LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENT, DELHIThree Year Part Time Post Graduate Diploma in Management

Semmester-V

Course Code: 335405 Course Title: Project Management

Academic Session: 2011-12 Instructor: Pragya Arya

COURSE OBJECTIVE:

The use of projects and project management is becoming more and more important for all kinds of organizations. Businesses regularly use project management to accomplish unique outcomes under the constraints of resources, and project management turn to be one of essential ways of achieving an organization’s strategy. This course addresses the basic nature of managing general projects, not specially focuses on one type of project, no matter construction projects or R&D projects. The course uses the project life cycle as the organizational guideline, and contents will cover the whole process of project management, including project initiation, project planning, project implementation and project termination.

COURSE CONTENTS:

Module No. Session No./s

Topic & Reading/s

I – Project Initiation & Definition

1-2 Overview

• Definition of project and project management

• The project management Life cycle

• Project Management Today-An Integrative Approach/Systems Approach

Criteria for project selection

• Types of project selection models

-Cost Benefit Analysis (PBP, NPV, IRR)

-Multi-Weighted scoring models

• Project Portfolio Management

• In class exercises

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. Introduction, 1, 2, 17Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 1, 2, 3

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3 Project Organization & Leadership

• The project as part of the functional organization

• Pure project organization

• The matrix organization

• Mechanisms for Sustaining Organizational Culture

• In-class discussion: the project-based organization

In-class discussion: how to be a good project manager

• Managing versus leading a project

• Qualities of an effective project manager

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 13, 14Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 2, 4

4 Defining the Project

• Project Scope Definition

• Project priorities

• Work Breakdown structure (WBS)

• Integrating WBS with organization (OBS)

• Linear responsibility charts

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 4, 5Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 5

II – Project Planning

5 Project Estimating

• Factors influencing the quality of estimates

• Project time estimation

• Project cost estimation

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 6, 8Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 8, 9

6-9 Project Planning & Scheduling

2

• Constructing Project Network

•CPM, PERT and Gantt chart

• Time/cost trade-off

• Critical Chain Project Management

• Project Planning & Scheduling using Microsoft Project

•In-class exercises

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 7Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 9, 10, 11

10 Project resource allocation

• Project resource loading & leveling

• Resource constrained scheduling

• In class exercises

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 7Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 12

III – Project Implementa

tion & Control

11 Project Performance measurement and Evaluation

• Project monitoring Information system

• Project control process

• Need for an Integrated Information system

• Earned Value Management system

Project Quality Control

•In-class exercises on Earn Value Management

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 9, 11, 12Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 13

IV – Project Termination

12 Project Termination and Post-evaluation

• Project audit and post-evaluation

3

• The varieties of project termination

• Project History

ReadingsNicholas, Steyn. (2011), Project Management for Business Engineering & Technology, Ch. 12Pinto. (2011), Project Management – Achieving Competitive Advantage, Ch. 13, 14

The remaining three sessions will be utilized in scheduling internal evaluation components like tests,presentations, etc.

PEDAGOGY:

The teaching methodology used in this course will be a judicious mix of lectures, case analysis & discussions, Practical exercises on Microsoft project as well as presentations by the students. However, more emphasis will be laid on case analysis, assignments and project study. Microsoft Project is taught as an introduction to the students so that they get accustomed to the look and feel of it. It is not aimed understanding & exploiting the full features it. Cases & assignments are expected to be prepared within groups prior to the class.

EVALUATION PARAMETERS: [SUBJECT TO DISCUSSION IN FACULTY COUNCIL]

END TERM EXAMINATION - 60%Internal Assessment - 40%

Live MS Project 10 Book Review (Critical Chain) 10 Article reviews/Case Study Analysis 10 Test 10

TEXT & READINGS:

Nicholas & Steyn. (2011). Project Management for Business, Engineering & Technology, 3rd

Edition, Elsevier

Pinto. (2011). Project Management, Pearson

Goldratt E.M., Critical Chain

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