Executive P G Diploma in Management- Batch JAN – APL : 2017

Subject Outline: IPM - INTRODUCTION TO PROJECT MANAGEMENT

Subject Name : INTRODUCTION TO PROJECT MANAGEMENT
SUBJECT CODE : MGT471
SUBJECT CREDITS : THREE
INSTRUCTOR :
SUMMARY AND OVERVIEW OF SUBJECT CONTENT:
 The present day skills expected from Managers, in addition to
Planning and organizing related skills, include PROJECT
MANAGEMENT SKILLS as well . Managers are expected to lead
and execute successfully several Management improvement
Projects in the organization, which forms the CORE STRATEGY of
the enterprise.

 Project Management is an ancient subject yet less widely

understood and mastered. Various studies show the financial
loss due to cost overruns and schedule overruns are immense.
The opportunity cost due to inadequate skills in project
execution is seldom determined. Historically various projects
have been carried out by all civilizations, whether they called it a
project or otherwise. By its very historical nature, each region
has developed its own approach to project execution. Pyramids
 of Egypt, Great Wall of China, Taj Mahal at Agra stand testimony
to man’s ability in executing projects.
 In this context PROJECT MANAGEMENT has gained importance.
TODAY EVERY COMPANY NEEDS ESSENTIAL SKILLS ON PROJECT
MANAGEMENT WHICH INCLUDES ENTERPRISES, GOVERNMENT,
DEFENSE, AND CIVIL SOCIETY. There are global institutes which
are set up to impart knowledge and skills on Project
management such as PMI, IPMA, PRINCE 2
 Each Year PMI ( Project management Institute ) gathers from
ALL ITS MEMBERS their current profile , salary, growth, etc since
their certification and undertaking Project Management ROLE.
PMI has published a data that OVER 20 % MORE SALARY AND
GROWTH IS OBSERVED IN PROJECT MANAGEMENT PROFESSION
AS COMPARED TO OTHERS.

COURSE CARRICULAM AIM :

1. The objective of this COURSE CARRICULAM is to introduce students to

fundamental concepts & essential SKILLS in Project Management.
2. The course will familiarize the students with various FUNCTIONS &
PROCESSES in Project Management as recommended by PMI / PMBOK -USA
as per PMBOK VERSION 5.
3. The course will assist in making students understand when and how various
project management processes are implemented taking examples form case
studies from leading Organizations.
4. Overall the foundation concepts help students to take up suitable PM
certification conducted by Professional certification institutions and also
take part Confidently in their Company’s Projects as required.

CORE LEARNING OUTCOMES ON COMPLETION OF THE COURSE:

  Be able to define a Project and recognize your role as a Project Manager
 Be able to understand various processes of project management BASED
ON PMI & PMBOK STANDARDS.
 Explain the importance of implementing various project management
processes/ functions as recommended by PMI/ PMBOK 5
 Be able to take Confidently suitable ROLE in your Organization in
Managing Projects
 Understand and appreciate Project Management professional ethics and
responsibilities and understand importance PROJECT AUDIT.

APPROACH TO LEARNING DURING COURSE :

 The program will commence with a clear understanding that each student
already has basic understanding of the subject. It is our collective
endeavor to bring all our understanding into a standard framework
mostly adhering to PMI Framework.

 Sessions will be highly interactive deriving CURRENT real life scenarios

from the students and mapping them to project management concepts
and processes.

 Case Studies will be discussed to transform theoretical knowledge into

conceptual understanding. CASE STUDY WILL BE CIRCULATED FOR DISCUSSION IN
CLASS / ON LINE OR E MAIL & WILL CARRY BONUS MARKS IN
ASSIGNMENTS/EXAMINATION.
 Each student is encouraged to make a presentation from their own work
area and a congenial debate is supported.

 Guidance is provided to students at each phase of their PROJECT WORK to

help them not just complete the project work but also understand the
concepts well.
  The overall aim of PROJECT WORK is to provide CONFIDENCE to both
students and their superiors in COMPANY on useful Management
Techniques learned by Student in course.

STUDENT ASSESSMENT CRITERIA:

Students will be tested on both their understanding of project

management concepts and application project management
processes by the following methods:
 Interactions in the class
 Participation in Case Study discussions
 Presentation of Case Study
 Submission of assignments ( CARRIES 40 MARKS )
 Written tests OBJECTIVE AND DESCRIPTIVE QUESTIONS (CARRIES
60 MARKS FOR OBJECTIVE & 40 FOR DESCRIPIVE QUESTIONS)
 Project Work

Outline Teaching Schedule

Session Session Topics

Session FUNDAMENTAL CONCEPTS OF PROJECT MANAGEMENT & ITS

1 IMPORTANCE
Definition of project and project management, the project focused
firm /Project Initiation steps / Strategic importance of PROJECT
Project management concepts-scope, time, cost, quality, resource,
risk, communication, change management
Project phases, project life cycle (PLC)
Project stakeholders: organization, management, and leadership
Project management methodologies/frameworks
Session PROJECT MANAGER ROLES & RESPONSIBILITIES
2 Project role, technical role, business role, marketing role
Project manager skills: leadership skills, management skills, and
communication skills
Team structure in project management, effective team organization
Team and stakeholders management, change management, conflict
resolution
Session PROJECT ORGANISATION AND FUNCTIONS-PMI /PMBOK CONCEPTS
3 Managing application of project integrative processes; managing all
project management functions, implementing project management
activities through the project life cycle and coordinating internal
(project) and external environments, PMI/PMBOK 5/ Processes
Project status and performance reporting plan
Session PROJECT INITIATION & STAKE HOLDER ANALYSIS
4 Initiating projects: stakeholder analysis: defining requirements and
success measures
Specifying the project: defining project scope and boundaries;
defining results, deliverables and outcomes; scope controls
Project charter, scope of work statement, project organization
Project feasibility study, project appraisal
Session PROJECT MANAGEMENT PROFESSIONAL ETHICS
5 Ethical issues in project management, conflict of interest disclosure
Compliance of government and organization policies, rules and
regulations
Project closure: scope verification, payment reconciliation, lesson
learnt, contract closure and project closure, finalize reporting
Session ROLE OF IT AND KM ( KNOWLEDGE MANAGEMENT ) IN PROJECTS
6 Concepts of IT / Software as Oracle Primavera/ SAP Project Systems

Knowledge Management and its role in Project Management

Success
Recommended Resources
Essential Textbook
Project Management: A Managerial Approach by - Jack R Meredith,
9th Edition – Wiley 2015

Reference Books:

 A Guide to Project Management Body of Knowledge, FIFTH Edition, PMI,

USA. 2013.
 IPMA Competence Baseline for Project Management, IPMA Switzerland
 PRINCE 2 – OPEN COURSE WARE IN PROJECT MANAGEMENT

Journals:

1. Project Management Journal, PMI

2. International Journal of Project Management, www.sciiencedirect.com