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Project Management II: Execution, Controlling & Closing

Bring your project management skills to a higher level in this immersive workshop at NYIM Training. You'll go deep into advanced concepts such as task analysis and the critical path method, building the practical ability to execute, monitor, and close projects with confidence.

  • Intermediate
  • 18 and older
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  • 185 Madison Ave, New York, NY & Virtually Online
  • 7 hours

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Class Description

Description

Take your project management expertise to the next level with this comprehensive intermediate/advanced course. Explore sophisticated concepts including task analysis, critical path methodology, detailed planning, project timelines, and continuous monitoring strategies.

In this hands-on workshop, you'll examine the five phases of project management in depth, investigating the challenges and complexities inherent to each stage. You'll develop the essential competencies for executing, controlling, and closing projects with particular emphasis on budgeting strategies and risk management. This engaging, interactive workshop encourages active participation throughout. You'll receive a practical workbook containing both essential knowledge and numerous exercises to complete during class.

By course completion, you'll understand how to actively manage projects throughout their execution phases. You may take this course independently or combine it with Project Management: Initiation and Planning for comprehensive project management knowledge.

Course Overview:

The course begins by examining the project team more closely. What characteristics define a high-performing team? How should talent be cultivated? What qualities should you seek in team members? These questions and others are explored through collaborative group discussions and facilitated brainstorming.

The course then shifts toward quantitative analysis as you transition to the execution phase. You'll analyze brief project case studies and work through the process of calculating actual costs and measuring work performance. This culminates in cost performance analysis and cost completion estimation.

Next, you'll address resource management situations where project resources face overallocation or constraints. You'll construct appropriate tables and charts to visualize and resolve these challenges.

Risk management is organized into four components: identification, assessment, planning, and monitoring. Working in teams, you'll examine sample projects and evaluate potential risks throughout their lifecycle.

You'll also determine what meetings should occur, which reports to create and distribute, and what communication plans are needed. Practice creating efficient project meeting agendas, writing progress reports, and developing comprehensive communication strategies.

The closing phase addresses project conclusion activities, including final payment collection, team recognition, and documentation archiving. You'll create a sample post-project evaluation.

This one-day workshop concludes with an overview of project management software tools, professional associations, and industry certifications.

This Class is For Students Who:

  • Understand the five phases of project management
  • Know how to create project proposals and business cases
  • Desire an in-depth study of project management principles
  • Need strategies and tools for better team collaboration

Prerequisite

Knowledge and skills equivalent to our Project Management Level I course are required.

What You'll Learn at a Glance:

  • Assemble project teams and execute project kickoffs
  • Manage and estimate project costs accurately
  • Optimize and allocate resources effectively
  • Identify project risks and develop mitigation plans
  • Determine project milestones and required resources
  • Apply Work Breakdown Structure to organize and prioritize tasks
  • Navigate challenges, manage changes, and handle uncertainty

Course Syllabus:

  • The Project Team
    • Team Development Principles
    • Stages of Team Development
  • Budgets and Costs
    • Types of Project Costs
    • Calculating Activity Costs
    • Determining Total Project Budget
  • The Execution Phase
    • Calculating Actual Project Costs
    • Measuring the Value of Work Performed
    • Assessing Cost Performance and Project Status
    • Conducting Cost Analysis
    • Implementing Cost Controls and Corrective Actions
  • Managing Limited Resources: Leveling and Smoothing
    • Resource Leveling Strategies
    • Resource-Limited Scheduling Approaches
  • Risk Management
    • Identifying Risks and Issues
    • Understanding Common Risk Types
    • Developing Risk Mitigation Strategies
  • Project Communication
    • Planning and Running Effective Meetings
    • Creating Project Reports
    • Developing Communication Plans
  • The Closing Phase
    • Processing Final Payments
    • Recognizing and Evaluating Staff Performance
    • Conducting Post-Project Evaluations
    • Documenting Lessons Learned
    • Archiving Project Documentation
    • Gathering Customer Feedback
    • Handling Early Project Termination
  • Agile Project Management
    • Agile Overview and Principles
    • Understanding the Agile Manifesto
    • Comparing Agile to Waterfall Approaches
  • Agile Frameworks
    • Scrum Framework
    • Kanban Framework
    • Extreme Programming (XP)

Learn more about Project Management Level II: Execution, Controlling, and Closing at NYIM Training.

Syllabus

The Project Team

Team Development

  • Assembling a Team
  • Project Kickoff Meeting
  • Characteristics of Effective Teams
  • Barriers to Teams

Stages of Team Development

  • Stage 1: Forming
  • Stage 2: Storming
  • Stage 3: Norming
  • Stage 4: Performing

Budgets & Costs

Types of Costs

  • Resource cost rates
  • Reserve analysis
  • Contingency budget
  • Cost of quality

Determining Activity Costs

  • Estimate Activity Costs

Determining Project Budget

  • Calculations
  • Total Budgeted Cost (TBC)
  • Time-Phased Budget
  • Cumulative Budgeted Cost (CBC)

The Execution Phase

Determining Actual Costs

  • Determine Actual Cost
  • Compare Actual Cost to Budgeted Cost
  • Actual Accumulated Cost by Period
  • Cumulative Budgeted & Actual Cost Curve

Determining the Value of Work Performed

  • Determine Value of Work Performed
  • Earned Value (EV)
  • Cumulative Earned Value

Cost Performance & Project Status

  • Analyze Cost Performance
  • Measure Project Status

Cost Analysis

  • Analyze Cost Performance
  • Cost Performance Index (CPI)
  • Cost Variance (CV)
  • Estimating the Cost at Completion
  • Forecasted Cost at Completion (FCAC)

Controlling Costs & Corrective Action

  • Cost Control Steps
  • When to Take Corrective Action

Limited Resources: Leveling & Smoothing

Resource Leveling

Resource Limited Scheduling

Risk Management

Risks & Issues

  • Identify Risks
  • Risk Assessment
  • Probability & Impact Matrix
  • Risk Appetite

Common Types of Risks

  • External Risks
  • Single Point of Failure

Risk Mitigation

  • Common Ways of Dealing With Risk

Project Communication

Meetings

  • Project Kickoff Meeting
  • Different Types of Meetings

Reports

  • Different Types of Reports

Plans

  • Project Plans
  • Document Control Plan
  • Project Communication Plan

The Closing Phase

Final Payments

Staff Recognition & Evaluation

Post Project Evaluation

Lessons Learned

Archive Project Documents

Customer Feedback

Early Project Termination

Agile Project Management

Overview of Agile

The Agile Manifesto

Agile vs. Waterfall

Agile Frameworks

Scrum

  • Scrum Concepts
  • Scrum Roles
  • Why is Scrum So Popular?
  • When Scrum Works Best

Kanban

  • Kanban boards
  • Work-in-Process (WIP) Limit

Extreme Programming (XP)

  • Extreme Programming (XP) Activities
  • Designing
  • Coding
  • Testing
  • Listening

Refund Policy

  • Students may cancel up to 11 business days before the class/program start date and receive a refund, less the registration fee (10% of the undiscounted course price).
  • Cancellations within 11 business days are not permitted, but students may reschedule up to 4 business days before the class start date.

For cancellations and reschedules, please email us at [email protected]

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