This is a course that covers the area of Risk Management in 3 days. Since the area of Risk Management is based largely on the study of uncertainty occurring in projects, probability and statistical theories and their application are also covered. Progress and Performance Measurement - The goal of this 5 day seminar is to make the participants familiar with the techniques of project progress reporting and performance measurement. Once work has begun on a project it is important to be able to measure progress made to the schedule and the performance to budgeted cost. If progress is not being made according schedule, resources may not be available in the revised schedule or they are available when not needed.
Performance measurement is critical to maintaining the budgeted cost of a project.
All companies are in the business of making money or, if not profit making, they are concerned about the optimum use of the resources allocated to the project. Project Justification, Pricing and Cost Analysis - The goal of this 4 day seminar is to make the participants familiar with the principles of project justifications, pricing of labor and material and analysis of cost factors. Project Justification is the most fundamental of project management tasks. It is critically important that justifications be done with accuracy in order that the project is not started when it should not be and to assure that projects that are good projects are not rejected. Projects that are justified by means other than cost benefits such as environmental projects, safety projects, etc., will be covered.