Become a Project Management Master (# 1) [Earn 3.75 PDUs]

Name: Become a Project Management Master (# 1) [Earn 3.75 PDUs]
Rating: 4.3 (21 reviews)

Practical Guide to Project Health Monitoring and Earned Value Management.

Created byGerrit Fourie Consulting and Coaching

Last updated 9/2020

English

What you'll learn

How to distinguish yourself as a project manager.
Effective project health monitoring methods.
How to control your project and eliminate scope creep.
How to ensure project success.
Earned value management techniques and how to effectively incorporate them into your monitoring strategy.
Templates for the most effective status reporting methodologies.
Practical excercises on the course content.
And much more!

Course content

7 sections • 30 lectures • 2h 19m total length

Course Overview2:07
Master project health monitoring and earned value management through practical guidance, metrics, forecasting, reporting tips, and templates, with change control and status meetings to reinforce actionable skills.
Claiming your Professional Development Units1:16
Course Slides0:17

Section Breakdown0:59
Refresh the key concepts of monitoring and control with a practical process outline. Understand the focus areas and their importance in guiding the project through execution.
The Essence of Project Monitoring and Control14:35
Learn how monitoring and control align project execution with the management plan by setting performance standards, tracking baselines, and applying corrective actions and change control.
The Focus of Monitoring and Control18:21
Guide the project team to follow the project plan through monitoring and control. Emphasize six focus areas—scope, schedule, cost, quality, risk, and procurement.
Monitoring and Control Buy-in3:34
Learn to gain buy-in for monitoring and control by involving the team in planning and educating them on its purpose, supporting project health and preventing scope changes.
Section Summary1:38
Learn how monitoring and control keep projects on track by compiling performance standards, measuring actuals, and executing corrective actions across scope, schedule, cost, quality, risk, procurement, and team involvement.

Section Breakdown1:07
Explore the earned value management approach, from basics to practical examples, and learn the formulas to calculate vm metrics and forecasts. Access useful resources to reinforce project health monitoring.
The Basics of EVM4:29
Master earned value management (evm) for project performance by integrating progress and cost reporting, identifying variances, and using actual cost, planned value, and earned value to forecast status.
EVM Metrics7:48
Master earned value management (EVM) metrics, including cost variance, cost performance index, schedule variance, time variance, and schedule performance index, by comparing earned value, planned value, and actual costs.
EVM Forecasts14:12
This lecture explains earned value management forecasts for costs and schedule, using baseline budget at completion, estimate at completion, CPI, TCPI, and variance at completion alongside schedule variances.
Additional EVM Information15:07
Apply earned value management at both work package and project levels to monitor performance and forecast costs using practical reports, including CPI vs SBI graphs and earned value metrics.
EVM Formula Sheet0:12
Worked Example of EVM21:00
Engage in a practical earned value management exercise to plan, track, and forecast project performance using earned value, planned value, spi, cpi, bac, eac, etc, vac, and tcpi.
EVM Exercise0:19
Section Summary1:38
Learn earned value management to monitor project health, calculate metrics, and forecast outcomes at work package and project levels using three-point estimation and clear reporting in conjunction with other techniques.

Section Breakdown1:19
Master change control and monitoring, analyze impact, and implement an effective change approval system, using a change request template to streamline a controlled process.
Change Control Protocol6:20
Explore the change control system, from identifying and investigating changes to approving, implementing, and monitoring them, with change request forms, impact analyses, and monthly stakeholder reports.
Impact Analysis3:59
Learn to perform change impact analysis through a five-step planning procedure, identifying direct and indirect impacts, engaging stakeholders, and preparing the change request, schedule, budget, and risk register.
Change Approval System4:16
Implement a formal change approval system with tiered procedures, enabling project managers to analyze changes, perform impact assessments on scope, time, and cost, and, for emergencies, follow sponsor-approved emergency processes.
Change Request and Approval Template0:13
Section Summary1:44
Manage change control by identifying and assessing changes, approving or rejecting them, and communicating decisions; implement and monitor outcomes while aligning with requirements, WBS, schedule, budget, and risk register.

Section Breakdown1:06
Learn the section breakdown of project health meetings, weekly and monthly status sessions, their differences, and templates for recording discussions.
Weekly Statusing3:43
Conduct weekly progress meetings with a small core team to surface project-level issues and keep the risk register up to date, while circulating a one-page register of issues.
Monthly Statusing3:59
Hold a formal monthly progress meeting to review project performance against scope, time, and cost, discuss issues and risks, and outline actions to realign baselines while informing stakeholders.
Status Report Templates0:17
Section Summary1:20
Discover how weekly informal status meetings with the core team and monthly formal reviews with sponsors and senior stakeholders monitor project performance against key constraints, emphasizing honesty in status reporting.

Requirements

Internet access and a phone, tablet or PC.
Eagerness to learn.
Determination to work through the entire course.
Basic knowledge of project management (It will help, but it is not a must. The knowledge you learn here will help you immensely regardless of your current level).

Description

Want to distinguish yourself as an exceptional project manager and quickly rise to the top? Then this course is for you.

Being involved in project management you may well know that this industry is growing at an immense rate, that despite the job market uncertainties brought about by the 4th industrial revolution.

The Project Management Institute (PMI), probably the most recognized authority on project management worldwide, estimates that job growth in the project management industry will be a staggering 33% or 22 million jobs by 2027. So, if you further your education as a project manager you know you will have the job security that very few industries can still provide. The next step is of course to distinguish yourself as one of the industry leaders and start earning a high end salary.

This course is an excellent starting point to do just that!

Project management is an extremely intricate field and requires you to have knowledge in a vast majority of technical fields. The 5 processes ranging from project initiation to project closure are all extremely important pieces of the overall puzzle and you will need to master them all to distinguish yourself as one of the best. One thing that all those who are well versed in the field agrees on though, is the fact that great project management is about delegating the actual project work and focusing your energy as the project manger on monitoring and controlling the health of your project. This is were you make the BIG difference, and where you catch the eyes of the client and upper management.

This course is designed to arm you with the essential knowledge you require to lay a solid foundation for project health monitoring.

The course will cover all the project health monitoring essentials. We will also be looking at the importance of proper monitoring and control and how you can effectively and efficiently incorporate good EVM practices into your monitoring strategy. We will also be working through some guided practical examples and you will have a chance to apply what you have learned on a few practical exercises. The course also places some emphasis on good control measures and we will work through guidelines that will help you effectively implement change control procedures. The course ends of with an assessment that will not only help you gauge what you have learned but also test you in a practical setting. Furthermore I will also be sharing some of my own personal project health reporting templates and per-programed Excel sheets that you can use and adopt for your own projects.

The course design caters for those who already have the foundational knowledge of project management and are familiar with the PMI project management methodology. Beginners are however welcome to take it up as well as the course is structured to add value to all project management professionals.

Who this course is for:

Project Management green horns looking for the next big step.
Well versed project managers looking to improve their methodology and strategy.
Anyone who wants to improve on their project management efficiency.
Any PMI certified Project Management Professional who wants to earn PDU's towards registration renewal.
Intermediary project managers looking to build up toward the required 35 PDU's for PMP registration.

Become a Project Management Master (# 1) [Earn 3.75 PDUs]

What you'll learn

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Course content

Course Introduction3 lectures • 4min

Monitoring and Control5 lectures • 39min

The Earned Value Management Approach9 lectures • 1hr 6min

Change Control6 lectures • 18min

Project Health Meetings and Reporting5 lectures • 10min

Course Assessment0

Course Completion2 lectures • 2min

Requirements

Description

Who this course is for: