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Module 1: Basic Terms and Definitions: Break-Even, Expected Monetary Value (EMV) and Make-Or-Buy Decision
Module 1: Basic Terms and Definitions: Break-Even, Expected Monetary Value (EMV) and Make-Or-Buy Decision
SYLLABUS
Definition and types of project, Project engineering verses project management, Projects verses
programs, Forward and backward integrated projects, Turnkey projects, Scope of project and project
creep, Project life cycle, Project constraints, Iron-triangle of project management
Organizational structures for projects, Functional, Product and project organization, Matrix and modified
matrix structure, Responsibilities of project manager, Project risk analysis, Techniques of risk analysis -
Break-even, expected monetary value (EMV) and make-or-buy decision
Environmental considerations in project evaluation, Primary issues and secondary issues in Feasibility
study, Social cost benefit analysis, Project appraisal (Technical, economic, financial, management)
Network modeling of a project, Activity on Arc (AOA) verses Activity on Node (AON), Rules for network
drawing, Numbering (Fulkerson’s rule), skip numbering, Forward and backward pass computation,
Critical paths, floats and slack, Numerical examples
Project Scheduling Techniques, Bar charts, Program-progress chart, PERT, CPM Models, Crashing of
project time, Line of balance, Time-Cost Trade-off in a project, Numerical problems, Project Monitoring
Techniques, Resource Leveling