Published 4/2023
Created by Jamal Moustafaev, BBA, MBA, PMP
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 7 Lectures ( 43m ) | Size: 732 MB
Learn what rolling financial forecasts are and how they are used in the project management domain.
Free Download What you'll learn
Discussion of rolling financial forecasts and their attributes in project management
Overview of typical rules of the game for project managers
How to generate estimates
Step by step analysis of an evolution of a rolling forecast on a real life project
Requirements
Knowledge of Project Management
Description
This course is a result of 25 years of consulting project and portfolio management experience, including managing all aspect of project financial forecasting. We will start this course with a brief overview of rolling financial forecasts and how they are used in the project management domain. We will then focus on the typical rules of the game including tolerance levels towards monthly and total variances, including positive and negative discrepancies.Also, we will discuss one of the key rules of rolling forecasts that states that if your Total Forecast at any point of time ends up being less than Total Budget, the variance will be taken away from you forever.The course will also discuss a very popular in certain circles "+/-10% estimation accuracy" myth and the ways senior sponsors circumvent it.The main section of this course is dedicated to the step-by-step analysis of the rolling financial forecast on a real project. We will discuss the creation of the initial forecast and several ways of eliciting estimates including your team's assessments as well as historical data and 90% confidence levels. As we progress through project timeline, we will examine how to protect your Total Contingency, how to address Monthly Variances (both positive and negative), how to deal with project delays and how to gradually return the contingency fund back to the PMO.
Who this course is for
You are a project manager who runs medium to large-size projects
You are a business analyst who is responsible for interactions with stakeholders on medium or large-size projects
You are a technical resource who is planning on participating in a project
Homepage
https://www.udemy.com/course/project-management-create-a-rolling-financial-forecast/
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