Elective Course IIM Udaipur

Course name : Project Management

Credit 1 Faculty Dr. Vanita Bhoola Sessions 20 Group work - 4

Course Introduction:
Project Management provides an overview of the project management process. It
emphasizes project definition, identification of project scope, project life cycle and
project planning. Project Management uses case studies to examine best practices
and common project management pitfalls.
The overall Program Objective is to provide:

• Specialized Knowledge – Effectively lead and manage sometimes interrelated,

complex projects in a mature manner while avoiding common project
management pitfalls.

• Broad, Integrative Knowledge – Manage project scope, risk, quality, and

performance metrics while effectively communicating with all project
stakeholders.

• Intellectual Skills – Develop the critical-thinking, problem-solving, and

communication skills necessary to lead projects in a complex and dynamic
project environment.
Broad topic coverage

• Project Selection Techniques – Financial and Non-Financial Techniques

Tools for project portfolio selection and management are a widely recognized need
in several sectors such as engineering, construction, and software development.
They are also used in the public sector, in government, health care, and the
military. The strategy allows flexibility in the selection of the methods to suit the
culture and environment of the particular organization. It is a three stage
approach which includes in the first or Pre-Process stage, before project
considerations begin, the choice of models and model structures suitable to the
organizational environment.

• Project Scope Management

Offers insight into how projects are defined, evaluated, and ultimately translated
into manageable project requirements and concrete deliverables. By learning how
to identify stakeholder needs and convert those needs into viable, measurable
project scope documentation, a project manager can successfully manage not only
a project’s scope but also make informed recommendations when trade-offs
between project scope, cost, and schedule become necessary.

• Project Scheduling, Resource management and Cost Planning

Builds on the project schedule to explore cost estimation methods, break-even
analysis, and earned value management. Studies effective tools and techniques
that can allow project managers to translate specifications to realistic project
plans that lead to a resource-loaded schedule and baseline budget. These tools
and techniques can be used to minimize bottlenecks and downtime, identify and
plan for resource needs, develop contingencies, and manage risk and scope creep.
Topics include schedule development, cost estimating, and cost and schedule
management through earned value management. A well-thought-out and
wellmanaged schedule is critical to successful project management and is integral
to the efficient management of project costs. Offers students an opportunity to
learn to manage the project budget, revise cost estimates, and develop confidence
levels.  Project Risk Management
1
 Elective Course IIM Udaipur
Course name : Project Management

Credit 1 Faculty Dr. Vanita Bhoola Sessions 20 Group work - 4

Examines quantitative techniques for risk assessment and decision making, as

well as the steps and elements of a risk management plan, including the ongoing
monitoring of risk factors. The accurate identification of risks, and understanding
of how to account for the potential impact of risks, can greatly impact the
likelihood of project success.

• Fundamental of Agile Project Management

Provides an overview of the fundamentals of agile project management. Topics include agile
vs.
traditional approaches, the agile manifesto, and the development of agile as a value-added
business practice. Introduces key agile project management practices, including
communication management planning and risk-management planning. Reviews agile-specific
practices and method tailoring from an application perspective. Investigates agile project
management tools.

Prescribed text:
1) Contemporary Project Management, 4th edition, Kloppenborg
2) Project Management: The Managerial Process, by Erik Larson and Clifford Gray,
Gautam V
Desai, 6th edition

Pedagogy:

1) Case study / Case let (Industry specific developed by faculty)

2) Tools (Ms Project / Project Plan 365) – Hands on
3) Group Assignments
4) Virtual Lectures
5) Insights from Industry experts – Service and EPC projects

Suggested Readings

Chapter I: Modern Project Management

Chapter II: Organization Strategy and Project
Selection Chapter IV: Defining the Project
Chapter VI: Developing a Project Plan
Chapter VII:
Managing Risk
Chapter X: Leadership
Chapter XIII: Monitoring
Progress
Chapter XI: Project Risk Management, PMBOK(R) Guide, 5ed.

Session Details

Session Theme/ Topic/ Coverage Activity

2
 Elective Course IIM Udaipur
Course name : Project Management

Credit 1 Faculty Dr. Vanita Bhoola Sessions 20 Group work - 4

1.
Introduction to project management
Overview of Project, Operations
Difference between product and project lifecycle

2. Linking Organization Strategy strengths and weakness to

Project strengths and weakness. Case let
SWOT analysis for Projects (In Class discussion and
assignment)
3 Value Driven Project Management
Project Selection Techniques
Need for Project Management / Develop Charter for Improvisation Project
Project Application Based
Reading from Text Book
Part 1 – Chapter 1 – Introduction to Project Management Part 1 – Chapter 3 –
Chartering Projects

4, 5 Identifying Stakeholders, Communication Tools, Application Exercises 5

Stakeholders Risks

Reading from Textbook

Part 2 – Chapter 6
6, 7 Understanding the concept of Scoping Project and Application Exercises
Requirement techniques

Reading from Textbook

Part 3 - Chapter 7

Preparing Scope Statements and Work Breakdown Application Exercises

8, 9
Structure

Reading from Textbook

Part 3 – Chapter 7

Hands-On
10, 11, Preparing Schedule Using Ms Project (Schedule
12, 13, Management, Resource Management and Cost Case study
Estimation)

Reading from Textbook

Part 3 – Chapter 8, 9

Project risk management process;

Hands-On
14 Identifying risks;
Risk Case study
3
 Elective Course IIM Udaipur
Course name : Project Management

Credit 1 Faculty Dr. Vanita Bhoola Sessions 20 Group work - 4

Assessment;
Risk Register.

Reading from Textbook

Part 3 – Chapter
11

15, 16 Group Work

Presentation
(Presentation by participants on topics given –
Supply Chain PM, Agile PM, Critical Chain Scheduling etc..)
17, 18 Group Work
Presentation
(Presentation by participants on topics given –
Supply Chain PM, Agile PM, Critical Chain Scheduling etc..)
19
Industry Experts – Setup a PMO /Benefit Measurement Expert Speak
Plan
Live Exercises
20 Linking between Project Management and Product Expert Speak
Management Live Exercises

Learning Outcome
At the end of the course participants will be able to:.
1. Capture and relate to knowledge areas and process groups;
2. Gain understanding of projects to organizational goals and strategies;
3. Appreciate best practices and their importance on Project Management;
4. Being able to manage scope and knowhow of the process to implement;
5. Develop plans with relevant people to achieve project goals;
6. Understand work breakdown into tasks and determine handover procedures;
7. Identify links and dependencies, and schedule to achieve deliverables;
8. Allocate roles with clear lines of responsibility and accountability;
9. Allocate tasks that are realistic and equitable and accommodate other
workloads;
10. Gain understanding of Qualitative Risk Management, preparation of Risk
Register, probability and impact matrix;
11. Understand importance of detailed planning and meticulous project execution;
12. Create effective Work Breakdown Structure to capture project scope and
scheduling and sequencing of activities;

Evaluation for the course

4
 Elective Course IIM Udaipur
Course name : Project Management

Credit 1 Faculty Dr. Vanita Bhoola Sessions 20 Group work - 4

Component Percentage Type

Improvement Project based on Application of learning 40% Group
Class Presentation (Topics provided by faculty) 30% Group
End Term 40% Individual