This course provides students with foundational knowledge and practical skills in project management. It covers the principles, tools, and techniques used to effectively initiate, plan, execute, monitor, control, and close projects. Students will explore key project management knowledge areas including scope, time, cost, quality, risk, and stakeholder management.

The main objective of this course is to equip students with the essential skills and knowledgerequired to manage projects efficiently and effectively.

Unit 1: Introduction to Project Management    5 LHs
Concept and characteristics of project; Importance of project; Program versus project;Project life cycle; Determinants of project success; Project governance; Project management today: A sociotechnical approach.

Unit 2: The Organizational Context: Strategy, Structure and Culture  6 LHs
Implementing strategy through projects; Projects and organizational strategy; Stakeholdermanagement; Project management structures; Key considerations for the right project  management structure; Concept of organizational culture; Implications of organizational culture for organizing projects.

Unit 3: Project Selection and Portfolio Management   7 LHs
Project Selection – Introduction to project selection; Approaches to project screening andselection: Checklist model, simplified scoring models, the analytical hierarchy process,and profile models; Financial models: payback period, net present value, discountedpayback, and internal rate of return; Choosing a project selection approach; ProjectPortfolio Management – Concept of project portfolio management; Objectives andinitiatives; The portfolio selection process; Developing a proactive portfolio; Keys tosuccessful project portfolio management; Problems in implementing portfolio management.

Unit 4: Risk Management    5 LHs
Concept of project risk; Risk management process: Risk identification, analysis ofprobability and consequences, risk mitigation strategies, and control & documentation; Project risk management:

Unit 5: Cost Estimation and Budgeting  6 LHs
Cost management: Direct versus indirect costs, recurring versus nonrecurring costs, fixedversus variable costs, normal versus expedited costs; Cost estimation: Cost estimation
methods; learning curves in cost estimation; Problems with cost estimation; Creating aproject budget: top-down budgeting, bottom-up budgeting, and activity-based costing;Developing budget contingencies.

Unit 6: Developing a Project Plan     6 LHs
Developing the project network; From work package to network; Constructing a projectnetwork; Activity-on-node (AON) fundamentals; Using the forward and backwardpass  information; Practical considerations; Extended network techniques to come closer toreality.

Unit 7: Managing Project Teams     4 LHs
The five-stage team development model; Situational factors affecting team development;Building high-performance project teams; Managing virtual project teams; Project teampitfalls.

Unit 8: Project Evaluation and Control   5 LHs
Concept of project evaluation and control; General model of control cycle; Monitoringproject performance; Earned value management; Using earned value to manage a portfolio
of projects; Issues in the effective use of earned value management; Human factors inproject evaluation and control.

Unit 9: Project Closeout and Termination 4 LHs
Introduction; Types of project termination; Natural termination – the closeout process;Early termination for projects; Preparing final project report.