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PRM601 - Planning and Estimating

Format: Online

Duration: 8 weeks

Credits: 3 credits

Build a roadmap for project success.

At the beginning of a project, the finish line seems far away. But in reality, there are numerous finish lines along the way. Project scheduling, like estimating, requires viewing each task as both a separate entity and part of the overall project.

Course Description

A Request for Proposal (RFP) is a document that states, comprehensively and in detail, what is required from a sponsor’s and/or customer’s point of view to address the identified need. In order to ensure that you are able to give contractors the most accurate and relevant information about a project, you’ll learn the necessary steps to develop a properly formatted RFP.

Sample Course Topics

Each week, you’ll focus on a new centralized topic as it relates to the overall objectives of this course. While weekly topics are subject to change based on course and instructor, sample topics may include but are not limited to the following.

  • Initiating a Project/Project Proposals
  • Plan and Estimate Project Scope
  • Planning and Creating the Project Schedule
  • Resource Utilization
  • Planning and Creating the Project Budget
  • Planning, Monitoring and Controlling Risks
  • Change Management and Draft Project Documents
  • Closing the Project and Final Project Documentation

A work breakdown structure (WBS) is a deliverable-oriented hierarchical decomposition of the project work scope into work packages that produce the project. You’ll complete activities that will give you insight into creating a hierarchical tree of deliverables (work items) and a WBS.

You’ll see how to determine whether a project can be done within required project time constraints based on the estimated durations for each activity in the network, while taking into account the interdependencies between tasks. You’ll also learn to estimate the types and quantities of resources required to perform each activity in a project.

Sample Assignment
Working on a large project, you’ll prepare all necessary project management documents to complete a project within the timeframe of this course.

Any project involves a degree of risk. You’ll determine what is required to manage risks, qualitatively identify high-level risks and document appropriately. You’ll also examine the factors associated with project change, as well as the necessary steps to closing out a project.

Your Learning Objectives

In PRM 601 Planning and Estimating, you’ll examine activities related to project planning and scheduling.

  • Plan and estimate project scope, cost, schedule, risk, and quality requirements.
  • Select appropriate activities and tools for project initiation and project integration.
  • Prepare a work breakdown structure with a linear responsibility chart.
  • Use project estimating tools including network activity diagrams, cost estimating and budgeting, activity duration, and resource plans.
  • Prepare a detailed project work plan using Microsoft Project.
  • Divide complex problems into subproblems.
  • Employ cost benefit measurement methods to analyze the effects of change.
  • Identify factors that create change.
  • Implement financial planning and monitoring and control techniques.

*Disclaimer: Course content and outcomes may vary and are subject to change without notice.

Learn More

For more information about this course or other courses in the Master of Science in Project Management degree at Saint Mary’s University of Minnesota, simply, request more information or call us today toll-free at (877) 308-9954.