Project Management Simulation

  • Length: 2 - 3 Days ( 15 - 22.5 PDU's )
You will practice the principles of project management in a rigorous simulation.
Successful project leaders integrate the science and art of project management. The best way to train them to do this is by using project management simulation techniques that expose and elaborate various aspects of project management and allow for realistic situational learning.  Versatile's project management simulation will challenge and shed new light on your current project management processes, as well as provide many ideas for improvement and innovation in that area.

Course Description

"Unique among project management programs.  There is nothing else like it."

Learn the proven techniques required to lead projects by experience in a rigorous project simulation. Teams encounter realistic challenges such as scope changes, communication breakdowns and unexpected stakeholder inputs. Experience the complete lifecycle and practice project management techniques to define, plan, execute, control and close out a project.

Versatile's Project Management Simulation is unique among project management programs.  Companies in a wide range of industries have used it to improve their project execution and success.  Whether you are training new members on a project team, or refreshing your established project managers, they will find this to be exciting and educational.

This challenging, hands-on training simulation builds confidence as it builds skills to take a project from inception to a successful completion, while producing deliverables and meeting deadlines every step of the way. Simulations in management training are a proven way to increase the excitement, understanding, and retention of course concepts.

This course can be customized to meet the experience level of your audience. For participants with no prior project management education, we can slow it down and add some fundamental exercises to build that foundation. For PMP's and experienced project managers, this two-day format can also be used to focus on specific project management challenges within your organization such as scope creep or the use of earned value management.

Every project management training class from Versatile provides PMP certification Professional Development Units (PDU's).

Benefits

  • Experiential learning ties together all project management topics.
  • Realistic variables in simulation prepare participants for problems on the job.
  • Teams internalize the value of planning, risk management, and scope control.
  • Learn to build realistic project plans that foster high performance.
  • Recognize and avoid problems before they occur.
  • Accurately assess progress and plan course corrections.
  • Optimize cost, schedule, and quality in a competitive environment

Course Objectives

Upon completion of this project management training, participants will be able to:

  • Use planning techniques to manage budgets, monitor a project’s scope and keep on schedule.
  • Assess and quantify risk, plus implement strategies that reduce risk without compromising the return.
  • Determine the project scope and plan for requirements management.
  • Involve sub-contractors and manage them effectively.
  • Increase proficiency at estimating the business case with easy-to-use techniques.
  • Improve communication with the customer.
  • Perform project status reporting, including calculation of earned value.
  • React to project changes with a flexible mindset that keeps the project moving forward.

Audience

This course requires participants to be familiar with the fundamentals of project planning and control.

Professionals with prior project management training or experience will want to attend to see how all the pieces of the project management discipline fit together. New project teams may want to attend this program together to experience a full project lifecycle and transfer the lessons directly to their project.

Simulation Format

  • Bidding the project/Business case development
  • Post-Approval Planning
  • Control Stage 1 - Build the product, manage the project, produce status reports, update the plan
  • Control Stage 2 - Continue to manage the project
  • Control Stage 3 – Complete the project
  • Post-project reporting – Cost and schedule performance, lessons learned

Course Outline

1. Project Success Factors 
What factors can you instill in every project to increase success? 

2. Project Lifecycle Overview 
What are the primary activities you should plan for in each phase of a project?

3. Developing a Business Case or Bid 
Every project begins with estimates – how can yours be more useful and accurate? 

4. Requirements Management 
What are the functional and technical requirements of a project? What is a triple constraint and the principles of change control? 

5. Estimating Strategies 
How do you use parametric, top-down and bottom-up estimating strategies?

6. Planning 
How do you create a realistic, detailed action plan that shows who, what, when, and how much?
7. Risk Management 
Risk Identification, risk response development and risk control. 

8. Creating a Management Plan

9. Change Control
How do you respond to changes from the customer and the project environment?

10. Balance: Optimizing Productivity and Risk 
What strategies can speed up a project and what are the trade-offs? 

11. Project Control 
How can you accurately track progress using earned value analysis? 

12. Sub-Contractor Management 
What steps are important to ensure your sub-contractors deliver as desired? 

13. Continuous Improvement 
How to capture and use lessons learned.