Project Management Success: Learn by Managing 8 Projects

Improve your skills by using the "hands on" simulation approach. Provides 35 Contact Hours requisite of PMI® (35 PDUs).
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  • Lectures 25
  • Length 3 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
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About This Course

Published 2/2015 English

Course Description

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. SandboxModel is a PMI Global REP.

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

  • Project Management Overview
  • Scope Management
  • Scheduling and Time Management
  • Resource Management
  • Budgeting and Cost Management
  • Project Monitor and Control
  • Risk Management
  • Lean Project Management and Lean Enablers

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 eight units. Each unit covers a different project management area of knowledge and includes three parts: theory, walkthrough and a practical part 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.

What are the requirements?

  • 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.

What am I going to get from this course?

  • Earn 35 PMI PDUs (Contact Hours), requirement of PMI to enroll in the PMP exam
  • 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)®.

What is the target audience?

  • 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.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Project Management Overview
12:55

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
  • Introduction to the PTB award winning simulator

08:18

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.

00:24

This is the concluding assignment for the first unit. It includes Managing a simple project with the PTB simulator. The project does not have any random elements..

Run the same project from the previous lecture yourself. Familiarize yourself with the PTB, create a plan for the project and run the simulation until the project ends.

To start select File, Open and select the file Elearning/Exercises/unit1.scn to reload the project.

Section 2: Scope Management
13:01

The lecture covers the theory of scope management:

  • Types of scope
  • The purpose of scope management
  • Scope planning with the PTB
  • Change management with the PTB
  • QFD – the Quality Function Deployment
  • Scope verification with the PTB
06:27

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.

00:35

The assignment is to manage the scope and quality requirements in a simple project. Open the file ELearning/Exercises/unit2.scn and create a feasible plan for this project. After you create a plan you are satisfied with, advance the simulation time as we learnt in the previous unit, until project completion.

Section 3: Scheduling and Time Management
14:56

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
07:52

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

00:54

This unit’s concluding assignment is to simulate managing a simple radar development project.
The exercise focuses on the scheduling aspects you learnt in this unit, scope aspects learnt in the previous unit and the tradeoff between project time and scope.
Run the simulation from beginning to end twice. In the first time, try to achieve the maximum Range of the radar system.
In the second run, try to finish the project as early as possible. Notice the tradeoff between the radar range (or project scope) and the scheduling aspects.
To begin open the file ELearning/Exercises/unit3.scn.

Section 4: Resource Management
14:24

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
  • Managing resources in the PTB
  • Activity mode and activity duration - activity crashing
  • The baseline schedule
14:45

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

00:44

In this assignment Your job is to create a good plan for the project and follow through its execution. Try to use duration compression to finish the project as early as possible. You have to think about the different tradeoffs when selecting modes of execution and managing the resources. Remember to also pay attention to the project scope as you learned in the previous unit. To begin open the file ELearning/Exercises/unit4.scn

Section 5: Budgeting and Cost Management
07:16

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
12:10

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.

01:34

The assignment is to manage the project cash flow in a medium difficulty level project with random elements.
Start by opening the scenario ELearning/Exercises/unit5.scn and create a new plan for it.
You probably already noticed that this scenario is more complex than the ones we’ve seen before. It has tight budget constraints. You will have to be careful not to run into a negative cash position and go bankrupt. You can do this by delaying non-critical tasks, which are expensive, as well as by executing milestone tasks as early as possible to receive the income of the milestone.
Another thing to keep in mind is resource management. If there are idle resources, consider if it would be cheaper to release them and reassign them later when they are needed. Consider the cost of keeping a resource buffer and minimizing the risk of being forced to split and delay tasks.
Try to finish the project before the due date to receive the associated bonus.
If a task is not critical, consider executing it in a cheaper mode with a longer duration. You have to contemplate the tradeoff between budget and scheduling constraints.

Section 6: Project Control
07:22

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, the options for the design of the monitoring, and the way the control system is implemented in the PTB. Finally, we see how corrective actions can be taken during project execution based on the information provided by the control system.
The PTB supports the project execution by providing information on actual project progress and also providing a learning environment for dealing with the uncertainty project managers face during project execution. The topics covered are:

  • The need for project control
  • Design of the control system
  • The tracking Gantt
  • Project control with the PTB
  • Taking corrective actions
08:10

This walkthrough demonstrates project monitoring and control in practice. The concepts are shown on a project that deals with the development of a radar system, as we’ve seen before but with tighter constraints.

00:26

This unit’s concluding assignment is to open the scenario ELearning/Exercises/unit6.scn and to manage the project successfully. You must satisfy the budget, time, and quality constraints. Make sure you constantly monitor and control the project when it is running and take corrective action when needed.

Section 7: Risk Management
08:33

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. Additionally we see how the PTB simulates different types of risks and how the user can practice risk management and learn from the results of her decisions.
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. By simulating these alternatives in the PTB the user can learn how to select the most appropriate decision to handle a specific risk.

12:41

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

00:23

The assignment is to manage a "risky" project while creating a risk management plan and dealing with different project risks. Start by opening the scenario Learning/Exercises/unit7.scn and manage it.

Section 8: Lean Project Management
17:36

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
  • Lean Indicators in PTB
  • Using the Lean Indicators to find the Efficient Frontier
04:12

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.

00:28

Your assignment is to open the scenario ELearning/Exercises/unit8.scn and to find three different efficient plans for this project. You must satisfy the budget, time and quality constraints while maximizing value and minimizing waste.

Section 9: Summary Exercise
3 pages

In this final exercise, you will see how all the topics from the previous sections integrate. Your task is to develop and execute an efficient project plan for the Electrical Distribution Substation project. The plan should:

  • Minimize cost while satisfying due date and requirements constraints
  • Maximize the benefit or value of the project while satisfying due date and cost constraints
  • Maximize the benefit or value of the project minimizes its cost while satisfying due date constraints

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Instructor Biography

Sandbox Model, Practical High Quality Management Training

Our goal is to create a world where projects have a high success rate. We do this by providing advanced project management tools and training. SandboxModel is a PMI Registered Education Provider.

Simulation allows students to learn project management by actually doing rather than by just listening. Making good decisions requires experience. By practicing in a safe, controlled environment, students and trainees gain hands-on project management experience.

The PTB™ simulator allows for managing real world case studies. Users make decisions and see how they affect project outcome by advancing the simulation time.

Integrating theory with an interactive, practical, game-like computer simulation leads to lasting benefits. It's a fun, engaging and energetic way to improve learning.

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