Sub: Project management

4th semester (MMS)

Prof.Sandeep Kudtarkar

Significance of the subject Project management has cemented its position as a key management paradigm, enabling organisations to efficiently and effectively reach their goals in a constantly changing business environment complicated by risks, uncertainties and competitor pressures. The global economy implies yet another level of complexity inherent to the management of large-scale, geographically-distributed project teams. Objectives of the subject 1. To study project management in theory and practice and the roles and responsibilities of the project manager. 2. To study a practical approach to managing projects, focusing on organizing, planning, and controlling the efforts of the project. 3. To emphasize on imparting the knowledge, skills, tools and techniques involved in carrying out project activities so as to ensure that projects are delivered within budget and schedule. Reference Text 1. PMP - Project Management Professional - Study Guide - By Kimi Heldman 2. Project Management - By Gray Larson 3.Contemporary Project Management - By Timothy Kloppenberg 4. Project Management - By Prasanna Chandra 5. Project Appraisal - By P. K. Mattoo 6. Project Management - By Vasant Desai

7.Journal - Project manager Today All books are available in our library.

Marks Allocation Total marks = 100 End semester written exam = 60 marks Internal Assessment = 40 marks which consists of ; 1.For Assignment and presentation = 20 marks 2. For Mid-term Exam = 10 marks 3. For attendance and Meaningful Class Participation = 10 marks

Meaningful Class Participation Meaningful contribution-opinions backed by justifications, rationale and logic based upon concepts learned in class. The most meaningful contributions are those that challenge class thinking and provoke the class to new levels of analysis and understanding. Lectures Schedule Total 13 lectures of three hours each .Total 39 hours.

Detailed Session Plan

Sessio n No.
1

Topic Covered

Pedagogy Details
To explain following Project Management concepts:

Time

Introduction: Concept of Project Management. Scope & Coverage

Lecture

1. What is a project? definitions 2.The scope triangle: project schedule, budget, resources and quality 3.Criterion for assessing success of projects 4.Work Breakdown Structure. 5.Preventing scope creep 6.Career in Project Management 1.The role of the project manager 2.Recruiting the project team: the core and contracted team 3.Types of organisationfunctional,pure project and matrix type 4.Managing multiple team projects 5.Establishment of the project office structure 6.Assembling project team 7.Planning resources for your project team 8.Managing conflict within project team 9.Communicating effectively 10.Providing leadership and fostering teamwork 1.Introduction to project planning 2.Building the work breakdown schedule 3.Criteria for completeness of the work breakdown schedule 4.Estimation of task and project duration 5.Estimation of resources required for project completion 6.Estimation of task and project costs

Three Hours

Project Function in an Organization Layout of Project Department. Role of Project Manager in Project Management.

Lecture

Three Hours

Project Identification : Selection of product identification of market

Lecture

Three Hours

Preparation of feasibility study/report Project formulation - Evaluation of risks preparation of Project report.

Lecture

Technical analysis of project, Selection of location & site of the project

Lecture

Policies of Central State Government towards location Legal aspects of project management.

Lecture

Financing of the Project :- Source of Finance Cost implications -Detailed financial analysis of project

Lecture

Guidelines for funding projects, Risk Analysis Sensitivity Analysis.

Lecture

1. Project Appraisal 2.Technical Feasibility 3. Economic Feasibility, 4. Financial Evaluation, 5. Appraisal Under Risk and Uncertainty, 6.Sensitivity Analysis, 7.Social Cost Benefit Analysis 8.Scenario Analysis 1. Factors affecting location 2.Material inputs and utilities 3.Manufacturing process & technology 4.Product Mix and manufacturing capacity 5.Machinery & equipment 6. Building & structure 7.Project Charts and layouts 1. Industrial Licensing 2. Industrial Location 3.SSI sector 4.Foreign Collaboration and Technology Transfer 5.Land & Rehabilitation issues 6. Project appraisal by FIs 1.Cost of project 2.Means of financing 3.Estimation of sales and production volumes 4.Cost of production 5.Working capital requirements 6.Break-even point 7.Projected cash flow 8.Projected balance sheet 9 Methods like NPV,IRR,DCF analysis 10.Cash Flow and ratio Analysis 1. Project Appraisal 2. Technical Feasibility, 3.Economic Feasibility 4. Financial Evaluation 5. Appraisal Under Risk and Uncertainty, 6.Sensitivity Analysis, 7.Social Cost Benefit Analysis

Three Hours

Three Hours

Three Hours

Three Hours

Three Hours

Quantitative Aspects of projects :PERT/CPM Network Analysis for monitoring of the project

Lecture

1. Developing the project network using CPM/PERT 2. Constructing network diagram, 3. AOA and AON methods 4. Limitations of CPM/PERT, 5.Reducing project duration (activity crashing) 6.Using critical path project management tools (WBS, Gantt chart, Project Network Diagram) 7.Establishing the critical path 8.Tracking project milestones 1. Use of Float analysis in project planning 2.Different types of floats-free, independent and total 3.Earned value management system including ACWP,BCWS & BCWP concepts 1. Overview of types of softwares for projects, 2.Major features of softwares like MS Project. 3. Criterion for software selection like capacity, format, cost, report generation etc. 4. Use Microsoft project 2007 to help plan and manage a small project. 1.To evaluate the level of understanding of students 2.Give suggestions and recommendations to students 1.To evaluate the level of understanding of students 2.Give suggestions and recommendations to students

Three Hours

10

Other quantitative techniques for monitoring and Control of project

Lecture

Three Hours

11

Computer Applications: Selection of software packages for application to Project management.

Lecture

Three Hours

12

Case Studies and Assignments

Presentation s by students

Three Hours

13

Case Studies and Assignment

Presentation s by students

Three Hours