Develop and control projects using agile, cost analysis, scheduling, and outsourcing techniques.
Skills you will gain
- Agile & Iterative Development: Work in self-organizing agile teams to deliver complex projects efficiently.
- Scope & Requirement Management: Define project deliverables with clear traceability to business requirements.
- Strategic Scheduling & Cost Control: Develop and optimize project schedules using critical path and cost-effective compression techniques.
- Risk Management & Mitigation: Identify, quantify, and develop strategies to manage project risks and opportunities.
- Project Monitoring & Outsourcing: Apply earned schedule management techniques and learn effective project outsourcing strategies.
Course Description
This is the final course in the certificate program and enables students to apply what they've learned from previously completed project-management courses, by developing a simulated but realistic team project. Students will be given project-management tools to facilitate the development of their project. Emphasis will be placed on practical application of project-management principles, processes, and techniques, including project control, cost management, project tracking, and project outsourcing.
Students will also learn how to control project schedules, budgets, and scope, using methods that minimize or completely eliminate "scope creep." Techniques such as fast-tracking, critical-path crashing, stochastic estimating, and exploiting activity lead-lag times will enable students to develop fast, accurate project schedules. In-class exercises and case studies lead students to skills they can take back to work and immediately apply to their own projects.
Topics
- Project portfolio management techniques
- How to estimate project costs and forecast investment returns
- How to apply cybernetic-control techniques to schedules and budgets
- How to use earned-value management (EVM) to track and control projects
- How to fast-track and crash the project's critical path
- How to use stochastic techniques to ensure accurate project schedules
- How to apply project management principles in a simulated team project
Additional Information
AI* - This course will show how Generative AI can help teams refine project needs into a clear scope, milestones, and PBIs, and quickly draft roadmaps and release plans. AI can also suggest schedules and compression options, assist in defining KPIs and risk registers, and propose risk responses for team validation. During execution, AI can summarize progress, generate dashboard-ready status reports, and help iterate on sprint plans and retrospectives, enabling teams to communicate outcomes and lessons learned more efficiently throughout the life cycle.
Prerequisites / Skills Needed
Prerequisites:
- PPMT.X406: Project Risk Management
- PPMT.X415: Project Leadership and Communication
- PPMT.X425: Project Management Fundamentals
- PPMT.X426: Agile Project Management Fundamentals
This course applies to these programs: