BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI
WORK INTEGRATED LEARNING PROGRAMMES
Digital
Part A: Content Design
Course Title
Course No
PROJECT MANAGEMENT
AE ZG523/ DE ZG523/ ES ZG523/ MM ZG523/ POM ZG523
Credit Units
4
Credit Model
1-1-2
Content Author
ARUN MAITY, MAHESH KUMAR HAMIRWASIA
Course Objectives (CO)
CO-1
To introduce 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
1.4.
Drivers of Project Management
1.5.
Project Governance
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.
Situational Analysis and Specification of Objectives
3.2.
3.3.
3.4.
Collection of Secondary Information, Conduct of Market Survey
Demand Forecasting
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
13.5.
Heuristics
13.6.
Limited Resources
13.7.
Multiple Project Resource Schedules
13.8.
Multi-Project Environment
13.9.
Time Phased Budget Baseline
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.
Outsourcing: Managing Inter-organizational Relations
18.1.
Outsourcing Project Work
18.2.
Art of Negotiating
18.3.
Contract Management
19.
Project Closure
19.1.
Types of Project Closure
19.2.
Wrap-up Closure Procedure
19.3.
Post Implementation Evaluation
20.
International Projects
20.1.
Environment Factors
20.2.
Project Site Selection
20.3.
Cross-Cultural Considerations
20.4.
Selection and Training for International Projects
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 required technical and market analysis for new projects
L0-3
The student will be able to prepare projected cash flow statement and balance sheet
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
Experiential Learning Component:
Project Management Software: A project management software will be introduced, and an assignment will be based on the
software.
Part B: Learning Plan
Academic Term
FIRST SEMESTER 2023-2024
Course Title
PROJECT MANAGEMENT
Course No
AE ZG523/ DE ZG523/ ES ZG523/ MM ZG523 /POM ZG523
Lead Instructor
ARUN MAITY, MAHESH KUMAR HAMIRWASIA
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 1.5
During CH
1.1 to 1.5
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
Pre CH
3.1 to 3.4
Market and Demand Analysis
Read T2: Chapter-4
During CH
3.1 to 3.4
Market and Demand Analysis
T2: Chapter-4
Post CH
3.1 to 3.4
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
Read T1: Chapter-2
T1: Chapter-2
T1: Chapter-2 Questions and Exercises
Session-3
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 13.9
12.2
13.1 to 13.9
12.2
13.1 to 13.9
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
Read T1: Chapter-13
T1: Chapter-13
T1: Chapter13 Review questions and
Exercises
Session-13
Pre CH
17.1 to 17.5
Managing Risk
Read T1: Chapter-7
During CH
17.1 to 17.5
Managing Risk
Post CH
17.1 to 17.5
Managing Risk
T1: Chapter-7
T1: Chapter-7 Review questions and
Exercises
Pre CH
18.1 to 18.3
Outsourcing & Contract Management
Read T1: Chapter-12
During CH
18.1 to 18.3
Outsourcing & Contract Management
Post CH
18.1 to 18.3
Outsourcing & Contract Management
T1: Chapter-12
T1: Chapter-12 Review questions and
Exercises
Pre CH
19.1 to 19.3
Project Closure
Read T1: Chapter-14
During CH
19.1 to 19.3
Project Closure
Post CH
19.1 to 19.3
Project Closure
T1: Chapter-14
T1: Chapter-14 Review questions and
Exercises
20.1 to 20.4
International Projects
20.1 to 20.4
International Projects
20.1 to 20.4
International Projects
Session-14
Session-15
Session-16
Pre CH
Read T1: Chapter-15
During CH
Post CH
T1: Chapter-15
T1: Chapter 15- Review questions and
Exercises
Evaluation Scheme:
Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session
No
Name
Type
Duration Weight Day, Date, Session, Time
EC-1
Quiz-I
Online
5%
September 1-10, 2023
Quiz-II
Online
5%
October 1-10, 2023
Quiz-III
Online
5%
November 1-10, 2023
Experiential
10%
To be announced
Learning
EC-2
Mid-Semester Test
Open
2 hours
30%
Sunday, 24/09/2023 (AN)
Book
EC-3
Comprehensive
Open
2½
45%
Sunday, 26/11/2023 (AN)
Exam
Book
hours
Syllabus for Mid-Semester Exam (Open Book): Topics indicated in Sessions-1 to 8.
Syllabus for Comprehensive Exam (Open Book): All topics.
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 either two Assignments 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.