by February 22, 2006 0 comments


Rs 1,250 each
Project managers, business analysts
Easy to understand modules with exercises at the end of each; use of several case studies as examples
Pros: Builds an insight into the subject for organisational benefits
Cons: None
Compulink Systems,
Pune Tel: 5652 8000
RQS# E25 or SMS 132502 to 9811800601

We received two e-learning packages from Pelcon for project
risk management and earned value management. These are meant to help
organizations and project managers manage their projects better. The Project
Risk Management (PRM) software is all about understanding and managing project
risks. It’s meant to help managers understand the concepts of risk and how to
handle them for any process. An organization could face heavy losses if it takes
risks without proper planning. But, with calculated and proper management,
losses could actually be converted into profits. The course on Earned Value
Management (EVM) teaches the benefits and purpose of the same. It’s meant to
help judge the performance of projects and tasks accurately. EVM is defined as a
systematic approach to integrating and measuring cost, schedules, and technical
accomplishments on a project or task. This course provides both buyers and
sellers the ability to examine detailed schedule information, technical
milestones, critical programs and cost data. The benefits of the EVM approach
are that, in addition to giving information about the time and money spent on
the entire project, it also estimates the work accomplished for the funds

Earned value management: Making you understand the EVM concept by taking a typical board room scenario                Project risk management: An example explaining the risks for a project, such as business center development

The content in both softwares has been made easy to
understand. The course on PRM uses several case studies along with audio/visual
inputs. It has been divided into modules, with an exercise and summary at the
end of each. The various modules cover concepts of risk management planning,
risk management and assessment techniques, risk response planning and risk
monitoring and control. The course also takes help from Project Management Body
of Knowledge (PMBOK) and Project Risk Analysis and Management (PRAM) techniques.

The EVM course is taught using a typical case study of an
automobile company with dipping sales volumes. This is also divided into
different modules, which cover EVM concepts and methods, Work Breakdown
Structure (WBS), plan and schedule of the project, project resource estimates
and budget, performance monitoring and reports. The software displays the
relevant text, along with the voice and visuals. The concept of EVM can be
implemented even into the IT field for determining the present status of the
project, as to whether it’s running over or under budget and schedule.

Bottom line: These
courses could be taken by all project managers in any organization to help them
and their team perform better.

Anubhav Verma

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