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Project Management Seminar
Copyright: Hamza Qazi, MBA, PMP, CSM
Contact: (647) 247-4810
Email: pmp@uloomtraining.com
www.uloomtraining.com
For private personal use only
No part may be reproduced or distributed without written consent
Mar 20, 2014
Copyright - Hamza Qazi (647) 247-4810 2
Author’s Introduction
 Mr. Hamza Qazi, MBA, PMP, SCM
 22 years of IT experience including 10 years of management
 Bachelors in Computer Science and MBA from York University
 PMP certified project manager with over 8 years experience
 Scrum Master certification (SCM) from Scrum Alliance
 ITIL v3 Foundation certified
 Formal training experience
 Cell (647) 247-4810
 pmp@uloomtraining.com
 Canada
3
Session Objectives
1. Introduce Project Management
2. Entry roles in project management
3. Project Management Certifications
4. Courses offered
5. Inside Project Management
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
4
Part I
What is Project Management
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
5
What is a Project?
 A project is a temporary endeavour undertaken
to create a unique product, service or result.
 Temporary does not mean short-term. It means
a definite beginning and end.
 Unique means that the project product, service
or result has some distinguishing features
different from others.
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
6
What is Project Management?
 Project Management is the application of knowledge,
skills, tools and techniques to a broad range of
activities in order to produce project product, result or
service.
 Project Management is accomplished through
processes that receive inputs and generate outputs.
 A Process is a set of inter-related actions and activities
that are performed to achieve pre-specified set of
objectives.
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
7
Project Life cycle
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
8
MCQs:
 What is a project?
1. A short-term initiative
2. Temporary initiative to create a product or result
3. A long-term initiative with an end date
 What is project management?
1. Application of project management knowledge and skills
2. Use of a set of processes
3. Creation of a product or result
 Which of the following are project phases?
1. Initiation, Definition, Planning, Close-out
2. Inception, Planning, Execution, Closure
3. Initiation, Planning, Execution, Closure
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
9
Part II
Roles in Project Management
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
10
Why Project Management
 PMI 2012: The world is spending 1/5 of its GDP (US $12
trillion) on projects this year - and organizations that
range from global businesses to governments and NGOs
have identified project management and skilled
project managers as the key to their success.
 PMI: The demand for project professionals is staggering,
with an average of 1.2 million projected new jobs
needing to be filled each year for the next decade. This
demand far exceeds supply - and if not corrected will put
U.S. $4.5 trillion of the global GDP at risk by 2016.
 http://www.pmiteach.org/
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
11
Entry Career Roles
 The following are formal roles performed by
beginners in the field of project management:
 Beginner Project Manager
 Project Coordinator/Assistant/Lead
 The above roles require project management
knowledge gained through formal courses.
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
12
Project Manager
 Responsible for applying project management knowledge, skills, tools and
techniques in order to produce project deliverables and meet its objectives.
 Major Responsibilities:
 Define project goals, objectives, scope, deliverables, success criteria and charter.
 Develop both high and detailed-level plans: scope, schedule, and budget.
 Monitor and control project through issues, risks, time and budget management.
 Manage and report on project constraints: scope, time, cost, quality & resources.
 Manage project changes through formal change and stakeholder management.
 Qualifications:
 Business or technical education
 Project management experience
 Knowledge of project management processes, tools and techniques
 Intermediate knowledge of MS Office and MS Project
 PMP (Project Management Professional) certified or working towards PMP
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
13
Project Coordinator/Assistant
 Responsible for coordinating project management activities from
inception to closure. Act as an assistant to project or program
manager.
 Major Responsibilities:
1. Assist in preparation of project management deliverables including project scope,
charter, WBS, schedule, budget, etc.
2. Track and analyze time records, project expenses, and project financials.
3. Assist with preparation of project reports including status and financial reports.
4. Identifies project problems / issues and escalates as appropriate.
5. Create change records and obtain approvals from various stakeholders.
 Qualifications:
 Business or technical related diploma
 Knowledge of project management processes and tools
 Working knowledge of MS Office and MS Project
 CAPM (Certified Associate in Project Management) certified or working towards
CAPM
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
14
Part III
Certifications and Courses
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
15
PMI Certifications
 PMI stands for Project Management Institute based
in US www.pmi.org
 PMI has two basic certifications:
1. PMP – Project Management Professional for:
 Beginner Project Manager
 Intermediate and Senior project managers
 3-5 years of project related experience
2. CAPM – Certified Associate in Project Management for:
 Project Coordinator / Assistant / Lead
 No project experience
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
16
PMP Certification
 PMP® demonstrates that you have the experience, education and
competency to successfully lead and direct projects.
 To apply for the PMP, you need to fulfill the following 3 requirements:
1. A four-year degree (bachelor’s or the global equivalent), and
2. At least three years of project management related experience
equivalent to 4,500 hours
3. 35 hours of formal project management education.
 To write PMP exam:
 Attend a formal course of at least 35 hours
 Home study
 Write exam at a Prometric center (4 hrs, 200 MCQs)
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
17
CAPM Certification
 Designed for those with little or no project experience, the CAPM®
demonstrates your understanding of the fundamental knowledge,
terminology and processes of project management.
 To apply for the CAPM, you need to meet the following 2
requirements:
1. Minimum - A secondary diploma (high school or the global
equivalent), AND
2. 23 hours of project management education OR 1,500 hours of
project experience
 To write the CAPM exam:
 Attend a formal course of at least 23 hours
 Home study
 Write exam at a Prometric center (3 hrs, 150 MCQs)
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
18
Courses we offer
We offer the following courses in Project Management, Business
Administration and IT:
1. Project Management Professional (PMP) certification preparation (35 Hrs)
2. Project Management Associate (CAPM) certification preparation (30 Hrs)
3. PMP / CAPM Mock Exams course (up to 40 Hrs)
4. PMBOK5 Bridge Course (5 PDUs)
5. Microsoft Project Hands-on course (5 PDUs)
6. Cost Control using Earned Value Analysis (5 PDUs)
7. Effective Presentation Skills (5 PDUs)
8. Behavioral Job Interview Skills
9. Computer Hardware & Software Technician for CompTIA A+ certification
10. Network Technician for CompTIA Network certification
 Free Seminars on various courses
 Instructor-led, In-Class or Online
 Flexible Schedule (weeknights, weekends)
 Around 40-50% Cheaper than the market
 Hands-on exercise, practice, workshops and MCQs during the class
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
19
Project Management Leader Course for PMP
certification preparation
 In-Class, Instructor-led, 35 hrs
 In-Class exercises and 40 MCQ’s for each module
 Eleven Modules:
1. Project Management Lifecycle and Integration
2. Scope Management
3. Time Management
4. Cost Management
5. Quality Management
6. Risk Management
7. Communications Management
8. Human Resources Management
9. Procurement Management
10. Stakeholder Management
11. Professional and Social responsibility
 All required material will be provided
 Contact at pmp@uloomtraining.com or call 1-647-247-4810
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
20
Project Management Associate Course for CAPM
certification preparation
 In-Class, Instructor-led, 30 hrs
 In-Class exercises and 40 MCQ’s for each module
 Ten Modules:
1. Project Management Lifecycle and Integration
2. Scope Management
3. Time Management
4. Cost Management
5. Quality Management
6. Risk Management
7. Communications Management
8. Human Resources Management
9. Procurement Management
10. Stakeholder Management
 All required material will be provided
 Contact at pmp@uloomtraining.com or call 1-647-247-4810
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
Combo courses
 Combo1: PMP Prep / Mock Exam Practice combo 1
 PMP Prep course (35 hours)
 PMP Mock Exam Practice course (15 hours)
 Combo 2 : PMP Prep / MS Project
 PMP Prep course (35 hours)
 MS Project Hands-on course (5 Hours/PDUs)
 Combo 3: CAPM Prep / Mock Exam Practice
 CAPM Prep course (30 hours)
 CAPM Mock Exam Practice course (15 hours)
 Combo 4: CAPM Prep / MS Project
 CAPM Prep course (30 hours)
 MS Project Hands-on course (5 hours/PDUs)
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
22
Part IV
More on Project Management
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
23
Project Scope
 Scope is all the work required and the only
work required to complete the project
successfully.
 Scope is primarily concerned with defining
and controlling what is and is not included in
the project.
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
24
Work Break-down Structure
 WBS is a planning tool used to decompose project
work (scope) into discrete work tasks.
 It captures both the deliverables and the work
required to create the deliverables.
 WBS is usually organized as a hierarchy where the
lower level tasks roll up into the upper level tasks or
deliverables.
 WBS provides a foundation for cost estimation,
scheduling, resource planning and risk mgmt.
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
25
Project WBS
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
26
Project Budget
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
27
MCQ # 2
 Which of the following is always true?
1. A project phase has a beginning and an end
2. A project phase creates the product or service
3. A project phase could be a project by itself
 What is Project Scope?
1. The features and functions of a product or service
2. Analysis, Design, Development, Implementation
3. The work that needs to be done
 What is WBS?
1. List of things to do for a project
2. List of deliverables and work required
3. List of customer requirements
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
28
Project Schedule
 Is an organized list of related tasks
 Includes both summary and detailed-level
tasks
 Identifies milestones
 Includes effort and resources required for
each task
 Helps determine Critical Path and overall
project timeline (start to finish)
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
29
Project Schedule
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
30
Schedule Management
 Determine Weekly against baseline
 Behind
 Ahead
 On-Schedule
 Schedule Compression:
 Overlap sequential tasks
 Add more resources
 Reassign skilled resources to CP tasks
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
31
Schedule Example
 Project: We need to build four walls at the
rate of 1 day each wall.
 Baseline Schedule = 4 days
Project Status on end of 2nd day:
 1.5 walls completed
 Schedule Variance (Baseline – Status) = ?
 Are we Behind, Ahead, On-Time?
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
32
Budget Management
 Weekly Calculation against baseline
 Under Budget
 Over Budget
 On Budget
 Report on the following:
 Actual to date (AC)
 Estimate at Completion (EAC)
 Variance (EAC – Baseline Budget)
 Estimate to Complete (ETC) = EAC – AC
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
33
Interested in learning more
 We hope you like this slide deck and found the
content valuable. Please email your feedback
and comments to pmp@uloomtraining.com
 Interested in More:
 If you are interested in the rest of the modules of PMP/ CAPM
preparation course, please contact us:
 pmp@uloomtraining.com
 1-647-247-4810 (Canada)
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
34
Budget Example
 Budget = $2000
 Actual to date (AC) = $1000
 EAC (new budget forecast) = $2200
 Estimate to Complete (EAC – AC) = ?
 Current Variance = EAC – Budget = ?
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com
35
Questions
Copyright - Hamza Qazi (647) 247-4810
pmp@uloomtraining.com

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Project management seminar pmbok5 v17 aug2013

  • 1. Project Management Seminar Copyright: Hamza Qazi, MBA, PMP, CSM Contact: (647) 247-4810 Email: pmp@uloomtraining.com www.uloomtraining.com For private personal use only No part may be reproduced or distributed without written consent Mar 20, 2014
  • 2. Copyright - Hamza Qazi (647) 247-4810 2 Author’s Introduction  Mr. Hamza Qazi, MBA, PMP, SCM  22 years of IT experience including 10 years of management  Bachelors in Computer Science and MBA from York University  PMP certified project manager with over 8 years experience  Scrum Master certification (SCM) from Scrum Alliance  ITIL v3 Foundation certified  Formal training experience  Cell (647) 247-4810  pmp@uloomtraining.com  Canada
  • 3. 3 Session Objectives 1. Introduce Project Management 2. Entry roles in project management 3. Project Management Certifications 4. Courses offered 5. Inside Project Management Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 4. 4 Part I What is Project Management Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 5. 5 What is a Project?  A project is a temporary endeavour undertaken to create a unique product, service or result.  Temporary does not mean short-term. It means a definite beginning and end.  Unique means that the project product, service or result has some distinguishing features different from others. Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 6. 6 What is Project Management?  Project Management is the application of knowledge, skills, tools and techniques to a broad range of activities in order to produce project product, result or service.  Project Management is accomplished through processes that receive inputs and generate outputs.  A Process is a set of inter-related actions and activities that are performed to achieve pre-specified set of objectives. Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 7. 7 Project Life cycle Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 8. 8 MCQs:  What is a project? 1. A short-term initiative 2. Temporary initiative to create a product or result 3. A long-term initiative with an end date  What is project management? 1. Application of project management knowledge and skills 2. Use of a set of processes 3. Creation of a product or result  Which of the following are project phases? 1. Initiation, Definition, Planning, Close-out 2. Inception, Planning, Execution, Closure 3. Initiation, Planning, Execution, Closure Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 9. 9 Part II Roles in Project Management Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 10. 10 Why Project Management  PMI 2012: The world is spending 1/5 of its GDP (US $12 trillion) on projects this year - and organizations that range from global businesses to governments and NGOs have identified project management and skilled project managers as the key to their success.  PMI: The demand for project professionals is staggering, with an average of 1.2 million projected new jobs needing to be filled each year for the next decade. This demand far exceeds supply - and if not corrected will put U.S. $4.5 trillion of the global GDP at risk by 2016.  http://www.pmiteach.org/ Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 11. 11 Entry Career Roles  The following are formal roles performed by beginners in the field of project management:  Beginner Project Manager  Project Coordinator/Assistant/Lead  The above roles require project management knowledge gained through formal courses. Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 12. 12 Project Manager  Responsible for applying project management knowledge, skills, tools and techniques in order to produce project deliverables and meet its objectives.  Major Responsibilities:  Define project goals, objectives, scope, deliverables, success criteria and charter.  Develop both high and detailed-level plans: scope, schedule, and budget.  Monitor and control project through issues, risks, time and budget management.  Manage and report on project constraints: scope, time, cost, quality & resources.  Manage project changes through formal change and stakeholder management.  Qualifications:  Business or technical education  Project management experience  Knowledge of project management processes, tools and techniques  Intermediate knowledge of MS Office and MS Project  PMP (Project Management Professional) certified or working towards PMP Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 13. 13 Project Coordinator/Assistant  Responsible for coordinating project management activities from inception to closure. Act as an assistant to project or program manager.  Major Responsibilities: 1. Assist in preparation of project management deliverables including project scope, charter, WBS, schedule, budget, etc. 2. Track and analyze time records, project expenses, and project financials. 3. Assist with preparation of project reports including status and financial reports. 4. Identifies project problems / issues and escalates as appropriate. 5. Create change records and obtain approvals from various stakeholders.  Qualifications:  Business or technical related diploma  Knowledge of project management processes and tools  Working knowledge of MS Office and MS Project  CAPM (Certified Associate in Project Management) certified or working towards CAPM Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 14. 14 Part III Certifications and Courses Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 15. 15 PMI Certifications  PMI stands for Project Management Institute based in US www.pmi.org  PMI has two basic certifications: 1. PMP – Project Management Professional for:  Beginner Project Manager  Intermediate and Senior project managers  3-5 years of project related experience 2. CAPM – Certified Associate in Project Management for:  Project Coordinator / Assistant / Lead  No project experience Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 16. 16 PMP Certification  PMP® demonstrates that you have the experience, education and competency to successfully lead and direct projects.  To apply for the PMP, you need to fulfill the following 3 requirements: 1. A four-year degree (bachelor’s or the global equivalent), and 2. At least three years of project management related experience equivalent to 4,500 hours 3. 35 hours of formal project management education.  To write PMP exam:  Attend a formal course of at least 35 hours  Home study  Write exam at a Prometric center (4 hrs, 200 MCQs) Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 17. 17 CAPM Certification  Designed for those with little or no project experience, the CAPM® demonstrates your understanding of the fundamental knowledge, terminology and processes of project management.  To apply for the CAPM, you need to meet the following 2 requirements: 1. Minimum - A secondary diploma (high school or the global equivalent), AND 2. 23 hours of project management education OR 1,500 hours of project experience  To write the CAPM exam:  Attend a formal course of at least 23 hours  Home study  Write exam at a Prometric center (3 hrs, 150 MCQs) Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 18. 18 Courses we offer We offer the following courses in Project Management, Business Administration and IT: 1. Project Management Professional (PMP) certification preparation (35 Hrs) 2. Project Management Associate (CAPM) certification preparation (30 Hrs) 3. PMP / CAPM Mock Exams course (up to 40 Hrs) 4. PMBOK5 Bridge Course (5 PDUs) 5. Microsoft Project Hands-on course (5 PDUs) 6. Cost Control using Earned Value Analysis (5 PDUs) 7. Effective Presentation Skills (5 PDUs) 8. Behavioral Job Interview Skills 9. Computer Hardware & Software Technician for CompTIA A+ certification 10. Network Technician for CompTIA Network certification  Free Seminars on various courses  Instructor-led, In-Class or Online  Flexible Schedule (weeknights, weekends)  Around 40-50% Cheaper than the market  Hands-on exercise, practice, workshops and MCQs during the class Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 19. 19 Project Management Leader Course for PMP certification preparation  In-Class, Instructor-led, 35 hrs  In-Class exercises and 40 MCQ’s for each module  Eleven Modules: 1. Project Management Lifecycle and Integration 2. Scope Management 3. Time Management 4. Cost Management 5. Quality Management 6. Risk Management 7. Communications Management 8. Human Resources Management 9. Procurement Management 10. Stakeholder Management 11. Professional and Social responsibility  All required material will be provided  Contact at pmp@uloomtraining.com or call 1-647-247-4810 Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 20. 20 Project Management Associate Course for CAPM certification preparation  In-Class, Instructor-led, 30 hrs  In-Class exercises and 40 MCQ’s for each module  Ten Modules: 1. Project Management Lifecycle and Integration 2. Scope Management 3. Time Management 4. Cost Management 5. Quality Management 6. Risk Management 7. Communications Management 8. Human Resources Management 9. Procurement Management 10. Stakeholder Management  All required material will be provided  Contact at pmp@uloomtraining.com or call 1-647-247-4810 Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 21. Combo courses  Combo1: PMP Prep / Mock Exam Practice combo 1  PMP Prep course (35 hours)  PMP Mock Exam Practice course (15 hours)  Combo 2 : PMP Prep / MS Project  PMP Prep course (35 hours)  MS Project Hands-on course (5 Hours/PDUs)  Combo 3: CAPM Prep / Mock Exam Practice  CAPM Prep course (30 hours)  CAPM Mock Exam Practice course (15 hours)  Combo 4: CAPM Prep / MS Project  CAPM Prep course (30 hours)  MS Project Hands-on course (5 hours/PDUs) Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 22. 22 Part IV More on Project Management Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 23. 23 Project Scope  Scope is all the work required and the only work required to complete the project successfully.  Scope is primarily concerned with defining and controlling what is and is not included in the project. Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 24. 24 Work Break-down Structure  WBS is a planning tool used to decompose project work (scope) into discrete work tasks.  It captures both the deliverables and the work required to create the deliverables.  WBS is usually organized as a hierarchy where the lower level tasks roll up into the upper level tasks or deliverables.  WBS provides a foundation for cost estimation, scheduling, resource planning and risk mgmt. Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 25. 25 Project WBS Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 26. 26 Project Budget Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 27. 27 MCQ # 2  Which of the following is always true? 1. A project phase has a beginning and an end 2. A project phase creates the product or service 3. A project phase could be a project by itself  What is Project Scope? 1. The features and functions of a product or service 2. Analysis, Design, Development, Implementation 3. The work that needs to be done  What is WBS? 1. List of things to do for a project 2. List of deliverables and work required 3. List of customer requirements Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 28. 28 Project Schedule  Is an organized list of related tasks  Includes both summary and detailed-level tasks  Identifies milestones  Includes effort and resources required for each task  Helps determine Critical Path and overall project timeline (start to finish) Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 29. 29 Project Schedule Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 30. 30 Schedule Management  Determine Weekly against baseline  Behind  Ahead  On-Schedule  Schedule Compression:  Overlap sequential tasks  Add more resources  Reassign skilled resources to CP tasks Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 31. 31 Schedule Example  Project: We need to build four walls at the rate of 1 day each wall.  Baseline Schedule = 4 days Project Status on end of 2nd day:  1.5 walls completed  Schedule Variance (Baseline – Status) = ?  Are we Behind, Ahead, On-Time? Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 32. 32 Budget Management  Weekly Calculation against baseline  Under Budget  Over Budget  On Budget  Report on the following:  Actual to date (AC)  Estimate at Completion (EAC)  Variance (EAC – Baseline Budget)  Estimate to Complete (ETC) = EAC – AC Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 33. 33 Interested in learning more  We hope you like this slide deck and found the content valuable. Please email your feedback and comments to pmp@uloomtraining.com  Interested in More:  If you are interested in the rest of the modules of PMP/ CAPM preparation course, please contact us:  pmp@uloomtraining.com  1-647-247-4810 (Canada) Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 34. 34 Budget Example  Budget = $2000  Actual to date (AC) = $1000  EAC (new budget forecast) = $2200  Estimate to Complete (EAC – AC) = ?  Current Variance = EAC – Budget = ? Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com
  • 35. 35 Questions Copyright - Hamza Qazi (647) 247-4810 pmp@uloomtraining.com