Course Objectives

The objectives of this course are to make the students to:

  1. To enable the students understand the principles and components of Project Management and Project Organization.

  2. To teach  students to  time estimation and cost accounting for project Management.

  3. To teach students the principles of project planning and scheduling.

Learning Outcomes

At the end of the course, students shall be able to:

  1. Know the basics of project management and managing the organization.
  2. Know the effective utilization of time and cost for the projects.
  3. Design for Project organization and Structures.

Unit-I: Project Management Concepts

Introduction, project characteristics, taxonomy of projects, project identification and formulation. Establishing the project and goals. Nature & context of project management; phases of PM, A framework for PM issues, PM as a conversion process, project environment & complexity. Organizing human resources, organizing systems & procedures for implementation. Project direction

Unit-II: Project Organization & Project Contracts

Introduction, functional organization, project organization, matrix organization, modified matrix organization, pure project organization, selection of project organization structure, project breakdown structures, project contracts, types of contracts, types of payments to contractors.

Unit-III: Project Appraisal & Cost Estimation

Introduction, technical appraisal, commercial appraisal, economic appraisal, financial appraisal, management appraisal, social cost/benefit analysis, project risk analysis. Cost analysis of the project, components of capital cost of a project, modern approach to project performance analysis.

Unit-IV: Project Planning & Scheduling

Introduction to PERT & CPM, planning and scheduling networks, time estimation, determination of critical path, CPM model, event slacks & floats, PERT model, expected time for activities, expected length of critical path, calculating the project length and variance, PERT & CPM cost accounting systems, lowest cost schedule, crashing of networks, linear programming formulation of event oriented networks, updating of networks, LOB technique.

Unit-V: Modification & Extension of Network Modesls

Complexity of project scheduling with limited resources, resource leveling of project schedules, resource allocation in project scheduling - heuristic solution. Precedence networking- examples with algorithm, decision networks, probabilistic networks,  computer aided project management- essential requirements of PM software, software packages for CPM. Enterprise- wide PM, using spread sheets for financial projections.

Text Books

  1. K. Nagarajan, “Project Management”, New Age International, 6th Edition, 2012
  2. Harvey Maylor, “Project Management”, Pearson Education, 2010

Reference Books

  1. Dennis Lock, “The Essentials of Project Management”, Gower Publishing Ltd. UK., 2010
  2. P. K. Joy , “Total Project Management – The Indian Context”, Macmillan India Ltd.,  2011

Mode of Evaluation

Quiz, Case Study, Video Report, Project, Presentation, Written Examinations

Examination Scheme

 Components MSE Video Report Case Study/ Project/Seminars etc ESE
 Weightage (%) 10 10 20 60

MSE  – Mid Semester Examination

ESE – End Semester Examination