying Resources to Complete Activities
PMMaster 9.04 – Linking Resources to Activities
PMMaster 9.05 – Fixed Duration and Resource Dependent Activities
PMMaster 9.06 – Estimating Activity Duration
PMMaster 9.07 – Mandatory, Discretionary, and External Dependencies
Lesson Content
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PMMaster 9.09 – Adding Resources to Activities and the Crash Point
PMMaster 9.10: Review Lesson 9 1 Quiz
Lesson 10 - Dependencies, Precedence Diagramming, and the Critical Path
PMMaster 10.01 – Content of Lesson 10
PMMaster 10.02 – Learning Outcomes of Lesson 10
PMMaster 10.03 – Ordering Activities Chronologically
PMMaster 10.04 – Overview of Different Diagramming Methods
PMMaster 10.05 – The Gantt Chart: History, Origin, and Usage
Lesson Content
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Lesson Content
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PMMaster 10.08 – Different Precedences, Leads, and Lags
PMMaster 10.09 – Calculations starting from 0 or 1? Formulas
PMMaster 10.10 – Developing the Arrow Diagram
PMMaster 10.11 – Developing the Precedence Diagram
PMMaster 10.12 – Identifying the Different Paths through the Network
PMMaster 10.13 – Describing the Critical Path Method
PMMaster 10.14 – CPM: Creating the Precedence Diagram with the PDM
PMMaster 10.15 – CPM Forward Pass: Calculate Early Start and Finish
PMMaster 10.16 – CPM Backward Pass: Calculate Late Start and Finish
PMMaster 10.17 – CPM: Calculate Slack or Float
PMMaster 10.18 – CPM: Finding the Critical Path
PMMaster 10.19 – CPM: Creating the Precedence Diagram with the ADM
PMMaster 10.23: Review Lesson 10 1 Quiz
Lesson 11 - Project Duration Reduction
PMMaster 11.01 – Content of Lesson 11
PMMaster 11.02 – Learning Outcomes of Lesson 11
PMMaster 11.03 – Reasons for Project Duration Reduction
Lesson Content
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PMMaster 11.14 – Activity Crashing Example 2: Graphical Solution
PMMaster 11.15 – Project Duration Reduction using Fast Tracking
PMMaster 11.16 – Exercise Project Fast Tracking
PMMaster 11.17 – Changing Precedences to Reduce Project Duration
PMMaster 11.18: Review Lesson 11 1 Quiz
Lesson 12 - Creating the Project Schedule, and Gantt Charts
PMMaster 12.01 – Content Lesson 12
PMMaster 12.02 – Learning Outcomes of Lesson 12
PMMaster 12.03 – The Gantt or Bar Chart and the Harmonogram
PMMaster 12.05 – Introducing ProjectLibre
PMMaster 12.06 – Creating a Gantt Chart with ProjectLibre
PMMaster 12.07 -ProjectLibre Live Demo
PMMaster 12.08 – Different uses for the Gantt Chart
PMMaster 12.09: Review Lesson 12 1 Quiz
Lesson 13 - Add Resources to the Activities and Resolve Resource Issues
PMMaster 13.01 – Content Lesson 13
PMMaster 13.02 – Learning Outcomes of Lesson 13
PMMaster 13.03 – Project Management and Resources
PMMaster 13.04 – Principles of Allocating Resources
PMMaster 13.06 – Material Resources and Equipment
PMMaster 13.08 – Exercise Resources Smoothing
PMMaster 13.09 – Exercise Resources Levelling
PMMaster 13.10 – ProjectLibre and Resources
PMMaster 13.11 – ProjectLibre Live Demo
PMMaster 13.12 – Resources and Team Development
PMMaster 13.13 – Team Roles, Management Styles, and Conflicts
PMMaster 13.14 – People, Teams, and Conflict Management
PMMaster 13.15: Review Lesson 13 1 Quiz
Lesson 14 - Calculate Costs, Project Budget, and Cost Related EVM Parameters
PMMaster 14.01 – Content of Lesson 14
PMMaster 14.02 – Learning Outcomes of Lesson 14
PMMaster 14.03 – Importance of Cost and Budgeting
PMMaster 14.04 – Different Project Costs
PMMaster 14.05 – Estimating Activity and Project Costs
PMMaster 14.06 – Tangible and Intangible Costs
PMMaster 14.07 – Different Types of Cost Loading
PMMaster 14.08 – Time Phased Budget
PMMaster 14.09 – Cumulative Budget
PMMaster 14.11 – Earned Value Parameters
PMMaster 14.12 – Project and Company Budget
PMMaster 14.17: Review Lesson 14 1 Quiz
Lesson 15 - Uncertainty and Risk Management in Projects
PMMaster 15.01 – Content Lesson 15
PMMaster 15.02 – Learning Outcomes Lesson 15
PMMaster 15.03 – Examples of Risk Situations
PMMaster 15.06 – The Six Risk Management Process Steps
PMMaster 15.07 -Risks and the Project
PMMaster 15.08 – Plan Risk Management
PMMaster 15.09 – Risk Identification and Tools
PMMaster 15.10 – Qualitative Risk Management
PMMaster 15.11 – Quantitative Risk Management
PMMaster 15.12 – PERT, 3Point, and Risks
PMMaster 15.13 – Monte Carlo Analysis
PMMaster 15.14 – Plan and Implement Risk Responses
PMMaster 15.15 – Overview of Risk Responses
PMMaster 15.16: Review Lesson 15 1 Quiz
Lesson 16 - Project Execution, Monitor and Control
PMMaster 16.01 – Content of Section 16
PMMaster 16.02 – Learning Outcomes Lesson 16
PMMaster 16.03 – The Project Plan is Completed. What now?
PMMaster 16.04 – Data Available for Project Execution. Baselines
PMMaster 16.05 – Status Overview related to Schedule
PMMaster 16.06 – Status Overview related to Cost
PMMaster 16.07 – The Earned Value Approach
PMMaster 16.08 – Change Management during Execution
PMMaster 16.09 – Reaction to Variances
PMMaster 16.10: Review Lesson 16 1 Quiz
Lesson 17 - Project or Phase Close Out
PMMaster 17.01 – Content of Section 17
PMMaster 17.02 – Learning Outcomes Lesson 17
PMMaster 17.03 – Importance of Project or PhaseClose Out
PMMaster 17.04 – Transferring Project to Life Cycle Management
PMMaster 17.05 – Closing Outstanding Contracts, Issues, and Invoices
PMMaster 17.06 – As-built Plans
PMMaster 17.07 – Closing Review
PMMaster 17.08 – Closing and Knowledge Management
PMMaster 17.09: Review Lesson 17 1 Quiz
Lesson 18 - Introduction to Agile Project Management
PMMaster 18.01 – Content of Lesson 18
PMMaster 18.02 – Learning Outcomes Lesson 18
PMMaster 18.03 -Why were Agile Methods Developed?
PMMaster 18.05 – Lean Management and Agile
PMMaster 18.06 – The Predictive Approach or Waterfall
PMMaster 18.07 – Where Waterfall Fails.
PMMaster 18.08 – The Adaptive Approach
PMMaster 18.09 – Waterfall or Agile? 1 Topic
PMMaster 18.10 – Value Delivery, Risks, and the Triple Constraint
PMMaster 18.11 – The Agile Manifesto
PMMaster 18.12 – Top Methodologies to Implement Agile
PMMaster 18.13 – The Agile Development Cycle
PMMaster 18.14 – Advantages, Disadvantages, and Myths of Agile
PMMaster 18.16 -The Myths of Multi-tasking
PMMaster 18.17 – Perfection or Good Enough?
PMMaster 18.18 – Terminology related to Scrum
PMMaster 18.19 – Estimating Effort and Fibonacci Poker
PMMaster 18.20 – Scrum Step-byStep 2 Topics
PMMaster 18.21 – Kanban Methodology
PMMaster 18.22: Review Lesson 18 2 Topics | 1 Quiz
Lesson 19 - Critical Chain project Management
PMMaster 19.01 – Content of Lesson 19
PMMaster 19.02 – Learning Outcomes Lesson 19
PMMaster 19.03 – The Origin of Critical Chain Project Management
PMMaster 19.04 – Critical Chain and the Human Side
PMMaster 19.05 – Critical Chain and the Human Side: Estimating
PMMaster 19.08 – Critical Chain and the Human Side: Multi Tasking
PMMaster 19.10 – Project Planning and Backward Planning
PMMaster 19.11 – As-late-as-possible Planning
PMMaster 19.12 – Project Planning Considerations
PMMaster 19.13 – Introducing the Theory of Constraints
PMMaster 19.14 – The Effect of Bottlenecks in Throughput and Cost
PMMaster 19.15 – The Principle of Buffers
PMMaster 19.16 – Applying Buffers on a Simple Project
PMMaster 19.17 – Defining the Critical Chain
PMMaster 19.18 – Finding the 50% and 90% Estimates
PMMaster 19.19 – Critical Chain: Calculating the Buffers
PMMaster 19.20 – Critical Chain: Comments
PMMaster 19.21: Review Lesson 19 1 Quiz
Lesson 20 - Course Final Review
PMMaster 20.01 – Content of Lesson 20
PMMaster 20.02 – Summary of Lesson 1 – Projects and Finance
PMMaster 20.07 – Summary of Lesson 6 – The Project in Ten Steps
PMMaster 20.12 – Summary of Lesson 11 – Project Duration Reduction
PMMaster 20.18 – Summary of Lesson 17 – Project or Phase Close Out
PMMaster – Final Quiz

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