Course Details

T0022
Technical

 

Project Timeline Planning (2) - Extension

All

Key Topics Covered:

This course will provide a detailed extension into understanding project scheduling. It will include an overview of:

• Project governance, gating and approvals and how gating manages risk and provides opportunities for oversight;

• Probabilistic (Monte Carlo) and Bayesian methods for uncertainty, event-chain, options, and contingency analysis;

• How confidence intervals are used to estimate the project’s likelihood of achieving schedule sensitivity analysis and robustness;

• How schedules can be optimised to reduce project duration or level resources

• Advanced schedule and resource optimisation with imposed parameters and constraints

• Advanced schedule visualisation techniques, including: milestone charts, roadmaps, Gantt charts, line-of-balance and time/distance diagrams, Building Information Modelling (BIM);

• Software to model, optimise and visualise project schedules

• Communicating project schedule information in status reports;

• Unconscious bias and strategic misrepresentation; and,

• How the planning and sunk cost fallacies, and other biases lead to poor project decisions; and

• How schedule estimates can be ‘reality-checked’ using reference-class forecasting further opportunities for developing as a project professional.

Learning Outcomes:

The participant will gain an understanding of advanced techniques in project schedule control, and the ability to:

• Read, understand and review project schedules prepared with advanced methods

 • Frame project decisions in the language and perspectives of project leaders.