Engineering Management Principles & Economics Information

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Information
•
Engineering Management
Principles & Economics
Course web site: Moodle
– Access from www.myconcordia.ca
– Use netname and password to access portal
ENGR 301 H
Instructor: Samir El-Omari
• s_elomar@encs.concordia.ca
• Office Hours:
– Tuesdays 12:00 – 14:00 in Room EV-6-207
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Course Outline
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Organizational Structure
Project Delivery Systems
Contracts
Planning
Scheduling
Cost Control
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• “A Guide to the Project Management Body of
Knowledge”, Project Management Institute, 2004.
• Principals of Engineering Economics Analysis, 1998,
4th Edition, White, J. A., Case, K.E., Pratt, D.B.,
And Agee M. H., John Wiley and Sons.
• Professional Construction Management, 1994, Barrie,
D.S., and Paulson, B.C., McGraw Hill Inc., N.Y.
• Construction Project Management, Clough, R.H., and
Sears, G.A., 1991, John Wiley and Sons Inc., N.Y.
“Engineering Economics Analysis: Canadian
Edition”, Newnan, D. G., Whittaker, J.,
Eschenbach, T. G., Lavelle, J. P., Oxford
University Press, 2006.
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Economics
Time Value of Money
Interest and Equivalence
Evaluation of Projects
Comparison between Alternatives
Inflation
Depreciation
Taxation
Other References
Course Textbook
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Course Outline
1. Engineering Management
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Grade Distribution
• Assignments:
10%
• Midterm Exam:
30%
• Quiz:
5%
• Final Exam:
55%
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Assignments
• Submitted on the due date, before the class.
• Electronic submission of assignments will not
be accepted.
• A cover sheet provided in the course website
must be used to submit assignments.
• Collaboration among students is encouraged,
as long as the integrity of each individual
work is maintained.
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Project
A Project is a temporary endeavor
undertaken to create a unique product,
Engineering Management
services or result.
PMI
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Project
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Project
• Temporary
• Unique
– Definite beginning and definite end.
– End is reached when:
– Has not been done before.
– Even if category is large.
• Project objectives are achieved.
• It’s clear that project objectives can not be met.
(Ex. Office buildings: owner, location, design, ….etc.)
– Temporary is not short
– Projects does not generally apply to product or
service.
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Project Management
Project Manager
Project Management is the application of
knowledge, skills, tools and techniques to
project
activities
to
meet
project
requirements.
Project management is
accomplished through the application and
integration of the project management
processes of initiating, planning, executing,
monitoring and controlling, and closing.
PMI
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The Project Manager is the person responsible
for accomplishing the project objectives.
PMI
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Project Management Knowledge Areas
Project Management Objectives
To deliver a project on target:
Time, Cost, Quality
Time
• Triangle of Values
Cost
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Quality
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Project Management Knowledge Areas
Project Management Knowledge Areas
• Project Integration Management
Processes
required
to
ensure
proper
coordination of various project elements and
includes:
• Project Scope Management
Processes required to ensure that project
includes all the work required and includes:
– Project Plan Development
– Project Plan Execution
– Integration Change Control
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Initiation
Scope Planning
Scope Definition
Scope Verification
Scope Change Control
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Project Management Knowledge Areas
Project Management Knowledge Areas
• Project Time Management
Processes required to ensure timely completion
of the project and includes:
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• Project Cost Management
Processes required to ensure the project is
completed within the planned budget and
includes:
Activity definition
Activity Sequencing
Activity Duration Estimation
Schedule Development
Schedule Control
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– Resource Planning
– Cost Estimating
– Cost Budgeting
– Cost Control
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Project Management Knowledge Areas
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– Organizational Planning
– Staff Acquisition
– Team Development
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Project Management Knowledge Areas
• Project Communications Management
Processes required to ensure timely and
appropriate handling of project information
and includes:
• Project Risk Management
Processes concerned with identifying,
analyzing, and responding to project risk and
includes:
– Communications Planning
– Information Distribution
– Performance Reporting
– Administrative Closure
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• Project Human Resource Management
Processes required to ensure most effective use
of people involved and includes:
Project Management Knowledge Areas
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Project Management Knowledge Areas
• Project Quality Management
Processes required to ensure the project
satisfies the needs for which it was
undertaken and includes:
• Quality Planning
• Quality Assurance
• Quality Control
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– Risk Management Planning
– Risk Identification
– Qualitative Risk Analysis
– Risk Response Planning
– Risk Monitoring and Control
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Project Phases / Project Life Cycle
Project Management Knowledge Areas
• Project Procurement Management
Processes required to acquire goods & services
from outside organization and includes:
• Projects are divided into several phases to
ensure management control.
– Procurement Planning
– Solicitation Planning
– Solicitation
– Source Selection
– Contract Administration
– Contract Closeout
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• All project phases represent the Project Life
Cycle
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Project Phases
• Inception – by investor / owner – where the project is first
visualized.
• Planning and Definition - by investor / owner – rough estimate
of the project duration, budget and plan are developed.
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Design – by Architect / Engineer – components of the project
are designed.
• Procurement and construction – by contractor – purchasing
necessary good and construction.
• Start up and commissioning – by contractor – where project
is delivered to the owner
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Project Delivery Methods
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