This 5-day training program on Strategic Project Assessment: Identification, Policy Analysis & Selection will enable delegates to apply the tools and techniques of modern project and program management effectively.

By attending this course, delegates will learn how to:

• Identify appropriate investment projects based on the overall corporate strategy, strategic goals and commercial policies of the organization
• Evaluate individual projects based on technical criteria to determine their technical viability
• Understand how project programs, systems, and structures provide an integrated mechanism for the process of project selection and assessment
• Determine the most appropriate contracting approach to ensure that corporate goals are realized
• Apply the best source selection techniques for a given project or program
• Use accurate progress and cost control methods to ensure project delivery according to the contractual baseline

The Strategic Project Assessment: Identification, Policy Analysis & Selection training program is designed for all staff members responsible for, or involved in project risk management, e.g.

• project managers and project leaders
• project planners and scheduling staff
• project risk management staff
• production and operations engineers

Module 1 -Strategic Project Assessment & Selection

Description:

On Day One the course examines the corporate strategic processes and goals, and deals with the processes involved.

Key topics:

• Corporate Strategy and Organizational Projects
• Setting the Stage for Project Alignment with Strategy
• Developing a Strategic Management Plan
  • The Strategic Management Process
• Environmental Analysis and Portfolio Development
  • The Aggregate Strategic Project Plan
• Objective Directed PM Process
• Project Management Definitions
  • Project Classification
  • Characteristics of a Project
  • The Project Life Cycle
  • Project Development Life Cycle
• The Project Process Model
• Knowledge Areas & Project Process Flow
• The Triple Constraint

Technical Evaluation Analysis

• Key issues in project analysis
  • Market analysis – supply and demand
  • Technical analysis – technical viability
  • Financial analysis – financial viability
  • Economic analysis – social cost-benefit
  • Environmental analysis
  • Risk analysis – levels of risk associated with the project
• Analysis of technical and engineering aspects
  • Technical viability
  • Location
  • Process, equipment, methods, procedures
  • Size – the optimal scale of operation
• Environmental analysis
  • Consideration of environmental aspects
  • Applicable regulations and specifications
  • Due diligence

Module 2 - Project Program Structures, Systems, and Processes

Description:

On Day Two the course examines requirements for project program management within the organization as a whole.

Key topics:

• Developing Strategic Business Criteria for Project Evaluation
• Linking Business Strategy and Multiple Projects
  • Establishing Weighted Scoring Models
  • Integrated Enterprise Project Planning and Management Cycle (IPPMC)
• Program Management and Portfolio Management
• Program Management and Project Management
• Program Management in Organisational Planning
• Program Governance
• The Program Life-Cycle
  • Benefits Management
  • Stakeholder Management
  • Program Governance through Phase-Gate Reviews
• Program Management Life-Cycle Phases
  • Pre-Program Set Up
  • Program Set Up
  • Program Management and Technical Infrastructure
  • Program Close-Out
• Development of Corporate Structures for Program Management
• Integration of Functional Departments

Module 3 -Project Contract Types & Compensation Arrangements

Description:

On Day Three the course explains the three primary contracting approaches, including the various types of contracts based on these approaches.

Key topics:

• Fixed Price contracts
  • Firm fixed price
  • Fixed price with economic price adjustment
  • Unit price contracts
  • Unit price with escalation
  • Fixed price with redetermination
  • Time and material
• Cost-Plus contracts
  • Cost sharing
  • Cost reimbursement
  • Cost plus award fee
  • Cost plus fixed fee
  • Cost plus the percentage of the cost
• Incentive contracts
  • Fixed Price Incentive
  • Cost Plus Incentive

Module 4 - Sourcing and Selecting Suppliers, Consultants, and Contractors

Description:

On Day Four the course looks at the most appropriate source selection techniques for a given project or program.

Key topics:

• The Source Selection Method
  • Selection and Management Actions
  • Evaluation Criteria
  • Contractor Evaluation – Plant and Site Surveys
• Two-step Selection Process
  • Step 1 – Qualifications-Based Selection of Design Professional
  • Step 2 – Clarification of Engineering Services to be Provided
• Pre-Award Stage
  • Bid/Enquiry Planning
  • Bid Package Development
• Award Stage
  • Competitive Bids
  • Competitive Proposals and Negotiations
  • Non-Competitive Methods
  • Bid Evaluation
• Post-Award Stage
  • Contract Execution & Administration

Module 5 - Project Execution Management, Control and Reporting

Description:

On Day Five the course explains the internationally-recognized process of Earned Value Management to control and manage project execution.

Key topics:

• Bid Documents Development
• Project Resource Table & Budget
• Project Cost Baseline Management
• Project Management Reporting
• Earned Value Control Process
• Progress Control Charts – Trend Analysis
• Schedule and Cost Variance Forecasting
  • Schedule Variance (SV)
  • Cost Variance (CV)
  • Schedule Performance Index (SPI)
  • SPI Run Chart
  • Cost Performance Index (CPI)
  • CPI Run Chart
• Estimated Cost at Completion
• Estimated Duration at Completion

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.