IPS Academy, IBMR, Indore

Lesson Plan
Subject: Project Management Session: Jul-Dec

Class: MBA- III Sem

I: Course Objectives: To develop understanding of project planning. To develop ability to

monitor and control projects and risk involved. To become familiar with tools and techniques
used in managing projects.

II: Examination: Student shall be evaluated on two components: 20 internal and 80 end semester
examination.

These will be 20 marks for internal evaluation, three internal evaluations will be conducted out
of which two will be written test and third will be assignment/ presentation/quiz/ class
participation. Best two out of 3evaluation will be considered as internal marks.

The semester examination carrying 80 marks will have two sections A and B. Section A worth
20 marks will consist of four theory questions out of which students will be required to attempt
any two questions. Section B, worth 60 marks will have six numerical/practical problems out of
which a student will be required to attempt any four questions.

Note: Relevant Case Studies (at least two cases per unit) will be discussed compulsorily.

III: Course Outcomes (CO):

CO1 Understand the Concepts of Project management at the individual, team and
organizational level and also understand the Team-building skills required to
support successful performance.
CO2 Apply practical applications of project management to formulate strategies
allowing organizations to achieve strategic goals and give a perspective of
leadership effectiveness in organizations.
CO3 Learn to develop a project scope while considering factors such as customer
requirements and internal/external goals.
CO4 Develop Critical-thinking and analytical decision-making capabilities to investigate
complex business problems to propose project-based solutions

IV: PO-CO Mapping: HIGH-3, MEDIUM-2, LOW-1

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MBA – III Sem
Subject: Project Management
 IPS Academy, IBMR, Indore

PO 1 PO 2 PO 3 PO 4 PO 5 PO 6
CO 1 3
CO 2 2 2
CO 3 1 1 1
CO 4 1 3

V: Session Plan:

Lecture
Unit No. Topic Sub-topic Reference
No.
Introduction to Project B.N-3,5
1
Management, Concepts
Basics of Project Characteristics and types of B.N-3,5
2 1 Management projects, project life cycle and its
phases
project organization B.N-3,5
3
CO: 1
LO: Understand the meaning of project management and to understand the importance of project
management as it effects strategy and business success.
Project identification, Market B.N-1,8
4
&Demand analysis
market survey, market planning, B.N-1,5
5
Project market environment
2 identification and demand forecasting techniques B.N-1,5
6 Formulation (Survey methods & Trend
analysis)
Technical analysis and technology B.N-1,5
7
selection
CO: 2
LO: 1. Understand the methods of project selection and importance of strategic planning, of priority
setting.2. Understand project prioritization methods and scoring models and project
forecasting.
Financial feasibility, determinants B.N-2,5
8
of cost of project
Project financing and deciding B.N-2,5
9
optimum capital structure
3 Financial Analysis
B.N-2,5
10 Cash flows from project and
owner’s perspective.
11 Project Appraisal B.N-2,5

A1: Importance of Feasibility study in Current Scenario.

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MBA – III Sem
Subject: Project Management
 IPS Academy, IBMR, Indore

CO: 2& 3
LO: 1. Adapt the Concept of Feasibility Analysis
2.understand various types of costs
3. understand the relationship between costs and schedules / the need for time-based estimates
4.Understand estimates of times and costs which is fundamental to project success
Financial feasibility with risk.
12 B.N-2,6
Types of risk
Project risk techniques of risk evaluation and
13 B.N-2,6
4 its mitigation
management
Sensitivity analysis, Hiller’s
14 B.N-2,6
model
15 scenario analysis, simulation B.N-2,6
CO: 3 &4
LO: 1. Understand the concept of risk and how risk differs from planned activities
2.Describe the different models of Sensitivity Analysis
Network analysis, construction of B.N-5,7
16
networks
17 CPM B.N-5,7
5 Network Analysis various types of floats and their B.N-5,7
18
application
19 PERT and its applications B.N-5,7
20 Practical Problems PERT B.N-5,7
Class Test based on University Examination Pattern
CO: 2 &4
LO:To understand the use and nature of a CPM and be able to define tasks, predecessors, and
successors.
2.To be familiar with project control mechanisms such as GANTT charts and networks
21 Time cost relationship B.N-1,7
Crashing for optimum cost and
22 B.N-1,7
optimum time.
6 Project cost control
23 Practical Problems B.N-1,7
24 Practical Problems B.N-8,7
25 Resource leveling B.N-8,7
CO: 4
LO: understand the relationship between costs and schedules / the need for time based estimates also
be able to compute early start / finish and late start/finish and critical paths and introduce the concept
of slack and of crashing.
26 7 Social Cost Benefit Concept and significance of B.N-5,6
Analysis SCBA

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MBA – III Sem
Subject: Project Management
 IPS Academy, IBMR, Indore

Approach to SCBA- UNIDO

27 B.N-5,6
approach
28 shadow pricing of resource B.N-5,6

29 LM approach B.N-5,6

CO: 2, 3 & 4

LO: ensure that all understand where and why project management and project leadership are
different and where human aspect of project management is required.

Project close-out, termination, and

30 B.N-2,7
follow-up

31 8 Project termination PMIS B.N-2,7

Introduction to project software
32 B.N-2,7
and applications of MS Project.
A2: Why SCBA is important for Project evaluation
CO: 4
LO: 1.Understand the values of a project oversight function and practice within a company’s
management structure.
2.Understand what an audit is, what its constituent parts are, and how an audit is best conducted
and the project closure process.

Note: Apart from the mentioned lecture schedule faculty members compulsorily have to take 08
to 10 lectures on any of the topic related to the subject.

VI: Book Reference:

1. Prasanna Chandra, Projects 6th edition, TMH publications
2. Vasant Desai, project management -Himalaya publication house.
3. Gido Effective Project Management 3rd 2008 Cengage Learning
4. Gray & Larson, Project Management: The Managerial Process, 3e TMH 2010
5. Narendra Singh, project management and control, HPH.
6. Maylor-Project Management 3/e, Pearson,2010
7. R.B. Khanna, Project Management, PHI publication.
8. Gopalakrishnan - Textbook of Project Management,2005 - Macmillan Publishers
9. Rajiv M. Gupta, Project Management, PHI publication.

VII: Note:
1. There will be two major group assignments; group size will be of 3 or 4 students. Each
group will be given separate topic of assignment. Each assignment carries 3 marks.

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MBA – III Sem
Subject: Project Management
 IPS Academy, IBMR, Indore

2. There will Group presentation of 30 minutes.

3. Class performance and discipline will be an important factor for assessing internal marks.
4. The result of each tests/assignment will be declared within one week.
5. If any student does not submit assignment on time, half marks credit will be given after
submission of the assignment.
6. Attendance will be a multiplying factor as per given in academic plan.

VIII Rubric for Internal Assessment Project Management

Subject: Project Management
MBA III Sem
Goal: Students will be able to demonstrate analytical and critical-thinking skills in the context of
organizational decision making.

Objective: To develop understanding of project planning. To develop ability to monitor and

control projects and risk involved. To become familiar with tools and techniques used in
managing projects.

16-20 Marks 11-15 Marks 06-10 Marks 00-05 Marks

__Students __Students __Students __Students
Outstanding Accomplished Meets the Criteria Need Improvement
% Can implement % Accurately described  % described less  % Content is
project management most of the outcomes  than half of the outco unclear, inaccurate,
knowledge, and expectations for  mes and expectations  and/or incomplete;
processes, lifecycle the project, project  for  the subject Knowledge about
and the embodied initiation tools/templates Learned some project  subject is weak or
concepts, tools and , but some were  concepts, but few were  poorly gained.
techniques in order to completed incorrectly missing
achieve project
success.

IX: Scheme of internal marks:

Final
Internal
Total
Class Participation Internal Assessment Marks Out
100
of 20
Quiz
Presentation Assignment VIVA Internal
Out of
Out of 20 Out of 20 Out of 20 Out of 20
20

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MBA – III Sem
Subject: Project Management