A Comprehensive Guide to Project Management Schedule and Cost Control: Methods and Models for Managing the Project Lifecycle

Overview

Master all the modern project scheduling and cost control techniques you need, in one focused tutorial! Randal Wilson's Project Schedule & Cost Control isn't your typical project management guide: it's 100% focused on the specific principles, techniques, and best-practice methodologies of scheduling and cost control.

Wilson illuminates key issues through the extensive use of graphs, charts, case studies, and worked examples; and calls your ...

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A Comprehensive Guide to Project Management Schedule and Cost Control: Methods and Models for Managing the Project Lifecycle

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Overview

Master all the modern project scheduling and cost control techniques you need, in one focused tutorial! Randal Wilson's Project Schedule & Cost Control isn't your typical project management guide: it's 100% focused on the specific principles, techniques, and best-practice methodologies of scheduling and cost control.

Wilson illuminates key issues through the extensive use of graphs, charts, case studies, and worked examples; and calls your attention to crucial issues that "generic" PM books ignore. Coverage includes:

  • Project structures, including differences between projects and programs, and how those differences affect costing and scheduling
  • Initiation: how projects start, how to develop project charters and stakeholder registers, and how to manage stakeholders
  • Planning, in depth: what costs must be addressed, and what schedule constraints must be considered
  • Project schedule analysis: activity definition, WBS, and work packages; activity sequencing and diagramming; proven methodologies for estimating resources and activity durations; and schedule development
  • Project cost analysis: gathering and estimating all project costs, including labor, materials, vendor bids, subcontractors, contracts, equipment, facilities, and direct/indirect costs.
  • Budgeting via top-down, bottom-up, and activity-based methods
  • Project monitoring and control: earned value, tracking Gantt, S-Curves, performance reviews, milestone analysis, change control systems, estimate at completion, forecasting, and much more

For both project management newcomers and working project managers who need to sharpen their skills

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Product Details

  • ISBN-13: 9780133572940
  • Publisher: Pearson FT Press
  • Publication date: 5/5/2014
  • Edition number: 1
  • Pages: 288
  • Sales rank: 829,442
  • Product dimensions: 7.20 (w) x 9.20 (h) x 1.00 (d)

Meet the Author

Randal Wilson, MBA, PMP, serves as Visiting Professor of Project Management, Keller Graduate School of Management, at the Elk Grove, California, DeVry University campus. His teaching style is one of addressing project management concepts using academic course guidelines and text and includes in-depth discussions in lectures using practical application from industry experience.

Mr. Wilson is currently Operations and Project Manager at Parker Hose and Fittings. He is responsible for five locations across northern California and Nevada, as well as project management of redesigns and renovation of existing facilities and construction of new facilities.

Mr. Wilson was formally in the telecommunications industry as Senior New Product Introduction Engineer at REMEC, Inc., Senior New Product Introduction Engineer with Spectrian Corp., and Associate Design Engineer with American Microwave Technology. He also served as Senior Manufacturing Engineer at Hewlett-Packard.

He is a certified Project Management Professional (PMP) of the Project Management Institute. He acquired an MBA with a concentration in General Operations Management from Keller Graduate School of Management of DeVry University in Fremont, California, and a bachelor of science in Technical Management with a concentration in Project Management from DeVry University in Fremont, California.

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Table of Contents

Dedication v

About the Author x

Introduction 1

Schedule and Cost of Projects 1

Project Balance 2

What Is Control? 3

Organizational Influences 4

Solutions to Schedule and Cost Control 9

Part 1 Project Development 11

Chapter 1 Basic Project Structure 13

Introduction 13

Projects, Programs, and Portfolios 14

Project Management Versus Program and Portfolio Management 17

Project Life Cycle 23

Review Questions 25

Chapter 2 Initiating Process 27

Introduction 27

Project Origination 28

Project Stakeholders 31

Project Selection 34

Project Charter 52

Review Questions 55

Chapter 3 Planning Process 57

Introduction 57

Develop Project Management Plan 58

Collect Requirements 63

Define Scope 66

Work Breakdown Structure (WBS) 70

Review Questions 75

Part 2 Project Schedule Analysis 77

Chapter 4 Activity Definition 79

Introduction 79

Activity Analysis 80

Responsibility Assignment 88

Work Authorization 91

Review Questions 95

Applications Exercise for Chapters 4, 5, 6, 7, and 8 95

Case Study Exercise for Chapter 4 96

Chapter 5 Activity Sequencing 97

Introduction 97

Information for Sequencing 98

Defining Dependencies 102

Precedence Diagramming Method (PDM) 104

Review Questions 116

Applications Exercise 116

Chapter 6 Resource Estimating 117

Introduction 117

Types of Resources 119

Resource Constraints 122

Resource Requirements 126

Resource-Estimating Methods 128

Review Questions 136

Applications Exercise 137

Chapter 7 Activity Duration Estimating 139

Introduction 139

Duration Estimating Methods 141

Duration Estimating with Constraints 146

Scheduling Conclusions 151

Review Questions 155

Applications Exercise 156

Chapter 8 Schedule Development 157

Introduction 157

Schedule Requirements 158

Schedule Structuring Techniques 162

Schedule Analysis 171

Schedule Documentation 180

Review Questions 182

Applications Exercise 182

Part 3 Project Cost Analysis 183

Chapter 9 Cost Estimating 185

Introduction 185

Collecting Cost Data 186

Cost Constraints 191

Estimating Tools and Techniques 192

Review Questions 198

Applications Exercise for Chapters 9 and 10 198

Chapter 10 Budget Development 201

Introduction 201

Functions of a Budget 202

Budget Development Methods 205

Budget Constraints 208

Cost of Quality 210

Review Questions 212

Applications Exercise 213

Part 4 Project Monitoring and Control 215

Chapter 11 Schedule and Cost Monitoring 217

Introduction 217

Integrated Monitoring 218

Monitoring and Analysis Tools 221

Troubleshooting Tools 233

Monitoring Results 235

Review Questions 239

Applications Exercise 239

Case Study Exercise for Chapter 11 240

Chapter 12 Schedule and Cost Control 241

Introduction 241

Change Control 242

Control Tools and Techniques 247

Control Results 260

Review Questions 263

Applications Exercise 263

Bibliography 265

Index 267

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