Methodical Notes for part-time BMCF TM study course M_SM / PROJECT MANAGEMENT

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1 1 st session: INTRODUCTION TO PROJECT MANAGEMENT Objective of the thematic unit: To understand what is meant by Projects and to define Project Management. Students benefit by understanding the need to do feasibility studies and the key objectives in managing projects. This unit is divided into the following topics: 1. What is a Project? What is Project Management? 2. Project Lifecycle, Project Stakeholders, Project Plan Ad 1 st topic: What is a Project? What is Project Management? 1. What is a Project? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project management: A managerial approach (6 th ed.). New York: John Wiley & Sons) 2. What is Project Management? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 1. Defining a Project; 2. The direct objectives of a Project; 3. The indirect objectives of a Project; 4. Definition of Project Management. 1. Difference between Project, Operations and Production. 2. Feasibility study 3. Project Management Methodology 1. What is Project Management about? 2. When would you do a Feasibility Study? 3. How should you manage a project? 1

2 2

3 Ad 2 nd topic: Project Lifecycle, Project Stakeholders, Project Plan 1. What are Phases of a Project? What is Project Lifecycle? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 2. Who are Project Stakeholders? What is their function? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project management: A managerial approach (6 th ed.). New York: John Wiley & Sons) 3. What is a Project Plan used for? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 1. Relationship between Phases of a Project and Project Lifecycle; 2. What is the role of Project Stakeholders?; 3. Work Breakdown Structure. 1. Project Lifecycle; 2. Project Stakeholders; 3. Work Breakdown Structure (WBS). 1. What is a work package? 2. What is a code of accounts? 3. What is a task and activity in a WBS?. 3

4 2 nd session: TIME AND COST ESTIMATION IN PROJECT MANAGEMENT Objective of the thematic unit: To understand how to estimate time and cost in Project Management. Students benefit by understanding the importance of managing time and costs in projects. This unit is divided into the following topics: 1. How do you estimate time in project management? 2. How do you estimate cost in project management? Ad 1 st topic: How do you estimate time in project management? 1. What is Time estimation in projects? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 2. What is a Critical Path? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project management: A managerial approach (6 th ed.). New York: John Wiley & Sons) 1. Historical information in a project; 2. Duration estimating; 3. Project Network Diagram; 4. Critical Path. 1. Critical path. 2. Length of a project 3. Predecessors 1. What is the methodology for estimating time on Projects? 2. How do you use Project Network Diagram? 3. How can you calculate the critical path? 4

5 Ad 2 nd topic: Project Lifecycle, Project Stakeholders, Project Plan 1. What is cost estimation in projects? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 2. What are project resources? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 1. Historical information in a project; 2. Duration estimating; 3. Resource Rates; 4. Loading resources. 1. Project Cost. 2. Indirect costs 3. Project Resources 1. What is the methodology for estimating cost on Projects? 2. How do you use Resource Rates? 3. How do you reduce cost on projects? 5

6 3 rd session: MONITORING AND CONTROLLING PROJECTS Objective of the thematic unit: To understand how to monitor and control projects in Project Management. Students benefit by understanding how to control projects and appropriate use of change management in projects. Monitoring and Controlling Projects 1. What is meant by monitoring projects? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 2. What is meant by controlling projects? (Meredith, J. R. & Mantel, S. J., Jr. (2006). Project 1. The Planning-Controlling-Monitoring cycle 2. Change Control; 3. Go/No Go control; 1. Change Control. 2. Negative feedback control 3. Project Measurements 1. Why does a Project Manager need to monitor projects? 2. What methodology does a Project Manager use to control projects? 3. Why is change control needed in Project Management? 6

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