1 Spring 2015 MG 375 - Project Management Dr. Larry E. Stapleton Office: ADM – Scovill 310D Class Schedule: M 6 - 10PM Office Phone: (217) 424-6361 Class Room : SCO 005 e-mail Address: lstapleton@mail.millikin.edu Office Hours: Course Overview The objective of this course is to master the principles of efficient project planning and control - needs analysis, work breakdown, scheduling, resource allocation, risk management, and performance tracking and evaluation - within the timeframe and cost projections stated in the overview section. Concepts and techniques will be developed by navigating through a recent textbook in project management and through a popular project management software package. In addition, students will have the opportunity to work in teams to hone skills through homework problem sets and a comprehensive project plan. Projects are major undertakings that have a limited duration (i.e., finite completion point). As such, they require a unique approach to management and administration. Since the management of projects differs from the management of ongoing operations this project management course provides the student with a critical component for a balanced business education. This course covers some of the basic issues related to and tools used for managing projects in organizations and provide the opportunity for a real-world application of the tools and concepts comprising project management. The student is introduced to topics associated with contemporary thought on how to effectively manage a project by developing a project, following the "project life cycle". These topics include scope definition, Work-Breakdown-Structure development, assignment of logical relationships, resource and time constraint planning, construction of a budget and monitoring of planned and actual progress using a variety of mathematical indices. The best way to appreciate the complexities of managing a project and project personnel is through direct experience. The “hands-on” project management topics from which a student may chose include but not limited, event planning, software development and product development. First-hand experience as a successful project manager is gained through the use of multiple scenarios, competitive and collaborative project teams. 2 Each student will work in a team to plan and manage the project progress using appropriate project management tools and techniques. In addition, an overall plan will be generated by the project manager or project management team. Teams will present concise reports and interim deliverables during the semester as the planning process evolves. The project will terminate with a post-project assessment presentation, a “lessons learned” document, a brief personal paper reflecting on the project experience. Course delivery and learning methods will include lecture, guest speakers (Tabor Faculty/Professionals), discussion, team meetings, and hands-on experience. Tabor Objective: 1. Demonstrate proficiencies in verbal and written communication appropriate to business situations. 2. Apply those problem-solving and decision-making skills expected of entry-level business professionals Business Management Objective: 1. Understand the essence of teamwork and its implications on the process of organizational leadership, planning and control. 2. Understanding the value of research, forecasting, production and contingency planning in management decision-making, problem –solving and venture growth and development. Course Objectives This course will strive to achieve the following objectives: 1. To prepare students to deal with the complex issues found in organizational life. 2. The student will be able to write a Statement of Work (SOW). 3. The student will develop a Work Breakdown Structure (WBS). 4. The student will establish time estimates and a budget for a project (including labor and materials). 5. The student will develop a PERT/CPM network diagram for a project using MS Project 2010. 6. The student will assess risks, create a closeout plan, contingency plan, and quality assurance plans for a project. 7. The student will monitor the project process using mathematical indices comparing planned/actual schedule and costs and estimation of completion time/costs. 8. The student will demonstrate the ability to deal with real problems as they arise during the implementation of the “hands-on” project. COURSE PREREQUISITE : Junior Standing; : Introductory Statistics course (Recommended) COURSE MATERIAL 1. Gray, Clifford F. and Erik Larson. Project Management: The Managerial Process, 5th Edition, McGraw-Hill, 2010 2. Additional relevant readings will be assigned or provided as the related topic is discussed. 3. Lecture notes will be available on Moodle. 3 DISABILITY ARRANGEMENTS: It is the responsibility of the student to inform the instructor of any special needs he/she requires. All reasonable accommodations will be made to facilitate the student’s learning process. The student will provide proper documentation regarding any learning accommodations from the appropriate Millikin department. COURSE GRADING Course grades will be based on examinations, group presentation, class participation and class attendance. Exam 1 Project Presentation Class Participation Project Segments Total 100 pts 200 pts 100 pts 200 pts 600 pts Your grade for the course is based on the following equation: Grade A AB+ B BC+ C CD+ D DF Upper Limit 100% 92.9% 89.9% 86.9% 82.9% 79.9% 76.9% 72.9% 69.9% 66.9% 62.9% < 60% Lower Limit 93% 90% 87% 83% 80% 77% 73% 70% 67% 63% 60% WRITING AND PRESENTATION EVALUATION Tabor is dedicated to assess the writing and presentation level for each student. To provide a consistent means of assessing the student’s writing and presentation skills an Assessment Guide for each is provided in Moodle. It is the student’s responsibility to download these guides and familiarize them self with Tabor’s expectations on what constitutes acceptable writing and presentations. Additional criteria to evaluate a writing or presentation assignment may be applied by the instructor. This additional evaluation covers the content and other aspects the instructor believes to be relevant to the assignment. EXAMS There will be two exams. Each exam will cover the material discussed since the previous exam. Exams will consist of multiple choice, essay, and short answer. Make up exams will be given at the instructor’s discretion based upon valid documented reasons. An 4 alternate exam time must be arranged with the instructor preferably prior to the original exam time but not latter than 24 hours after the original exam time. PROJECT SEGMENTS There will be a weekly assignment where each team will write a paper including relevant charts and graphs for each assigned project segment. The paper will identify the major points of that project segment and describe the relevance to the chapter being discussed. The paper will represent a report of the progress of the project regarding time of completion and budget variance. The project segment will be turned into the instructor at the end of the class on the date due.. ATTENDANCE AND CLASS PARTICIPATION Attendance is expected and required. Lecture and the associated notes are meant to supplement the text. The topics, examples and discussion held during each class period are potential exam questions. Class participation is expected. The grade given for class participation will depend upon how much the student contributes to and expands the discussion of the current subject. A positive score will be given to those who provide consistent and relevant comments on the topics discussed. Being argumentative or speaking without a focused thought is not considered to be a relevant comment. Solutions for the homework will be posted on Moodle. PATHWAY to SUCCESS Each student is expected to be prepared for class. Being prepared consists of: - Having read the reading assignment - Compiled a list of questions on sections of the text which needs further elaboration. - Be able to discuss "real-world" applications for the principles to be discussed. - Provide relevant job related activities to share with your colleagues ACADEMIC HONESTY My policy is simple: DON’T DO IT. Any student caught cheating will be given a Zero for the exam. In addition, a letter outlining the event will be prepared with a copy sent to the Dean and one to the registrar from placement in your personal file. The gain from cheating is short term but a notation of cheating on your permanent file will follow you for life. COURSE SCHEDULE The instructor will attempt to adhere to the following course schedule but reserves the right to modify the course content, class assignments and activities, and/or dates as deemed necessary. 5 MG 375 - Project Management Class 1/26 Hour 1 Topic/ Activity Introduction to Project Management - go over slides 2 Go over case study " A day in the life " Go over questions Show video of project management Discuss for 10 min Organization Strategy and Project selection Discuss Hector Gaming 3 2/2 Assignment Read slides "Project Management Intro Read Chapter 1 in text Read case in 1st chapter and answer questions Read Chapter 2 and slides Go over Hector gaming case and questions 1 Project Management Structures 2 Discuss Moss and McAdams Case Discuss Orion Cases A& B 3 Discuss Individual Project Go over Final Project evaluation 1 Defining the Project 2 Discuss Manchester United Soccer club 3 Estimating Project Times and costs 2/16 1 2 3 Introduction to MS Project Film Example 2nd example Review slides 2/23 1 Project Outline Organizational Breakdown Structure (OBS) Resource Allocation Matrix (RAM) Greendale case – intro use of MS project Enter Part 1 of Blue Zuma ; create a file Answer questions Email your OBS, Ram and WP (draft) 1 Developing a Project Plan Read Chapter 6 and the slides 2 Enter Part 2 A & B of Blue Zuma ; Save to a file 2/09 2 3 3/2 Read Chapter 3 and Slides Read and answer questions for the two cases. Bring two or three potential projects. Review Project evaluation outline Read Chapter 4 and the slides Read and answer questions for Case. Read Chapter 5 and the slides Email a summary of your project 6 3/16 3/23 3/30 3 Answer Questions Scheduling Resources 1 Reducing Project Duration 2 Complete the "Now" wedding and answers 3 Enter Part 3 of Blue Zuma ; Save to a file Answer Questions 1 Project Control Process 2 3 Enter Part 4 of Blue Zuma ; Save to a file Answer Questions Risk 1 Managing Project Stakeholders 2 Enter Part 5 of Blue Zuma ; Save to a file Answer Questions Enter Part 6 of Blue Zuma ; Save to a file Answer Questions 3 4/6 1 2 3 Presentations Presentations Presentations Read Chapter 8 and slides Read Chapter 9 and slides Read the "Now" wedding Read Chapter 13 and slides Email your Work Packages Read Chapter 7 Read Chapter 10 and slides Email your MS file leveled and baselined Email your project report