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PR01: Mastering Cost Management in Manufacturing, Project & Service Sectors

Offered By: PROJNEX Exports & Management Solutions Pvt. Ltd.
Professional Development Hours: 105 (5 months at 3 days/month)
Course Number: AEP7011-01
Primary Language: English
Dates and Locations: Contact PROJNEX for specific dates and locations

This program enriches your core professional team with skills & knowledge on all aspects of Cost Management with good exposure to Planning, Scheduling, Earned Value Concepts, and Estimating Concepts, etc. Participants will be groomed as top notch professionals in managing all aspects of your business through enhancement of their background and refining the practices.
 

Topic Areas and Industries
Automotive
Banking/Finance
Business & Program Planning
Chemical Process
Claims & Dispute Resolution
Construction
Contract Management
Cost Engineering
Cost Estimating
Cost Indexing
Cost/Schedule Control
Defense
Economic & Financial Analysis
Enabling Technologies
Engineering
Facilities Management
Finance/Economic Analysis
Government & Public Works
Health Care
Information Technology
International Projects
Manufacturing
Materials Management
Oil/Gas/Chemicals
Pharmaceuticals
Planning & Scheduling
Procurement
Program & Project Management
Project Control
Project & Cost Control
Quantity Surveying
Software Development
Utilities & Energy
Value Engineering & Constructability

Course Outline

Kick-off

  • What is Project? Triple constraints
  • Highlights on Manufacturing Management
  • What is Cost Management
  • Project & Product Life Cycle
Communication and Human Relationships
  • Communication Management Concepts
  • Human Relationship
Economic Analysis
  • Basic Engineering Economics
  • Advanced Engineering Economics
Cost Basics
  • Cost Elements
  • Pricing
  • Material
  • Labor
  • Engineering
Manufacturing
  • Continuous Process Manufacturing
  • Discrete product Manufacturing
Project Management Concepts
  • Knowledge Areas
  • Project Processes (defined by PMI)
Estimating
  • Basics of estimating
  • Types of estimating
  • Methodologies
  • Resource allocation
  • Risk and Contingency
Scheduling
  • Forms of Schedules Grant charts/ Bar charts/ Event charts/ Milestone charts
  • Work Breakdown structure
  • Networks & Time Durations
  • Sequencing Activities
  • ADM / PDM
  • Network Calculations (Critical path, Float)
Baseline Schedule
  • Purpose and maintenance
  • Baseline Vs current schedule
  • Compressing / Crashing the schedule
Progress Measurement and Forecasting
  • Earned Value Indices (SPI & CPI) and variances
  • Causes of variances
  • Cost & Schedule control in advanced stage in projects
  • Tracking Cost & Schedule Performance
Procurement & Contract Management
  • Procurement Management concepts
  • Strategic Asset Management
  • Contract Management
  • Types of Contracts
Change Management
  • Identifying Sources of changes
  • Screening/ Analyzing change
  • Process of change control
  • Updating project plan for approved change
  • Communicating the change
Risk Management
  • Risk Analysis
  • Risk Mitigation
Conclusion
  • Summary
  • Certifications from Professional Bodies
  • Eligibility & Contact Details for Certifications

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