In this course, you will build on the foundation from Project Management Level I and complete your understanding of the five stages of project management by focusing on Execution, Monitoring, and Closing. You will learn how to keep projects running effectively once work begins, maintain schedules, manage budgets, and document lessons learned to support future initiatives. The course also covers practical methods for budgeting, allocating limited resources, and estimating and tracking costs throughout the project lifecycle.
You will also be introduced to Agile Project Management and how it differs from the traditional Waterfall approach. Through an overview of Scrum, Kanban, and Extreme Programming (XP), you will explore how different Agile frameworks support various project needs. By comparing these methodologies, you will gain the insight needed to select the most effective management approach for different project environments.
What You Will Learn
- Continue building knowledge of the five phases of project management with a focus on Execution, Monitoring, and Closing
- Understand project costs, budgeting principles, and financial tracking
- Learn effective approaches to managing people, time, and resources
- Develop strategies for handling risk, change, and uncertainty
- Gain an overview of Agile Project Management frameworks, including Scrum, Kanban, and Extreme Programming (XP)
Course Outline
The Project Team
Team Development
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Assembling a Team
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Project Kickoff Meeting
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Characteristics of Effective Teams
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Barriers to Teams
Stages of Team Development
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Stage 1: Forming
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Stage 2: Storming
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Stage 3: Norming
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Stage 4: Performing
Budgets & Costs
Types of Costs
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Resource cost rates
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Reserve analysis
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Contingency budget
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Cost of quality
Determining Activity Costs
Determining Project Budget
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Calculations
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Total Budgeted Cost (TBC)
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Time-Phased Budget
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Cumulative Budgeted Cost (CBC)
The Execution Phase
Determining Actual Costs
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Determine Actual Cost
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Compare Actual Cost to Budgeted Cost
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Actual Accumulated Cost by Period
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Cumulative Budgeted & Actual Cost Curve
Determining the Value of Work Performed
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Determine Value of Work Performed
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Earned Value (EV)
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Cumulative Earned Value
Cost Performance & Project Status
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Analyze Cost Performance
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Measure Project Status
Cost Analysis
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Analyze Cost Performance
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Cost Performance Index (CPI)
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Cost Variance (CV)
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Estimating the Cost at Completion
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Forecasted Cost at Completion (FCAC)
Controlling Costs & Corrective Action
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Cost Control Steps
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When to Take Corrective Action
Limited Resources: Leveling & Smoothing
Resource Leveling
Resource Limited Scheduling
Risk Management
Risks & Issues
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Identify Risks
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Risk Assessment
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Probability & Impact Matrix
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Risk Appetite
Common Types of Risks
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External Risks
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Single Point of Failure
Risk Mitigation
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Common Ways of Dealing With Risk
Project Communication
Meetings
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Project Kickoff Meeting
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Different Types of Meetings
Reports
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Different Types of Reports
Plans
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Project Plans
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Document Control Plan
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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
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Scrum Concepts
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Scrum Roles
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Why is Scrum So Popular?
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When Scrum Works Best
Kanban
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Kanban boards
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Work-in-Process (WIP) Limit
Extreme Programming (XP)
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Extreme Programming (XP) Activities
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Designing
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Coding
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Testing
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Listening
