CVR/IT Consulting, LLC Commitment - Vision - Results
  CVR Home Consulting Services Training Services CoursewareOnDemand Project Templates About CVR/IT Contact Us

Consulting Services

Training Services


PM Resources

PM StoreSM

About CVR/IT

Site Map
Training ServicesProject Foundations®

Scope, Time, and Cost: The Core of Project Management

This course delivers practical, hands-on training in how to manage scope, schedule, and budget in any waterfall project. During the class, participants examine the development of effective requirements, and then proceed to the establishment of project plans and baselines for scope, schedule, and cost. The techniques covered support budget accuracy, control over budget and schedule, cost and time forecasting, the prevention of scope creep and, ultimately, the realization of post-project value. Topics include:
  • How project management prevents cost overruns and delays
  • Setting boundaries with a project charter
  • How to develop useful estimates
  • Requirements are the basis for everything else
  • Establishing a scope baseline
  • Building a project schedule
  • Project procurement
  • How to create a project budget
  • The project performance baseline
  • How to report project progress and status
  • The usefulness of forecasting time and cost
  • How to manage the cost of risk
  • How change control protects time and cost objectives
  • How an effective Transition can enhance Business Value
Who should attend
This course is of immediate value to Product Owners, Project and Program Managers, Portfolio Managers, Budget Analysts, Project Estimators, Functional Managers, PMO/COE Directors, Product Development Director, Senior Managers, Acquisition/Procurement Officials, and Business Managers with project responsibility.

This course assumes some experience with project work and budgeting.

Course Outline

I. Introduction
  • Scope, time and cost
  • Typical problems with scope, schedule, and budget
  • Promise of effective Project Management
II. Scope, Time, and Cost in Context
  • Programs and portfolios
  • Why we do projects - Business Value
  • Importance of estimates
III. Project Initiation
  • Objectives of Initiation
  • The Project Charter
  • Business and project objectives
  • Preliminary scope
  • Cost of risk
  • Preliminary estimates of cost and time
  • Triple constraint and the control of projects
IV. Project Planning: Scope and Schedule
  • Importance of requirements
  • Work Breakdown Structure (WBS)
  • WBS Dictionary
  • Project Network Diagram and Critical Path
  • Resource planning
  • Creating the schedule
  • Impact of scope and schedule on budget
V. Project Planning: Procurement
  • Planning for procurement
  • The work of procurement
  • Procurement timing
  • Procurement pitfalls
  • Impact of procurement on budget
VI. Project Planning: Risk
  • Sources of risk
  • Tools for risk identification
  • Establishing a risk management strategy
  • Risk reserves and the risk budget
  • Impact of risk management on cost and time
VII. Project Planning: Budget
  • Primary budget functions
  • Sources of project cost
  • Budget lifecycle
  • Time Phased Budget
  • Project Funding Curve
  • Reporting cost status
  • Cost forecasting
  • Controlling cost
VIII. Project Monitoring and Control
  • Sources of project change
  • Foundation for change control
  • The work of change control
  • Change control tools
  • Benefits of change control
IX. Project Execution: Status Reporting
  • Reporting progress and status
  • Project metrics
  • Earned Value Management (EVM)
  • Project Performance Baseline
  • Cost and Schedule Forecasting
  • Impact of status reports
X. Project Execution: Transition
  • Project objectives of Transition
  • Steps to successful Transition
  • Transition benefits
  • Impact of Transition on Budget
  • Delivering post-project Business Value
XI. Project Close
  • Contract closure
  • Administrative closure
  • End of Project Report
  • Lessons learned
  • Impact of Project Close
This class includes over 25 hands-on exercises that reinforce learning and retention.

Why should I take this course?
  • If you are experiencing difficulties defining and managing project budgets and schedules, the material in this course will give you an understanding of steps you can take to gain control.
  • Experienced project managers will obtain a vocabulary and framework that lends new perspectives on budgeting to the wealth of experience they already have.
  • All participants take home a set of tools and techniques to help them deal with the many aspects of project scope control, scheduling and budgeting.
  • Take this course and learn how to avoid the scheduling and budgeting problems that business managers most often encounter in their projects.
Learning Approach
  • A highly experienced instructor will use interactive lecture format, numerous hands-on exercises, team activities, group discussions, and other techniques to drive home the essential points of this material.
  • You have the option of using your own, ongoing project as the focus of class exercises. As a result, not only do you gain experience with the tools, but you also learn more about your project.
  • If you have modest project management knowledge, you will find that the clarity of the material and direct presentation style of the instructor will make the subject matter easy to understand.
  • All course material is fully aligned with the latest release of PMBOK® and BABOK® Guides.
Use this courseware to teach your students!
This course is available under license to qualified Training Providers. Courseware materials include:
  • Instructor slides
  • Instructor manual with timing guide
  • Printed participant guide
  • Train the Trainer instruction
  • Written for classroom or virtual delivery
For more information, see   Courseware-On-Demand or Contact Us

Every course and workshop in our Project Training program is fully customizable. We can deliver the training program you need onsite and at an attractive discount. Call us toll free in the US at 1.800.877.8129, or +1.919.495.7371 International.

All of our courses are fully compliant with the latest release of each relevant standards document such as the PMBOK® Guide, Standard for Portfolio Management, BABOK® Guide and others.
Course Information
Course ID: 2050
Duration: 3 days
Delivery: Virtual or onsite
Class size: 6 - 20
· PMP® certified instructor
· Participant Guide
· Participation Certificate
· 21 PDUs
  Tech:17 Lead:4 Strat:0

Download this course description as a printable PDF document.

Pricing Information
On-site discounts are available.

Ready to enroll?
Call 1-800-877-8129
(+1 919-495-7371)

Questions?  Please feel free to Contact Us

Training Providers:
License this courseware!

For for more information, call:
  800-877-8129 or
  (+1 919-495-7371)
Copyright 2002 CVR/IT Consulting LLC - all rights reserved | Terms and Conditions