D3: Managing a Project from A to Z - A Methodology Based on Key AACE Recommended Practices

Wednesday - Thursday, June 27-28, 2018 (1.5 days)
1.2 CEU

Amin Terouhid Instructor: Dr. Amin Terouhid, DRMP PSP
 Dr. Terouhid is a senior project management and construction claim consultant. He has   a master’s degree in industrial engineering and another master’s degree in civil   engineering. With a Ph.D. in construction management, Dr. Terouhid’s expertise is focused   on project planning and scheduling, construction claim analysis, and cost engineering. As   an expert, Dr. Terouhid has provided consulting services to many clients for more than 14   years especially in the gas, petrochemical, and construction industries.

He also has extensive teaching and research experience in the fields of operations, project, and construction management. He is the primary author of three AACE recommended practices (RP 89R-16, RP92R-17, and 91R-16), and has published a variety of articles, with a focus on construction management, in scientific journals and presented his works in international conferences. He also holds Project Planning and Scheduling Professional (PSP), Decision and Risk Management Professional (DRMP), and Project Management Professional (PMP) certificates.

Description
This seminar provides a project management methodology based on a select set of AACE recommended practices. This methodology identifies the key process steps in managing projects and specifies the tools that can be used in each step for successfully using the methodology in managing real-world projects. With its novel approach, the seminar explores how work breakdown structures need to be developed, and how these structures can effectively be used to produce the list of project activities. The attendees will then practice developing and managing a project schedule based on the key requirements outlined in the
corresponding recommended practices. Other topic areas include project cost estimating, project risk management and project execution. With its focus on the AACE Recommended Practices, the seminar reviews the relevant recommended practices in each step of the methodology and provides a variety of examples to effectively use content knowledge and relevant skills in teaching the concepts.

Content:  Intermediate

Learning Objectives and Method of Measurement
-Apply a proposed project management methodology that can be used for effective
management of real-world projects
- Identify the key process steps in implementing real-world projects and the tools and
techniques that can effectively be used in practice
- Identify the key AACE recommended practices that relate to each process step to
demonstrate an in-depth knowledge of the key requirements of each recommended practice

The course material contains both tutorials and example-based exercises. To enable
educational training and learning objectives to be planned and measured properly, exercises
will speci􀂡cally target each of the learning objectives outlined above. Additionally, the
assessment questions will be created such that they correlate with the seminar learning
objectives.

Knowledge Areas Addressed
Project Time Management, Project Cost Management, Project Risk Management, and Project
Control and Project Control Process

Requirements 
Participants should bring a laptop

Agenda
Day 1  
Step   Related Recommended Practices (RP)
Develop process- 

and deliverable-oriented Work Breakdown Structures (WBS)

  • 33R-15 Developing the Project Work Breakdown Structure
  • 39R-06 Project Planning – As Applied in Engineering and Construction for Capital Projects
 Develop Organizational Breakdown Structure (OBS) and Responsibility Matrix
  •  83R-13 Organizational Breakdown Structure and Responsibility Assignment Matrix

Produce the Activity List based on the process- and deliverable-oriented WBS’s

 
  • 23R-02 Identification of Activities
  • 37R-06 Schedule Levels of Detail—As Applied in Engineering, Procurement, and Construction
  • 32R-04 Determining Activity Durations

Develop the project schedule 

  •  24R-03 Developing Activity Logic
  • 61R-10 Schedule Design – As Applied in Engineering, Procurement, and Construction
  • 48R-06 Schedule Constructability Review
  • 38R-06 Documenting the Schedule Basis

Day 2  
Step Related Recommended Practice (RP) 
Manage the project schedule
  •  53R-06 Schedule Update Review – As Applied in Engineering, Procurement and Construction
  • 54R-07 Recovery Scheduling—As Applied in Engineering, Procurement, and Construction
  • 49R-06 Identifying the Critical Path
  • 92R-17 Analyzing Near-Critical Paths
 Prepare project cost estimates 
  • 18R-97 Cost Estimate Classification System
  • 19R-97 Estimate Preparation Costs in the Process Industries
  • 40R-08 Contingency Estimating – General Principles
  • 34R-05 Basis of Estimate 
 Manage project risks
  •  72R-12 Developing a Project Risk Management Plan
  • 57R-09 Integrated Cost and Schedule Risk Analysis Using Monte Carlo Simulation of a CPM Model
  • 62R-11 Risk Assessment: Identification and Qualitative Analysis
  • 63R-11 Risk Treatment
 Execute the project and use   project control techniques
  •  55R-09 Analyzing S-Curves
  • 60R-10 Developing the Project Controls Plan
  • 82R-13 Earned Value Management (EVM) Overview and Recommended Practices Consistent with EIA-748-C
  • 86R-14 Variance Analysis and Reporting

$1050 member / $1200 non-member

NOTE: Add $100 if you are not staying at the host hotel. Book your room before registering for the seminar to lock-in the rate listed above. Add $100 for late registration (after May 21) and an additional $100 for on-site registration. Seminar is subject to cancellation if minimum enrollment is not met 30 days prior.  Please register by May 21.  Notification of seminar cancellations will be announced May 23.   

Professional Development & Technical Resources