Course Description:

The project manager must take steps to ensure that the project is completed within the budget and without using any more resources than necessary. However, this is not always in their control as unexpected events like financial crises and natural disasters can increase the project costs and required resources. In such a situation, steps must be taken to remedy the situation. Moreover, time is another valuable resource that must be carefully expended. Tracking the time spent on the project will provide crucial data to the project manager, allowing them to ensure that the project is completed within the deadline. This course is the second in a series of four courses on intermediate project management and it will help you learn these skills. Additionally, you will also learn about the situations when it is best to terminate the project to prevent further losses. Learning objectives: – Learn two fallacies that prevent you from making the right decision about whether or not to continue a project – Learn the five main situations when it makes sense to kill your project – Understand the meaning of resource planning – Learn six best practices for resource planning – Learn the three-step process for creating a resource plan – Learn the four main causes of a resource deficit – Learn two main ways of handling a resource deficit – Learn five techniques for improving your time tracking – Learn the six-step process for controlling the costs of your project when it is over budget – Learn the five scheduling best practices to take into account multiple projects

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