1. marcus evans professional training
Delivering to Budget:
Advanced Project Cost Management
PROJECT MANAGEMENT SERIES
By the end of the course participants will be able to:
• Describe the 4 steps of project cost management
• Define responsibilities for project cost management
• Explain why life-cycle costing should be applied to every project
• Describe the 5 different levels of estimates
• Apply 3 different approaches to developing a cost estimate
• Use cost estimates to prepare and present a project budget
• Apply earned value concepts effectively and inexpensively
PMPs are eligible to earn 14 PDUs upon completion of this training
Participants are encouraged to bring their own project documents for possible use in class exercises and discussions
“Beware of little expenses: A small leak will sink a
great ship.”
Benjamin Franklin
Endorser
professional training

2. Delivering to Budget: Advanced Project Cost Management
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Overview:
This two-day programme is designed to help you develop project cost management skills that will be immediately useful, usable, and used back on the job. How do we do this?
We use real projects as the basis for all of the key exercises. This allows participants to learn in a more realistic environment that is not black and white, but shades of gray - just
like the real world.
This programme will help you develop the skills needed to manage costs throughout the project life-cycle. You will learn about different levels of estimating accuracy, different
approaches to developing estimates, and the crucial difference between estimates and budgets. You will learn about 3 different approaches to preparing cost estimates and
when to use each one. You will also learn about the “right” way to apply earned value so that your project can benefit from the approach without incurring unreasonable
overhead.
Approximately 50% of class time is devoted to casework and experiential learning. During hands-on exercises, you will work as part of a team to analyse
resource pools, prepare cost estimates from varying inputs, and compete against other teams in “Milestones: the Game of Projects” to learn how to apply earned
value techniques.
Key areas to be covered in the programme and documentation
Testimonials from Mr.
Day One
Duncan’s clients:
Session One “Bill conducted a brilliant PM training
Setting the stage for the two-day workshop course at my workplace. The framework
• Introductions, ground rules, and expectation setting he provided for planning and executing
our vendor management process was
• Project cost management activities
invaluable to our organization. The course
• Cost management vs. financial management had a significant positive impact on how
• Types and units of costs we controlled future projects.”
TEXAS INSTRUMENTS
Exercise: Participants will identify their project cost management challenges
“I was very happy with the services
Session Two provided and recommend Bill to any
organization seeking improvement in their
Planning for cost management project management disciplines.
• Cost and the project life-cycle Specifically, Bill has an expert’s
• Who’s responsible? understanding of the subject matter AND
• Do you need a written Cost Management Plan? effective training methodologies. Bill
teaches from his vast experience and
• Life-cycle costing readily provides real world examples of
best practices in project management.”
Exercise: Participants will begin developing content for a Project Cost Management Plan R&D DIRECTOR / PDP CHAMPION
COVIDIEN
Session Three TYCO HEALTHCARE
Resource planning: The starting point
• The 5 Ms: Resource categories “Bill led an excellent project management
training course at my workplace. The
• Defining your resource pool framework he provided for planning and
• Forecasting resource productivity executing our large IT projects was
• Effort vs. duration and their impact on costs invaluable to our organization. The course
had a significant positive impact on how
our staff controlled future projects.”
Exercise: Participants will document the components of their resource pools
CLARKE COUNTY GEORGIA
Session Four
“Bill Duncan is a brilliant and street-smart
Cost estimating: Striving for accuracy contributor to the practice of Program
• 5 levels of estimates: Order of magnitude to definitive and Project Management, in the USA,
• The high cost of precision and throughout the World. His insights
about any PM-related topic seem to be
• Strengths and weaknesses of different approaches
accurate and always useful, his facilitation
• How and when to prepare a bottom-up estimate and performance in meetings exemplary,
• How and when to prepare an analogous estimate and his contributions to my own learning
• How and when to prepare a parametric estimate outstanding.”
PROJECTEXPERTS
Exercise: Participants will prepare sample estimates using all 3 types of estimating approaches
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3. Delivering to Budget: Advanced Project Cost Management
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Turning ‘Theory’ into ‘Practice’
This highly interactive and intensive training course provides attendees with the latest practices, tools and techniques. Our format combines real-world practical case study
examples, hypothetical scenarios, group exercises and tutorial-style presentations with a focus on collaborative and interactive learning.
Day Two
Testimonials from our recent
Session One
training participants:
Cost estimating: Striving for accuracy (continued) “Content of training is more than
• Cost estimating tools efficient!”
• Should-cost estimates PETRONAS
• Cost of quality
• Basis of estimate “Good exposure for Project Performance
Measurements and it was a very fruitful
course that I ever attended.”
Exercise: Participants will document the basis of estimate for their practice estimates SENIOR PROJECT ENGINEER
TECHNIP
Session Two “Very good balance of presentation
Cost budgeting: Developing budgets for effective project control methods: Power point, discussion,
• Cost codes and the Work Breakdown Structure excercises-workshops, ideal break times.”
• Time-phased budgeting COMMERCIAL MANAGER
BALFOUR BEATTY
• Risks and assumptions
• Reserves and contingencies
“Compact Training Manual. All in 2 Days.
• Getting the budget approved Well done !!”
PROJECT DIRECTOR
Exercise: Participants will evaluate alternative approaches to budget presentation BH MARINE & OFFSHORE
Session Three “ (Great) Sharing of speaker's concept
Cost control: Controlling project cost throughout the project life cycle and experience. Sharing lessons learned
• Accumulating actuals: Invoices and timesheets with speaker and other participants.”
ASSISTANT GENERAL MANAGER
• Variances: How big is too big?
BOUSTEAD NAVAL SHIPYARD
• Adjusting the baseline for approved changes
• Re-baselining
“Great preparation and brilliant
• Reporting options presentation!”
FEDERAL TERRITORIES
Exercise: Participants will analyse different status reports to determine the project’s condition
“Training was very thought provoking
Session Four and drives reflection on one's own
Using earned value the right way management style/impact.”
• Strengths and weaknesses EXXON MOBIL
• Choosing the right approach and the right level for earning value
• Forecasting approaches
• Choosing corrective action Endorser
Exercise: Participants will team up to play “Milestones: the Game of Projects” to see how earned value helps
improve cost control
The Project Management Institute
Session Five Malaysia Chapter (PMIMY) is the local
Recap and Review chapter of the Project Management Institute
• Getting the most from what you've learned: Less is often more (PMI), the world’s leading not-for-profit
organization associated with the project
• Mapping the tools and techniques to your project cost management challenges management profession. PMI has a global
membership of more than 327,000 as at 30th Sep
2010. PMIMY was founded in 1994 in Malaysia to
advocate and advance project management
excellence and discipline in Malaysia.
professional training
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4. Delivering to Budget: Advanced Project Cost Management
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Benefits to you
• Small class size to enhance learning experience and interaction with trainer and other participants
• Learning from expert facilitator on the subject matter
• Sharing on latest practices, tools and techniques
• Putting theory into practice: Immediate application in the workplace
Who should attend?
This training is tailor-made for Programme Managers, Project Directors, Project Managers, and Team Leaders who would like to improve their ability to manage multiple projects effectively.
Duration of Course: 2 Days
Location & Dates: Renaissance Hotel, Kuala Lumpur | 6th & 7th March 2013
Course Code: KL-GMP3229
Other Project Management Programme in our Portfolio includes:
• Project Performance Measurement • Project Resource Planning & Scheduling • Managing Large & Complex Projects
• Finance for Project Managers • Leading Successful Project Teams • Project Risk Management
Programme schedule
Day One & Two
0830 Registration and morning coffee
0900 Morning session begins
1030 Morning refreshments and networking break
1245 Networking luncheon
1345 Afternoon session begins
1545 Afternoon refreshments and networking break
1730 Course concludes
About your trainer
William R. Duncan President
Project Management Partners, US
William R. Duncan is the President of Project Management Partners, a project management consulting and training firm headquartered in Lexington, MA USA. He is currently Director of
Certification for the American Society for Advancement of Project Management (asapm) and a Board Member of the Global Alliance for Project Performance Standards (GAPPS). In addition,
he is the former Director of Standards for both asapm and the Project Management Institute, Inc. (USA).
Mr. Duncan has over 40 years of management and consulting experience including five years with a major international consulting firm. He was the primary author of the
original (1996) version of A Guide to the Project Management Body of Knowledge. With over 3,000,000 copies distributed worldwide, this seminal work is the most widely
used project management guide in the world today. In addition, his “process model” of project management was used as the basis for ISO 21500, Guidelines for Project
Management.
Mr. Duncan has authored over 40 articles for publications such as The Project Management Journal, PMNetwork, Projects@Work, and Chief Projects Officer. He has been chosen “Speaker of
the Year” by three different project management professional associations. He has presented papers at conferences sponsored by asapm, PMI, AIPM, IPMA, FOSTAS, and others.
Mr. Duncan has helped clients in North America, Latin America, Europe, and Asia improve their organisational competence in project management. Major clients include Camp Dresser &
McKee, China National Communications, Codelco, EMC2, Entergy Corporation, First Data Resources, Golden Telecom, Investors Group, Liberty Mutual Insurance, Manitoba Telephone, One-
S, Polaroid, Schlumberger, Sybase, and Texas Instruments.
He has also been called upon to provide expert testimony regarding proper project management processes for a major US law firm.
He is a 1970 graduate of Brown University in Providence, RI and has done post-graduate work at Boston University and Northeastern.
Some of Mr. Duncan’s Clients:
• Allied Signal Aerospace • Cabot LNG
• Camp Dresser & McKee • Context Integration
• First Data Resources • Investors Group
• Khafji Joint Operations (Kuwait) • Manitoba Telecom Services
• Molecular Systems • Pittsburgh Project Management Center
• Polaroid Corporation • Qatar Petroleum
• Rizzo Associates (a Tetratech company) • SABIC
• State of Oregon • Sybase
• Texas Instruments • Toys 'R' Us
• US Environmental Protection Agency • Westfield Group
• VTB Moscow
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professional training
Trainers – key to our success!
marcus evans’ trainers are leading associate trainers. This ensures that our trainers are the best and most appropriate trainers for each individual course in terms of areas
of expertise, training style, commercial industry experience and proven results.
We choose trainers who are specialists in their respective fields and are dedicated to enhancing the skills and knowledge of our delegates through practical, interactive and
applicable training.
Training style – making training dynamic!
Our trainers are selected on their ability to inspire, motivate and empower delegates. This is achieved by delivering training that is dynamic and relevant to the day-to-day
challenges delegates face in the real world.
All of the training courses offered represent a blend of tried and tested methods as well as the latest tools, techniques, market research, case studies and dynamic ways
of thinking.
A maximum of 25 delegates per course in deluxe training venues allows for interactive training through group discussion, role-plays and exercises giving delegates the “how
to” applicable and adaptable skills that they can use on returning to work.
Course content – making it relevant!
All delegates complete detailed pre-course questionnaires before the event enabling trainers to tailor course content in order to meet specific delegate needs.
Delegate objectives are re-visited before, during and after the event allowing us to focus on outcomes and address any delegate concerns as and when they arise.
Where applicable, our trainers also act as coaches in providing one-to-one advice and feedback both during and after the course. To support your learning, we provide extensive
documentation on all courses including, theory, models, exercises, worksheets, case studies, action plans, slides and further reading and reference material.
Course information
Upon receipt of your completed registration form you will receive formal confirmation of your booking. Approximately three weeks before the respective course you will receive
all pre-course information including joining instructions, course timings, venue and accommodation information and pre-course questionnaires.
Further information
Please visit www.marcusevanspt-asia.com for further course information and training resources including:
• Course Booking and Administration Notes
• Accommodation Booking Service
• Special Offers and email Updates
• Recommended Reading Materials
• Training Articles and News
• Over 50 Public Course Outlines and In-Company Training Solutions
In-company training solutions
If you have a number of delegates with similar training needs then you may wish to consider having a cost-effective in-company training solution delivered locally or on-site.
Courses can be tailored to specific requirements or developed as bespoke solutions. We also deliver activated teambuilding and leadership in-company workshops.
Please contact Sarah Faradilla to discuss further possibilities at +603 2723 6600 or email sarahf@marcusevanskl.com
marcus evans professional training courses combine the latest tools, techniques, market research, case studies and dynamic ways of thinking, delivered
by experienced trainers to ensure the skills and knowledge acquired are directly applicable to your organisation.
Research the latest concepts, tools, techniques and tried and tested methods
Trainers the highest standard of dynamic trainers with cross-industry experience
Tailored detailed pre-course questionnaires to address your objectives
Applicability training relevant to your needs and your workplace
Interactive limited numbers with group exercises, role-plays and feedback
Action planning, implementation and follow-up
Documentation comprehensive supporting notes and further reading materials
Venue deluxe facilities supporting the training environment
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6. Delivering to Budget: Advanced Project Cost Management
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