Time Management Skills for Projects and Cost Management

Training course: Project time planning and cost management skills

Course objectives:

1. Understanding the fundamentals of project scheduling:

   • Learn how to identify the activities necessary to complete the project.

   • Understanding how to determine the time required for each activity.

   • Familiarization with scheduling and time management tools such as Gantt Chart, Critical Path Method (CPM).

2. Cost management in projects:

   • Learn how to estimate and analyze costs.

   • Understanding how to budget for the project and allocate resources.

   • Learn how to monitor and update costs as the project progresses.

3. Dealing with time and cost risks:

   • Knowing how to identify risks associated with time and cost.

   • Learn methods to reduce risks and improve time and financial performance.

4. Using software tools for project planning:

   • Training on tools and applications such as Microsoft Project and Excel in time planning and cost management.

5. Improving the ability to make strategic decisions in projects:

   • Understanding the relationship between time and cost and how to make decisions that affect the progress of the project.

The target audience of the course:

1. Project managers: those who wish to improve their skills in time planning and cost management.

2. Planners and administrative assistants: those who participate in preparing schedules and budgets for projects.

3. Engineers and consultants: those who deal with the technical and executive aspects of projects.

4. Students and recent graduates: those interested in the field of project management and wishing to acquire basic skills.

Learning Method:

• Theoretical lectures: Focus on basic concepts and tools for time and cost management.

• Practical exercises: Applying the skills acquired through the use of software tools such as Excel and Microsoft Project.

• Case studies: Analyzing real projects and extracting lessons from them.

• Group discussions: Exchanging ideas and practices among participants.

• Interactive activities: Simulating reality by dividing participants into teams to work on small planning projects.

Course Plan (5 days):

• The first day:

  • Introduction to project time planning.

  • Definition of the project's core activities.

  • The foundations for determining the project's timeline.

• The second day:

  • Scheduling tools and techniques: Gantt Chart, Critical Path Method.

  • Analysis and time estimation.

• The third day:

  • Introduction to Cost Management.

  • Cost estimation techniques: Bottom-up, Top-down methods.

• The fourth day:

  • Linking time to cost how to control costs during the project.

  • How to adjust plans when changes occur.

• The fifth day:

  • Using software like Microsoft Project and Excel.

  • A practical case study on time planning and cost management in a real project.

  • Course conclusion and review of what has been learned.