PLAN THE TIME AND SEQUENCE OF ACTIVITIES WITH PRINCE2 TRAINING
Measuring the performance of the project is very crucial and significant part of managing a project. Prince2 course is perfect for calculating the best way to use the available resources cross the project. But before that it is important to gain necessary tools to make sound financial decisions for the project that is responsible for successful performance of the project. With Prince2 certification course participants learn to assess and communicate finance and budgetary information with confidence and participating more effectively in the business decision making process. Finance in the current global business environment has become fastest growing area where managers are looking to leaders for insight, understanding and recommendations. Prince2 course would help the participants understand the “macro” big picture and “micro” line item context and trends of finance-as well as the mechanics of developing budgets. Prince2 course helps the participants become familiar with the standard financial documents and use budget and estimating methods and tools more effectively. One would be able to review and discuss commonly used financial metrics to not only understand the numbers, but also to explore the financial impacts of typical operating decisions and actions from a project to organizational level. Prince2 course makes the attendees learn how to gather, compile and prioritize financial data to develop, execute and manage a budget.
Prince2 course will also focus on managing the constraints typical of projects such as limits on time, human resources, materials, budget and specifications. Participants with this training program would be able to master the techniques such as estimating, forecasting, budgeting, monitoring, controlling, analyzing and reporting costs and interpreting the meaning of earned value data. Participants also learn a sound, logical framework for scheduling and controlling project activities and discover ways to work within the identified constraints without curtailing creativity and innovation. Prince2 course helps the attendees learn the skills one needs to effectively establish and manage a realistic schedule and detailed budget. Through the training one learns the art to develop an integrated budget and schedule while monitoring project performance during execution. Prince2 course would also help learn the management tools that help to ensure projects are delivered on time and within budget as well as the significance of creating baselines for the project schedules and budgets. To communicate the project’s progress to stakeholders, one would learn to use the reporting and other analysis techniques along with the mechanisms and formal change control procedures. Scheduling helps in providing a basis for managers to monitor and control project activities, determine how best to allocate resources so one can achieve the project goal, in assessing how time delays will impact the project and figure out where excess resources are available to allocate them to other projects. So scheduling forms an inevitable part of the project management as well as critical part of the people’s efforts as it identifies and organizes project tasks into a sequence of events that create the project management plan.