Cost and Schedule Control Workshop 5-6 Oct 2010

The key secret: 'CONTROL' is a PRO-ACTIVE activity. It requires that an influence be exercised that positively affects the outcome. This means that the person seeking to control a project must take ACTION based on a well-defined plan, as opposed to REACTING to events after they have happened.
Objectives:
Participants are expected to be able:
• To explain the project control cycle
• Prepare cost & schedule baseline
o Measure and analyze cost/schedule performance
• Manage influencing factors impacting final completion and cost of project
• Take preventive actions prior to occurrence of unnecessary costs
Topics discussed:
• Project Control Cycle and processes
• Procedures for establishment of cost & schedule baseline plan
• Monitoring, tracking of cost and schedule progress
• Change Control System
• Cost and schedule reporting and Analysis
• Schedule control Measures
• Cost Control Measures ( related to direct material cost – direct labor – indirect – subcontract - and overheads)