This course provides an overview of the theory and practice of managing projects within various organizational structures. The fundamental building blocks of project management are addressed with special emphasis on the triple constraint and developing project plans. Students will learn to develop appropriate project scope, schedule, budget and integrated baselines essential for proper project analysis and management. These topics are taken one at a time through a series of applied problems and then exercised through case studies.
Managing the human elements of project management is as challenging as mastering the technical aspects. Innovative approaches are employed to successfully motivate, communicate, negotiate and resolve conflicts among the team members and stakeholders. In this course, students develop an understanding of the individual, the group and the project team. Proven techniques to make conflict a constructive rather than a destructive experience are discovered. Students develop effective communication, negotiation and conflict resolution skills to successfully lead both domestic and global projects.
Quality management ensures that project deliverables meet pre-determined criteria. Methods for quality management are studied, including quality planning, assurance and control. Risk management is the systematic process of identifying, analyzing, evaluating and controlling project risks. Both qualitative and quantitative risk analyses are conducted and strategies for proactive risk aversion and reactive risk response are developed.
In this comprehensive course, students will build statements of work and work breakdown structures, make activity and resourcing decisions, set timelines and utilize scheduling and resource allocation methods. Risk management methods will also be used in working as groups to create and manage project plans. The student will apply the PMBOK standards to real-world projects through a series of case studies.
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This course provides the student with the skills to formulate, develop and apply analytical techniques to reach cost-effective solutions to business, government and/or engineering-related problems. The course will focus on time-based analysis of selection, replacement, lease-to-buy options, multiple alternatives, uncertainty and sensitivity analysis. A problem-solving approach will be implemented to develop the concepts identified. Topics include engineering, decision-making, cash flow equivalence, present worth analysis, annual cash flow analysis, rate of return analysis, incremental analysis, depreciation, income tax assessment, replacement analysis, inflation and deflation, estimating in future event, selecting a minimum attractive rate of return and the successful evaluation and rationing of capital among competing projects.
Advanced project management requires an in-depth knowledge of finance and engineering economics. This course is divided into three parts. Part I is the study of financial concepts and introduces record-keeping, financial statements and the accounting equation. Part II, financial analysis and time value of money, focuses on the traditional applications of time value of money and project analysis and justification. Part III is the study of Earned Value Analysis (EVA) of projects and development of financial project reports.
Successful project managers learn to develop and apply cooperative and engagement techniques within project teams. Students will develop and apply the processes, tools and techniques that lead project team members and stakeholders and promote effective communications in a multidimensional environment. Students will apply the methods of leadership that are most appropriate for achieving project success. By learning and practicing proven communication, team-building, conflict resolution and negotiation skills, students will help maximize the productivity and results of a project team.