Project and Team Management Course

The course consists of two parts: theoretical and practical. The first part of the course provides a detailed breakdown of project financial accounting methodology, key concepts, approaches, and limitations.

The second part covers practical aspects of working with Timetta: creating initial project estimates, developing baseline plans, working with change requests, and recording and analyzing actual performance metrics.

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Course Content

  1. Methodological Recommendations

    • Cost classification: direct and indirect costs
    • Labor cost: calculation methodology
    • Types of profitability: operational and gross
    • Financial accounting methods: managerial and accounting
    • Utilization
    • Methods for determining target gross profitability

  2. Initial Project Estimation

    • Team formation
    • Project structure creation
    • Scheduling
    • Resource requirement assessment
    • Direct cost estimation
    • Revenue and cash flow estimation
    • Initial estimation analysis
    • Creating multiple versions of initial estimation

  3. Master Plan Creation

    • Initial estimation approval
    • Master plan creation
    • Comparison of planned and estimated project metrics

  4. Implementation Management

    • Regular project metrics forecasting
    • Forecast approval and analysis
    • Change management: master plan revision
    • Recording and approval of actual labor costs
    • Recording actual revenue
    • Recording actual expenses
    • Invoicing and payment receipt accounting
    • Monitoring actual and forecast metrics
    • Project closure and summary

  5. Employee Metrics Control

    • Utilization
    • Information on estimated, planned and actual workload

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