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What You Will Learn

  • Elements of effective estimation, including: working with conceptual, preliminary, and definitive estimates; using the PERT Beta distribution to estimate costs, resource requirements, and task durations; conducting bottom-up and parametric cost estimates
  • Developing product-oriented and task-oriented WBSs
  • Principles of critical chain scheduling, including: avoiding the Student Syndrome; overcoming Parkinson’s Law; effective use of project, resource, and feeder buffers
  • Principles of time-boxed scheduling, including prioritizing business requirements with the Poor Man’s Hierarchy and Pareto’s Rule; prioritizing technical requirements; and speeding development through parallel execution

PMBOK® Guide Process Areas

  • Initiating
  • Planning
  • Executing
  • Controlling
  • Closing

PMBOK® Guide Knowledge Areas

  • Project Time Management
  • Project Scope Management
  • Project Cost Management
  • Project Risk Management


  • Course modules containing cutting-edge knowledge developed by renowned experts in project management
  • Course Textbook: The New Project Management, by J. Davidson Frame
  • "Think and Review" section that helps you review key points of the modules
  • Answers to the "Think and Review" section
  • A final exam which contains multiple choice and true/false questions
  • Certificate of Completion

Topics Covered

  • Central role of estimation in project management
  • Measurement—reliability and validity
  • Forecasting—normative vs. extrapolation
  • Need for risk assessment in estimating
  • Estimation techniques: regression, Delphi, moving averages
  • Pareto’s rule
  • Data collection
  • Cost estimating: bottom-up vs. top-down
  • Life-cycle cost estimating
  • Work breakdown structure (WBS)
  • Organizational breakdown structure (OBS). Gantt charts. Milestone charts
  • Working time vs. non-working time
  • PERT/CPM networking
  • Critical path concepts
  • Review of scheduling S/W
  • Integrated cost/schedule control with the Earned Value Method
  • Measuring work performance: 50-50 Rule and milestone tracking
  • Time-boxed scheduling
  • Critical chain scheduling
  • Basic economic concepts
  • Financial concepts (e.g., capital budgeting, sunk costs)
  • Accounting basics. S-curve
  • Analyzing cost data
  • Benefit-cost analysis
  • History of earned value approach

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