PM

IPER TECHNICAL CAMPUS, BHOPAL

MBA SEMESTER II (2013 – 15)

COURSE OUTLINE : PROJECT MANAGEMENT

Course Chairman: Prof. Anil Purushothaman

Faculty Members: Prof. Milind Patil, Prof. (Dr.) Arjun Murti, Prof. Abhishek Pratap Singh.

Course Objective With increasing technological and scientific advances, the efficient and effective planning and implementation of major projects is becoming increasingly complex and critical. This course is aimed at providing both basic and some advanced exposure to MBA Second Semester Students, so as to enable the managers and Project Team members of tomorrow to successfully complete sophisticated projects within the constraints of capital, time, and other resources. The course aims at the following learning targets:

1. To understand the concepts of project definition, life cycle, and systems approach; 2. To develop competency in market and demand analysis, financial estimates and projections ; 3. To develop competencies in project costing, budgeting, and financial appraisal; 4. To handle the tasks of time estimation and project scheduling, including PERT and CPM 5. To gain exposure to administrative aspects of project control and management 6. To appreciate and understand the use of computers in project management, especially a tool like

MS Project and MS Excel.

Course Deliverables: At the end of this course the attendee would have attained the fundamental concepts and methods of Project Management, Evaluation, Financing and control, and would be able to identify MS Project and MS Excel as a Project Management tool.

Duration: Total No. of Sessions: 35 (Including 05 Lab Sessions and 03 Test Sessions)

Internal Assessment Scheme: Assignment – 35% Presentation – 20% Quiz Test – 35% Attendance – 10%

PROJECT MANAGEMENT, 2013-15


Text Book: T1. Projects: Planning, Analysis, Selection, Financing, Implementation & Review- Prasanna

Chandra, Tata McGrawhill India Ltd.

T2. Project Management and Appraisal, Sitangshu Khatua, Oxford University Press

Reference Books: R1. Project Management– A Managerial Approach: Jack R. Meredith, Samuel J. Mantel, Jr., Wiley

Publ.

R2. Project Management– Core textbook : Mantel, Meredith, Shafer – Wiley India Publ.

R3. Project Management– A Managerial Approach : Jack R. Meredith, Samual J. Mantel : Wiley Publ.

Course Contents

Module I Sessions: 06

Title Planning

Contents Overview: - Projects and Project Management, components of a Project, Project life cycle, Role of a Project Manager Capital Investment: Importance & Difficulties, Types of Capital Investment; Phases of Capital Budgeting, Levels of Decision Making, Facets of Project Analysis, Key Issues in Major Investment Decisions, Objective of Capital Budgeting, Common Weakness in Capital Budgeting

Strategy & Capital/Resource Allocation:- Concept of Strategy, Grand Strategy, Diversification Debate, Portfolio Strategy, Business Level Strategies, Strategic Planning & Capital Budgeting

Textbooks Reference

T1. – Ch. 1 & Ch. 2

T2. – Ch. 1

Readings Reading Objective / Relevance 1. “Building India with Project Management”

Source: PMI Manage India Sept-2011 Issue cover story

- lists the status of major public sector projects in India, insights from experts on how public projects fare in India, the successes and the gaps, and



what lies ahead.

2. “The IT Department at Hamelin Hospital”

Source: Case study from Project Management – Achieving Competitive Advantage, by Jeffrey K. Pinto, ISBN 978-81-317-2715-7

- An example of how a department takes the project tasks and handling.

3. (Video) “India’s growth story: The Project Management Initiative, Study by FICCI/PMI”

Source: PMI India

- Gives a summary of the status of infrastructure Projects in general in India from 1992 -2009

4. “The Big Lie of Strategic Planning”

Source: Article from Howard Business Review Jan 2014 by Roger L. Martin.

- Discusses the practical aspects of Strategic planning and tries to shake the comfort traps in it.

Web References 1. “Reliance Jio, Bharti Airtel join hands for sharing infrastructure”

Source: http://articles.economictimes.indiatimes.com/2013-12-10/news/45035105_1_reliance-jio-infocomm-telecom-network-optic-fibre-network; accessed on 24 Jan, 2014

- A recent example of deal on infrastructure sharing between two telecom giants, a win-win approach.

2. “Why are so many IT Projects failing?”

Source: http://www.cio.com/article/744168/Why_Are_So_Many_IT_Projects_Failing_; accessed on 24 Jan, 2014

- A recent article in CIO.com that discusses about the reasons behind the huge number of failures in IT projects.

Activity 4 Panel Discussions on Readings Execution plan: 1. A panel of 8 student panelists will be formed and the remaining class strength shall be the audience. It will be ensured that each student gets exactly one chance to appear in a panel during the course. 2. One panel discussion shall be of 15 minutes approx. 3. Questions shall be posed by the Moderator to the panelists and evaluation will be based on the answers from the panel. 4. Results of evaluation (qualitative only) will be uploaded on the Portal.

Total sessions for Title

06


http://articles.economictimes.indiatimes.com/2013-12-10/news/45035105_1_reliance-jio-infocomm-telecom-network-optic-fibre-network




http://www.cio.com/article/744168/Why_Are_So_Many_IT_Projects_Failing_

http://www.cio.com/article/744168/Why_Are_So_Many_IT_Projects_Failing_


Module II Sessions: 07 Title Generation of Project Ideas & Screening

Contents Generation of ideas; Monitoring the environment; Corporate appraisal; Tools for Identifying Investment Opportunities; Scouting for project ideas; Preliminary screening; Project rating index; Sources of positive net present value

Textbooks Reference

T1. Ch. 3

Readings Reading Objective / Relevance

1. “Time & cost Overruns in Kabul 105 MW Power Plant project”; Source: 37 – 440, Project Management and Appraisal, Sitangshu Khatua, Oxford Press

- A real example that explains the factors in a project that contributes to delays.

2. “Western mining corporation: Operations management project” Source: case study by Elspeth Murray, Richard Ivey School of Business

- A case study that goes into the reasons of implementation delay in an Operations management project.

3. “Who’s bringing you Hot ideas?” Source: Howard Business Review February 2003 Article

- An article that discusses the identification and management of sources within the organization who bring new ideas to work.

4. “New Project? Don’t Analyse – Act.” Source: Howard Business Review March 2012 Article

- An article on how entrepreneurs take small quick steps to get initiatives off the ground.

Web References 1. “Innovation: It's Not The Idea, It's What You Do With It” Source: http://www.forbes.com/sites/johnkotter/2013/11/22/innovation-its-not-the-idea-its-what-you-do-with-it/

- An article on innovations in business from John Kotter, owner of Kotter International that helps leaders deliver transformational change.

PROJECT MANAGEMENT, 2013-15 Page 4

http://www.forbes.com/sites/johnkotter/2013/11/22/innovation-its-not-the-idea-its-what-you-do-with-it/




2. “Small innovations add up to big business” Source: http://www.livemint.com/Opinion/zg0AHJAMabSSP3x2C1M3QJ/Small-innovations-add-up-to-big-business.html

- An article on how even the smallest businesses are capable of coming up with ideas that capture customers’ imaginations.

3. “10 of the Most Innovative Small Businesses of 2013” Source: http://www.entrepreneur.com/article/226940

- An interesting list of innovative ideas in business in 2013.

Assignment 1: Generate a project idea for setting up a business enterprise in Bhopal. What were the various ideas put up for consideration? List all of them and justify selection on the basis of PEST, SWOT and Value Chain Analysis.

Assignment to be attempted by all the 15 groups, wherein each group consists of 5 members.

Presentation 1: Any 8 groups shall be randomly picked for presentation on Assignment.

Number of Sessions

07

Internal Test 1: Course coverage: Module 1 & 2 Max. marks: 20 Duration: 1 hr (Not included in above)

Module III Sessions: 06

Title Analysis: - Market & Demand Analysis

Contents Situational analysis and specification of objectives; Collection of secondary information; Conduct of market survey; Characterization of the market; Demand forecasting; Uncertainties in demand forecasting; Market planning

Textbook References T1: Ch. 4


http://www.livemint.com/Opinion/zg0AHJAMabSSP3x2C1M3QJ/Small-innovations-add-up-to-big-business.html



http://www.entrepreneur.com/article/226940

http://www.entrepreneur.com/article/226940



1. “Identifying Project Costs and Benefits in agricultural projects”

- Source: Stanford University document for providing analytical tools to agricultural investments in developing countries.

http://www.stanford.edu/group/FRI/indonesia/documents/gittinger/Output/chap2.html

- A chapter from the Project Management classes at Stanford university.

2. “Market Survey Tools, Preparation of

Schedule and Techniques of Data

Collection” Source: Entrepreneurship Development Institute of India, Ahmedabad

- A chapter on using market survey tools and data collection.

3. “Demand Forecasting Today”

Source: OR/MS Today copyright © 2003 by the Institute for Operations Research and the Management Sciences

- talks about new challenges and opportunities for demand forecasting in the e-business environment today

Web Resources 1. “Excel formulas for demand forecasting How-To manual.” Source: http://www.cimaglobal.com/Thought-leadership/Newsletters/Insight-e-magazine/Insight-2010/Insight-November-2010/Spreadsheet-skills-trendy-forecasting-in-Excel/

accessed on 24 Jan, 2014

To learn hands-on skills on using excel sheets for demand forecasting

2. “Video on trend forecasting in excel.” Source: http://www.youtube.com/watch?v=zT08cvFSg9g

To learn hands-on skills using excel sheets for trend forecasting

Activity 1 Problem Solving on Demand forecasting – Time Series projection methods using Excel

Activity 2 02 Panel Discussions (8 student panelists per panel) on Readings




http://www.cimaglobal.com/Thought-leadership/Newsletters/Insight-e-magazine/Insight-2010/Insight-November-2010/Spreadsheet-skills-trendy-forecasting-in-Excel/






http://www.youtube.com/watch?v=zT08cvFSg9g

http://www.youtube.com/watch?v=zT08cvFSg9g


Presentation 2: Remaining 8 Groups to give Presentation on Assignment.

Number of Sessions 06

Module IV Sessions: 05

Title Analysis: - Technical Analysis

Contents Manufacturing Process/ Technology; Technical Arrangements; Materials & Inputs; Product Mix; Plant capacity; Location and site; Machineries and equipment’s; Structures and Civil Works; Environmental Aspects; Project Charts and Layouts; Project Implementation Schedule; Need for Considering Alternatives

Textbooks Reference T1: Ch. 5

Reading References Reading Objective / Relevance

1. “Construction of India’s largest Underground Railway Project”

Source: A research paper submitted by Vinod kumar, Konkan Railway Corporation Ltd., Reasi (Jammu & Kashmir), India, World Tunnel Congress 2008 - Underground Facilities for Better Environment and Safety – India

- A paper that reflects what technical analysis means, useful for the students in understanding the requirement of a technical analysis.

2. “The Case of ARTF Corporation”

Source: Case study from Project Management & Appraisal, Sitangshu Khatua, Oxford Press – Page 19-20

- A case study that throws light on the problems that a project team can face during various aspects of project management.

3. “Why your IT projects may be riskier than you think”

Source: Article by Bent Flyvbjerg and Alexander Budzier in Harvard Business Review September 2011

- a new research that shows that there are surprisingly high number of out-of-control tech projects, ones that can sink entire companies and careers.



4. “Cloud computing – The new strategic weapon”

Source: PMI whitepaper 2011

- a whitepaper that is based on Gartner survey results in 2011 that shows how companies across the world are benefitting from cloud computing.

Web Resources 1. “Learn Microsoft Project In 16 minutes Flat”

Source: Video from http://www.youtube.com/watch?v=sPwURRG9_Gs

- a video that gives a complete overview of the features of MS Project 2010

2. “What is technical analysis?”

Source: Video from http://www.youtube.com/watch?v=_2sa3TC58Qo

- a video lecture from Tim Bennet, Deputy Editor, MoneyWeek that explains what technical analysis means.

Activity Computer Lab sessions on MS-Project (Introduction and basic features)


Internal Test 2: Course Coverage: Module 3 & 4 Max. Marks: 20 Duration: 1 Hr. (Not included in above)

Module Sessions: NIL

Title Selection

Contents Basic Techniques – The time value of money, Investment criteria, project cash flows, the cost of capital, stand alone risk analysis, portfolio theory and capital budgeting

Textbook References T1

Note NIL (Module will be covered under CP-204 – Financial Management)


http://www.youtube.com/watch?v=sPwURRG9_Gs

http://www.youtube.com/watch?v=sPwURRG9_Gs

http://www.youtube.com/watch?v=_2sa3TC58Qo

http://www.youtube.com/watch?v=_2sa3TC58Qo


Module Sessions: NIL

Title Financing

Contents Financing: Financing of infrastructure and other Projects, its capital structure and methods of offering. Venture capital and private equity.

Textbook References T1

Note NIL (Module will be covered under CP-204 – Financial Management)

Module V Sessions: 03

Title Project implementation & review

Contents Forms of project organization; Project planning; Project control; Human aspects of project management; Pre-requisites for successful project implementation; Essence of project management


R1. Ch. 5, 7, 8, 9

Readings Reference Objective / Relevance

1. “From Crisis to Control: New Standards for Project Management”

Source: Michael Stanleigh, Ivey Business Journal, March/April 2006

- Identifies the problems arising from projects that are not aligned with the goals and objectives of the organization and how to align projects with corporate strategy.

2. “Need for Project Management” Source: Caselets from ICMR Center for Research Management 2004

- Two caselets that explains how the need for project management arises out of problems.

3. “Bringing Discipline to Project Management”

Source: A review by Jeffrey Elton and Justin Roe, Harvard Business Review

- An article in HBR by Jeffrey Elton that discusses the need of disciplined approach to project management.



4. “Performing a Project Pre-mortem”

Source: Case by Gary Klein, Harvard Business Review, Sept 2007

- a case that explains how important it is to look into the key aspects of the project before even beginning the project.

Activity Demonstration of Creating PERT and CPM Charts from MS Project


Module VI Sessions: 05

Title Project Review and Administrative Aspects

Contents Control of in-progress projects; Post-completion audits; Abandonment analysis; Administrative aspects of capital budgeting; Agency problem; How sound is the capital budgeting system; Disciplining the capital budgeting process for small ticket items



1. “Volkswagen Mexico Revs up for Jetta component production” Source: PMI.org

Gives an example of how WBS and Project management approach adopted by PMI helped in successful project execution

2. “Will project creep cost you – or create value?” Source: Article by Loren Gary, Harvard Business Review, 2005

- An article that explains what project creep is and how it can affect a project.

3. “Changing mindsets in the classroom” Source: PMI.org Manage India Journal

- An article that explains the need of improved academics of project management as a profession in India, an initiative by PMI.



4. “India emerges as a global brand in projects” Source: PMI.org

- Identifies the requirements for becoming a global brand in projects.

Web Resources 1. “The dirty little secrets of project management.” Source: Blog by Joe Knight, Roger Thomas, and Brad Angus http://blogs.hbr.org/2013/03/the-dirty-little-secret-of-pro/

- explains how overruns in projects can be avoided.

2. “Project management quick tips – lesson 3” Source: http://www.youtube.com/watch?v=R_cokZf7p_k

- a video explaining how to identify critical path using MS Project.

Activity 1: 02 Panel Discussion (8 student panelists per panel) on Readings

Quiz Test: 1 Quiz test covering all modules.


Internal Test 3: Course Coverage: Module 5 Max. Marks: 10 Duration: 1 Hr. (Not included in above)


http://blogs.hbr.org/2013/03/the-dirty-little-secret-of-pro/

http://blogs.hbr.org/2013/03/the-dirty-little-secret-of-pro/

http://www.youtube.com/watch?v=R_cokZf7p_k

http://www.youtube.com/watch?v=R_cokZf7p_k

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