Euro Training Limited Training Programs, Workshops and Professional Certifications
...

Specific Job Related Process Knowledge and Skills

Including Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI on his Job
Audio version brochure
PMF800-2
2 Week Training Workshop

Fast Track Project Management Processes

Building Hands-on Skills & Competencies in

  1. Designing effective contracting arrangements and management systems to support fast-tracking.

  2. Identifying and mitigating risks specific to fast-tracked projects.

  3. Establishing efficient communication, coordination, and feedback systems for overlapping project phases.

  4. Leveraging data analytics, AI, and enabling technologies to enhance decision-making and performance monitoring.

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2 Week Training Programs

Kualalumpur
20-31 Jan 2025
Dubai
3-14 Feb 2025
London
17-28 Feb 2025
New York
2-13 March 2025
Seattle, USA
16-27 March 2025
Istanbul
30 March-10 April 2025
New York
13-24 April 2025
Dubai
27 April-8 May 2025
Kualalumpur
11-22 May 2025
London
25 May-5 June 2025


Useful Links


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What is Covered in this Program?

  1. Train participants in proven strategies and methodologies for managing fast-tracked projects.
  2. Equip participants with skills to define, organize, and execute overlapping project phases effectively.
  3. Provide tools for designing contract models and conditions that enable fast-tracking.
  4. Develop competencies in risk identification, mitigation, and performance monitoring for fast-tracked projects.
  5. Build knowledge systems to support efficiency and continuity in fast-track project management.
  6. Leverage data analytics and AI to proactively monitor and support fast-track project execution.

Who Should Attend?

  1. This Program is intended for all Project Professionals and Managers.
  2. This Program can be used to train fast track project implementation teams, so they can work together to make the Fast Track Project a Success.

Program Content & Modules

Fast Track Project Management Processes


  1. Overview of fast-track project management: When and why it’s necessary.
  2. Common challenges and pitfalls in fast-tracking and strategies to avoid them.
  3. The importance of policies, procedures, and clear communication in fast-tracked projects.
  4. Strategy Processes
  5. Building the Business Case
  6. Justifying the need for fast-tracking based on time-critical opportunities.
  7. Aligning fast-tracking objectives with organizational goals.
  8. Incentive Systems
  9. Designing incentives to motivate teams and stakeholders to meet fast-track goals.
  10. Planning Processes
  11. Fast-Tracking Project Lifecycle Phases:
  12. Project idea or need analysis: Identifying and prioritizing opportunities.
  13. Feasibility studies: Accelerating decision-making with concise, focused analyses.
  14. Licensor or technology selection: Streamlining vendor evaluations and approvals.
  15. Preliminary and detailed design: Overlapping design phases without sacrificing accuracy.
  16. Procurement: Implementing expedited processes for vendor selection and material acquisition.
  17. Construction: Coordinating simultaneous tasks to reduce timeline.
  18. Contracting Models and Scope Definition:
  19. Designing contract models that support fast-tracking (e.g., EPCM, cost-plus contracts).
  20. Establishing clear and flexible scopes of work to minimize delays.
  21. Operational Processes
  22. Risk Identification and Mitigation
  23. Identifying fast-track-specific risks such as incomplete designs, supply chain delays, and rework.
  24. Preparing dynamic contingency plans to address potential disruptions.
  25. Communication and Coordination
  26. Establishing cross-functional teams and streamlined communication channels.
  27. Using coordination tools and meetings to ensure alignment across overlapping tasks.
  28. Enabling Technologies
  29. Leveraging project management software, real-time dashboards, and collaborative tools to manage simultaneous activities.
  30. Performance Evaluation Processes
  31. Developing and tracking KPIs for fast-tracked projects, such as phase overlap efficiency, cost variance, and schedule adherence.
  32. Conducting regular performance reviews to identify areas for improvement during execution.
  33. Benchmarking fast-track projects against industry best practices.
  34. Data Analytics Processes
  35. Implementing data-driven decision-making tools to identify potential delays or cost overruns.
  36. Using predictive analytics and AI to forecast risks and resource needs.
  37. Creating real-time dashboards to track project progress and inform proactive interventions.
  38. Risk Management Processes
  39. Monitoring and mitigating risks continuously throughout fast-tracked phases.
  40. Establishing risk-sharing provisions in contracts to distribute responsibilities fairly.
  41. Revising plans dynamically to address emerging risks.
  42. Quality Assurance Processes
  43. Ensuring that accelerated timelines do not compromise quality standards.
  44. Conducting frequent inspections and quality reviews during overlapping project phases.
  45. Contingency Management Processes
  46. Preparing alternative workflows to handle unforeseen challenges.
  47. Adjusting project milestones and deliverables without jeopardizing the final timeline.
  48. Improvement and Lessons Learned Processes
  49. Capturing lessons from fast-track projects to refine methodologies and practices.
  50. Sharing best practices across teams to improve future project performance.
  51. Building Process Knowledge and Updating SOPs
  52. Developing and maintaining a knowledgebase for fast-track project management.
  53. Regularly updating standard operating procedures to include new tools and approaches.
  54. Reporting Processes
  55. Generating real-time reports on schedule, costs, and risks to keep stakeholders informed.
  56. Using dashboards and analytics to visually communicate project progress and areas of concern.
  57. AI Leveraging Processes
  58. Using AI tools to optimize scheduling, resource allocation, and risk forecasting.
  59. Automating routine project tracking and performance analysis tasks.
  60. Employing machine learning to recommend actions based on historical project data.
  61. Human Resource Development Processes
  62. Training and mentoring project teams to build fast-track management competencies.
  63. Establishing leadership systems to empower decision-makers in time-critical projects.
  64. Promoting collaboration and flexibility among project teams and stakeholders.
  65. Workshop 1
  66. Deep dive into fast-track project management strategies and systems.
  67. Developing a fast-track project performance evaluation system.
  68. Designing meaningful KPIs for tracking fast-tracked projects.
  69. Workshop 2
  70. Building a framework for a fast-track project management knowledge system.
  71. Personalized action planning for improving fast-track project management processes.
  72. Use Cases Fast Track Project Management

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