Managing Scope, Time, and Cost

The course explains “Best Practices for Managing Triple Constraints” for successful project delivery. It is a highly demanded training for individuals and organizations.

Training Options Enquire Now
ACCREDITED BY

This course is accredited by the Project Management Institute, Inc. as a PDU Program.

DURATION & CREDITS

Hours: 15
Course Identifier: PMAC115

DELIVERY

Online Instructor-led (15 hours)
Classroom (2 days)

PMAC is a Project Management Institute (PMI) Authorized Training Partner..

Managing Scope, Time, and Cost Overview

The triple constraints of scope, time, and cost are the foundational pillars upon which every successful project stands.

This course trains on how to successfully balance scope, time, and cost for a well-executed project delivery. It is aligned to the latest PMI Standards and Practice Guides.

Through revealing case studies and exercises, the participants gain knowledge and skills in managing these three key elements.

This course awards 15 Professional Development Units (PDUs).

At the end of this program, you will be able to:

  • Explain factors influencing scope, time, and cost
  • Balance triple constraints
  • Acquire practical skills to create, manage, and control project baselines
  • Create product backlogs and sprint plans
  • Resolve impediments impacting scope, time, and cost
  • Manage changes to ensure successful deliveries
  • Attain 15 hours education on best practices for managing scope, time, and cost
  • Earn 15 PDUs.
Upcoming Classes
Sat 10th May 2025 – Sun 11th May 2025

(1-day Weekends, 9:00 to 17:00 IST)

Register
Sat 14th Jun 2025 – Sun 15th Jun 2025

(1-day Weekends, 9:00 to 17:00 IST)

Register
Sat 5th Jul 2025 – Sun 6th Jul 2025

(1-day Weekends, 9:00 to 17:00 IST)

Register

Enter your requirements

    By submitting your details, you agree to be contacted in order to respond to your enquiry

    Course Syllabus

    Module 1: What are the triple constraints?
    • The three key elements
    • How they interrelate
    • Why focus on all three?
    Module 2: Key Factors Influencing Scope
    • Stakeholder requirements and expectations
    • Business Environment
    • Changing Needs
    • Emerging Threats, or New Opportunities
    • Balancing scope with other constraints
    Module 3: Planning Scope
    • Product Vision
    • Scope Baseline
    • Product Roadmap and Release Plans
    • Product Backlog
    • Sprint Plan
    • Adaptability and Resilience
    • Minimum Viable Product (MVP)
    Module 4: Controlling Scope
    • Managing Factors That Lead to Scope Creep
    • Evaluating Business Value of Change
    • Implementing Change Control Procedure
    • Tracking Scope, Kanban Board, and Burn Down Charts
    • Re-prioritizing The Product Backlog
    • Earned Value Management (EVM)
    Module 5: Key Factors Influencing Time
    • Dependencies
    • Resource availability and workload
    • Impediments
    • Inaccurate Initial Estimates
    • Poor Risk Management
    • Balancing time with other constraints
    Module 6: Scheduling
    • Defining Activities
    • Sequence Activities
    • Estimate Resources
    • Estimate Durations
    • Add Risk Reserves
    • Develop Schedule
    • Iterative Scheduling with a Backlog
    • On-demand Scheduling
    Module 7: Controlling Schedule
    • Managing Factors That Lead to Delays
    • Using Gantt Charts
    • Kanban Board, Burn Down Charts, and Velocity Charts
    • Managing Delays
    • Corrective and Preventive Actions
    • Using Project Management Software
    • Earned Value Management (EVM)
    Module 8: Key Factors Influencing Cost
    • Resource Costs
    • Inaccurate Initial Estimates
    • Poor Risk Management
    • Emerging Needs
    • Balancing cost with other constraints
    Module 9: Cost Planning
    • Estimate Costs
    • Cost of Quality (COQ)
    • Add Risk Reserves
    • Determine Budget
    • Create Cost Baseline
    • Costing in Agile
    Module 10: Controlling Cost
    • Managing Factors That Lead to Cost Overruns
    • Variance Analysis
    • Corrective and Preventive Actions
    • Managing Cost Changes
    • Forecasting
    • Using Project Management Software
    • Earned Value Management (EVM)
    Module 11: Strategies to Maintain Balance Throughout the Project
    • Continuous monitoring and adjustment
    • Risk management and mitigation
    • Effective communication and collaboration
    Module 12: Common Mistakes and How to Avoid Them
    • Overlooking one constraint
    • Poor change management
    • Inadequate stakeholder engagement

    Who Should Attend

    The Managing Scope, Time, and Cost Course is suitable for individuals or teams who are seeking formal, globally recognized skills and capabilities in managing triple constraints. It is beneficial for:

    • Project Managers
    • Team Members
    • Business Analysts
    • Program Managers
    • Portfolio Managers
    • Project Analysts
    • IT Project Managers
    • Functional Managers
    • Project sponsors
    • Project Subject Matter Experts
    • Project Contributors
    • Product Managers
    • All other project stakeholders

    Training Options

    Online Instructor-led
    • Experience live, interactive learning with The PMAC’s Online Instructor-led Course.
    • Engage directly with expert instructors and peers just like in a classroom session.
    • Enjoy the quality of interaction and engaging delivery.
    Enroll
    Onsite
    • Fulfill your training requirements with The PMAC’s In-house/Onsite Course at your premises.
    • Avail expertise of leading practitioners for professional development of your teams.
    • Request an appointment to tailor delivery to your needs.
    Contact

    Course Reviews

    Why Choose Us

    Renowned experts

    Leading practitioners who bring current best practices and case studies to the sessions.

    Experiential Learning

    Student activities with simulations and roleplays for highly engaging experience.

    Career growth

    Cutting-edge curriculum designed to develop those skills which are in high demand these days.

    Live classes

    Class with a live instructor and other delegates to help you communicate with your trainer and peers.

    FAQs

    Is this course right for me?

    It is an essential course for all those who are working on projects, programs, and portfolios. It enhances your credibility and expertise in balancing triple constraints and helps you improve success rates.

    Attending this course enables you to approach wider your job prospects – equipped with new competencies to successfully manage scope, time, and cost.

    Do I gain practical skills?

    Yes, you do gain practical skills which you can apply right away to real-world projects, programs, and portfolios. The course is delivered by the leading practitioners who bring real life examples, current best practices, and case studies to the sessions. This workshop involves multiple student activities, simulations, and hands-on exercises.

    How does my organization benefit from this course?

    For organisations, this training ensures that their employees are proficient in deploying best practices for managing scope, time, and cost, leading to improved project execution, reduced risks, on time and within budget delivery.

    The skills acquired from this course help people excel at their jobs and lets them contribute to their organization's success. Moreover, it strengthens an organization's competitive edge.

    Can I get some more understanding?

    Yes, for additional information, write to us at info@pmacconsulting.com

    Related Programs

    Disclaimer:

    “PMI”, the PMI logo, “ATP”, “ATP logo”, “the PMI® Authorized Training Partner seal”, “PMP”, “PMI-ACP”, “PMI-RMP,” “PgMP,”“PfMP”, and “CAPM”, “(PMI-CP)”, “PMI-PMOCP”, “PMI-PBA”, “CPMAI”, and “PMBOK” are registered marks of Project Management Institute, Inc.