Project Management (Code 302) (3 credits)
Course Description: The course covers key components of project management including
project integration, project scope management, project time and cost management, quality
management, human resource considerations, communications, risk management, and
procurement management
Course outcome
On successful completion of this course, students will be able to design
Students will be able to recognize the need for managing different types of projects in an
organization Students will be able to discuss the various tools, process and methodologies
which can be used at the different stages of a project lifecycle.
Students will be able to apply the appropriate tools, process and methodologies for the
distinct stages at a project lifecycle.
Students will be able to distinguish between work breakdown structure and process
breakdown structure and will be able to create WBS and responsibility matrix
Students will be able to apply the tools learnt to assess project uncertainties and manage the
risk Students will be able to evaluate the importance of performance measurement during
pre-audit and post audit.
MODULE 1: Introduction to Project management
Definitions, Concepts & key terms, Progressive elaboration, Project vs Operations, Program
Management, Project Portfolio Management, Project Feasibility, Functional, Technical,
Economic, Commercial and Financial feasibilities, Ten Sub-Systems of Project Management,
Evolution of integrated project management system, Project Integrated Management Process
,Project Lifecycle, Project lifecycle phases. (6 hours)
MODULE 2: Project Scope Management and Cost Management
Defining project scope, Project scope planning, Scope definition at Project Initiation,
Characteristics of good scope document, Scope constituents, Statement of Work, Project Cost
Management, Creating work break down structure (WBS),Purpose of WBS, Factors in
development of WBS, WBS through MS Project (6 hours)
MODULE 3: Project Time Management and Risk Management
Network models, PERT & CPM, Activity dependencies, Leads and Lags, Estimating activity
durations, Objectives, Advantages and Disadvantages of CPM, Differences between PERT and
CPM, Project Risk Management, Techniques for risk analysis, Sources and perspectives of risk,
Project specific risk, Competitive risk, Industry specific risk, market risk, Firm risk, Business
risk, financial risk (8 hours).
MODULE 4: Project Review and Team Management:
Project review and monitoring, Types of Project reviews, Tools for monitoring a project,
Earned value analysis, Abandonment analysis, Performance analysis, Project Team
Management, Stages in Project Team Management, Managing virtual project teams Project
Quality Planning, Quality assurance, Quality audit (4 hours)
Note: Case Study would be dealt according to Chapters
References:
1. Project Management –Jeffrey K. Pinto – Pearson.
2. Project Management – Rory Burke –Wiley Publication
3. Project Management – C S Parthasarathy – I.K. International Publishing
4. Project Management -- Clifford Gray & Larson
5. www.pmi.org