Dealing With Costs And Risks

Dealing With Costs And Risks



While a project is underway, the project managers need to continue to assess its progress and adjust their decisions according to their findings. This course provides tools for monitoring an existing project, and its threats and opportunities.


2 hours

Course Content

The four modules in this course are:

Using earned value to optimise costs and deadlines – learn to calculate the earned value, cost variance and schedule variance for each task within the project, and identify those that need an action plan

Assessing and minimising project risks – learn to analyse threats and opportunities, search for alternatives and take the right decisions

Make use of opportunities within the project team – how to encourage project participants to express feedback, identify opportunities as uncovered by participants

Monitoring and minimising risks – understand the direct and indirect impacts of risks, learn to execute an emergency plan with your team, maintain control and motivation

Course Objectives

  • To identify whether your project is on track or is deviating from the initial cost and deadline objectives
  • To adjust your decisions according to threats and opportunities
  • To seize opportunities once they are identified
  • To anticipate and put in place the necessary alert systems to be able to detect the appearance of expected and unexpected risks and limit their impact


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