• Post category:StudyBullet-14
  • Reading time:8 mins read


Enhance the Business Value and Benefits for small and big projects.

What you will learn

You will learn to manage project time. “Time is King”

You will learn to optimize the schedule with drag and drag cost.

You will learn to computerize the full cost of project activities.

You will learn to deal with resource elasticity using DREDD.

You will learn how to calculate expected project profit and benefits.

You will learn how to create and monitor the CPI, SPI and DIPP.

Description

Course objective Introduction

This course masterclass in Primavera P6 aims to learn how construction project planning and scheduling efforts will be enhanced and optimized to achieve better profits, business value, and benefits using drag and cost techniques.

The critical Drag is the amount of time by which an item on the critical pad activity, constraint, or bottleneck is delaying the end of the project or, alternatively, the amount of time by which the project can be compressed by reducing the duration of any critical path item to zero.

Stephen Deveaux

In the traditional project management processes, methods, tools, and techniques, as detailed in the PMBOK Guide, the focus is on the execution of the project to deliver the desired result.


Get Instant Notification of New Courses on our Telegram channel.


Delivering on time and within budget is usually an essential task of the project manager with his project team.

But there is more to running projects such as:

1. Enhancing the Business Value can be defined as a business value from their investments.

2. Making a profit for the business is one of the essential goals concerning the existence and continuation of the company.

3. Realizing more benefits: Benefits can be far more than you can define as making a profit and creating business value. Think about a shorter duration of delivering an infrastructure project to reduce traffic jams, shorter duration of tests and trials for medicines, and reducing mortality during health crises.

English
language

Content

Introduction of course objectives and what will you learn

What are the course objectives.
What will you learn
Bio Jan van den Berg
Owner’s or contractor’s point of view

Introductie in scheduling projects

Scheduling methods, tools, and techniques
Critical Path Method (CPM)

How to create greater benefits with drag and drag cost technique.

Introduction of the drag and drag cost technique.
Learning example
Question 1: What is the project duration?
Question 2: What is the DIPP
Formule for the DIPP
How to calculate the DIPP in the example.
Question 3: Starting DIPP with 45 days duration
Question 4 critical path
Question 5 Drag
What is Baselining a project schedule?
Benefits plan of the project created in Primavera P6
Spending Plan
Baselining the project schedule

Computing Drag

What is critical Drag?
Reduce the durations
Set up Primavera P6 for computing drag
Video for set up drag in Primavera

Computing drag cost.

What is drag cost?
Where to start?

Computing true cost

What is true cost?
How to calculate true cost

Question 8: What is the impact if activity G takes 14 days?

Impact on activity G

Question 9: Impact on activity B

Reduce activity B to 7 days

How to deal with DRED

What is DRED and how to calculate
Penalties and bonuses
Schedule margin
Plan or aim for the costs and benefits of this project.
Strategy to realize better Benefits.
Activity B is already reduced to 7 days
How to create 5 days schedule margin
Baselining the optimization of the project

Tracking the project bij investment value, and earned value.

Metrics for tracking progress
Updating the project schedule
Summary of the schedule update DD 19-03-2023
Overview of the project with Gantt chart , EVM and histograms
Overview of the spreadsheet earned value
Results of the DIPP for project status D.D. 19-03-2023
Updating the schedule at D.D 02-04-2023
Update of the schedule at D.D. 02-04-2023
Earned Value data D.D. 02-04-2023
Strategy to make the most benifit.
Drag, and drag cost calculations
Results of the update D.D 23-04-2023
Final project results benefits
Let’s look at the results in Primavera P6 and graphs in Excel
Lessons learned
Histogram and S-Curves for the total project