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You Will Learn How To
- Manage complex projects involving substantial budgets, strategic risks and aggressive time scales
- Determine key business benefits and project financial feasibility
- Align your cross-functional projects with organizational strategy and life cycles
- Communicate effectively with key stakeholders to ensure project success
- Monitor and report project progress using Earned Value Management
- Design an effective change management process that delivers and supports strategic business projects
Course Benefits To avoid delay, disruption and extra work, project managers need strong analytic, communication and problem-solving skills to make business and organizational decisions. Through an intensive four-day project simulation, you experience real-world situations in which your decisions impact the outcome of your project. You also have access to productivity tools and templates for use back at work.
Who Should Attend Project and program managers who are responsible for managing business-focused projects. Experience, including creating Gantt and PERT charts, and performing basic risk analysis at the level of Course 296, " Project Management: Skills for Success," or Course 340, " Project Management for Software Development," are assumed.
Through an authentic case study simulation, you gain experience presenting plans and managing business issues in a complex project. Paper and PC-based activities include:
- Identifying and managing stakeholders
- Analyzing project feasibility
- Preparing a communication plan
- Identifying and analyzing strategic risk
- Assessing suppliers against established standards
- Evaluating project progress using EVM
- Responding to project change
- Measuring and presenting results
- Applying best practice leadership skills
- Creating lessons learned for organizational improvement
Course 287 Content The Art and Science of Project Management
- Comparing simple and complex projects
- Diagnosing and measuring project complexity
- Structuring a complex project
Assessing Project Viability
Selecting projects based on financial assessment
Determining project feasibility
- Validating project priorities in the organization
- Managing the capacity load balance
Examining costs and benefits
- Appraising business benefits
- Establishing technical and organizational readiness
Managing the Organization and Stakeholders
Analyzing organizational issues
- Leveraging the strengths of existing matrix organizations
- Working with weak, strong and projectized environments
Adopting a stakeholder management process
- Managing stakeholder priorities
- Determining stakeholder significance and impact
Planning and Managing Effective Project Communication
Defining a communication plan
- Mapping information needs
- Selecting the appropriate media
Implementing the plan
- Implementing and using a RACI diagram
- Choosing a communication channel
- Deciding how frequently to communicate
Developing a Project Process
Creating a project life cycle
- Identifying key APM, PMI® and PRINCE2® attributes
- Selecting a life cycle model that suits your project
- Embedding best practice in your project life cycle
The role of the Project Management Office (PMO)
- Defining the functions of a PMO
- Leveraging the advantages of a PMO
Managing Strategic Risks
Developing a risk management process
- Identifying strategic risks in the project
- Employing checklists
Analyzing strategic project risks
- Evaluating the impact of risk on your plan
- Qualitative vs. quantitative techniques
- Choosing the best course of action
- Prioritizing risk action plans
Managing Contracts and the Procurement Process
Planning procurement strategies
- Applying a vendor selection process
- Evaluating “make or buy” decisions
- Calculating cost of ownership
Soliciting external contracts
- Evaluating vendor proposals
- Negotiating contracts to manage risk
Employing Earned Value Management (EVM)
Reporting project status
- Leveraging the power of EVM to keep projects on track
- Computing CV, SV, CPI and SVI measures
- Predicting likely outcomes
- Charting project performance
Tracking against time and budget
- Ensuring the EVM data is correct
- Avoiding common traps of EVM
- Interpreting EVM charts for decision making
Controlling Project Change
Designing an effective change control process
- Mapping the business processes
- Setting controls and thresholds for change
Implementing change management
- Identifying sources of change
- Crafting a change management process
- Avoiding the “gold plating” culture
Putting It All Together
- Becoming a strategic project manager
- Championing professionalism and ethics
- Closing and evaluating the project
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"Learning Tree provided me with a useful cross section of project management training. Like all training, an opportunity to get out of the office, to clear the mind and to interact with a wider range of project management professionals is almost as big a bonus as the course content itself. Furthermore, Learning Tree instructors are very good. They know their stuff and deliver quality instruction that's backed by useful experience." N. Barker
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