Code Date Venue Fees
PM063 23 - 27 Oct 2017 Istanbul - Turkey $5,500 Register
PM063 30 Jul - 03 Aug 2018 London - United Kingdom $5,500 Register
PM063 22 - 26 Oct 2018 Istanbul - Turkey $5,500 Register
Home » Seminars » Project Management » Project Performance Measurement and Management

Introduction

Many projects undertaken by organizations in the private and public sectors significantly overrun their deadline and budget. In many cases, projects produce agreed deliverables but are still not successful. Why? In the modern complex fast-moving world, there is an increasing recognition of the need to understand what value is to be realized from executing a project. Furthermore, in a global multi-skilled economy, there is an increased need for project teams to leverage modern collaboration capabilities to achieve innovative solutions.

Linked with the key decisions on how to align project outcomes with strategic objectives is the need to identify and use key performance indicators driven by appropriate metrics to control the delivery of value and ensure that a project maintains its purpose of providing the value that it was launched to achieve. Establishing project success criteria with related project metrics supports clear reporting. Dashboards that highlight key performance indicators enable senior management to make data-driven decisions that may correct and improve project work to ensure the project stays on track to deliver the expected value outcomes.

This interactive, applications-driven 5-day Project Performance Measurement and Management training course will highlight the added value to be achieved when effective control mechanisms are applied using project management techniques.

This training course will highlight:
  • Discussions on project success and failure
  • Exploration of the concept of value and value-driven project management
  • Definition of key performance indicators, metrics and reporting dashboards
  • Demonstration of techniques to control expectations through effective stakeholder management
  • Examination of effective governance mechanisms to support planning, execution (change) and performance management
  • Application of core planning techniques to enable management to control project scope, schedule, costs, uncertainty and quality

Objectives

At the end of this training course, you will learn to:
  • Appreciate the need to apply Value-driven Project Management
  • Create Key Performance Indicators & establish additional metrics to measure the increasingly complex nature of modern projects
  • Compose effective dashboards and scorecards to report project performance
  • Initiate projects effectively by incorporating success criteria to charters
  • Apply generally accepted project management techniques to establish an integrated project plan baseline
  • Measure, forecast, present status and control project performance by employing earned value techniques
  • Embrace the dynamic nature of many project environments through proactive change management

Training Methodology

The facilitator will introduce each of the core topics using a lecture format. Presentations are supported by reinforcement exercises to emphasize the application of theory in real-world project settings. The training course commences with an overview of the nature of projects and the fundamentals of project management. This enables delegates to reflect on how a project management framework supports effective control processes. This is supported by a detailed treatment of project metrics, KPIs and reporting formats. Standard techniques used to promote detailed planning of scope, schedule, cost and risk are introduced and applied by delegates.

Organisational Impact

This training course will help organizations to benefit from:
  • Improvements in linking strategic goals to projects by clearly identify expected value
  • Enhanced decision-making due to clear visibility of project progress and performance at delivering to expectations
  • Excelling in project management practice and increasing organizational maturity
  • Equipping employees in refining abilities for project leadership and management
  • Gaining confidence from customers by having project professionals capable of applying consistent project management techniques and effective progress communication processes

Personal Impact

Participants will benefit from:
  • Learning to recognize and address the increased complexity of the modern project management environment
  • Appreciating the need to recognize that value-driven approaches and a focus on “outcomes rather than outputs” is fast becoming the driving force of projects
  • Enhancing fundamental project management techniques used to start, plan control and close projects by leveraging advanced collaboration techniques
  • Introduction to the PMI PMBOK® standard which will support any future endeavors in pursuing the widely recognized CAPM® and PMP® certifications

Who Should Attend?

This training course is suitable to a wide range of professionals but will greatly benefit:
  • Associate Project Managers
  • Project Managers
  • Project Coordinators
  • Project Analysts
  • Project Leaders
  • Senior Project Managers
  • Team Leaders
  • Product Managers
  • Program Managers
  • Project Sponsors
  • Project Team Members

Seminar Outline

DAY 1

Understanding Project Success and Failure

  • Characteristics of projects
  • Fundamentals of project management
  • Starting a project - the charter
  • Starting a project - the team

DAY 2

Value-Driven Project Management

  • Value modelling and value metrics
  • Metric characteristics, selection, training and management
  • Project Scope planning - work breakdown structures
  • Schedule planning -build and optimize project timeline
  • Cost planning - estimation and construction of the project budget

DAY 3

Monitoring Performance through Effective Planning and Reporting Techniques

  • Controlling uncertainty - risk management
  • Controlling stakeholders - communications considerations
  • Key Performance Indicators
  • Status reports and project dashboards

DAY 4

Monitoring and Controlling Project Performance

  • Variance analysis using Earned value management
  • Forecasting to control project budgetary and schedule concerns
  • Managing change
  • Advanced status reporting techniques

DAY 5

Stakeholder Management

  • Issues management
  • Scope verification - requirements traceability
  • Management of project records
  • Problem-solving: identification, analysis and generation of solutions.
  • Decision-making tools and techniques

Accreditation

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  • Quality Logo

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

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Project Performance
Measurement and Management

Ensuring the Delivery of Project Value - Mastering Project Metrics


Upcoming Dates

Code Date Venue Fees
PM063 23 - 27 Oct 2017 Istanbul - Turkey $5,500
PM063 30 Jul - 03 Aug 2018 London - United Kingdom $5,500
PM063 22 - 26 Oct 2018 Istanbul - Turkey $5,500

Project Management Institute (PMI)® has reviewed and approved GLOMACS as a Global Provider of project management training. This is a PMI® Approved/Registered training seminar and hence attendance to this training course will enable those credentialed with PMI® to receive applicable PDUs upon updating their status with PMI®.

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

Introduction

Many projects undertaken by organizations in the private and public sectors significantly overrun their deadline and budget. In many cases, projects produce agreed deliverables but are still not successful. Why? In the modern complex fast-moving world, there is an increasing recognition of the need to understand what value is to be realized from executing a project. Furthermore, in a global multi-skilled economy, there is an increased need for project teams to leverage modern collaboration capabilities to achieve innovative solutions.

Linked with the key decisions on how to align project outcomes with strategic objectives is the need to identify and use key performance indicators driven by appropriate metrics to control the delivery of value and ensure that a project maintains its purpose of providing the value that it was launched to achieve. Establishing project success criteria with related project metrics supports clear reporting. Dashboards that highlight key performance indicators enable senior management to make data-driven decisions that may correct and improve project work to ensure the project stays on track to deliver the expected value outcomes.

This interactive, applications-driven 5-day Project Performance Measurement and Management training course will highlight the added value to be achieved when effective control mechanisms are applied using project management techniques.

This training course will highlight:
  • Discussions on project success and failure
  • Exploration of the concept of value and value-driven project management
  • Definition of key performance indicators, metrics and reporting dashboards
  • Demonstration of techniques to control expectations through effective stakeholder management
  • Examination of effective governance mechanisms to support planning, execution (change) and performance management
  • Application of core planning techniques to enable management to control project scope, schedule, costs, uncertainty and quality

Objectives

At the end of this training course, you will learn to:
  • Appreciate the need to apply Value-driven Project Management
  • Create Key Performance Indicators & establish additional metrics to measure the increasingly complex nature of modern projects
  • Compose effective dashboards and scorecards to report project performance
  • Initiate projects effectively by incorporating success criteria to charters
  • Apply generally accepted project management techniques to establish an integrated project plan baseline
  • Measure, forecast, present status and control project performance by employing earned value techniques
  • Embrace the dynamic nature of many project environments through proactive change management

Training Methodology

The facilitator will introduce each of the core topics using a lecture format. Presentations are supported by reinforcement exercises to emphasize the application of theory in real-world project settings. The training course commences with an overview of the nature of projects and the fundamentals of project management. This enables delegates to reflect on how a project management framework supports effective control processes. This is supported by a detailed treatment of project metrics, KPIs and reporting formats. Standard techniques used to promote detailed planning of scope, schedule, cost and risk are introduced and applied by delegates.

Organisational Impact

This training course will help organizations to benefit from:
  • Improvements in linking strategic goals to projects by clearly identify expected value
  • Enhanced decision-making due to clear visibility of project progress and performance at delivering to expectations
  • Excelling in project management practice and increasing organizational maturity
  • Equipping employees in refining abilities for project leadership and management
  • Gaining confidence from customers by having project professionals capable of applying consistent project management techniques and effective progress communication processes

Personal Impact

Participants will benefit from:
  • Learning to recognize and address the increased complexity of the modern project management environment
  • Appreciating the need to recognize that value-driven approaches and a focus on “outcomes rather than outputs” is fast becoming the driving force of projects
  • Enhancing fundamental project management techniques used to start, plan control and close projects by leveraging advanced collaboration techniques
  • Introduction to the PMI PMBOK® standard which will support any future endeavors in pursuing the widely recognized CAPM® and PMP® certifications

Who Should Attend?

This training course is suitable to a wide range of professionals but will greatly benefit:
  • Associate Project Managers
  • Project Managers
  • Project Coordinators
  • Project Analysts
  • Project Leaders
  • Senior Project Managers
  • Team Leaders
  • Product Managers
  • Program Managers
  • Project Sponsors
  • Project Team Members

SEMINAR OUTLINE

DAY 1

Understanding Project Success and Failure

  • Characteristics of projects
  • Fundamentals of project management
  • Starting a project - the charter
  • Starting a project - the team

DAY 2

Value-Driven Project Management

  • Value modelling and value metrics
  • Metric characteristics, selection, training and management
  • Project Scope planning - work breakdown structures
  • Schedule planning -build and optimize project timeline
  • Cost planning - estimation and construction of the project budget

DAY 3

Monitoring Performance through Effective Planning and Reporting Techniques

  • Controlling uncertainty - risk management
  • Controlling stakeholders - communications considerations
  • Key Performance Indicators
  • Status reports and project dashboards

DAY 4

Monitoring and Controlling Project Performance

  • Variance analysis using Earned value management
  • Forecasting to control project budgetary and schedule concerns
  • Managing change
  • Advanced status reporting techniques

DAY 5

Stakeholder Management

  • Issues management
  • Scope verification - requirements traceability
  • Management of project records
  • Problem-solving: identification, analysis and generation of solutions.
  • Decision-making tools and techniques

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

Quality Logo

GLOMACS is proud to be an approved Registered Education Provider (R.E.P.) with PMI®. As an R.E.P. GLOMACS is qualified to issue applicable Professional Development Units (PDUs) to participants of any of its PMI® registered/approved seminars where one (1) PDU is equivalent to one (1) contact hour of training.

REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.



© 2017. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Print Logo
P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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