Best Practices in Managing Construction Projects

Ref	PM 480	PM 610
Dates	4 - 8 October 2009	21 - 25 November 2010
Venue	Dubai	Dubai
Fees	US$ 3850	US$ 3850
CPE Credits	30	30

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 recognise 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.

WHO SHOULD ATTEND?

This programme is designed for project executives, 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

PROGRAMME OBJECTIVES

Understand main concepts of engineering economic evaluation
Recognise main causes for construction claims
Evaluate Cash Flow impacts
Develop 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

COMPETENCIES EMPHASISED

Rapid Estimate Development
Cash Flow Impacts
Project Planning
Project Monitoring
Hands-on Computer Tools
Managerial methods for project compression

PROGRAMME SUMMARY

This programme starts with grounding in the fundamentals of estimating, planning, scheduling, and cost control followed by an extensive hands-on application of the latest computer tools. This training session will aid in generating a workforce that is well attuned to the strategic importance of the integration of scheduling, estimating, and project monitoring into the overall mission of the organization leading to increased profits and better delivery of projects.

PROGRAMME OUTLINE

DAY 1 - Project Financial Analysis and Construction Claims

Project Delivery Systems
Review of Project Economic Evaluation
Claims Avoidance and Management
Risk Management

DAY 2 - 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

DAY 3 - Project Scheduling Techniques

Introduction to Planning
Task Characteristics and Duration Assessment
Planning and Scheduling Methods
Linear Scheduling Methods
Critical Path Scheduling
Constraint Types
Milestones

DAY 4 - Advanced Project Scheduling

Lead/Lag Scheduling
PERT Methods
Reporting Issues
Resource Allocation Methods
Time-Cost Tradeoff
Managerial strategies for project acceleration and compression

DAY 5 - 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

To Register on this seminar, please click here