Module 1: Adaptive (Agile) Project Management
Day 1
Understanding Projects and Project Management
- Characteristics of Projects
- Fundamental Concepts of Project Management
- Setting-up for Success - The Charter
- Setting-up for Success - The Project Team
- Setting up for Success – Needs analysis & Solution Vision
- Understanding Stakeholders
Day 2
Predictive Project Management - Planning
- Product Scope Planning - requirements collection
- Project Scope Planning - establish work breakdown structure
- Schedule Planning - constructing the project timeline
- Schedule Planning - optimizing the project timeline
- Cost Planning - cost planning and estimation
- Cost Planning - establishing the project budget
Day 3
Predictive Project Management - Control
- Risk Management - Risk Identification and Analysis
- Risk Management - Establishing Risk Response Approaches
- Managing Project Change
- Controlling Adversity through Effective Contingency Planning
- Controlling Progress through Earned Value Management
Day 4
Adaptive Project Management
- SCRUM Foundations - Characteristic of Highly Effective Teams
- The SCRUM Framework
- Key Roles of Scrum - The Product Owner
- Key Roles of Scrum - The Scrum-master
- Key Roles of Scrum - The Self-organized Team
- Key Artifacts of Scrum
Day 5
Practical Considerations in the Application of SCRUM
- Sprint Planning Techniques
- Executing Iterations - The Scrum “Sprint”
- Continuous Learning Techniques through Project Retrospective
- Course and Techniques Review
- Contrasting Control Mechanisms of these Different Approaches
Module 2: Project Analysis : Tools & Techniques for Managing Risk & Uncertainty
Day 6
Fundamentals of Decision Analysis
- What is project management decision analysis?
- The purpose of the project business case
- The need for systematic risk management for decision-making
- Risk and uncertainty on projects
- Option analysis
- Identifying key decision-making factors
Measures of Project Profitability
- Fundamental tools of engineering economics
- Time value of money
- Appraisal methods - Discounted Cash Flow Projections
- Time equivalence
Day 7
Cash-Flow Modelling and Project Decision Analysis
- Financial Modelling and Project Evaluation
- Internal Rate of Return computations (IRR)
- Determining the Internal Rate of Return (IRR)
- The risk of not understanding IRR
Analysing Project Specifics
- Understanding the project context to assist in decision-making
- Determine stakeholders and their level of influence
- Capture requirements
- Determine scope of work
Day 8
The Cost of Capital
- Capital & Operating Expenditures (CAPEX / OPEX)
- Estimating the cost of capital for a project
- Benefit-Cost Ratio (BCR)
- Dis-benefits
Risk Modelling in Practice
- Identify Risks
- Forecasting risk impacts & probabilities
- Opportunity costs, sunk costs & salvage value of a project
- Determining the Risk Priorities
- The need for company cash flow
Day 9
Decision Analysis: Expected Value Concept
- Basic Probability Concepts
- Fundamental probability concepts
- Mutually & non-mutually exclusive, independent events
- Quantitative Project Risk Analysis
- Semi-quantitative bow-tie process
- Detailed risk quantification and prioritisation
- Expected monetary value
- Scenario planning
- Sensitivity Analysis Tools
- Simulation process
- Tornado diagram
- Defining the variables - PERT
Day 10
Decision Trees, EMV, Risk Responses and ROI
- Decision Tree Analysis
- Developing decision trees
- Solving decision trees
- Risk Responses
- Developing risk responses
- Evaluating response relevance
- ROI Analysis
- Understanding ROI
- Identifying ROI
- Evaluating and presenting your project options