Module 3. Subsystems in Project Management

PROJECT MANAGEMENT

Instructors

Course description

The course acquaints students with the fundamentals of project management. The course focuses on the triple constraints of project management – scope, time, and cost.

The course lectures equip students with the knowledge of the key concepts and tools of project analysis, evaluation and planning.

The seminars and workshops create a productive environment for students to apply modern tools and techniques of the project plan development and resource control and monitoring.

Course Aims

The main course aims are:

· to promote an understanding of the key principles, concepts and strategies of project management

· to examine the broad project environment based on project analysis models

· to apply project management tools and techniques to a real project to provide the project aim achievement in terms of scope, cost, time and quality.

· to enable students to exercise initiative and personal autonomy in determining the goals and methodological approaches relevant to the project context, managing the execution, and control of the project against those goals.

Course learning outcomes

By the end of the course, students will be able:

· to describe the main principles and methods of project scope, time and finance management

· to classify models, tools and techniques of project management;

· to arrange the steps of the project planning;

· to select and apply appropriate methodologies, techniques and procedures of project management;

· to allocate, coordinate and monitor project resources at all stages of the project life cycle;

· to identify stakeholders;

· to analyse project feasibility and economic efficiency;

· to evaluate project investments from all stakeholders’ points of view;

· to test project risks;

· to produce detailed project plans and schedules;

· to assess and evaluate potential impacts of projects.

Course outline

Module 1. Fundamentals of Project Management

1. Project, Program, Portfolio: concepts and definitions.

2. Project life cycle.

3. Project management processes and knowledge areas.

4. Project management methodology.

Module 2. Project Analyses

5.Types of project analysis:

· Commercial analysis

· Technical analysis

· Economic analysis

· Financial analysis

· Organizational analysis

· Environmental analysis

· Social analysis.

6.Project financial evaluation models: NPV, IRR, MIRR, PBP, ARR.

7. Quantitative risk assessment of the project: the sensitivity method,

Breakeven point, scenarios, Monte Carlo, the decision tree.

Module 3. Subsystems in Project Management

9. Project scope management

10. Project time management

11. Project cost management

12. Project control and monitoring.

Course components:

- 12 hrs interactive lectures;

- 28 hrs seminars and workshops;

- 68 hrs self-study time, including home assignments.

Date: 2015-12-17; view: 1483