Project Management Success: Learn by Managing 5 Projects
4.4 (162 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
872 students enrolled

Project Management Success: Learn by Managing 5 Projects

Improve your skills by using the "hands on" simulation approach.
4.4 (162 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
872 students enrolled
Created by Sandbox Model
Last updated 5/2017
English [Auto]
Price: $184.99
30-Day Money-Back Guarantee
This course includes
  • 3 hours on-demand video
  • 5 articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Develop a project plan that covers project definition, scope, schedule, resources, risk, quality and budget
  • Use project management tools and techniques to deliver and manage successful projects that satisfy stakeholders needs and expectations
  • Implement risk management techniques and mitigation strategies
  • Analyze project information and reports to monitor and control a project in a stochastic environment and run it to successful completion
  • Consider different alternatives for implementing a project including the trade-offs between time, cost and quality while considering different consequences
  • SandboxModel is proud to be a Global Chartered Registered Education Provider (R.E.P.) with the Project Management Institute (PMI)®.
  • The practical part is performed with the PTB project management simulator. The simulation takes place 100% online. An email will be sent after purchase with the access details. The access will expire after 60 days.
  • To use the PTB a Windows XP or later Microsoft updated operating system is required.

    This practical course will improve your project management skills. You'll learn how the "hands on" approach can make you a better project manager. Learning by doing improves the learning process. It's also more engaging and fun.

  Learn and practice the most important project management skills in this comprehensive experiential course. 

  • Project Management Overview

  • Scope Management

  • Human Resources

  • Scheduling and Time Management

  • Resource Management

  • Budgeting and Cost Management

  • Project Monitor and Control

  • Risk Management

  • Lean Project Management and Lean Enablers

  • Integration Management

  Content and Overview 

    Ever wonder how successful project managers constantly achieve great results? 

    They are experienced in the tools and techniques of project management. 

  Einstein said that “the only source of knowledge is experience." 

    The course includes ten units. Each unit covers a different project management area of knowledge and includes three parts: theory, walkthrough and a quiz/exercise. The exercises are done with the award winning PTB simulator, developed at the Technion Institute of Technology. In this part you will simulate managing a project in the simulator while applying the theory. 

    You will gain practical experience and learn how to complete successful projects.      At the end of the course you will be able to use project management tools and techniques to deliver and manage projects that accomplish the goals and satisfy stakeholders. 

*The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

Who this course is for:
  • This course benefits anyone who wants to learn how to manage resources, cost, time scope and reduce risks in any project.
  • Professionals aiming to get CAPM, PMP or other PMI certification.
  • The course level is intermediate to advanced.
  • It is designed for those wishing to further develop their project management capabilities and knowledge.
Course content
Expand all 25 lectures 03:12:04
+ Project Management Overview
3 lectures 29:57

An introduction to project management. Including:

  • An overview of project management concepts
  • Definition of a project and of project management
  • The main project management areas of knowledge
  • Why is project management important
  • How is project success measured
  • The project life cycle

Preview 16:35

This walkthrough demonstrates the different areas of knowledge with the PTB simulator.

It uses a basic new product development project. The project or problem space has already been defined. The goal is to create a plan for the project. Once the plan is prepared the simulation time is advanced. We can see how the project is executed and how the decisions we make affect project outcome. Once the simulation is completed we can see our final score indicating our due date and cost performances.

Walkthrough: Demonstration of Basic Concepts
Assignment: Managing a Basic Project
+ Scope Management
2 lectures 18:32

The lecture covers the theory of scope management:

  • Types of scope
  • The purpose of scope management
  • Scope planning 
  • Change management 
  • QFD – the Quality Function Deployment
Theory: Scope Management, Change Management and Scope Verification

This lecture demonstrates Scope Management, in practice, with the PTB simulator.

Each project has different system requirements. When we select how we’re going to perform our project, the quality is affected.

When making changes to our project we have to check what the consequences and the impact on the system requirements are, as well as the consequences on the project duration and cost.

Walkthrough: Scope Management in Practice
5 questions
+ Managing Human Resources
3 lectures 18:26

This unit explains human resource management, organizational structure and its effect on projects, morale and communication skills. 

Theory: Managing HR

HR Management in practice with the PTB Simulator

Walkthrough: HR Hands On Demonstration
Summary Exercise - Basic project with quality requirements
+ Scheduling and Time Management
2 lectures 18:45

Project Time Management includes the processes required to manage the timely completion of the project. The lecture covers:

  • Definition of project time management
  • Scheduling information
  • Activity On Node (AON) network model
  • The Gantt chart
  • The Critical Path, Criticality Index and the Critical Path Method
  • Scheduling Under Uncertainty
  • Monte Carlo simulation
Theory: Time Management and Scheduling

This lecture demonstrates Project Scheduling with the PTB simulator. The topics discussed in the previous lecture are illustrated.

Walkthrough: Scheduling Activities and Views
5 questions
+ Resource Management
3 lectures 24:05

This unit we discusses project resource management, focusing on the effect of resources on the project schedule. It classifies the types of resources used and the resulting problems the project manager faces when dealing with different types of resources. Two problems are considered: the resource utilization problem and the problem of delays caused by scarce resources. Mode, or alternative selection has a major impact on resources and on activity duration. Using more resources to reduce duration is known as activity crashing. Finally, the concept of baseline schedule is discussed - a feasible schedule selected by the stakeholders as the plan for the project execution. The important topics are:

  • Types of resources
  • Resources and scheduling
  • Resource Usage Profile
  • Solving resource utilization and resource constraints problems
  • Activity mode and activity duration - activity crashing
  • The baseline schedule
Theory: Resource Management and Resource Utilization

This walkthrough demonstrates resource management in practice with the PTB simulator. It goes over the different aspects previously discussed and demonstrate them.

Walkthrough: Resource Management Example
Assignment: Managing a project under uncertainty
+ Budgeting and Cost Management
2 lectures 18:28

This Unit focuses on project cost management. We will discuss project costs and income. We will classify the types of costs that are typical in a project environment. We will focus on cash flow management and cash flow considerations in project planning monitoring and control and their impact on scheduling and mode selection. We will see how the information in the detailed project budget should be used to support better project planning and trade off analysis. Finally we will discuss the integration of different cost components in an effort to minimize the total project cost and to maximize its profit. The main topics covered are:

  • Types of costs
  • Expenses and income
  • Cash flow
  • The detailed budget
  • Minimizing total project cost
Theory: Cost Management, Reducing Project Cost

In this walkthrough we will see cost management in practice with the PTB.
A project that deals with building an electrical transformation plant is used. It focuses on budget and cost.

Walkthrough: Budgeting Demonstration
Cost Management
5 questions
+ Project Control
2 lectures 13:29

In this unit we focus on the management of project progress during its execution. We discuss the need to process new information as it becomes available during project execution. Additionally, we see how corrective actions can be taken during project execution based on the information provided by the control system.
The topics covered are:

  • The need for project control
  • Design of the control system
  • The tracking Gantt
  • Taking corrective actions

Theory: Controlling a Project, Corrective Actions
Project Control Views and Operations
Project Control
5 questions
+ Risk Management
3 lectures 18:03

This unit focuses on Project Risk Management. We discuss and define risks in projects, present the tools and techniques commonly used to identify, analyze and manage risk before during and after the project.
It is important to start the risk management process early on as part of project planning and to consider alternative mitigation options including risk acceptance. 

Theory: Risk Identification, Analysis, Reduction, Avoidance and Acceptance

This walkthrough demonstrates the project risk management techniques discussed in the previous lecture.

Walkthrough: Project Risk in Practice
Exercise: Managing project risk
+ Lean Project Management
2 lectures 15:54

This unit focuses on Lean Project Management. Lean Project Management focuses on maximizing value to the customer and other stakeholders while minimizing project waste. We explain the concepts of value and waste, and show how to translate the voice of the customer to measurable benefits, or value, as well as how to analyze the value of alternative project plans to find the efficient frontier of project solutions. The Lean Indicators screen in PTB is used to minimize waste and to find the efficient frontier of project plans and thus to achieve the goals of Lean Project Management. The main areas covered are:

  • Introduction to Lean Project Management
  • Benefit, value and waste
  • Voice of the customer (VOC)
  • Value analysis in PTB
  • The Efficient Frontier
  • Using the Lean Indicators to find the Efficient Frontier
Theory: Benefit, Value, Waste, Voice of the Customer and the Efficient Frontier

This walkthrough shows the Lean project management aspects in practice with the PTB. It shows how to view the lean report where you can see the project waste and value and how to find the efficient project plans.

Walkthrough: Value Analysis Example
Quiz – Lean PM
5 questions
+ Integration Management
3 lectures 16:24
Theory: Different approaches, decision support systems, PTB Analytics
Walkthrough: Integration management in practice, PTB Analytics example
Concluding Assignment