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PROJM-H16
MBA (HRM) 2016-18 : Term-IV

Project Management

Course Outline

INTRODUCTION
The term project management is now used extensively for the management and accomplishment of any plan, scheme or task. Project Management has gradually become an integral way of managing critical and strategic socio-economic-business plans and objectives. Be it developing new infrastructure or a new manufacturing facility, implementing a new service offering, developing a new IT solution, designing a new product, a mission to space or even implementing a welfare scheme, all are planned and executed as Projects. Managing strategic business or socio-economic objectives and goals as Projects, brings obvious tangible benefits in terms of reduced cost and time lines and most importantly ensuring successful implementation.

In India, large amounts have been and are being spent on various projects for providing infrastructure facilities and for meeting developmental needs. Project management is thus of vital importance to any undertaking that is being newly setup or to any organization planning expansion/diversification of its activities.

Project Management is considered now as a specialized skill and profession and is considered to be much wider in scope in terms of skills required vis-à-vis general management. This 3.0 credit course addresses management aspects of project planning, implementation and monitoring. This course also aims at laying a foundation of understanding of Project Management concepts, processes, applicable knowledge areas, tools and techniques, best practices etc.

This course will also help the aspirants to prepare for becoming a PMP, the coveted Project Management Certification from Project Management Institute, USA

OBJECTIVES
The course is designed with the following objectives

1. Inculcate Project Way of thinking and management
2. Seeing Project Management as five process groups of Initiating, Planning, Execution, Monitor and Control and Closing of Projects; and different project application areas of Scope Management, Time Management, Cost Management, Quality Management, HR Management, communication Management, Risk Management, Procure Management and Integration Management
3. Provide the knowledge of various technique and management concepts for efficiently planning and organizing for effective execution of projects.
4. Provide an understanding of effective information and monitoring system; manual or computerized for project control
5. To make students aware of the reasons for tardy implementation of most projects in India with a view to evolve remedial measures.
6. Discuss about the Human aspects and Leadership in Project Management
Description
No of Classes
1. An overview of Project Management:

a. Concept of a project
b. Categories of Project
c. Why Project Management – A Survey Result
d. Characteristics of Project
e. Tools and techniques for project management
f. Roles and responsibilities of project managers
    2. Project Management Context:
    a. Project life cycle & phases
    b. Project Stakeholders
    c. Organizational Influences
    d. Organization for project implementation
    e. Matrix organization
      3. Project management Processes
      a. Project Management Process Groups
      b. Initiating, Planning, Executing, Monitoring, Closing
      c. Major PM Documents
        4. Project Initiation
        a. Project Selection Methods
        b. Business Case for projects
        c. Project Charter
        d. Stakeholder Identification and Analysis
          5. Project Planning
          a. Scope Planning
          b. Scope Definition
          c. Create WBS (Work Breakdown Structure)
          d. Activity Definition
          e. Activity Sequencing
          f. Activity Resource Estimating
          g. Activity Duration Estimating
          h. Schedule Development
          i. Cost Estimating
          j. Cost Budgeting
          k. Quality Planning (concepts)
          l. Perform Quality Assurance
          m. Perform Quality Control
          n. Human Resource Planning
          o. Communication Planning
          p. Risk Management Planning
          q. Risk Identification
          r. Qualitative Risk Analysis
          s. Quantitative Risk Analysis
          t. Risk Response Planning
          u. Procurement Planning
          v. Project Baseline and Plan Approval
            6. Project Implementation
            a. Acquire Project Team
            b. Build Project Team
            c. Execute project work
            d. Monitor & Control (Against Baseline)
            e. Analyze project variances
            f. Corrective actions & preventive action
            g. Earned Value Management (EVM)
            h. Change control
              7. Project Closure

              8. MS Project software
                9. Case Studies and Presentation
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                Evaluation:
                1. Quizzes 40%
                2. Group Presentations 10%
                3. Group Assignment 10%
                4. End Term Exam 40%
                Padagogy:
                Each session will be supported with case studies and exercises in the class, which will help to reinforce the understanding of the basic project management concepts, processes, principles and best practices. The course will encourage extensive class discussions on project challenges, success factors and individual experiences.
                Reference and Text Books:
                1. Project Management Body of Knowledge (PMBOK) from PMI, (USA)
                2. Project Management: The Managerial Process (6th Edition), by Gray, Larson, Desai, ( McGraw Hill Education) (Text Book)
                3. Project Management Case Studies, by Dr H Kerzner.
                Websites:
                1. www.pmi.org
                Instructor Profile
                Created By: Bijoy Kar on 03/31/2017 at 01:53 PM
                Category: Course Outlines-HRM-II Doctype: Document

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