Birla Institute of Technology & Science, Pilani Work-Integrated Learning Programmes Division First Semester 2012-2013 Course Handout

Course No. Course Title Instructor : CM ZG523/MM ZG523/HHSM ZG519/QMJ ZG523 : Project Management : RAJESH MATAI

Course Description : Concepts and techniques of project formulation, evaluation and implementation; Project planning and scheduling; Risk management; Time-cost trade off; Resource levelling and allocation; Project monitoring and control; Contract Management. Scope and Objectives Essentials of Project Management are an introductory course on issues related to the project management of enterprises with emphasis on planning, scheduling and controlling. Students will be exposed to fundamental theories in business practice, and limitations and difficulties of project management theories in solving real problems. The basic objective of this course is to help students develop the skill found in competent project manager. Prescribed Text Books

T1. T2.

Chandra Prasanna, Projects: Planning, Analysis, Selection, Fin. Implementation & Review, Tata McGraw Hill, 7th Ed., 2009. Nicholas John M., Project Management for Business and Technology, Prentice Hall of India, 2nd Ed., 2001.

Reference Books

R1. R2. R3.

Kerzner, Harold, Project Management: A Systems Approach to Planning and Controlling, CBS Publishers, 2nd Ed., 2000. Pinto K. J. Project Management Pearson Education Second Edition 2009 Larson W. E. & Gray F.C., Project Management The Managerial Process TMH Fourth Edition

CM ZG523/MM ZG523/HHSM ZG519/QMJ ZG523

(Course Handout) First Semester 2012-2013

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Plan of Self Study

Week No. 1 2-3 4 5 6-7 8 9 10 Learning Objectives To get a feel of project management environment Understanding different forms of project management Understanding organization structures for projects Apprising new projects Understanding project selection techniques Financing of new projects Topics to be covered What is project, Importance of project management PM in industrial setting and service setting, Strategy in project management, system approach to PM Project management structures, comparing different structures and selecting right one. Marketing analysis, technical analysis and financial analysis Project cash flow estimation, Quantitative techniques i.e. Pay back, NPV, IRR Different financing sources and studying their pros and cons TB Chapter No. T2 chapter no.1 T2 chapter no 2 & 3 T2 chapter no 14 T1 Chapter no. 4 , 5 & 6 T1 Chapter no. 8 T1 chapter no. 18

11 12

13 14 15 16 17 18

Review Session Syllabus for Mid-Semester Test (Closed Book): Topics in Week No. 1 to 9 Defining project scope What is project scope, Understanding T2 chapter no 6 work break down structures, Responsibility matrix, preparing communication plan Estimating project times and Identifying factors responsible for time T2 chapter no 9 costs estimates, Different methods for time and cost estimation Developing a project plan Developing project networks from T2 chapter no 7 work packages, AOA and AON Networks, Network computation process, practical consideration Managing risks Understand risk management process, T2 chapter no 10 contingency planning, change control management Scheduling resources and Resource scheduling problems, T2 chapter no 8 costs classification of scheduling problems, multiproject project recourse schedules Managing Outsourcing in Best practices in outsourcing project T2 chapter no 16 new projects work, The art of negotiating Project performance The project control process, Earned T2 chapter no 11 management and evaluation value concept, developing a status report Project Audit and closure Project audits, Project closure T2 chapter no 13 Review Session Syllabus for Comprehensive Exam (Open Book): All topics given in Plan of Self Study

CM ZG523/MM ZG523/HHSM ZG519/QMJ ZG523

(Course Handout) First Semester 2012-2013

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Evaluation Scheme: EC No. EC-1 Evaluation Component & Type of Examination Assignment/Quiz Duration ** Details to be announced on LMS Taxila website by Instructor 2 Hours 3 Hours Weightage 15% Day, Date, Session,Time ** Details to be announced on LMS Taxila website by Instructor by 24th July, 2012 Saturday, 08/09/2012 (AN)* 2 PM 4 PM Saturday, 03/11/2012 (AN)* 2 PM 5 PM

EC-2 EC-3

Mid-Semester Test (Closed Book)* Comprehensive Exam (Open Book)*

35% 50%

** Please check the details by 24th July, 2012 on LMS Taxila web site. * Legend: AN: AfterNoon Session; FN: ForeNoon Session Closed Book Test: No reference material of any kind will be permitted inside the exam hall. Open Book Exam: Use of any printed / written reference material (books and notebooks) will be permitted inside the exam hall. Loose sheets of paper will not be permitted. Computers of any kind will not be allowed inside the exam hall. Use of calculators will be allowed in all exams. No exchange of any material will be allowed. Note: It shall be the responsibility of the individual student to be regular in maintaining the self study schedule as given in the course handout, attend the online/on demand lectures as per details that would be put up in the BITS LMS Taxila website www.taxila.bits-pilani.ac.in and take all the prescribed components of the evaluation such as Assignment (Course Page on LMS Taxila), Mid Semester Test and Comprehensive Examination according to the Evaluation Scheme given in the respective Course Handout. If the student is unable to appear for the Regular Test/Examination due to genuine exigencies, the student must refer to the procedure for applying for Make-up Test/Examination, which will be available through the Important Information link on the BITS WILP website on the date of the Regular Test/Examination. The Make-up Tests/Exams will be conducted only at selected exam centres on the dates to be announced later. Instructor-in-Charges