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 S. El-Omari ENGR 301 Lecture 1 1 S. El-Omari Course Outline S. El-Omari 2. • • • • • • • Organizational Structure Project Delivery Systems Contracts Planning Scheduling Cost Control ENGR 301 Lecture 1 3 S. El-Omari ENGR 301 Lecture 1 4 • “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. ENGR 301 Lecture 1 Economics Time Value of Money Interest and Equivalence Evaluation of Projects Comparison between Alternatives Inflation Depreciation Taxation Other References Course Textbook S. El-Omari 2 Course Outline 1. Engineering Management • • • • • • ENGR 301 Lecture 1 5 S. El-Omari ENGR 301 Lecture 1 6 1 Grade Distribution • Assignments: 10% • Midterm Exam: 30% • Quiz: 5% • Final Exam: 55% S. El-Omari ENGR 301 Lecture 1 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. 7 S. El-Omari ENGR 301 Lecture 1 8 Project A Project is a temporary endeavor undertaken to create a unique product, Engineering Management services or result. PMI S. El-Omari ENGR 301 Lecture 1 9 S. El-Omari ENGR 301 Lecture 1 Project 10 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. S. El-Omari ENGR 301 Lecture 1 11 S. El-Omari ENGR 301 Lecture 1 12 2 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 S. El-Omari ENGR 301 Lecture 1 13 The Project Manager is the person responsible for accomplishing the project objectives. PMI S. El-Omari ENGR 301 Lecture 1 14 Project Management Knowledge Areas Project Management Objectives To deliver a project on target: Time, Cost, Quality Time • Triangle of Values Cost S. El-Omari Quality ENGR 301 Lecture 1 15 S. El-Omari ENGR 301 Lecture 1 16 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 S. El-Omari ENGR 301 Lecture 1 17 – – – – – S. El-Omari Initiation Scope Planning Scope Definition Scope Verification Scope Change Control ENGR 301 Lecture 1 18 3 Project Management Knowledge Areas Project Management Knowledge Areas • Project Time Management Processes required to ensure timely completion of the project and includes: – – – – – S. El-Omari • 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 ENGR 301 Lecture 1 – Resource Planning – Cost Estimating – Cost Budgeting – Cost Control 19 Project Management Knowledge Areas ENGR 301 Lecture 1 – Organizational Planning – Staff Acquisition – Team Development 21 S. El-Omari ENGR 301 Lecture 1 22 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 ENGR 301 Lecture 1 20 • Project Human Resource Management Processes required to ensure most effective use of people involved and includes: Project Management Knowledge Areas S. El-Omari ENGR 301 Lecture 1 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 S. El-Omari S. El-Omari – Risk Management Planning – Risk Identification – Qualitative Risk Analysis – Risk Response Planning – Risk Monitoring and Control 23 S. El-Omari ENGR 301 Lecture 1 24 4 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 S. El-Omari ENGR 301 Lecture 1 • All project phases represent the Project Life Cycle 25 S. El-Omari ENGR 301 Lecture 1 26 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. • 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 S. El-Omari ENGR 301 Lecture 1 27 S. El-Omari ENGR 301 Lecture 1 28 S. El-Omari ENGR 301 Lecture 1 29 S. El-Omari ENGR 301 Lecture 1 30 5 Project Delivery Methods S. El-Omari ENGR 301 Lecture 1 31 S. El-Omari ENGR 301 Lecture 1 32 6