Effective project management goes beyond simply meeting deadlines and adhering to budget constraints—it is about delivering value and achieving key strategic objectives. This Project Performance Measurement and Management training course will delve into the core principles, tools, and techniques essential for measuring, analyzing, and managing project performance to ensure successful outcomes.
Project performance measurement provides the critical, data-driven insights required to track progress, pinpoint risks, and make informed decisions. Without robust measurement practices, project teams may struggle to identify issues early, leading to missed targets and inefficiencies. This course will cover essential performance frameworks such as Key Performance Indicators (KPIs), Earned Value Management (EVM), balanced scorecards, and other tools used to evaluate performance across areas like scope, time, cost, quality, and stakeholder satisfaction.
Effective management of project performance extends beyond measurement—it involves proactive decision-making and a continuous commitment to improvement. The training course will explore how to interpret performance data, implement corrective actions, and cultivate a culture of accountability and excellence. With the use of case studies and real-world examples, participants will gain practical skills to enhance project outcomes across a variety of industries.
This Energy Training Centre training course will highlight:
- Discussions on project success and failure
- Exploration of the concept of the value and value-driven project management
- Definition of key performance indicators, metrics and reporting mechanisms
- Demonstration of techniques to control expectations through effective stakeholder management
- Examination of effective governance mechanisms to support planning, execution, change control, and performance management
- Application of core planning techniques to enable management to control project scope, schedule, costs, uncertainty, and quality
By the end of this training course, the participants will be able to:
- The benefit of applying value-driven Project Management techniques
- How to identify relevant Key Performance Indicators (KPI) & establish additional metrics to measure the increasingly complex nature of modern projects?
- How to compose effective dashboards and scorecards to report project performance?
- The importance of clearly establishing the project environment and context within the planning process
- The benefit of applying proven project management techniques to establish an integrated project baseline
- How to measure, forecast, present status, and control project performance by employing earned value techniques?
- The importance of careful team selection and dynamics in project performance
This Project Performance Measurement and Management training course will incorporate both theory and skill training components, applying hands-on exercises, facilitation of group discussions, practical case studies, and real-life examples.
Impact on the organisation in attending this Project Performance Measurement, and Management training course will benefit by:
- Making corporate improvements by linking strategic goals to accurately defined project performance metrics
- Enhancing decision-making due to clear visibility of project progress and performance, and delivering to expectations
- Excelling in project management practice and increasing organisational maturity
- Equipping employees with enhanced skills in project management and leadership
- Improve their project delivery key performance indicators and success rates
- Improving customer and shareholder value through consistently accurate and reliable performance reporting
This impact of this training course to the participants will develop additional and valuable skills through:
- Learning to recognise and address the increased complexity of the modern project management environment
- Appreciating the need to recognise that value-driven approaches and a focus on “outcomes rather than outputs” is a key success factor in all projects
- Enhancing their project management skills by knowing how to plan, organise, implement, control, and close projects using proven best practices
- Knowing how to report project performance accurately through the selection of relevant Key Performance Indicators
- Learning how to proactively identify and control project risks and thereby maintain consistent project performance
- Improving the speed and efficiency of delivery in all projects they are involved in
This training course is tailored to suit project management professionals and project team members who are engaged in the planning, execution, and delivery of projects of all types and sizes.
This training course is a suitably wide range of professionals but will significantly benefit:
- Project Directors
- Project Managers
- Project Consultants
- Project Planners and Estimators
- Quality Assurance Managers and Engineers
- Contract and Procurement Managers
- Project and Discipline Engineers
- Specialist Technicians and Technical Assistants
Day One: Building Projects for Success
- Project Definitions and Characteristics
- The Fundamentals of Project Management
- The Importance of Understanding Project Context and Environment
- Defining Project Scope
- Establishing Project Commercial Viability
Day Two: Planning Projects for Effective Performance Measurement and Management
- The Project Planning, Organising, Implementing, and Controlling Sequence
- Developing Work and Cost Breakdown Structures
- Project Management Roles and Responsibilities
- Project Time and Cost Estimating Techniques
- Project Schedule Development and Analysis
Day Three: Monitoring, Measuring, and Managing Project Performance
- Setting up Project Control Systems
- Selecting Appropriate Key Performance Indicators
- Monitoring Performance through Earned Value Management
- Project Progress Measurement and Analysis
- Controlling Project Handover to Operations
Day Four: Maintaining Project Performance through Effective Risk Management
- Risk Management Planning
- Risk Identification
- Risk Analysis
- Risk Response Planning
- Risk Control and Closure
Day Five: Project Team Building and Stakeholder Management
- The Team Development Cycle
- Building Effective Project Teams
- The Difference between Leadership and Management
- The Keys to Effective Influence
- Managing Stakeholders and Stakeholder Expectations
