5539 Project Management

ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD
(Department of Business Administration)
PROJECT MANAGEMENT (5539/569)
CHECKLIST
SEMESTER: SPRING 2010
This packet comprises the following material:
1. Text Books (Two)

2. Course Outlines
3. Assignment No. 1, 2
4. Assignment Forms ( 2 sets )
In this packet, if you find anything missing out of the above mentioned material, please
contact at the address given below:
Mailing Officer
Services Block No. 28
Allama Iqbal Open University
H-8, Islamabad
Phone Nos. 05109057711-12
Muhammad Ayub Shaikh

Course Coordinator
ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD
(Department of Business Administration)
WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
ASSIGNMENT No. 1
Course: Project Management (5539/569) Semester: Spring 2010
Level: MBA Total Marks: 100
Pass Marks: 40
Note: Attempt all questions.
Q. 1 A successful project manager should have special traits. Critically examine these
traits with reference to a construction project. (20)
Q. 2 Why time management, communication and motivation are given more importance
in the project management environment in contrast to traditional management
environment? Describe your answers with reference to the practical project
management situation. (20)
Q. 3 A system is a group of independent but interrelated elements comprising a unified

whole. Do you think that the project consists of sub-systems? Elucidate in detail.
(20)
Q. 4 At what stage of project life cycle the project manager should be appointed?
Should the project manager be given training inside or outside the organization and
should be trained with respect to several project management functions or for
specific function? Explain with the help of example. (20)
Q. 5 The role conflict, communication problem, lack of team definition, members

commitment and senior management support are the among the key barriers that
hinders the effective team building process. What approaches can be helpful to
cope with these barriers. Assume any practical situation. (20)
ASSIGNMENT No. 2
(Total Marks: 100)
This assignment is a research-oriented activity. You are required to submit a term

paper and present the same in the classroom prior to the final examination. Presentation
component is compulsory for all students. You will have to participate in the activity
fully and prepare a paper of about 15 to 20 pages on the topic allotted to you. The
students are required to prepare two copies of Assignment No. 2. Submit one copy to
your teacher for evaluation and the second copy for presentation in the classrooms in the
2
presence of your resource persons and classmates, which will be held at the end of the
semester prior to final examination.
Include the following main headings in your report:-
a) Introduction to the topic
b) Important sub-topics
c) Practical aspects with respect to the topic
d) Review of theoretical and practical situations
e) Merits, demerits, deficiencies or strengths of the organization with respect to your topic
f) Conclusions and recommendations
g) Annex, if any
You must use transparencies, charts or any other material for effective presentation. You
are also required to select one of the following topics according to the last digit of your
roll number. For example, if your roll number is D-3427185 then you will select topic
No.5 (the last digit):-
List of Topics
0. The process of organizing and staffing the project office.
1. Conflict management in the project offices
2. Effective project management in the small business organization
3. Research and Development Project Management
4. Application of network scheduling techniques in the project management
5. The role of planning in project management
6. Application of pricing strategies in the project management
7. The role of risk management techniques in project management
8. Quality Assurance in the project management
9. The application of contracts and procurement management techniques in the project
management.
PROJECT MANAGEMENT
COURSE OUTLINES (MBA-5539/569)
UNIT-1: PROJECT MANAGEMENT GROWTH, ORGANIZING AND STAFFING
Core Concepts of Project Management and its Growth
Understanding General Systems
Historical Prospective of Project Management
The Nature and Scope of Project Management
Role of Project Manager
Systems, Programs and Projects
Differentiating Product versus Project Management
Defining Maturity and Excellent
Elements of Informal Project Management
Phases of Project Life Cycles
Project Management Methodologies
Systems thinking for the success of Project Management
Organizing and Staffing the Project Office and Team
The Organizing, Staffing and Environment
Considerations for Selecting the Project Manager
Essential Skills for Program Mangers
Selecting the Wrong Project Manager
Project Mangers of 21st Century
3
Job Descriptions and Job Specifications of Project Manager
The Organizational Staffing Process
The Project Office
The Functional Team in the Project Management Establishment
The Project Organizational Chart
Problems Influencing Organizational Staffing
Considerations for Selecting the Project Management Implementation Team
UNIT-2: CONFLICTS AND PROJECT MANAGEMENT

Conflicts in Project Environment
Objectives and Possible Causes of Conflict
The Conflict Environment
The Process and Management of Conflict Resolution
Understanding Superior, Subordinate and Functional Conflicts
Conflict Resolutions Modes
Special Topics
Performance Measurement on the Horizontal Line
Evaluation of Functional Employees
Performance Appraisals and Financial Compensation / Rewards
Project Management in Small and Mega Projects
Management of R&D Activities
Ethics obligation matrix
UNIT-3: PROJECT MANAGEMENT TOOLS

Networks Scheduling Techniques
Fundamental Concepts of Network
Defining Graphical Evaluation and Review Technique
Types of Interrelationships or Dependences
What is Slack Time?
Negative Slack and its occurrence
Network Re-planning and Restructuring PERT/CPM
Estimating Activity Time and Total Program Time
PERT/CPM Planning, with Primary and Secondary Objectives
Determining Crash Times
PERT/CPM Problem Areas
Alternative PERT/CPM Models
Difference between GERT and PERT
Difference between PERT and CPM
Precedence Networks
Defining Lag and its use
PM Software, Features and Classification
Evaluation of PM Software in terms of Performance, Quality and Versatility
Problems during Software Implementation Stage
Fundamentals of Project Graphics
Bar Chart, Other Conventional Presentation Techniques
Constructing Logic Diagrams/Networks
UNIT-4: PRICING AND ESTIMATING

Pricing and Estimating
Essentials of Pricing Strategies
Types of Estimates
Estimate during Project Life Cycle
Establishing Pricing Process
Work Break Down Structure and Activity Scheduling
4
Determining Organizational Input requirement, Labor Distributions, and
Overhead Rates
Determining, Materials, Purchased Parts, Subcontracts, Freight and Travel Costs
Pricing out the Work by Controlling Company Resources Smoothing out
Department by Eliminating the Scheduling
Fractional an hour The Pricing Review Procedure The Systems Approach to
Pricing Developing the Supporting Backup Costs Special Problems during
Pricing Process Defining and Explaining Project Risks Estimating Pitfalls
Essentials of High Risk Projects and low risk projects Applying 10 Percent
Solution and its dangers Life Cycle Costing, its Implication, Limitations and
Classification Elements of Logistics Support Defining Capital Budgeting
Techniques of Capital Budgeting
• Payback Period
• The Time Value of Money
• Net Present Value
• Internal Rate of Return Comparing IRR, NPV, and Payback
Differentiating Risk Analysis and Capital Rationing
UNIT-5: COST CONTROL

Cost Control
Defining Control System
The requirement of Effective Control System
The Operating Cycle and its Four Phases
Cost Account Codes and Work Packages
Budgets, Variance and Famed Value
Recording Material Costs using Earned Value
Measurement
Essentials of Material Accounting Criterion
Variances analysis and its usage
Status Reporting and its benefits
Problems during Cost Control
UNIT-6: PROJECT PLANNING, INTEGRATION AND EXECUTION

Planning
Planning in general and its main components
Important considerations to Identify Strategic Project
Variables
Life Cycle Phases
The Nature and Importance of Proposals for future work
Participants Roles in planning
The Role of quantitative and qualitative tools of Project
Planning
Designing Statement of Work
Understanding Project Specifications
Considerations for Milestone Schedules
The Nature and Rationale of Work Breakdown Structure
WBS Decomposition Problems
Role of the Executive in Project Selection and Planning
Understanding Planning Cycle
The need of Work Planning Authorization
The Reasons behind Project Stoppage or Failure
Handling of Project Phase-Outs and Transfers
Scheduling of Activities
Preparing Master Production Scheduling
5
Developing Program Plan
Essentials of Project Planning
What is Project Charter and Management Control
The Need of Project Manager and Line Manger Interface
The Concept of Fast Tracking
Understating the nature of Configuration Management and Procedural
Documentation
Already Established Practices, Policies and Procedures for Projects
UNIT-7: STRATEGIC PLANNING FOR EXCELLENCE IN PROJECT

MANAGEMENT
Strategic Planning for Excellence in Project Management
Influence of Economic Conditions and Corporate Culture on PM
Understanding Strategic Planning in General
Strategic Planning for Project Management
The Use and Benefits Critical Success Factors for Strategic Planning
Important factors to Achieve Success in PM
The Nature and Importance of Strategic Resources
Strategic and Portfolio Selection of Projects
The Role of Horizontal Accounting in PM
The Concept of Continuous Improvement
The Need for Establishing Project Office or Center of Excellence
Reasons for Strategic Planning Failure
Important Considerations for Organizational Restructuring
UNIT-8: MODERN DEVELOPMENTS IN PROJECT MANAGEMENT

Modern Developments in Project Management
Defining and explaining Project Management Maturity Model and its five levels
Procedural Documentation and its benefits and challenges
Establishing Project Management Methodologies
The Concept of Continuous Improvement and the Need of Capacity Planning
Defining Competence Models and its advantages
Managing Multiple Projects
End of Phase Review Meetings and its new Dimensions
UNIT-9: CONTRACTING AND PROCUREMENT IN PROJECT MANAGEMENT

Contracting and Procurement
Defining Procurement and its objectives
The essentials of Requirement, Requisition, Solicitation, and Award Cycles,
their implication and usage
Defining Contracts and its different types
The need of Incentive Contracts
Contract Type and Risk Sharing Techniques
Essentials of Contract Administration Cycle and its functions
Benefits of using Checklist
Special Considerations during Proposal-Contractual Interaction
Book Recommended:
PROJECT MANAGEMENT
A Systems Approach to Planning, Scheduling and Controlling by Harold Kerzner, PhD.
========

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What are the main topics covered in the course outline?

What are the main topics covered in the course outline?

What are some of the important considerations for project planning?

What are some of the important considerations for project planning?

ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD

(Department of Business Administration)

PROJECT MANAGEMENT (5539/569)

SEMESTER: SPRING 2010

This packet comprises the following material:

1. Text Books (Two)

Muhammad Ayub Shaikh

Q. 3 A system is a group of independent but interrelated elements comprising a unified

Q. 5 The role conflict, communication problem, lack of team definition, members

This assignment is a research-oriented activity. You are required to submit a term

UNIT-2: CONFLICTS AND PROJECT MANAGEMENT

UNIT-3: PROJECT MANAGEMENT TOOLS

UNIT-4: PRICING AND ESTIMATING

UNIT-5: COST CONTROL

UNIT-6: PROJECT PLANNING, INTEGRATION AND EXECUTION

UNIT-7: STRATEGIC PLANNING FOR EXCELLENCE IN PROJECT

UNIT-8: MODERN DEVELOPMENTS IN PROJECT MANAGEMENT

UNIT-9: CONTRACTING AND PROCUREMENT IN PROJECT MANAGEMENT

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