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BIRLA INSTITUTE OF TECHNOLOGY SCIENCE, PILANI WORK INTEGRATED LEARNING PROGRAMMES Digital Part A: Content Design Academic Term FIRST SEMESTER Course Title PROJECT MANAGEMENT Course No DE ZG523 ES ZG523 MBA ZG523 MM ZG523 POM ZG523 QM ZG523 Lead Instructor Prof Arun Maity Course Objectives (CO) To in...

Description

BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI WORK INTEGRATED LEARNING PROGRAMMES Digital Part A: Content Design Academic Term

FIRST SEMESTER 2020-2021

Course Title

PROJECT MANAGEMENT

Course No

DE ZG523 / ES ZG523 / MBA ZG523 / MM ZG523 / POM ZG523 / QM ZG523

Lead Instructor

Prof Arun Maity

Course Objectives (CO) CO-1

To introduce basic and modern concepts in managing projects

CO-2

To introduce methods of doing market, technical and financial analyses for the selection and prioritization of projects

CO-3

To Introduce techniques of project planning, scheduling and managing risks, and allocation of responsibilities

Textbook (T) T-1

Clifford F Grey. Erik W Larson, Gautam V Desai. Project Management. Sixth edition. McGraw Hill Education (India) Private Limited. New Delhi. 2015.

T-2

Prasanna Chandra. Projects: Planning, Analysis, Selection, Financing, Implementation & Review. Eighth edition. McGraw Hill Education (India) Private Limited. New Delhi. 2014.

Reference Books R-1

Kerzner Harold. Project Management. Tenth edition. Wiley. 2013.

Content Structure 1.

Modern Project Management 1.1. What is a Project? 1.2. The Project Life Cycle 1.3. The Project Manager

2.

Organization Strategy and Project Selection 2.1. Strategic Management Process 2.2. A Portfolio Management System 2.3. Selection Criteria 2.4. Applying a Selection Model 2.5. Managing the Portfolio System

3.

Market and Demand Analysis 3.1. Collection of Secondary Information, Conduct of Market Survey Demand Forecasting 3.2. 3.3. Marketing Plan

4.

Technical Analysis 4.1. Manufacturing Process / Technology, Technical Arrangements 4.2. Material Inputs and Utilities 4.3. Product Mix 4.4. Plant Capacity, Location and Site, Machineries and Equipment 4.5. Structures and Civil Works 4.6. Environmental Aspects 4.7. Project Charts and layouts

5.

Financial Estimates and Projections 5.1. Cost of Project, Means of Finance 5.2. Estimates of Sales and Production 5.3. Cost of Production 5.4. Working Capital Requirement and Financing 5.5. Profitability Projections 5.6. Projected Cash Flow Statement 5.7. Multi-year projections, Financial Modeling Using Spreadsheet

6.

Time Value of Money 6.1. Future Value of a Single Amount 6.2. Present Value of a Single Amount

7.

Investment Criteria 7.1. Net Present Value 7.2. Benefit-Cost ratio 7.3. Internal Rate of Return 7.4. Payback Period

8.

Project Cash Flows 8.1. Elements of Cash Flow Stream, Basic Principles of Cash Flow Estimation 8.2. Cash Flow Illustrations

9.

The Cost of Capital 9.1. Cost of Debt and Preference 9.2. Cost of Equity 9.3. Weighted Average Cost of Capital

10.

Organization: Structure and Culture 10.1. Project Management Structures 10.2. Organization Culture

11.

Defining the Project 11.1. Project Scope, Priorities, Work Breakdown Structure, Integrating WBS, Coding WBS 11.2. Process Breakdown Structure 11.3. Responsibility Matrices, Project Communication Plan

12.

Developing a Project Plan 12.1. Constructing a Project Network, AON (and AOA) Diagram, Network Computation Process 12.2. PERT Calculations, Project Activity Times, Probability of Completion

13.

Scheduling Resources and Costs 13.1. Types of Resource Constraints 13.2. Resource Loading 13.3. Resource Leveling

13.4.

Resource Allocation Methods

14.

Reducing Project Duration 14.1. Reducing Project Duration 14.2. Options for Accelerating Project Completion 14.3. Project Cost – Duration Graphs & Optimization 14.4. Direct and Indirect Costs 14.5. Crash Times 14.6. Decisions on Time and Cost Reductions 14.7. Time Reduction 14.8. Cost Reduction

15.

Estimating Project Times and Costs 15.1. Factors influencing Quality of Estimates 15.2. Estimating Guidelines for Times, Costs and Resources 15.3. Top-Down versus Bottom-Up Estimating 15.4. Methods for Estimating Project Times and Costs 15.5. Types of Costs, Refining Estimates

16.

Progress and Performance Measurement and Evaluation 16.1. Structure of Project Monitoring and Information Systems 16.2. Project Control Process 16.3. Monitoring Time Performance 16.4. Development of Earned Value Cost/Schedule System 16.5. Developing Status Reports 16.6. Earned Value Analysis 16.7. Indices to Monitor Progress 16.8. Forecasting Final Project Cost

17.

Project Risk Management 17.1. Risk Management Process 17.2. Contingency Planning 17.3. Handling Risks 17.4. Contingency Funds and Time Buffers 17.5. Change Control Management

18.

Project Closure 18.1. Types of Project Closure 18.2. Wrap-up Closure Procedure 18.3. Post Implementation Evaluation

19.

International Projects 19.1. Environment Factors 19.2. Project Site Selection 19.3. Cross-Cultural Considerations 19.4. Selection and Training for International Projects

20.

An Introduction to Agile Project Management 20.1. Traditional vs Agile Methods 20.2. Agile PM 20.3. Agile PM in action: Scrum

Learning Outcomes: LO-1

The student will be able to apply modern management concepts and principles of project management in project as well as and non-project driven organizations

L0-2

The students will be able perform technical and market analysis for new projects

L0-3

The student will be able to prepare projected cash flow statement and balance sheet of projects

L0-4

The student will be able to plan and schedule activities of projects, assign responsibilities and communication plans

LO-5

The student will be able to Identify Project Risks and prepare contingency plans

Part B: Learning Plan Academic Term

FIRST SEMESTER 2020-2021

Course Title

PROJECT MANAGEMENT

Course No

DE ZG523 / ES ZG523 / MBA ZG523 / MM ZG523 / POM ZG523 / QM ZG523

Lead Instructor

ARUN MAITY

Session-1 Type

Content Reference

Topic Title

Study/HW Resource Reference

Modern Project Management

T1: Chapter-1 T1: Chapter-1 Review questions and Exercises

Pre CH 1.1 to 1.3 During CH 1.1 to 1.3 Post CH

Modern Project Management

Session-2 Pre CH

2.1 to 2.5

During CH

2.1 to 2.5

Post CH

2.1 to 2.5

Organization Strategy and Project Selection Organization Strategy and Project Selection Organization Strategy and Project Selection

3.1 to 3.3

Market and Demand Analysis

Read T1: Chapter-2 T1: Chapter-2 T1: Chapter-2 Questions and Exercises

Session-3 Pre CH

Read T2: Chapter-4

During CH

3.1 to 3.3

Market and Demand Analysis

T2: Chapter-4

Post CH

3.1 to 3.3

Market and Demand Analysis

T2: Chapter-4 Questions and Problems

4.1 to 4.7 5.1 to 5.7 4.1 to 4.7 5.1 To 5.7 4.1 to 4.7 5.1 to 5.7

Technical Analysis Financial Estimates and Projections Technical Analysis Financial Estimates and Projections Technical Analysis Financial Estimates and Projections

6.1 to 6.2 7.1 to 7.4 6.1 to 6.2 7.1 to 7.4 6.1 to 6.2 7.1 to 7.4

Time Value of Money, Investment Criteria Time Value of Money, Investment Criteria Time Value of Money, Investment Criteria

8.1 to 8.3 9.1 to 9.3 8.1 to 8.3 9.1 to 9.3 8.1 to 8.3 9.1 to 9.3

Project Cash Flows The Cost of Capital Project Cash Flows The Cost of Capital Project Cash Flows The Cost of Capital

Session-4 Pre CH During CH Post CH

Read T2: Chapter-5 & 6 T2: Chapter-5 & 6 T2: Chapter-5 & 6 Questions and Problems

Session-5 Pre CH During CH Post CH

Read T2: Chapter-7 & 8 T2: Chapter-7 T2: Chapter 7 & 8 Questions and Problems

Session-6 Pre CH During CH Post CH

Read T2: Chapter-9 & 10 T2: Chapter-9 T2: Chapter 9 & 10 Questions and Problems

Session-7 Pre CH

10.1 to 10.2

Organization: Structure and Culture

Read T1: Chapter-3

During CH

10.1 to 10.2

Organization: Structure and Culture

Post CH

10.1 to 10.2

Organization: Structure and Culture

T1: Chapter-3 T1: Chapter-3 Review questions and Exercises

Pre CH

11.1 to 11.3

Defining the Project

Read T1: Chapter-4

During CH

11.1 to 11.3

Defining the Project

Post CH

11.1 to 11.3

Defining the Project

T1: Chapter-4 T1: Chapter-4 Review questions and Exercises

Pre CH

12.1

Developing a Project Plan

Read T1: Chapter-6

During CH

12.1

Developing a Project Plan

Post CH

12.1

Developing a Project Plan

T1: Chapter-6 T1: Chapter-6 Review questions and Exercises

12.2 13.1 to 13.4 12.2 13.1 to 13.4 12.2 13.1 to 13.4

PERT Calculations Scheduling Resources and Costs PERT Calculations Scheduling Resources and Costs PERT Calculations Scheduling Resources and Costs

14.1 to 14.8 15.1 to 15.5 14.1 to 14.8 15.1 to 15.5 14.1 to 14.8 15.1 to 15.5

Reducing Project Duration Estimating Project Times and Costs Reducing Project Duration Estimating Project Times and Costs Reducing Project Duration Estimating Project Times and Costs

Session-8

Session-9

Session-10 Pre CH During CH Post CH

Read T1: Appendix-7.1 and Chapter-8 T1: Appendix-7.1 and Chapter-8 T1: Appendix-7.1 and Chapter-8 Review questions and Exercises

Session-11 Pre CH During CH Post CH

Read Chapter-9 and 5 Chapter-9 and 5 Chapter-9 and 5 Review questions and Exercises

Session-12 Pre CH

16.1 to 16.8

During CH

16.1 to 16.8

Post CH

16.1 to 16.8

Progress and Performance Measurement and Evaluation Progress and Performance Measurement and Evaluation Progress and Performance Measurement and Evaluation

Pre CH

17.1 to 17.5

Managing Risk

Read T1: Chapter-7

During CH

17.1 to 17.5

Managing Risk

T1: Chapter-7

Read T1: Chapter-13 T1: Chapter-13 T1: Chapter13 Review questions and Exercises

Session-13

Post CH

17.1 to 17.5

Managing Risk

18.1 to 18.3 18.1 to 18.3

Project Closure Project Closure

18.1 to 18.3

Project Closure

19.1 to 19,4 19.1 to 19,4

International Projects International Projects

19.1 to 19.4

International Projects

T1: Chapter-7 Review questions and Exercises

Session-14 Pre CH During CH Post CH

Read T1: Chapter-12 T1: Chapter-12 T1: Chapter-12 Review questions and Exercises

Session-15 Pre CH During CH Post CH

Read T1: Chapter-14 T1: Chapter-14 T1: Chapter-14 Review questions and Exercises

Session-16 Pre CH

20.1 to 20.3 20.1 to 20.3

During CH 20.2 to 20.3 Post CH

An Introduction to Agile Project Management An Introduction to Agile Project Management An Introduction to Agile Project Management

Read T1: Chapter-17 T1: Chapter-17 T1: Chapter-17

Evaluation Scheme: Legend: EC = Evaluation Component; AN = Afternoon Session; FN = Forenoon Session No Name Type Duration Weight Day, Date, Session, Time EC-1 Quiz-I Online 5% September 10-20, 2020 Quiz-II Online 5% October 20-30, 2020 Experiential Upload on 15% November 10, 2020 Learning Assignment Taxila EC-2 Mid-Semester Test Closed 2 hours 30% Sunday, 11/10/2020 (AN) Book 2 PM – 4 PM EC-3 Comprehensive Open 3 hours 45% Sunday, 29/11/2020 (AN) Exam Book 2 PM – 5 PM Experiential Learning: This will include an assignment on MS Project Software where the students will need to create a project and manage it over a period of specified time. Important links and information: Elearn portal: https://elearn.bits-pilani.ac.in Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest announcements and deadlines. Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn portal. Evaluation Guidelines: 1. EC-1 consists of one Assignment and three Quizzes. Students will attempt them through the course pages on the Elearn portal. Announcements will be made on the portal, in a timely manner. 2. For Closed Book tests: No books or reference material of any kind will be permitted. 3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is permitted. However, loose sheets of paper will not be allowed. Use of calculators is permitted in all exams. Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed. 4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student should

follow the procedure to apply for the Make-Up Test/Exam which will be made available on the Elearn portal. The Make-Up Test/Exam will be conducted only at selected exam centres on the dates to be announced later. 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 lectures, and take all the prescribed evaluation components such as Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the evaluation scheme provided in the handout.

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