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GK2868 - Project Management Fundamentals
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Overview

In this comprehensive course, you will learn the fundamentals of project management: how to initiate, plan, and execute a project that meets objectives and satisfies stakeholders.

Aligned with the Project Management Institute (PMI®) Guide to the Project Management Body of Knowledge (PMBOK® Guide), this course provides a step-by-step guide to planning and executing a project. Working through case studies with real-world scenarios, you will interact with fellow students to learn and apply the methodologies and good practices of formal project management.

Durations
24 Hours
Topic

1. Foundations

  • Formal vs. informal project management
  • Project Management Institute (PMI) framework
  • Project management life cycle

2. Initiating

  • Role of the project manager
  • Project charter
  • Stakeholder identification and assessment
  • Progressive elaboration

3. Planning

  • Planning around project constraints
  • SMART objectives
  • Converting objectives into requirements
  • Decomposition of requirements into a work breakdown structure
  • Developing a work breakdown structure dictionary
  • Principles of estimating time and cost
  • Analyzing work and estimating duration of work packages
  • Determining sequence of work packages
  • Network diagramming and critical path analysis
  • Budgeting resources and cost control
  • Ensuring that all management responsibility areas are included in the project plan
  • Analyzing risks for probability and impact
  • Mitigating and planning risk contingencies
  • Preparing baselines for scope, time, and cost
  • Obtaining stakeholder sign-off

4. Executing, Monitoring, and Controlling

  • Team-building principles and priorities
  • Status and performance reporting
  • Management by exception
  • Keeping stakeholders informed and involved
  • Steering performance back to the baseline
  • Integrated change controls

5. Closing

  • Transitioning the product or service
  • Capturing lessons learned for the organization
  • Final report to stakeholders

Exercises

  • Formal vs. Informal Project Management
  • Analyze Stakeholders
  • Convert Vague Objectives into SMART Objectives
  • Create a Work Breakdown Structure
  • Estimate Effort and Duration for Work Packages
  • Perform Network Diagramming and Determine Critical Path
  • Estimate Resource Costs for Work Packages
  • Analyze and Plan for Risk
  • Manage Project Change
  • Review Lessons Learned
Audience
  • Anyone who is involved in, or affected by, projects or change management within an organization, including project managers, IT project managers, project coordinators, team leaders, product managers, program managers, project team members, subject matter experts, analysts, stakeholders, and senior managers who want to get more out of their project teams
  • Anyone in a leadership role who will benefit from an introduction to the art and science of project management
  • You should not take this course if you have taken IT Project Management or Applied Project Management. The subjects covered are the same.
Exams & Prerequisite
This course is part of these/this Exam(s):
This course requires these/this course(s):


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