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A PMI Approved Training Course

Project Scheduling & Cost Planning Skills

Project Estimation & Planning for your Organisation

Certified & Accredited By
PMI
Course Options

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Why Choose Us

The Project Scheduling & Cost Planning Skills Course gives project managers, planners, and cost engineers a comprehensive, practically grounded capability in project scheduling and cost planning — covering estimation fundamentals, budget development, critical path and critical chain analysis, risk management, earned value performance measurement, schedule and cost variance analysis, and recovery planning.

Schedule and cost control are the disciplines that most directly determine whether projects are delivered within their approved parameters. Yet many project professionals lack the structured analytical capability to build realistic estimates, manage resource constraints, incorporate risk into plans, measure performance accurately, and recover projects that have deviated from baseline. This course addresses every one of those gaps.

Delegates progress from scope definition, triple constraint management, and Critical Path scheduling through budget development, resource planning, schedule acceleration, PERT analysis, critical chain and buffer management, earned value measurement, variance forecasting, and structured recovery planning — building a complete, integrated scheduling and cost planning capability across all five days.

The Project Scheduling & Cost Planning Skills Course is built for project professionals who want the analytical tools and practical disciplines to produce more realistic plans, manage performance with greater rigour, and recover projects that have drifted from schedule or budget before they reach crisis point.

 

Why Choose Project Scheduling & Cost Planning Skills
Course Goals

What are the Goals?

The Project Scheduling & Cost Planning Skills Course is designed to develop comprehensive project scheduling and cost planning capability across estimation, budget development, risk management, performance measurement, and recovery analysis.

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

  • Explain basic project management definitions, triple constraints, and project selection methods
  • Define project scope and apply cost and schedule estimation, cost budgeting, and Critical Path Method scheduling
  • Identify resource requirements and distinguish between direct and indirect project costs
  • Plan and schedule limited resources and evaluate options for schedule acceleration including crashing
  • Apply risk identification, analysis, and management techniques including contingency reserve calculation
  • Apply PERT analysis, probability, and standard deviation formulae to project duration estimation
  • Evaluate network activity risk profiles and apply project risk strategies to schedule management
  • Apply critical chain analysis and buffer management to balanced and unbalanced schedule comparison
  • Measure planned and actual progress and manage variable conditions in project execution
  • Apply schedule and cost variance analysis, trend analysis, variance forecasting, and structured recovery planning to project control

Who is this Training Course for?

The Project Scheduling & Cost Planning Skills Course is designed for project managers, planners, cost engineers, and project controls professionals who are responsible for developing, managing, and recovering project schedules and cost plans across any sector or project type.

This course is suitable for:

  • Project managers responsible for schedule development, cost management, and performance control across their projects
  • Project planners and schedulers developing and maintaining Critical Path and Critical Chain schedules
  • Cost engineers and quantity surveyors responsible for cost estimation, budget development, and variance analysis
  • Project controls professionals applying earned value management, performance measurement, and recovery planning
  • Programme and portfolio managers overseeing schedule and cost performance across multiple projects
  • Construction, engineering, and infrastructure professionals managing complex project schedules and cost plans
  • PMO professionals developing scheduling and cost planning standards and governance frameworks
  • Graduate project management and engineering professionals building a structured, practical foundation in project scheduling and cost planning
Learning Approach

How will this Training Course be Presented?

The Project Scheduling & Cost Planning Skills Course is delivered through a structured, analytically focused learning approach that moves from estimation fundamentals and Critical Path scheduling through budget development, risk management, critical chain analysis, performance measurement, and recovery planning. Each day builds directly on the previous, ensuring delegates develop a complete, integrated scheduling and cost planning capability across the full course.

Practical application exercises including schedule development, PERT calculations, variance analysis, and recovery planning are integrated throughout, ensuring delegates develop direct, hands-on analytical capability alongside conceptual understanding.

Delivery methods include:

  • Instructor-led sessions covering estimation fundamentals, scheduling methods, risk management, performance measurement, and recovery planning
  • Scope definition and Critical Path Method exercises applying scheduling fundamentals to project network development
  • Resource planning and schedule acceleration workshops examining limited resource scheduling, crashing analysis, and acceleration options
  • Risk management and PERT sessions applying risk identification, contingency calculation, and probabilistic duration estimation
  • Critical chain and buffer management sessions comparing balanced and unbalanced schedule 
  • Recovery planning workshops developing schedule and cost recovery analyses and establishing recovery baselines and controls

The Course Content

Project Estimating Basics

  • Basic project management definitions
  • Triple constraints – Time, Cost, Scope
  • Project selection methods
  • Defining project scope
  • Cost & schedule estimation, Cost budgeting & control
  • Project schedule management using the Critical Path Method

Developing Project Budget & Schedule Control

  • Resource requirements
  • Direct & indirect project costs
  • Planning and scheduling limited resources
  • Options for accelerating the schedule
  • Crashing the schedule - How?

Managing the Risk

  • Risk identification, analysis & management
  • Contingency reserve
  • PERT, probability and standard deviation formulae
  • Network activity risk profiles
  • Application: Estimating project duration
  • Project risk strategies

Measuring Project Performance

  • Critical chain analysis and use of buffers
  • Comparison of unbalanced with balanced schedules
  • Measuring planned progress on schedule
  • Risk distribution in contracting
  • Actual progress and work conditions
  • Managing variable conditions

Managing and Recovering Project Estimates

  • Schedule variances & cost variances
  • Progress control charts -trend analysis
  • Schedule and cost variance forecasting
  • Schedule and cost recovery analysis
  • Schedule and cost recovery plan
  • Project recovery baselines and controls
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

Copex