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You Will Learn How To
- Manage complex projects involving substantial budgets, strategic risks and aggressive time scales
- Determine key business benefits and project financial feasibility
- Communicate effectively with key stakeholders to ensure project success
- Monitor and report project progress using Earned Value Management
- Evaluate vendor proposals using a contracts and procurement process to match the project requirements
- Prepare and present project-based proposals to solve business needs
Course Benefits To avoid delay, disruption and extra work, project managers need strong analytic, communication and problem-solving skills to make business and organizational decisions. Through an intensive four-day project simulation, you experience real-world situations in which your recommendations and decisions impact the outcome of your project. You also have access to productivity tools and templates for use back at work.
Who Should Attend Project and program managers responsible for managing business-focused projects. Experience creating WBS, Gantt and Network charts, and performing basic risk analysis at the level of Course 296, " Project Management: Skills for Success," or Course 340, " Project Management for Software Development," is assumed.

Through an authentic case study simulation, you gain experience presenting plans and managing business issues in a complex project. Activities include:
- Identifying and managing stakeholders
- Analyzing project feasibility
- Preparing a communication plan
- Identifying and analyzing strategic risk
- Assessing suppliers against established standards
- Evaluating project progress using EVM
- Responding to project change
- Measuring and presenting results
- Presenting project proposals to stakeholders
- Tracking lessons learned for organizational improvement
Course 287 Content Defining and Managing Project Complexity
- Combining project life cycle and project process
- Examining the art and science of project management
- Implementing essential support documentation and systems
Assessing Project Viability
Selecting projects based on financial assessment
- Payback
- ROI
- DCF
- NPV
- IRR
- Exploring cash flow profile implications
Examining costs and benefits
- Appraising business benefits
- Evaluating the project's soft benefits
Determining project feasibility
- Identifying strategic risks in the project
- Analyzing project environment factors that influence success
- Employing checklists
Managing Stakeholders and Project Communication
Adopting a stakeholder management process
- Managing stakeholder priorities
- Determining stakeholder significance and impact
- Putting actions in place to manage the stakeholders
Defining an effective communication plan
- Identifying barriers to communication
- Selecting the appropriate media
- Implementing and using a RACI diagram
- Choosing a communication channel
- Deciding how frequently to communicate
Developing the Project Lifecycle
Methodology challenges
- Handling rapid development cycles
- Mitigating increased risks
The role of the Project Management Office (PMO)
- Defining the functions of a PMO
- Leveraging the advantages of a PMO
Managing Strategic Risks
Developing a risk management process
- Identifying strategic risks in the project
- Employing checklists
Analyzing strategic project risks
- Evaluating the impact of risk on your plan
- Qualitative vs. quantitative techniques
- Managing project risk budgets
- Prioritizing risk action plans
Managing Contracts and the Procurement Process
Planning procurement strategies
- Applying a vendor selection process
- Evaluating "make or buy" decisions
- Calculating cost of ownership
- Evaluating vendor proposals
Soliciting external contracts
- Deciding the type of contracts to use
- Negotiating contracts to manage risk
Employing Earned Value Management (EVM)
Reporting project status
- Tracking against schedule and budget
- Computing CV, SV, CPI and SVI measures
- Charting project performance
Predicting likely project outcomes
- Ensuring the EVM data is correct
- Avoiding common traps of EVM
- Interpreting EVM charts for decision making
Managing Project Change
Implementing change management
- Mapping the business processes
- Planning for soft issues in change
Designing an effective change control process
- Identifying sources of change
- Setting controls and thresholds for change
- Crafting a change management process
- Avoiding the "gold plating" culture
Creating Project-Based Proposals
Presenting recommendations
- Preparing a project proposal
- Key strategies for delivering the proposal
- Closing and evaluating the project
- Leveraging lessons learned
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"Learning Tree provided me with a useful cross section of project management training. Like all training, an opportunity to get out of the office, to clear the mind and to interact with a wider range of project management professionals is almost as big a bonus as the course content itself. Furthermore, Learning Tree instructors are very good. They know their stuff and deliver quality instruction that's backed by useful experience."
– N. Barker Royal Navy
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