Program Description

The course in Project Resource Optimization is designed to equip participants with the essential skills and techniques required to effectively manage and optimize resources in project environments, particularly within the construction domain. With a focus on practical applications, the course provides a comprehensive understanding of project scheduling, resource allocation, cost management, and project monitoring and control. To develop, maintain, and update project schedules using techniques such as CPM and PERT

Course Objectives

  • To effectively allocate, track, and optimize resources including labor, materials, and equipment.
  • To learn techniques for estimating, budgeting, and controlling project costs throughout the construction lifecycle.
  • To establish the project control systems to monitor progress, identify deviations from the plan, and implement corrective actions.

Key Highlights

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Network Diagram.

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Critical path method

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Leads and Lags.

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Schedule compression.

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Precedence diagram method.

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Resource allocation and levelling.

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Budget and variance analysis.

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Schedule, cost and resources monitoring and control.

Course enrollment data

Learning Format

Online

Duration

4 Units

Certified by

IITM Pravartak Technologies Foundation
Technology Innovation Hub (TIH) of IIT Madras and
L&T EduTech

Program Fee

₹1900 (inclusive of tax)

Downloads

Program Description

Education Qualification

Students pursuing Diploma/ UG /PG Programs in all branches of Engineering

Suggested Prerequisites

NA

Teaching Hours

8 hours

Lead Faculty

V T Chandra Sekhar Rao Vice President and Dean - L&T Institute of Project Management.

With over 39 years of extensive project execution experience across a diverse range of industries including Oil & Gas, power, steel, and industrial sectors, coupled with 5 years in project management education and consulting, VTCS Rao is a seasoned expert in project management. Certified as a PMP and PMI RMP and holding designations such as FRICS and PGPEC (Certified CEO Coach), Rao specialize in various aspects of project management including strategy, program management, risk management, contracts and claims management, and project operations (PMO). Additionally, Rao’s expertise extends to project management competency development.

Learning Schedule

Approach to schedule management, Bar/ Gantt Charts, Sequencing and Dependency, Network Diagram, Activity Duration, Critical Path Method, Total Float, Free Float, Case study on CPM, Activity Relationships – Critical, Driving and Non-driving, Lags and Leads in CPM and Schedule constraints, Precedence diagram method.

Resource Allocation and Resource Levelling, Schedule Compression, Case Study on Schedule Compression, Program evaluation and review technique (PERT), PERT to Predict the Probability of Project Completions, Case study on PERT

Essentials of cost management, Cost Estimation, Budget and Variance Analysis, Cost Monitoring and Control, Project Cash Flows, Case Study on Cost Estimation of Transmission Line Project, Case Study on EVM Analysis for Affordable Housing Project, Case study on Project Cash flow Management for Railway Bridge Construction Project.

Analysis Techniques, Visualisation Techniques, Case study on Monitor and Control Schedule, Cost, Resources, Quality and risks



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