Healthcare

The successive principle: a project method for more reliable cost and time estimates.

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Bonnier Akademi
under the brandsByggindustrin AkademiFastighetsnytt Akademi
Verified provider of education

This course is about how you can use the successive principle, a project management method for analysing uncertainty in a project and capturing complexities that traditional estimates often miss. We go through the theory behind the method and the principles for carrying out a cost and/or time analysis. You will learn how to use the result to assess the probability of meeting the project's budget and schedule and to compare different investment alternatives.

Format: On site
Language: Swedish
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About the course.

This course is about how you can use the successive principle, a project management method for analysing uncertainty in a project and capturing complexities that traditional estimates often miss. We go through the theory behind the method and the principles for carrying out a cost and/or time analysis. You will learn how to use the result to assess the probability of meeting the project's budget and schedule and to compare different investment alternatives.

What you will learn

What you learn.

  • Knowledge of the successive principle, an alternative to traditional estimates and schedules, and learning to make more realistic assessments and estimates
  • Learning how to carry out uncertainty analyses of time and cost
  • Knowledge of how you can handle the results of the uncertainty analyses and use them as decision support in the project process
Curriculum

How the course is built.

  1. What the successive principle means and the theory behind it

  2. The principles for carrying out a cost and time analysis according to the successive principle

  3. How to assess the probability of meeting the project's budget

  4. How to assess the probability of meeting the project's schedule

  5. How the successive principle can be used as support for decisions in the project process

  6. How to compare different investment alternatives, taking their uncertainties into account

  7. How to choose a method for cost estimates based on the project's complexity and size

  8. How you can simplify the successive principle for smaller projects where a full uncertainty analysis would be too expensive and time-consuming

Target audience

Who is this for?

Project managers and project members Managers in client organisations Contractors and others in the supply chain looking for an effective aid in tendering Technical consultants who produce input for uncertainty analyses

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