Cost Management. w w w. s p a t i a l c o. e v e n t s / b u d g e t i n g. K n o w l e d g e P a r t n e r October 2018 Radisson Blu Hotel

Transcription

1 Project Budgeting & Cost Management Conference K n o w l e d g e P a r t n e r October 2018 Radisson Blu Hotel Eng. Wael Husain Al-Jasem Chairman and President Kuwait Project Management Society KPMS Mr. Liam Dillon Senior Consultant with Turlon & Associates BASSAM A. SAMMAN PMP, EVP, PSP, GPM CEO and Founder Collaboration, Management and Control Solutions (CMCS) FZCO Ahmed El-Sharkawy, MBA, CPM, CCMA Senior Engineer KUWAIT OIL COMPANY (KOC) Ismail Sammama PMO HEAD Digital Transformation Lead Dr. Saadi Adra PfMP, PgMP, PMP, PMI-RMP, PMI-SP, EVP, OPM3 CEO at ADVISORS Co. Abdurazaq Attuwaijri, PMP,CCMP Project Management Consultant & PMP Instructor Tamer El-Hossary MBA,PMP, ITIL Expert,COBIT,IT Governance Tareq Al-Behairi,PMP,PMI- ACP,PMC EMEA Congress Speaker at Project Management Institute - EX Director at PMI - Arabian Gulf Chapter - Kuwait o r g a n i z e d b y : w w w. s p a t i a l c o. e v e n t s / b u d g e t i n g

2 CONFERENCE OVERVIEW Kuwait Project Budgeting & Cost Management Conference, will take place from October The conference will cover areas like the PMI PMBoK global standard for managing projects, estimating cost techniques, including the Work Breakdown Structure, Work Packages and risk management considerations, the S-curves for risk and cost estimates, control accounts and change control, earned Value Management, performance variances and management recovery options. Managers and customers expect to get value for money. A significant number of projects have been cancelled or are seen as a failure because they ran too far over budget. This three-day conference will present the participants with straightforward approaches to developing a cost baseline and setting up a cost tracking system so that the budget is well managed during the project s life cycle. Conference Topics The PMI PMBoK global standard for managing projects Estimating cost techniques, including the Work Breakdown Structure, Work Packages and risk management considerations The S-curves for risk and cost estimates Control accounts and change control Earned Value Management, performance variances and management recovery options Objectives Understand the benefits of good project cost control for successful project outcomes Use best practice to minimise costs and negative impacts Describe a typical project cost management life cycle Explain the action required at each phase of the project cost management life cycle and understand the significance of each phase List the key attributes of cost necessary to understand and manage cost effectively Explain the key steps required to improve project estimates, budget and cost base lining, performance measurement and analysis, cost monitoring and control during project execution and interpreting and reporting project performance throughout a technical project life cycle Specify key quantitative measures for determining the project performance using Earned Value Management (EVM) Provide meaningful project progress reports using EVM together with forecasts of likely outcomes and management options to correct where necessary Apply this cost management process to a simple case study

3 T u e s d a y 1 6 O c t o b e r AGENDA DAY ONE 0 8 : : 3 0 Registration Opening & Welcome Speech & Keynote Speech 0 8 : : 1 5 Wael Husain Al-Jasem Chairman and President, Kuwait Project Management Society Mega Project Experience in Budgeting & Cost Management Bassam A. Samman CEO and Founder, Collaboration, and Control Solutions (CMCS) FZCO Achieving Single Version of The Truth For Project Budget and Cost Reporting 0 9 : : 0 0 Refreshment and networking break 1 0 : 0 0 Liam Dillon Senior Consultant, Turlon &Associates The Secrets to Creating Accurate Estimates 1 2 : : 3 0 Prayer & Break 1 2 : 3 0 Ahmed El-Sharkawy Senior Engineer, Kuwait Oil Company Lead to Succeed Tareq Al-Behairi Project Management Consultant, Independent Consultants and Trainer 1 3 : : : 3 0 Dr. Saadi Adra CEO, Advisory Co. The Integrated Life Cycle Management Framework Tamer El-Hossary ITIL Expert,COBIT,IT Governance Control Accounts Management Ismail Sammama PMO HEAD Digital Transformation Lead The PMO Evolution 1 4 : 4 5 Day One Closing Remarks & Lunch

4 W e d n e s d a y 1 7 O c t o b e r The Value of Range Estimation and Scenario Analysis in Project Estimation 0 9 : : 3 0 Liam Dillon B.Tech., M.Eng.Sc., MPM, PMP, PMI-ACP, PMI-PBA, PMI-RMP, PMI-SP, PGMP, PFMP Senior Consultant, Turlon &Associates - Ireland AGENDA DAY TWO Objective: Historical performance data is required to provide some insight into the variability of an a projects performance and to help understand the risk that has been borne by stakeholders in the past. By examining scenarios, a project manager can gain insight into the level of risk and the combination of probability of returns. For example, because variability equates to risk, projects need to understand this to focus on what a project can and cannot do. This workshop / session intend to focus on three key points: How to position scenario and range estimation within a project cycle How to understand project scenarios How to use project scenario to deliver better estimates Why you cannot miss this event: The Value of Range Estimation and Scenario Analysis in Project Estimation is just not thinking about how to get something done but it is by managing your environment, the people around you and by developing yourself. This is an essential part of any project manager s toolkit and to advance in the profession, these are now the desired skills Who Should Attend: This workshop will be of benefit to learners who want to effectively manage project estimates within a competitive and rapid environment. The workshop focuses on the leadership, communication and influencing skills a project manager must have to be able to effectively manage project estimates Key Learning Points: The key learning for this workshop include: Understand the challenges that project managers face when dealing with subject matter experts in estimating projects Identifying the approaches that can be used to deal with estimates and how this can help in project risk management Understand what over-confidence is and how to deal with it. Manage overconfidence and risk in project estimates Identify 8 golden rules to develop a good estimation practice Workshop Content: - the workshop will focus on the following: Focus on the human-involvement in developing estimates What is over-confidence in project estimates What is scenario analysis and how to use it to develop estimates Using scenario analysis to identify and manage over-confidence Showing the application of scenario analysis and range estimation 8 golden rules to develop good estimates using range estimation T r a i n e r s ` P r o f i l e s Mr. Liam Dillon is a Senior Consultant with Turlon & Associates specialising in Project Management, Program Management, Portfolio Management, Agile Project Management, Project and Program Risk Management, Contract Management and Project and Program Leadership. Liam holds a Master of Science degree in Project Management and is one of the few practitioners to hold multiple project and program management accreditations (PMP, PMI-ACP, PMI-RMP, PMI-SP and PgMP ) from the Project Management Institute (PMI ). Liam has over 23 years professional experience. During that time, he has led some significant global IT and Infrastructure projects and programs for various industries. Liam currently works across various industries with the following consultancy objectives: * The management, development and delivery of an extensive range of project, program and portfolio management training programs for companies, colleges and universities. * Working with companies on delivering and developing and maintaining project management excellence. * Working with various blue-chip companies, on a consultancy basis, in growing levels of project, program and portfolio management maturity. Coupled with his industrial experience, Liam spends time training and coaching project manager in USA, Middle-East, Asia and Europe on the topic of project and program management. Liam has served as the President of the Ireland Chapter of PMI and is currently the Chairperson of PMI s Global Board Volunteer Advisory Group. Liam has presented both at national and international conferences of the topic of project, program and portfolio management.

5 T h u e r s d a y 1 8 O c t o b e r AGENDA DAY THREE Project Management Professional 0 9 : : 3 0 Workshop Description This workshop is designed to present project cost management including: Budgeting, calculating reserves and controlling cost of projects, also this workshop will cover using earned value management calculations. Also this workshop will present the relation between Cost & Risk Management and Calculating Project Budget. Workshop Outline Introduction to Project Cost Management The importance of Cost Management Integration between Cost management and Scope & Time Management. Cost Management Processes Plan Cost Management Estimate Costs Determine Budget Control Cost Controlling Cost Using Earned Value Management (EVM) EVM Calculations Cost Forecasting Cost Management & Risk Management Relationship between cost & Risk management Calculating Contingency Reserve and Management Reserve T r a i n e r s ` P r o f i l e s Abdurazaq Mohammad Attuwaijri, PMP, CCMP Eng. Abdulrazaq holds bachelor degree in Computer Science with above 15 years of experience in governmental and private sector. Highly professional expert and trainer in project management, program management, change management, strategy development, KPIs and balanced scorecard. Eng. Abdulrazaq has successful professional record in establishing and lead PMO in different organizations like MAWHIBA, ELM, TABADUL and Saudi Food & Drug Authority. In addition to the delivered number of PMP workshop across the Kingdome. Eng. Abdulrazaq had many professional certificates in project and change management from different accredited entities like INSEAD and, Mckinsey Leadership Center. Language Training materials are in English The trainers are bilingual (English and Arabic)

6 Project Budgeting & Cost Management Conference REGISTRATION 500