Iqra University Islamabad Campus Department of Computing and Technology Fall 2013 Semester Course Title Course Code

Offered to CrHr Pre-requisite : : : : : Engineering Economics and Management HUM321 6th Semester 03 Nil (Report writing course optional)

Instructor: Fahad Bin Muslim Contact: 051 111 264 264 (Ext. 224) Web site for notes: www.iqraisb.edu.pk Introduction:

Email: fahad@iqraisb.edu.pk

In today's dynamic economic environment, effective managerial decision making requires timely and efficient use of information. The aim of this course is to provide students with a basic understanding of the economic decisions and analytical tools that can be used in decision making problems. The course is designed so that understanding rather than knowing is prioritized. This means that the course will focus on perspectives and alternatives rather than on clear cut answers and hands-on knowledge. Thus, various concepts related to operation management and project management s be introduced which s help students organizing different tasks with managerial perspective. Course Contents and Themes (subjects): The course is about preparing feasibility and managing projects or operations. The first half of the course contains know how to basic economic terminologies and tools to evaluate various managerial decisions. In the latter half, the course contains general knowledge on operation and project management and reflects such knowledge in contingences occurring when dealing with projects and operations in technology-based firms. Thus, less emphasis will be put on specific project management tools. Roughly, the following themes could be identified in the courses subject area: - Managerial Economics in decision making. It covers fundamental concepts and definitions in economics. Moreover it also covers areas like supply demand and market mechanism, capital budgeting, pricing and market structure. - Project Management. What is meant by managing a project? What role does the project manager have? How to create a team? Project scheduling and termination. - Operation Management. Process Design, layout, knowledge management, outsourcing and lean production.

Course Design & Components: The course has four main components: lectures, seminars, three exams and a research project performed in groups. The course is designed to allow understanding and reflection rather than knowing. For this purpose, the course is intense with respect to own work and own thinking. The underlying ambition is to learn about perspectives on project work (the lectures) and also to learn from own active participation and reflections (the literature seminars). In the project work in groups, theoretical and practical knowledge is integrated. Compared to pure technological subjects the course literature is quite extensive, and some parts of the literature are real world examples meant to give an illustration to facilitate better understanding, but do not need to be studied in detail. Learning Outcomes, Assessments and Examination: Students who successfully complete the course will hopefully have: A good understanding of economic concepts and tools that have direct managerial applications. Understand the strategic impact and importance of industrial and operations Management. Describe basic project management concepts and tools. Structure and organize projects of a not too complicated nature. Examination is by participating in the compulsory activities (the Seminars and the Research Project presentation) and passing the three Exams, and the Research Project Work. The research project work will be graded based on the report, but the presentations can partly influence the assessment. The total amount of 100 points that can be gained from the course is divided accordingly; 10 and 15 points for the 1st and 2nd Midterm examinations respectively, 25 points for the project work, and 50 points for the final exam. Thus, to pass the course, participation in compulsory activities and a minimum 60 points are required in total. Note: At least 50% marks are required in the project work to pass the course. Failing the project would result in failure of the course irrespective of the result of other modules. Text Book and Course material: We have chosen a broad selection of literature to reflect the three themes of the course. This material should be viewed as support for a better understanding of the lectures and should be used as reference material in the project work presentations as well as a basis for the literature seminars and the exam. All presentation material, used during lectures, will (when possible) be made available to the students.

Text book
R. Panneerselvam, Engineering Economics, Prentice Hall Of India, 2009. Jeffery K. Pinto, Project Management, 2nd Edition (2009).
Plan/Calendar for quizzes, assignments, and case study during the course Quiz/Assignment Description Week # Feedback date No quizzes No assignments Seminar 1 5 Seminar 2 11 Seminar 3 14 Seminar 4 (Optional) 16

S# 1 2 3 4 5 6

Course Work: Week # Week 1 Lecture 1 Week 1 Lecture 2 Week 2 Lecture 1 Week 2 Lecture 2 Week 3 Lecture 1 Week 3 Lecture 2 Week 4 Lecture 1 Week 4 Lecture 2 Week 5 Lecture 1 Week 5 Lecture 2 Week 6 Lecture 1 Week 6 Lecture 2 Week 7 Lecture 1 Week 7 Lecture 2 Week 8 Lecture 1 Week 8 Lecture 2 Week 9 Lecture 1 Week 9 Lecture 2 Week 10 Lecture 1 Week 10 Lecture 2 Week 11 Lecture 1 Week 11 Lecture 2 Week 12 Lecture 1 Week 12 Lecture 2 Week 13 Lecture 1 Week 13 Lecture 2 Week 14 Lecture 1 Week 14 Lecture 2 Week 15 Lecture 1

Topics

Course introduction Research Project description Managerial Economics Fundamentals Capital budgeting I Capital budgeting II Law of supply and demand Elasticity of demand Market structures Project progress report presentations (Compulsory attendance) Project progress report presentations, Seminar 1 (Compulsory attendance) 1st Midterm Examination Week 1st Midterm Examination Week Project Management Project Management Work Breakdown Milestone analysis Role of Project Manager Team Formation Project Scheduling Project progress report presentations (Compulsory attendence) Project Termination Seminar 2 (Compulsory attendance) 2nd Midterm Examination Week 2nd Midterm Examination Week Operation Management Process Design Layout Knowledge Management, Seminar 3 (Compulsory attendance) Outsourcing

Week 15 Lecture 2 Week 16 Lecture 1 Week 16 Lecture 2 Week 17 Lecture 1 Week 17 Lecture 2 Week 18 Lecture 1 Week 18 Lecture 2

Outsourcing Lean Production Lean Production, Seminar 4 (Optional) (Compulsory attendance) Project presentation (Compulsory attendance) Project presentation (compulsory attendance) Final Examination Final Examination