Best Practices in Managing Construction Projects
Introduction:
Construction project executives continue to face mounting challenges in their delivery of projects. The rapid impact of globalization has placed even stricter demands on project delivery time, cost and quality. It seems the mantra of the day is do it faster, cheaper, and at a high quality, and of course, within an overall expectation of client satisfaction.
Knowledgeable project executives recognize that a major ingredient for project success is the accurate development of project costs based on a well defined scope. It is therefore essential to have a working understanding of engineering economics and cash flow analysis to evaluate and select between project alternatives. This should be followed by an in-depth holistic treatment of the processes needed to develop accurate cost estimates.
A solid estimate goes hand in hand with a schedule that incorporates efficient monitoring, and is sensitive to changes and limitations of resources and other work items. It is important to treat estimating, scheduling and cost control as an integrated process rather than a disjointed set of activities as is unfortunately practiced too often in some major corporations.
Course Objectives
By the end of this course, delegates will be able to:
· Main concepts of engineering economic evaluation
· Main causes for construction claims
· Evaluation Cash Flow impacts
· Development estimates at various levels of details
· Parametric estimate development
· Development of Schedules
· Work Breakdown and Organization Breakdown Structures
· Project Control and Earned Value Approach
· Scheduling under Limited Resources
· Time versus Cost tradeoff for Projects
· Managerial strategies for project acceleration and compression
Who should attend?
This course is suitable for project executives, managers, team leaders, construction engineers, IT executives, professionals, contractors and engineers who are responsible for timely delivery of projects under strict budgetary constraints. Owners can benefit greatly from understanding the dynamics involved in delivering projects
Course Outline
Project Financial Analysis and Construction Claims
· Project Delivery Systems
· Review of Project Economic Evaluation
· Claims Avoidance and Management
· Risk Management
Advanced Project Estimating
· Estimate Types
· Principles of Conceptual Estimating
· Cash Flow Analysis
· Project Estimating and Bid Unbalancing
· Resource Estimating
· Estimating using Crews
· Contingency and Escalation
· Parametric Estimating
Project Scheduling Techniques
· Introduction to Planning
· Task Characteristics and Duration Assessment
· Planning and Scheduling Methods
· Linear Scheduling Methods
· Critical Path Scheduling
· Constraint Types
· Milestones
Advanced Project Scheduling
· LeadLag Scheduling
· PERT Methods
· Reporting Issues
· Resource Allocation Methods
· Time-Cost Tradeoff
· Managerial strategies for project acceleration and compression
Project Monitoring and Cost Control
· Schedule Updating
· Cost Control and Earned Value
· Integration of Cost and Schedule Control
· Work Breakdown Structure (WBS)
· Organization Breakdown Structure (OBS)
· Development of Cost Codes
| Code | From | To | City | Fees | |
|---|---|---|---|---|---|
| PM05 | 05 Jan 2020 | 16 Jan 2020 | Cairo | US$ 6500 | Register |
| PM05 | 02 Mar 2020 | 13 Mar 2020 | Vienna | US$ 9500 | Register |
| PM05 | 03 May 2020 | 14 May 2020 | Dubai | US$ 7000 | Register |
| PM05 | 13 Jul 2020 | 24 Jul 2020 | Kuala Lumpur | US$ 7500 | Register |
| PM05 | 14 Sep 2020 | 25 Sep 2020 | Istanbul | US$ 7500 | Register |
| PM05 | 01 Nov 2020 | 12 Nov 2020 | Alexandria | US$ 6500 | Register |
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Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.
Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.
We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.
Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.
A- Have staff trained in the latest training and development approaches
B- Support nationalization and talent management initiatives
C- Have properly trained and informed people who will be able to add value
D- Gain relevant technical knowledge, skills and competencies
A- Develop job related skills
B- Develop personal skills in subject matter
C- Have a record of your growth and learning results
D- Bring proof of your progress back to your organization
F- Become competent, effective and productive
G- Be more able to make sound decisions
H- Be more effective in day to day work by mastering job-related processes
I- Create and develop competency to perform job well
A- 10% discount after 05 candidates’ registration.
B- 15% discount after 10 candidates’ registration.
C- 20% discount after 20 candidates’ registration.
D- 25% discount after 25 candidates’ registration.
E- 30% discount after 30 candidates’ registration
F- Higher discount rates will be offered based on work volume with different clients.
A- One extra free seat is offered on 4 candidates on the same course and dates.
B- Two extra free seats are offered on 6 candidates on the same course and dates.
C- Three extra free seats are offered on 8 candidates on the same course and dates.
D- Four extra free seats are offered on 10 candidates on the same course and dates.
E- Five extra free seats are offered on 12 candidates on the same course and dates.
Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s).
If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.
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Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.
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