Course Contents

• Introduction: Projects in Contemporary Organization, The Definition of a “Project”, Why Project Management? The Project Life Cycle. • Part I: Project Initiation: Strategic Management and Project Selection: Project Management Maturity, Project Selection and Criteria of Choice, The Nature of Project Selection Models, Types of Project Selection Models, Project Portfolio Process, Project Proposals • The Project Manager: Project Management and the Project Manager, Special demands on the Project Manager, Selecting the Project Manager, Problems of Cultural differences • Project Organization: The Project as part of the Functional organization, Pure Project Organization, The Matrix Organization, Mixed Organizational systems, choosing an Organizational Form. • Project Planning: Initial Project Coordination, Systems Integration, The Work Breakdown Structures and Linear Responsibility Charts. • Conflict and Negotiation: The Nature of Negotiation, Partnering, Chartering, and Change, Conflict and the Project Life Cycle, Some Requirements and Principles of Negotiation. • Part II: Project Implementation: • Budgeting and Cost Estimation: Estimating Project Budgets • Scheduling: Network Techniques: PERT (ADM) AND CPM (PDM) • Resource Allocation: Critical Path Method- Crashing a Project, Resource Allocation Problems, Resource Loading, Resource Leveling. • Monitoring and Information Systems: The planning-Monitoring-Controlling Cycle, Earned Value Analysis. • Part III: Project Termination. • Project Auditing: The Project Audit Life Cycle • Project Termination: The Varieties of Project Termination, When to Terminate a Project. Final Project: Students are required to conduct a thorough literature search (books, journals, trade magazines, newspapers, websites etc.) in order to prepare the research project. It is expected that the project covers all the phases of Project starting from Selection and leading to Initiation, Planning, Execution and Termination.

Course Synopsis

Project management has become a means to achieve organizational objectives. It provides an organization with powerful tools that improves ability to plan, implement, and control its activities as well as the ways in which it utilizes its people and resources.

Course Learning Outcomes

On successful completion of this subject, students will be able to: • Acquire a broad background and specific management skills in project management. • Understand the importance of project management in business organizations. • Understand the strategies to integrate and manage scope, schedule, cost and quality for successful project outcomes. • Understand the principles of effective management and apply them to manage projects and project teams.