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In-House Training About Us
A PMI Approved Training Course

Project Formulation

Preparing Projects to Maximise Sustainable Value

Certified & Accredited By
PMI
Course Options

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Why Choose Us

The Project Formulation Course gives project managers, PMO professionals, and project team members a comprehensive, structured framework for formulating projects effectively — covering project initiation, scope and quality planning, risk management, schedule and cost planning, and the resource, communication, stakeholder, and procurement management plans that prepare a project for successful execution.

Project formulation is where project success or failure is determined. A project that is poorly formulated — with weak stakeholder identification, undefined scope, inadequate risk planning, unrealistic schedules, or unclear procurement arrangements — is set up to struggle from the first day of execution. This course develops the discipline and structured planning capability to formulate projects that are ready to be executed with confidence.

Aligned with the PMI PMBOK framework and performance domains, this course covers the complete project formulation lifecycle from project charter development and stakeholder prioritisation, through WBS creation, quality planning, qualitative and quantitative risk analysis, schedule development, cost budgeting, and resource and communication planning, to procurement management and final execution readiness.

The Project Formulation Course is built for project professionals who want to build stronger project foundations developing the planning rigour and governance discipline that transforms project initiation from a rushed paperwork exercise into the strategic capability that determines execution success.

Why Choose Project Formulation
Course Goals

What are the Goals?

The Project Formulation Course is designed to develop comprehensive project formulation capability — from project initiation and scope planning through risk, schedule, cost, resource, communication, stakeholder, and procurement management planning.

By the end of this course, participants will be able to:

  • Explain project management principles, performance domains, and lifecycle models and develop a structured project charter
  • Identify and prioritise stakeholders and apply stakeholder engagement planning across project formulation
  • Develop the Project Management Plan and apply scope management processes including requirements collection, scope definition, and WBS creation
  • Plan and apply quality management processes within the project formulation framework
  • Apply the risk management planning process including risk identification, qualitative analysis, quantitative analysis, and risk response planning
  • Apply creative thinking techniques to improve risk identification effectiveness
  • Plan schedule management processes including activity definition, sequencing, duration estimation, and schedule development
  • Apply cost management processes including cost estimation and budget determination
  • Plan resource management processes including resource estimation and communication management planning
  • Develop procurement management plans and prepare the project for execution

Who is this Training Course for?

The Project Formulation Course is designed for project managers, project team members, PMO professionals, and business analysts who are responsible for or contribute to the initiation and planning phases of projects — and who want a structured, comprehensive approach to project formulation aligned with professional project management standards.

This course is suitable for:

  • Project managers responsible for developing Project Management Plans, charters, and formulation documentation
  • PMO professionals developing project initiation standards, templates, and governance frameworks
  • Business analysts responsible for requirements collection, scope definition, and WBS development
  • Risk management professionals applying structured risk planning processes to project formulation
  • Project planners and schedulers responsible for schedule development and activity planning during project formulation
  • Cost engineers and estimators developing project budgets and cost management plans
  • Procurement and contract professionals developing procurement management plans for project execution
  • Graduate project management professionals building a structured, PMBOK-aligned foundation in project formulation
Learning Approach

How will this Training Course be Presented?

The Project Formulation Course is delivered through a structured, process-aligned learning approach that moves systematically through each project formulation knowledge area — initiation, scope, quality, risk, schedule, cost, resource, communication, stakeholder, and procurement — building a complete, integrated project formulation capability across the full course.

Each day focuses on a distinct cluster of project management planning processes, with practical application exercises and process output development integrated throughout to ensure delegates develop direct, usable formulation skills alongside conceptual understanding.

Delivery methods include:

  • Instructor-led sessions covering project management principles, planning processes, and governance frameworks aligned to PMI standards
  • Stakeholder identification and prioritisation exercises applying structured stakeholder analysis to project formulation scenarios
  • Project charter development sessions applying initiation process principles to real project charter development
  • Resource, communication, and procurement planning sessions developing integrated management plans and preparing the project for execution

The Course Content

Project Management Overview and Project Initiation

  • Project Management Principles
  • Project Management Performance Domains
  • Project Management Life Cycles
  • Identifying Stakeholders
  • Prioritising Stakeholders
  • Developing a Project Charter

Integration, Scope and Quality Management Planning Processes

  • Developing the Project Management Plan
  • Planning Scope Management
  • Collecting Requirements
  • Defining Scope
  • Creating Work Breakdown Structures
  • Planning Quality Management

Risk Management Planning Processes

  • Planning Risk Management
  • Identifying Risks
  • Creative Thinking Techniques
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Planning Risk Response

Schedule and Cost Management Planning Processes

  • Planning Schedule Management
  • Defining and Sequencing Activities
  • Estimating Activity Durations and Developing the Project Schedule
  • Planning Cost Management
  • Estimating Costs
  • Determining the Budget

Resource, Communication, Stakeholder and Procurement Management Planning Processes

  • Planning Resource Management
  • Estimating Project Resources
  • Planning Communications Management
  • Planning Stakeholder Engagement
  • Planning Procurement Management
  • Preparing the project for Execution
Recognition

Certificate

  • • Wallstreet Development Academy Certificate of Completion for delegates who attend and complete the training course.
Qualifications & Endorsements

Accreditation

PMI

Wallstreet Development Academy is an official PMI Authorized Training Partner (ATP). All applicable project management courses are pre-approved by the Project Management Institute, allowing participants to earn the necessary PDUs and Contact Hours for certification and recertification.

Collaborations

In Partnership With

Anderson Copex Coventry