Adaptive Project Management & Analysis

The seminar is split into two modules:

MODULE I - Adaptive (Agile) Project Management

MODULE II - Project Analysis :
Tools & Techniques for
Managing Risk & Uncertainty

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.

Module I: Adaptive (Agile) Project Management

DAY 1

Understanding Projects and Project Management

• Characteristics of Projects
• Fundamental Concepts of Project Management
• Setting-up for Success - The Charter
• Setting-up for Success - The Project Team
• Understanding Stakeholders

DAY 2

Predictive Project Management - Planning

• Product Scope Planning - requirements collection
• Project Scope Planning - establish work breakdown structure
• Schedule Planning - constructing the project timeline
• Schedule Planning - optimizing the project timeline
• Cost Planning - cost planning and estimation
• Cost Planning - establishing the project budget

DAY 3

Predictive & Adaptive Project Management - Control

• Risk Management - Risk Identification and Analysis
• Risk Management - Establishing Risk Response Approaches
• Managing Project Change
• Controlling Adversity through Effective Contingency Planning
• Controlling Progress through Earned Value Management
• Agile (Adaptive) Values and Principles

DAY 4

Adaptive Project Management

• SCRUM Foundations - Characteristic of Highly Effective Teams
• The SCRUM Framework
• Key Roles of Scrum - The Product Owner
• Key Roles of Scrum - The Scrum-master
• Key Roles of Scrum - The Self-organized Team
• Key Artifacts of Scrum

DAY 5

Practical Considerations in the Application of SCRUM

• Sprint Planning Techniques
• Executing Iterations - The Scrum “Sprint”
• Continuous Learning Techniques through Project Retrospective
• Course and Techniques Review
• Contrasting Control Mechanisms of these Different Approaches

Module II: Project Analysis: Tools & Techniques for Managing Risk & Uncertainty

DAY 6

Fundamentals of Decision Analysis 

• What is project management decision analysis?
• The purpose of the project business case
• The need for systematic risk management for decision-making
• Risk and uncertainty on projects
• Option analysis
• Identifying key decision-making factors

Measures of Project Profitability

• Fundamental tools of engineering economics
• Time value of money
• Appraisal methods - Discounted Cash Flow Projections
• Time equivalence

DAY 7

Cash-Flow Modelling and Project Decision Analysis 

• Financial Modelling and Project Evaluation
• Internal Rate of Return computations (IRR)
• Determining the Internal Rate of Return (IRR)
• The risk of not understanding IRR

Analysing Project Specifics

• Understanding the project context to assist in decision-making
• Determine stakeholders and their level of influence
• Capture requirements
• Determine scope of work

DAY 8

The Cost of Capital 

• Capital & Operating Expenditures (CAPEX / OPEX)
• Estimating the cost of capital for a project
• Benefit-Cost Ratio (BCR)
• Dis-benefits

Risk Modelling in Practice 

• Identify Risks
• Forecasting risk impacts & probabilities
• Opportunity costs, sunk costs & salvage value of a project
• Determining the Risk Priorities
• The need for company cash flow

DAY 9

Decision Analysis: Expected Value Concept 

• Basic Probability Concepts
  • Fundamental probability concepts
  • Mutually & non-mutually exclusive, independent events
• Quantitative Project Risk Analysis
  • Semi-quantitative bow-tie process
  • Detailed risk quantification and prioritisation
  • Expected monetary value
  • Scenario planning
• Sensitivity Analysis Tools
  • Simulation process
  • Tornado diagram
  • Defining the variables - PERT

DAY 10

Decision Trees, EMV, Risk Responses and ROI 

• Decision Tree Analysis
  • Developing decision trees
  • Solving decision trees
• Risk Responses
  • Developing risk responses
  • Evaluating response relevance
• ROI Analysis
  • Understanding ROI
  • Identifying ROI
  • Evaluating and presenting your project options

In Association With

KC Academy

Our collaboration with KC Academy aims to provide the best training services and benefits for our valued clients

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