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Training ServicesProject Foundations®

Scope, Time, and Cost: The Core of Project Management

This course delivers practical, hands-on training in how to manage scope, schedule, and budget in Waterfall (Predictive) and, where applicable, Agile projects. Participants discuss critical pre-project analysis, examine the development of effective requirements, and then proceed to the establishment of project plans and baselines for scope, schedule, and cost. The techniques covered support budget accuracy, control over budget and schedule, cost and time forecasting, the management of risk exposure, the prevention of scope creep and, ultimately, implementation techniques that support the realization of post-project value. Topics include:
  • How project management prevents cost overruns and delays
  • Setting boundaries with a project charter
  • How to develop useful estimates
  • Requirements development and management
  • Establishing a scope baseline
  • Building a project schedule
  • Project procurement
  • How to create a project budget
  • The project performance baseline
  • Reporting progress, status, and forecasts
  • How to manage the cost and time impact of risk
  • How change control protects time and cost objectives
  • How an effective Transition can enhance Business Value
Who should attend
This course is of immediate value to Product Owners, Project and Program Managers, Portfolio Managers, Budget Analysts, Project Estimators, Functional Managers, PMO/COE Directors, Product Development Directors, Senior Managers, Acquisition/Procurement Officials, and Business Managers with project responsibility.

This course assumes some experience with project work and budgeting.

Course Outline

I. Introduction
  • Definition of project
  • Keeping projects in balance
  • Agile and Waterfall Methodologies
  • Scope and Time in Waterfall and Agile
  • Project Success
II. Project Initiation
  • Business Case
  • Project Charter / Agile Vision Document
  • Business and project objectives
  • Preliminary scope boundaries
  • Preliminary time / cost estimates
  • Estimation techniques - PERT
  • High level risk assessment
  • Stakeholder engagement
  • Initiation deliverables
III. Project Planning: Scope
  • Definition of Scope
  • Requirements development
  • Work Breakdown Structure (WBS)
  • Scope Statement and the WBS Dictionary
  • Scope baseline
  • Impact of scope planning on schedule and budget
IV. Project Planning: Schedule
  • Schedule development in Waterfall
  • Project network diagram
  • Resource planning
  • Critical Path and float
  • Schedule baseline
  • Scheduling in Agile
V. Project Planning: Budget
  • Project Budget
  • Sources of project cost
  • Budget and Cost concepts
  • Time Phased Budget
  • Project Funding Curve
  • Tracking cost
  • Controlling cost
VI. Project Planning: Procurement
  • Planning procurement
  • Bid solicitation
  • Vendor search and selection
  • Working with contracts
  • Procurement pitfalls
  • Impact of procurement on budget
VII. Project Planning: Risk
  • Definition of risk
  • Work of risk management
  • Sources of risk
  • Tools for risk identification
  • Evaluating threats
  • Risk responses
  • Risk reserves and the risk budget
VIII. Project Monitoring and Change Control
  • Sources of change
  • Foundation for change control
  • Controlling the scope baseline
  • The work of change control
  • Change control tools and process
  • Benefits of effective change control
IX. Status Reporting / EVM; Transition
  • Status reporting and reporting tools
  • Earned Value Management (EVM)
  • Project Performance Baseline
  • Reporting status and forecasting
  • Transition supports Value Realization
This class includes over 30 hands-on exercises and class discussions that reinforce learning and retention.

Why should I take this course?
  • If you are experiencing difficulties defining and managing project budgets and schedules, the material in this course will give you an understanding of steps you can take to gain control.
  • Experienced project managers will obtain a vocabulary and framework that lends new perspectives on budgeting to the wealth of experience they already have.
  • All participants take home a set of tools and techniques to help them deal with the many aspects of project scope control, scheduling and budgeting.
  • Take this course and learn how to avoid the scheduling and budgeting problems that business managers most often encounter in their projects.
Learning Approach
  • A highly experienced instructor will use interactive lecture format, numerous hands-on exercises, team activities, group discussions, and other techniques to drive home the essential points of this material.
  • You have the option of using your own, ongoing project as the focus of class exercises. As a result, not only do you gain experience with the tools, but you also learn more about your project.
  • If you have modest project management knowledge, you will find that the clarity of the material and direct presentation style of the instructor will make the subject matter easy to understand.
  • All course material is fully aligned with the latest release of PMBOK® and BABOK® Guides.
Use this courseware to teach your students!
This course is available under license to qualified Training Providers. Courseware materials include:
  • Instructor slides
  • Instructor manual with timing guide
  • Printed participant guide
  • Train the Trainer instruction
  • Written for classroom or virtual delivery
For more information, see   Courseware-On-Demand or Contact Us

Every course and workshop in our Project Training program is fully customizable. We offer virtual delivery of the training program you need. Call us: +1.919.495.7371.

All of our courses are fully compliant with the latest release of each relevant standards document such as the PMBOK® Guide, Standard for Portfolio Management, BABOK® Guide, and others.
Course Information
Course ID: 2050
Duration: 3 days
Delivery: Virtual or onsite
Class size: 6 - 20
· PMP® certified instructor
· Participant Guide
· Participation Certificate
· 21 PDUs
  Tech:17 Lead:4 Strat:0

Download this course description as a printable PDF document.

Pricing Information
On-site discounts are available.

Ready to enroll?
Call 1-800-877-8129
(+1 919-495-7371)

Questions?  Please feel free to Contact Us

Training Providers:
License this courseware!

For for more information, call:
  800-877-8129 or
  (+1 919-495-7371)
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