COURSE OVERVIEW
Managing large, complex, and simultaneous projects requires advanced managerial expertise, knowledge, and tools that go beyond the requirements for single projects. At this strategic level, project and program managers align closely with the organization’s business objectives, policies, and goals, influencing key strategic and financial decisions that impact overall organizational success and efficiency.

KEY FEATURES
Participants in the Strategic Project Assessment training will gain the ability to:

• Understand corporate strategic processes and objectives that guide project selection.
• Establish systems and structures to support effective program and project management.
• Identify project portfolios that align with overall corporate strategy.
• Select the most suitable contractors, suppliers, and consultants.
• Monitor and manage project progress and costs continuously to meet desired outcomes.

LEARNING OBJECTIVES
By the end of this course, delegates will be able to:

• Identify investment projects that align with corporate strategy, objectives, and business policies.
• Evaluate individual projects using technical criteria to determine feasibility.
• Understand how programs, systems, and organizational structures facilitate project selection and assessment.
• Determine the most effective contracting approach to achieve corporate objectives.
• Apply optimal source selection techniques for projects and programs.
• Implement accurate progress and cost control methods to ensure delivery according to contractual baselines.

TARGET AUDIENCE
This program is intended for staff responsible for or involved in project risk management, including:

• Project managers and leaders
• Project planners and schedulers
• Project risk management personnel
• Production and operations engineers

TRAINING METHODOLOGY
Delegates will enhance their project management expertise through a combination of formal instruction and interactive methods, including:

• Individual exercises and team-based projects
• Real-life case studies and video material
• Group discussions and practical exercises

The course is structured to allow immediate application of learned concepts in the workplace. It introduces new concepts progressively, guiding delegates from foundational to advanced project risk management skills. Pre- and post-course assessments measure the effectiveness of learning.

COURSE CONTENT

Module 1 – Strategic Project Assessment & Selection
Description: Introduces corporate strategic processes and the procedures for aligning projects with organizational objectives.
Key Topics:

• Corporate strategy and project alignment
• Strategic management planning and process
• Environmental analysis and portfolio development
• Project classifications, life cycle, and process models
• Triple constraint in project management
• Technical evaluation (market, technical, financial, economic, environmental, and risk analysis)
• Technical and engineering feasibility, location, process, equipment, and optimal operational scale
• Environmental considerations, regulations, and due diligence

Module 2 – Project Program Structures, Systems, and Processes
Description: Explores organizational requirements for program and project management integration.
Key Topics:

• Strategic business criteria for project evaluation
• Linking corporate strategy to multiple projects
• Weighted scoring models and Integrated Enterprise Project Planning and Management Cycle (IPPMC)
• Program and portfolio management
• Program governance and phase-gate reviews
• Program life cycle: setup, management, technical infrastructure, and close-out
• Integration of corporate structures and functional departments

Module 3 – Project Contract Types & Compensation
Description: Covers major contracting approaches and associated contract types.
Key Topics:

• Fixed-price contracts (firm fixed, unit price, economic price adjustments, time & materials)
• Cost-plus contracts (reimbursement, award fee, fixed fee, percentage of cost)
• Incentive contracts (fixed-price incentive, cost-plus incentive)

Module 4 – Sourcing and Selecting Suppliers, Consultants, and Contractors
Description: Details source selection methods and project-specific supplier evaluation.
Key Topics:

• Source selection methodology, evaluation criteria, and contractor surveys
• Two-step selection process for design professionals
• Pre-award stage: bid planning and package development
• Award stage: competitive and non-competitive proposals, bid evaluation
• Post-award stage: contract execution and administration

Module 5 – Project Execution Management, Control, and Reporting
Description: Introduces the application of Earned Value Management (EVM) for project monitoring and control.
Key Topics:

• Bid document development
• Project resource and budget management
• Cost baseline management
• Project management reporting
• EVM control process and trend analysis
• Schedule and cost variance forecasting (SV, CV, SPI, CPI, run charts)
• Estimation of project cost and duration at completion