JIMMA UNIVERSITY
COLLEGE OF BUSINESS & ECONOMICS
MBA PROGRAM
Course Title: PROJECT ANALYSIS AND MANAGEMENT
Course Code: MBA 711
Credit Hours: 2 (TWO)
Instructors: AREGA SEYOUM ASFAW (PhD)
WONDAFERAHU MULUGETA (PhD)
Course Description
The course covers the principles, methods, and techniques of planning, evaluating and
implementing a capital project. The project cycle consisting of planning and pre-
investment phase and operational phase will be studied. Emphasis is placed on market
appraisal, technical appraisal, financial appraisal and economic appraisal of the project.
As part of the course student has to develop a feasibility study.
This course is used to integrate and apply the knowledge gained from previous courses
with an emphasis on how to analyze and plan a project and how to select and use
systems management methods and tools on a professional project. Project planning,
analysis, and design; organization, project, and individual goals; processes, performance
data/information flow and system structure; monitoring, measurement of project
performance/progress, and control systems, project evaluation and close-up as well as
success are emphasized. Students are highly expected to demonstrate their analytical
grasp, theoretical insights and problem solving abilities through their work.
Course Objectives
This course provides a comprehensive analysis of projects in contemporary organization.
The course addresses the basic nature of managing all types of projects – public,
business, engineering, information systems, etc., as well as specific techniques for
project management. Topics include: project identification, project preparation, project
analysis and selection, project planning and scheduling, uncertainty and risk
management, project budgeting and cost estimation, project monitoring and
controlling, project evaluation and termination, and project auditing are just to mention
a few.
Course Outline
Chapter 1: General Introduction
A brief overview of the subject matter
Chapter 2: Project Cycle
In this section of the course detail discussion will be made with respect to the various
models that deal with the project cycle. Specifically, the World Bank – Project Cycle and
the UNIDO Approach will be discussed.
Chapter 3: Feasibility Study
A feasibility study should arrive at conclusions on all aspects of a project. These analyses
and recommendations are supported with evidences. The study should outline issues
such as: Market Analysis, Raw Materials and Supplies, Location, Site and Environment,
Engineering and Technology, Organization and Human Resources, Project
Implementation and Financial Analysis.
Chapter 4: Project Organization
Project organization involves selecting an appropriate project organization structure,
and establishing the organizational breakdown structure (OBS) for the project.
Chapter 5: Project Planning Fundamentals
Project planning involves establishing work breakdown structure (WBS) and mapping
this structure to the established organizational breakdown structure (OBS). More
specifically, the planning phase includes Scope and project definition, planning at
strategic level: milestone plans, planning at lower level: activity plans; managing project
organization, structure and responsibilities; developing implementation schedule -
estimating duration, Project scheduling with networking, resource smoothing; principles
of good project management etc will be covered.
Chapter 6: Cost Estimating and Budgeting
Topics included in this section are types of cost estimates; Cost Estimating process and
techniques; controlling costs: obtaining value for money; the systems development
cycle; elements of budgets and estimates, uncertainty and risk management etc.
Chapter 7: Project implementation, monitoring and control
This chapter covers topics like project start-up; resourcing a project; implementation
planning; allocating work; requirements for effective control; monitoring, calculating
progress, and analyzes variances to forecast completion; and taking action to respond to
deviations from plan.
Chapter 8: Project completion/ Termination and Evaluation
In this chapter Project handover and delivery or effective transfer of the product to the
users; completing the project; evaluating the project; and post completion review or
project audit are the issues to be discussed.
Project learning is recognized by organizations as one of the most important factors for
success in current and future projects. Through life cycle and post-mortem analysis the
project manager may record data or lessons learnt for the operation of the facility, or
for the design, planning, estimating, and management of future projects. In general, in
this chapter concept like Project failure, project success, the causes of project success
will be covered.
Mode of Delivery
Lecture
Project Work (Group Assignment)
Course Requirements
Individual assignment and classroom presentation (10% of the total
marks).
Project feasibility study on a given product or service and presentation,
maximum of 3 students in a group. The guideline for the assignment is
the UNIDO Manual (available at Social Science library). It is highly
mandatory to strictly follow the Manual (40% of the total marks).
Final Examination (50% of the total marks).
Time Allocation
5 Weeks lecture
2 Weeks presentation
1 Week course summary and close-up
References
Chandra. (2002). Projects: Planning, Analysis, Financing, Implementation & Review. Tata
McGraw Hill. Fifth Edition.
Clifford G. & Erik L. (2005). Project Management: A Complete Guide for Every Manager.
Tata McGraw Hill Publishing Co. Ltd. New Delhi.
Geoff Reiss. (1995). Project Management Demystified Today’s Tools and Techniques.
Second Edition.
Gerald Pollio. (1999). International Project Analysis and Financing. Macmillan Press Ltd.
Harold Kerzner. (2000). Applied Project Management: Best Practices on Implementation.
John Wiley & Sons, Inc., New York.
Harold Kerzner. (1998). Project Management: A System Approach to Planning,
Scheduling, and Controlling. John Wiley & Sons, Inc. New York. Sixth Edition.
H. R Machiraju. (1997). Project Finance. Vikas Publishing House Pvt. Ltd.
J. Loftus. (1999). Project Management of Multiple Projects & Contracts. Thomas Telford
Publishing Company.
J Rodney Turner. (1999). The Hand Book of Projects Based Management. McGraw Hills
Companies. Second Edition.
Jack R. Meredith & Samuel J. Mantel. (2003). Project Management: A Managerial
Approach. John Wiley & Sons, Inc., New York. Fifth Edition.
Jack R. Meredith & Samuel J. Mantel. (2000). Project Management: A Managerial
Approach. John Wiley & Sons, Inc., New York. Fourth Edition.
Lester A. (2002). Project Planning and Control. Reed Educational and Professional
Publishing Ltd. Third Edition.
Rory Burke. (1999). Project Management: Planning and Control Techniques. John Wiley
& Sons, Inc. New York. Third Edition.
Major References
Behrens, W., and Hawranek, P. M. (1991). Manual for the Preparation of Industrial
Feasibility Studies. UNIDO.
John M. Nicholas. (2004). Project Management for Business and Engineering: Principles
and Practice. Pearson Education, Inc. Second Edition.
Turner J. Rodney (2009). The Handbook of Project-Based Management: Leading
Strategic Change in Organizations, Third Edition, New York, McGraw-Hill
Companies, Inc
JIMMA UNIVERSITY
COLLEGE OF BUSINESS AND ECONOMICS
MBA PROGRAM
Course Title: Project Analysis and Management (MBA 711)
Project Feasibility Outline
I. Executive Summary
II. Project Background and Basic Idea
III. Market Analysis and Marketing Concepts
IV. Technical Analysis
Raw Materials, Inputs and Utilities
Production Program and plant Capacity
Selection of Appropriate Technology
V. Location, Site and Environment Analysis
Location Analysis
Site Analysis
Environmental Impact Analysis
VI. Project Operation and Engineering
Mode of Operation
Building/Infrastructure Characteristics
Investment Requirements
VII. Organization and Manpower
Legal Form of Organization
Organizational Structure
Manpower Requirement
VIII. Project Implementation
Implementation Schedule
Implementation and Monitoring Costs
Make or Buy
IX. Financial Plan and Analysis
Assumptions
Fixed and Working Capital Investments
Financing
Project Revenue
Operating Costs
Profitability of the Project
Cash flow Forecast
Project Evaluation (NPV< IRR< ARR< Payback Period, etc)
Sensitivity and Risk Analysis
X. Conclusion
XI. Annexes
