Strategic Project Management
28 Instruction Hours (4 Days)

Jumpstart New or Existing Projects!

Managing today’s complex and dynamic projects requires a structured, professional, multi-faceted approach…a high degree of commitment to operational and fiscal results, an acceptance of accountability for conformance to project requirements, and the people skills to forge a synergistic chemistry between diverse functional groups. Designed for both novice and professional project managers and their teams, this project management series covers the essential skill sets that will be required to effectively jumpstart a new or existing project. Based upon the Project Management Institute’s Project Management Body of Knowledge, this highly interactive programme emphasises real-world, practical applications developed through years of hands-on experience in world-class multinational organisations. The techniques are proven; the approach sound; and the results measurable.

Managing the Downside...
Let’s face it, every project contains some degree of risk. And, even the most skilled project managers will, at times, be faced with managing that risk. This seminar arms contains an extended Risk Management Component designed to equip project managers with the essential knowledge, skills, and tools to effectively manage, even predict, the effects of those risks on their projects.

Who Should Attend:

- Novice Project Managers
- Experienced Project Managers
- Team Leaders
- Program Managers
- Persons who need an in-depth understanding of Project Management
- Persons who need new and proven tools and techniques in Risk Management

Through a unique, applications-oriented approach you will learn:

- The traits of effective project managers
- Why project management techniques of the past are no longer effective
- The critical differences between management and leadership, and why they are essential in today’s project management environment
- The truth behind empowerment and how to avoid common pitfalls
- The power of cross-functional project teams, and how to control it for maximum results
- How to accurately gauge the degree of management commitment to the project
- How to uncover the explicit and implicit project expectations before making a commitment
- How to establish result-oriented performance metrics to guide your project
- Fundamental process control techniques that will help you stay on budget and schedule
- How to select the best members for your project team
- How to control and motivate the diverse talents within your project team
- How to uncover hidden agendas quickly, then diffuse them
- The tools and techniques to link your strategic and tactical plans for maximum results
- The importance of WBS, PERT, and Gantt charts to track your project
- How to utilise milestones to monitor your project’s progress
- How to minimise risk proactively through quantitative measures
- The secrets of trade-off analyses to ensure that the project is never compromised in the eyes of the customer
- How to isolate the true project definition and to distinguish it from the project deliverables
- The importance of documentation
- Identify risk early in the planning cycle
- Categorize and compare different risks
- Recognize and address the legal aspects of risk in your projects
- Analyze and quantify the risks in your projects
- Establish risk criteria for your projects
- Isolate the opportunities that result from effectively managing risk factors
- Conduct professional inductive and deductive risk assessment
- Apply proactive alternate risk assessment methodologies to your project
- Develop a risk model that predicts and addresses project risks
- Analyze the decisions you make relative to the risk they introduce into your project
- Determine when sufficient risk management has been employed for the project

An Applications Approach to the PMI’s Project Management Body of Knowledge!
Integration, Scope, Time, Cost, Quality, Human Resources, Procurement, Risk, Communications

Module I: Project Integration Management Overview…Roles and Responsibilities
- The benefits from strategic project management methodologies
- The strategic project management model
- The tactical project management model
- Leadership in perspective

Module II: Establishing The Project Charter and Scope…Setting the Fire Walls Clearly and Accurately
- Scope planning and definition…setting it and maintaining it
- Setting the rules and guidelines for scope change control
- Establishing customer-focused process metrics…what to measure, when to measure it, and how to measure it
- Obtaining buy-in for the project charter…confirming agreement on objectives prior to starting

Module III: Project Human Resource Management…Organising for Success
- Synergy through chemistry…the science of selection and direction
- Isolating the required skill sets…organisational planning
- Communications management…establishing a clearinghouse for information dissemination and reporting

Module IV: Analysis of the Project Environment…Assessment and Analysis
- Situational assessments…defining the baseline
- Problem and opportunity analyses…what must be dealt with throughout the life of the project
- Decision and alternative analyses…quantitative measures that yield tangible results
- Creating the WBS
- Setting pre-milestones and milestone dates
- Activity listings, dependencies, cycle times, and calendar times…key ingredients to tactical planning and implementation
- PERT and Gantt…establishing the critical monitoring tools and techniques for effective resource management
- Project cost and budgetary management…information and performance reporting
- Project communications management…information and performance reporting

Module V: Project Procurement Management…the Internal-External Decisions
- Procurement planning…performance specifications vs detailed specifications
- Supplier and contractor qualification and certification…the selection process
- Contract administration…dealing with the risks and opportunities
- Measuring compliance…status assessment
- Contract closure…the final buy-off

Module VI: Corrective Actions…Schedule and Budget Control
- Corrective actions…from the customer’s perspective
- Trade-off methodologies that maximise compliance

Module VII: Project Risk Management…Risk Identification, Quantification, and Control
- Overview of Project Risk Management
- Foundations of Risk Modeling
- Inductive risk modeling techniques
- Preliminary failure analyses, system failure analyses, sub-system failure analyses
- Failure mode & effects analyses, fault-failure analyses, software failure analyses
- Criticality assessments
- Case studies
- Risk Versus Cost: Safety Concerns
- Deductive Modeling Methodologies
- Fault tree logic tree analyses
- Costs and probabilities
- Risk management safety zone

Study Materials:

-PMI’s Project Management Body of Knowledge Guide 2000
-Strategic Project Management…Leadership, Organizational, and Fiscal Responsibility
(A valuable reference manual filled with techniques, helpful hints, tools, and strategies for implementing world-class project management processes within your organisation. The manual provides you with the course details in a convenient format that facilitates note-taking, and serves as a handy reference guide for later use.)

Optional text:

- Strategic Project Management
(Termini’s best selling textbook, (SME 1999), containing leading-edge tools and techniques for professional project management.)

Instructor: Michael Termini, PMP

Michael J. Termini is a certified Project Management Professional and is President and CEO of The Consulting Alliance Group, LLC, a multinational consulting and training organisation specialising in the fields of strategic planning, strategic supply-side management, strategic project management, and numerous engineering and technical disciplines. An exceptionally talented author, consultant, lecturer, and senior executive, Mr. Termini has demonstrated an expansive, exemplary record of achievement in positions up to and including president and chief executive officer levels for both public and private sector corporations. A highly accomplished business executive and management consultant, Mr. Termini has successfully combined over 30 years of pragmatic business experience with a solid academic base of knowledge to formulate and implement effective operational strategies that have dynamically and profitably expanded each organisation under his leadership. An astute problem solver and decision maker with an innate talent for absorption and analysis of situational dynamics, Mr. Termini has consistently produced outstanding results for both his public and private sector clients. His extensive international experience and success in mergers, acquisitions, facility start-ups, and supply base development have led to his recognition as a conspicuous player in the European and Latin American markets.

An internationally recognised lecturer and author, Mr. Termini conducts over 50 training classes annually for many of the major US universities and trade associations, as well as for his client base of Fortune 500 organisations. In addition, Mr. Termini conducts global satellite training through NTU to sites in both the domestic and international venues on far ranging topics such as strategic planning, strategic project management, organisational transformation strategies, innovation, and management skills for technical professionals, to name just a few.

Mr. Termini holds an MBA in marketing and finance, and a BS in aerospace engineering from the University of Missouri. He is an author of works on strategic planning, strategic supply-side management, administrative cycle time management, project and advanced project management techniques, risk management, concurrent engineering, agile manufacturing, and business process reengineering. His book, The New Manufacturing Engineer - Coming of Age in an Agile Environment, hit SME's bestseller's list shortly after its release in 1997. His book, Strategic Project Management - tools and techniques for planning, decision-making, and implementation, also reached SME’s bestseller’s list soon after its publication in June, 1999. His latest book, Management Skills for Engineers and Other Technical Professionals, is due for release this year. In addition, Mr. Termini is an active member of Who’s Who among America’s Executives.

Cost: US$1095... we accept Mastercard, VISA, and American Express or Company Cheque in US or TT
Discounts: Groups of 5 or more receive US$50 off per person; Returning Students receive 5% discount

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The Management Institute is a part of the Robins School of Business at the University of Richmond, Virginia.