Project Performance Measurement & Management

Project Performance Measurement & Management
SCHEDULE
DatesVenueCategory
26-30 June 2023Kuala Lumpur – MalaysiaProject Management
4-8 September 2023Bangkok – ThailandProject Management
25-29 September 2023Port Moresby – Papua New GuineaProject Management
INTRODUCTION

This 5-day Project Performance Measurement and Management training course will highlight the added value that can be achieved when effective control mechanisms and performance measurement tools are applied using proven project management techniques.

One of the fundamental success factors in project execution is knowing which elements determine real project performance and how to measure them accurately. There is a multitude of metrics that may be measured on any project but, depending on the nature and objectives of the project, only a few of these will establish how well the project is performing.

Projects are usually multi-faceted, meaning they comprise multiple stages, multiple work-scopes, and have various interfaces, and as such, measuring and managing the performance of a project requires comprehensive project planning and effective project control. Without this, no project can be accurately measured in terms of how well it is performing, and, by virtue of this, the project’s performance cannot be managed.

BENEFITS OF ATTENDING

Upon the completion of this training, participants will be able to:

  • The benefit of applying value-driven Project Management techniques
  • How to identify relevant Key Performance Indicators (KPI) & establish additional metrics to measure the increasingly complex nature of modern projects?
  • How to compose effective dashboards and scorecards to report project performance?
  • The importance of clearly establishing the project environment and context within the planning process
  • The benefit of applying proven project management techniques to establish an integrated project baseline
  • How to measure, forecast, present status, and control project performance by employing earned value techniques?
  • The importance of careful team selection and dynamics in project performance
WHO SHOULD ATTEND?
  • Project Directors
  • Project Managers
  • Project Consultants
  • Project Planners and Estimators
  • Quality Assurance Managers and Engineers
  • Contract and Procurement Managers
  • Project and Discipline Engineers
  • Specialist Technicians and Technical Assistants
COURSE OUTLINE

Session 1: Building Projects for Success

  • Project Definitions and Characteristics
  • The Fundamentals of Project Management
  • The Importance of Understanding Project Context and Environment
  • Defining Project Scope
  • Establishing Project Commercial Viability

Session 2: Planning Projects for Effective Performance Measurement and Management   

  • The Project Planning, Organising, Implementing, and Controlling Sequence
  • Developing Work and Cost Breakdown Structures
  • Project Management Roles and Responsibilities
  • Project Time and Cost Estimating Techniques
  • Project Schedule Development and Analysis

Session 3: Monitoring, Measuring, and Managing Project Performance

  • Setting up Project Control Systems
  • Selecting Appropriate Key Performance Indicators
  • Monitoring Performance through Earned Value Management
  • Project Progress Measurement and Analysis
  • Controlling Project Handover to Operations

Session 4: Maintaining Project Performance through Effective Risk Management 

  • Risk Management Planning
  • Risk Identification
  • Risk Analysis
  • Risk Response Planning
  • Risk Control and Closure

Session 5: Project Team Building and Stakeholder Management

  • The Team Development Cycle
  • Building Effective Project Teams
  • The Difference between Leadership and Management
  • The Keys to Effective Influence
  • Managing Stakeholders and Stakeholder Expectations
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