Adaptive Project Management & Analysis

This day introduces project management fundamentals and compares predictive and adaptive approaches. Participants explore project setup, vision development, and team effectiveness. The topics covered will include:

• Fundamental Concepts and Principles of Project Management
• Selecting the Project Approaches (Predictive vs Agile)
• Predictive Project Management Processes
• The Agile Manifesto and Adaptive Project Management
• Setting-up for Success – Project Vision and Project Charter
• Setting-up for Success – Highly Effective Project Teams

This day focuses on planning processes including stakeholder management, scope definition, scheduling, and cost planning. The topics covered will include:

• Identifying and managing stakeholders
• Product Scope Planning - requirements collection
• Project Scope Planning - establish work breakdown structure
• Scheduling - developing the project schedule
• Scheduling - optimizing the project schedule
• Cost Planning - cost planning and estimation
• Cost Planning - establishing the project budget

This day explores project control techniques including risk management, contingency planning, and performance tracking. The topics covered will include:

• Risk Management - Risk Identification and Analysis
• Risk Management - Risk Response Planning and Implementation
• Controlling Adversity through Effective Contingency Planning
• Managing Project Change
• Controlling Progress through Earned Value Management

This day introduces agile frameworks with a focus on Scrum roles, structure, and key components. The topics covered will include:

• Types of Agile Frameworks
• The SCRUM Framework
• Key Roles of Scrum - The Product Owner
• Key Roles of Scrum - The Scrum-master
• Key Roles of Scrum - The Self-organized Team
• Key Artifacts of Scrum

This day focuses on applying Scrum techniques including sprint planning, execution, and continuous improvement practices. The topics covered will include:

• Sprint Planning Techniques
• Executing Iterations - The Scrum “Sprint”
• Continuous Learning Techniques through Project Retrospective
• Course and Techniques Review
• Contrasting Control Mechanisms of these Different Approaches

This day introduces the principles of project decision analysis, project profitability, and systematic risk management. Participants explore engineering economics concepts, time value of money, and discounted cash flow techniques. The topics covered will include:

• What is project management decision analysis?
• The purpose of the project business case
• The need for systematic risk management for decision-making
• Risk and uncertainty on projects
• Option analysis
• Identifying key decision-making factors

• Fundamental tools of engineering economics
• Time value of money
• Appraisal methods - Discounted Cash Flow Projections
• Time equivalence

This day focuses on financial modelling, project evaluation, and internal rate of return analysis. Participants also examine project context, stakeholder influence, and scope definition for informed decision-making. The topics covered will include:

• Financial Modelling and Project Evaluation
• Internal Rate of Return computations (IRR)
• Determining the Internal Rate of Return (IRR)
• The risk of not understanding IRR

Analysing Project Specifics

• Understanding the project context to assist in decision-making
• Determine stakeholders and their level of influence
• Capture requirements
• Determine scope of work

This day explores capital and operating expenditure analysis alongside project financing considerations. Participants examine practical risk modelling techniques and methods for identifying and prioritising project risks.The topics covered will include:

• Capital & Operating Expenditures (CAPEX / OPEX)
• Estimating the cost of capital for a project
• Benefit-Cost Ratio (BCR)
• Dis-benefits

Risk Modelling in Practice

• Identify Risks
• Forecasting risk impacts & probabilities
• Opportunity costs, sunk costs & salvage value of a project
• Determining the Risk Priorities
• The need for company cash flow

This day develops understanding of probability concepts, expected monetary value, and quantitative risk analysis techniques. Participants explore simulation tools, sensitivity analysis, and scenario planning methods. The topics covered will include:

• Basic Probability Concepts
  • Fundamental probability concepts
  • Mutually & non-mutually exclusive, independent events
• Quantitative Project Risk Analysis
  • Semi-quantitative bow-tie process
  • Detailed risk quantification and prioritisation
  • Expected monetary value
  • Scenario planning
• Sensitivity Analysis Tools
  • Simulation process
  • Tornado diagram
  • Defining the variables - PERT

This day focuses on decision tree development, risk response planning, and return on investment evaluation. Participants examine methods for evaluating and presenting project investment options. The topics covered will include:

• Decision Tree Analysis
  • Developing decision trees
  • Solving decision trees

• Risk Responses
  • Developing risk responses
  • Evaluating response relevance
• ROI Analysis
  • Understanding ROI
  • Identifying ROI
  • Evaluating and presenting your project options