BUSINESS ANALYSIS AND PROJECT MANAGEMENT COURSE

OBJECTIVES

• Understanding of Initiating the Project to the organization's Business Strategy
• Understand the different methods to evaluate if the project adds value to the existing business of the organization
• Familiarize with the types of the project life cycle and the different processes involved in the project
• Acquire the knowledge areas related to a project and their integration with the business strategy
• Work on the different challenges to make sure that the project has a balance between the triple constraints and is completed on time and within budget
• Coach the team in their role to understand the stakeholders in the projects and meeting their requirement which is critical for the project success
• The best manner of communication to be carried out by the project team
• Exploring the different ways of identifying Risk that can delay the project and the business and also analysing & managing the same

Content:

Understanding Business

• What is a Business?
• Business Needs
• Business Benefits
• Business and Strategy
• Business Analysis Planning and Monitoring
• Requirements Management and Communication

Understanding Projects

• Introduction to Project
• Project Life cycle
• Difference between Operations and projects
• Significance of Project in the Strategic objective of the organization

Relationship between Business and Projects  

• Different knowledge areas of Business analysis
• How do the different knowledge areas of BA impact the Project Management process?
• Impact of Changes in Business on Projects
• Investment Decision Making

 Understanding the Scope of a project

• Definition of the project scope
• Project Charter and other documents
• Work Breakdown Structure

 Scheduling and Business Analysis

• Creating Activities and sequencing activities
• Calculating Duration for Activities
• Developing Schedules
• Baselining and Updating schedules
• Impact of Scheduling on Business Analysis

Resource Management

• Understand the resource requirements for the projects
• Estimate resources and acquiring them
• Managing and Controlling resources

Costing and Business Analysis

• Estimating Cost
• Preparing Budget
• Controlling Cost
• Earned Value Analysis
• Impact of Cost changes on Business

Stakeholders

• Who are stakeholders?
• Identifying Stakeholders
• Understanding Stakeholder requirements
• Managing stakeholders

Importance of Communication

• Why communication is important for a project?
• Managing Communication

Procurement

• Planning Procurement
• Monitoring Procurement

How are Project Risks handled?

• Risk Management concepts
• Identifying Risks
• Risk Analysis – qualitative and quantitative analysis
• Mitigating Risk
• Managing reserves
• Project Risks and Business Impacts

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result, participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties