Time and Cost Engineering (PM7103)

PM7103 Aims

• PM7103-AI: Specify and develop the critical skills required in committing project dates.
• PM7103-A2: Specify and develop the critical skills for effective project time and cost control.
• PM7103-A3: Specify and develop the critical skills to define effective communication for project performance status.

PM7103 Learning Outcomes

• PM7103-LO1: Review and analyse, design and organize process to construct resource-limited schedule for the project.
• PM7103-LO2: Critically analyse tools for project planer and cost controller.
• PM7103-LO3: Evaluate communication for project performance review.

PM7103 Module Content

• PM7103-C1: Time variance at data date
  • Professional practice to control time during project execution: broken line and related methods.
  • Presentations and labs.
• PM7103-C2: Impact Analysis
  • Critical review of time variance at data date: types of logical relationships.
  • PERT/CPM based methodologies to analyze time at completion: forward and backward date analysis in projects.
  • Presentations, labs and preparation of independent analysis of project time analysis.
• PM7103-C3: Float analysis
  • Critical review of floats in project schedule based upon a case study.
  • Methodologies to consider negative floats in projects.
  • Presentations, labs and preparation of independent analysis of project time analysis.
• PM7103-C4: Time variance at completion
  • Professional practice to analyze trends of time variance at completion: Milestone Trend Chart and related methods.
  • Presentations and labs.
  • Methodologies to integrate time and trend analysis reviewed through case study.
• PM7103-C5: Activity driven resource scheduling
  • Methodologies to identify dimensions and parameters of resource assignment.
  • Professional practice to integrate project schedule and analytical estimates for construction of S-curve.
  • Presentations, labs and preparation of independent analysis of project S-curve.
• PM7103-C6: Resource driven scheduling
  • Professional practices and methodologies to analyze resource-limited schedule for the project.
  • Critical review of resource levelling versus resource smoothing.
  • Presentations, labs and preparation of independent analysis of project resource limited schedule.
• PM7103-C7: Earned Value Management
  • Professional practices and methodologies for EVM (Earned Value Management) metrics.
  • Presentations and labs.
• PM7103-C8: Integrating EVM and time management
  • Critical analysis and communication skills to integrate variances at data date and at completion for both time and cost: case study.