PM0043 : Applying Project Control

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using our software tools.
This course is designed to provide participants with a detailed and up-to-date overview of Introduction to Project Controls. It covers the importance of project controls and the distinction between project management and project controls; the key components of project controls covering scope, time, cost and quality; the roles and responsibilities of a project controller and the lifecycle of a project from initiation to closure; the budgeting, estimation and allocation of resources; the cost forecasting and predicting financial needs at different project phases; the cash flow analysis and ensuring liquidity throughout the project; and the cost variance analysis and addressing discrepancies.
Further, the course will also discuss the change management and handling scope changes and their cost implications; the importance of scheduling in projects and the tools and techniques using Gantt charts, critical path method (CPM) and program evaluation review technique (PERT); monitoring and adjusting schedules and dealing with delays and accelerations; optimizing human and material resources using resources allocation and leveling; and ensuring key deliverables are met by performing milestone tracking and control.
During this interactive course, participants will learn the quality in projects, quality assurance versus quality control and risk identification; the risk assessment and prioritization, mitigation and contingency planning; the integrated project control systems and keeping stakeholders informed by using proper reporting and dashboards; the continuous improvement in controls; and the emerging trends in project controls covering AI, machine learning and predictive analytic.