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Course Summary
Participants will gain an understanding of advanced techniques in project schedule control. This includes the ability to read, understand and review project schedules prepared with advanced methods, as well as frame project decisions in the language and perspectives of project leaders.
Key Topics Covered:
This course will provide a detailed extension into understanding project scheduling. It will include an overview of:
- Project governance, gating and approvals and how gating manages risk and provides opportunities for oversight;
- Probabilistic (Monte Carlo) and Bayesian methods for uncertainty, event-chain, options, and contingency analysis;
- How confidence intervals are used to estimate the project’s likelihood of achieving schedule sensitivity analysis and robustness;
- How schedules can be optimised to reduce project duration or level resources
- Advanced schedule and resource optimisation with imposed parameters and constraints
- Advanced schedule visualisation techniques, including: milestone charts, roadmaps, Gantt charts, line-of-balance and time/distance diagrams, Building Information Modelling (BIM);
- Software to model, optimise and visualise project schedules
- Communicating project schedule information in status reports;
- Unconscious bias and strategic misrepresentation; and,
- How the planning and sunk cost fallacies, and other biases lead to poor project decisions; and
- How schedule estimates can be ‘reality-checked’ using reference-class forecasting further opportunities for developing as a project professional.
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