BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI

WORK INTEGRATED LEARNING PROGRAMMES

Digital

Part A: Content Design

Course Title PROJECT MANAGEMENT
Course No AE ZG523/ DE ZG523/ ES ZG523/ MM ZG523/ POM ZG523
Credit Units 4
Credit Model 1-1-2
Content Author M K HAMIRWASIA, ARUN MAITY, G. Muthukumar

Course Objectives (CO)

CO-1 To introduce modern concepts in managing projects

CO-2 To introduce methods of doing market, technical and financial analyses for the selection and
prioritization of projects

CO-3 To Introduce techniques of project planning, scheduling and managing risks, and allocation
of responsibilities

Textbook (T)
T-1 Clifford F Gray, Erik W Larson, Gautam V Desai. Project Management. Sixth edition. McGraw
Hill Education (India) Private Limited. New Delhi. 2015.
T-2 Prasanna Chandra. Projects: Planning, Analysis, Selection, Financing, Implementation &
Review. Eighth edition. McGraw Hill Education (India) Private Limited. New Delhi. 2014.

Reference Books
R-1 Kerzner Harold. Project Management. Tenth edition. Wiley. 2013.

Content Structure

1. Modern Project Management

1.1. What is a Project?
1.2. The Project Life Cycle
1.3. The Project Manager
1.4. Drivers of Project Management
1.5. Project Governance

2. Organization Strategy and Project Selection

2.1. Strategic Management Process
2.2. A Portfolio Management System
2.3. Selection Criteria
2.4. Applying a Selection Model
2.5. Managing the Portfolio System

3. Market and Demand Analysis

3.1. Situational Analysis and Specification of Objectives
 3.2. Collection of Secondary Information, Conduct of Market Survey
3.3. Demand Forecasting
3.4. Marketing Plan

4. Technical Analysis
4.1. Manufacturing Process / Technology, Technical Arrangements
4.2. Material Inputs and Utilities
4.3. Product Mix
4.4. Plant Capacity, Location and Site, Machineries and Equipment
4.5. Structures and Civil Works
4.6. Environmental Aspects
4.7. Project Charts and layouts

5. Financial Estimates and Projections

5.1. Cost of Project, Means of Finance
5.2. Estimates of Sales and Production
5.3. Cost of Production
5.4. Working Capital Requirement and Financing
5.5. Profitability Projections
5.6. Projected Cash Flow Statement
5.7. Multi-year projections, Financial Modeling Using Spreadsheet

6. Time Value of Money

6.1. Future Value of a Single Amount
6.2. Present Value of a Single Amount

7. Investment Criteria
7.1. Net Present Value
7.2. Benefit-Cost ratio
7.3. Internal Rate of Return
7.4. Payback Period

8. Project Cash Flows

8.1. Elements of Cash Flow Stream, Basic Principles of Cash Flow Estimation
8.2. Cash Flow Illustrations

9. The Cost of Capital

9.1. Cost of Debt and Preference
9.2. Cost of Equity
9.3. Weighted Average Cost of Capital

10. Organization: Structure and Culture

10.1. Project Management Structures
10.2. Organization Culture

11. Defining the Project

11.1. Project Scope, Priorities, Work Breakdown Structure, Integrating WBS, Coding WBS
11.2. Process Breakdown Structure
11.3. Responsibility Matrices, Project Communication Plan

12. Developing a Project Plan

12.1. Constructing a Project Network, AON (and AOA) Diagram, Network Computation Process
12.2. PERT Calculations, Project Activity Times, Probability of Completion
13. Scheduling Resources and Costs
13.1. Types of Resource Constraints
13.2. Resource Loading
13.3. Resource Leveling
13.4. Resource Allocation
13.5. Heuristics
13.6. Limited Resources
13.7. Multiple Project Resource Schedules
13.8. Multi-Project Environment
13.9. Time Phased Budget Baseline

14. Reducing Project Duration

14.1. Reducing Project Duration
14.2. Options for Accelerating Project Completion
14.3. Project Cost – Duration Graphs & Optimization
14.4. Direct and Indirect Costs
14.5. Crash Times
14.6. Decisions on Time and Cost Reductions
14.7. Time Reduction
14.8. Cost Reduction

15. Estimating Project Times and Costs

15.1. Factors influencing Quality of Estimates
15.2. Estimating Guidelines for Times, Costs and Resources
15.3. Top-Down versus Bottom-Up Estimating
15.4. Methods for Estimating Project Times and Costs
15.5. Types of Costs, Refining Estimates

16. Progress and Performance Measurement and Evaluation

16.1. Structure of Project Monitoring and Information Systems
16.2. Project Control Process
16.3. Monitoring Time Performance
16.4. Development of Earned Value Cost/Schedule System
16.5. Developing Status Reports
16.6. Earned Value Analysis
16.7. Indices to Monitor Progress
16.8. Forecasting Final Project Cost

17. Project Risk Management

17.1. Risk Management Process
17.2. Contingency Planning
17.3. Handling Risks
17.4. Contingency Funds and Time Buffers
17.5. Change Control Management

18. Outsourcing: Managing Inter-organizational Relations

18.1. Outsourcing Project Work
18.2. Art of Negotiating
18.3. Contract Management

19. Project Closure

19.1. Types of Project Closure
19.2. Wrap-up Closure Procedure
19.3. Post Implementation Evaluation
 20. International Projects
20.1. Environment Factors
20.2. Project Site Selection
20.3. Cross-Cultural Considerations
20.4. Selection and Training for International Projects

Learning Outcomes:

LO-1 The student will be able to apply modern management concepts and principles of project
management in project as well as non-project driven organizations

L0-2 The students will be able to perform required technical and market analysis for new projects

L0-3 The student will be able to prepare projected cash flow statement and balance sheet

L0-4 The student will be able to plan and schedule activities of projects, assign responsibilities and
communication plans

LO-5 The student will be able to Identify Project Risks and prepare contingency plans

Experiential Learning Component:

CESIM Simulation : Student has to understand the case study given in CESIM related to resource allocation, explore
the various features and carry out simulation.

Project Management Software: A brief description will be given to students on the various features of Project
Management software.
 Part B: Learning Plan

Academic Term FIRST SEMESTER 2024-2025

Course Title PROJECT MANAGEMENT
Course No AE ZG523/ DE ZG523/ ES ZG523/ MM ZG523 /POM ZG523
Lead Instructor M K HAMIRWASIA, ARUN MAITY, G. Muthukumar

Session-1
Type Content Reference Topic Title Study/HW Resource Reference
Pre CH
1.1 to 1.5
During CH Modern Project Management T1: Chapter-1
1.1 to 1.5 T1: Chapter-1 Review questions and
Post CH Modern Project Management Exercises

Session-2
Organization Strategy and Project
Pre CH 2.1 to 2.5 Selection Read T1: Chapter-2
Organization Strategy and Project
During CH 2.1 to 2.5 Selection T1: Chapter-2
Organization Strategy and Project
Post CH 2.1 to 2.5 Selection T1: Chapter-2 Questions and Exercises

Session-3
Pre CH 3.1 to 3.4 Market and Demand Analysis Read T2: Chapter-4
During CH 3.1 to 3.4 Market and Demand Analysis T2: Chapter-4
Post CH 3.1 to 3.4 Market and Demand Analysis T2: Chapter-4 Questions and Problems

Session-4
4.1 to 4.7 Technical Analysis
Pre CH 5.1 to 5.7 Financial Estimates and Projections Read T2: Chapter-5 & 6
4.1 to 4.7 Technical Analysis
During CH 5.1 To 5.7 Financial Estimates and Projections T2: Chapter-5 & 6
4.1 to 4.7 Technical Analysis T2: Chapter-5 & 6 Questions and
Post CH 5.1 to 5.7 Financial Estimates and Projections Problems

Session-5
6.1 to 6.2 Time Value of Money, Investment
Pre CH 7.1 to 7.4 Criteria Read T2: Chapter-7 & 8
6.1 to 6.2 Time Value of Money, Investment
During CH 7.1 to 7.4 Criteria T2: Chapter-7
6.1 to 6.2 Time Value of Money, Investment T2: Chapter 7 & 8 Questions and
Post CH 7.1 to 7.4 Criteria Problems

Session-6
8.1 to 8.3 Project Cash Flows
Pre CH 9.1 to 9.3 The Cost of Capital Read T2: Chapter-9 & 10
8.1 to 8.3 Project Cash Flows
During CH 9.1 to 9.3 The Cost of Capital T2: Chapter-9
8.1 to 8.3 Project Cash Flows T2: Chapter 9 & 10 Questions and
Post CH 9.1 to 9.3 The Cost of Capital Problems
Session-7
Pre CH 10.1 to 10.2 Organization: Structure and Culture Read T1: Chapter-3
During CH 10.1 to 10.2 Organization: Structure and Culture T1: Chapter-3
T1: Chapter-3 Review questions and
Post CH 10.1 to 10.2 Organization: Structure and Culture Exercises

Session-8
Pre CH 11.1 to 11.3 Defining the Project Read T1: Chapter-4
During CH 11.1 to 11.3 Defining the Project T1: Chapter-4
T1: Chapter-4 Review questions and
Post CH 11.1 to 11.3 Defining the Project Exercises

Session-9
Pre CH 12.1 Developing a Project Plan Read T1: Chapter-6
During CH 12.1 Developing a Project Plan T1: Chapter-6
T1: Chapter-6 Review questions and
Post CH 12.1 Developing a Project Plan Exercises

Session-10
12.2 PERT Calculations
Pre CH 13.1 to 13.9 Scheduling Resources and Costs Read T1: Appendix-7.1 and Chapter-8
12.2 PERT Calculations
During CH 13.1 to 13.9 Scheduling Resources and Costs T1: Appendix-7.1 and Chapter-8
12.2 PERT Calculations T1: Appendix-7.1 and Chapter-8
Post CH 13.1 to 13.9 Scheduling Resources and Costs Review questions and Exercises

Session-11
14.1 to 14.8 Reducing Project Duration Estimating
Pre CH 15.1 to 15.5 Project Times and Costs Read Chapter-9 and 5
14.1 to 14.8 Reducing Project Duration Estimating
During CH 15.1 to 15.5 Project Times and Costs Chapter-9 and 5
14.1 to 14.8 Reducing Project Duration Estimating Chapter-9 and 5 Review questions and
Post CH 15.1 to 15.5 Project Times and Costs Exercises

Session-12
Progress and Performance
Pre CH 16.1 to 16.8 Measurement and Evaluation Read T1: Chapter-13
Progress and Performance
During CH 16.1 to 16.8 Measurement and Evaluation T1: Chapter-13
Progress and Performance T1: Chapter13 Review questions and
Post CH 16.1 to 16.8 Measurement and Evaluation Exercises
Session-13
Pre CH 17.1 to 17.5 Managing Risk Read T1: Chapter-7
During CH 17.1 to 17.5 Managing Risk T1: Chapter-7
T1: Chapter-7 Review questions and
Post CH 17.1 to 17.5 Managing Risk Exercises

Session-14
Pre CH 18.1 to 18.3 Outsourcing & Contract Management Read T1: Chapter-12
During CH 18.1 to 18.3 Outsourcing & Contract Management T1: Chapter-12
T1: Chapter-12 Review questions and
Post CH 18.1 to 18.3 Outsourcing & Contract Management Exercises

Session-15
Pre CH 19.1 to 19.3 Project Closure Read T1: Chapter-14
During CH 19.1 to 19.3 Project Closure T1: Chapter-14
T1: Chapter-14 Review questions and
Post CH 19.1 to 19.3 Project Closure Exercises

Session-16
20.1 to 20.4 International Projects
Pre CH Read T1: Chapter-15
20.1 to 20.4 International Projects
During CH T1: Chapter-15
20.1 to 20.4 International Projects T1: Chapter 15- Review questions and
Post CH Exercises

Evaluation Scheme:
Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session
No Name Type Duration Weight Day, Date, Session, Time
EC-1 Quiz-I Online - 5% September 1-10, 2024
Quiz-II Online - 5% October 10-20, 2024
Situated Learning Online - 10%
November 1-10, 2024
Assignment
Experiential Learning Simulation 15% To be announced
EC-2 Mid-Semester Test Closed Book 2 hours 30% Saturday, 21/09/2024 (AN)
EC-3 Comprehensive Exam Open Book 2 ½ hours 35% Saturday, 30/11/2024 (AN)

Syllabus for Mid-Semester Test (Closed Book): Topics covered till Lecture Session 9
Syllabus for Comprehensive Exam (Open Book): All topics.
Important links and information:

Elearn portal: https://elearn.bits-pilani.ac.in

Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest
announcements and deadlines.

Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn portal.

Evaluation Guidelines:
1. EC-1 consists of either two Assignments and three Quizzes. Students will attempt them through the
course pages on the Elearn portal. Announcements will be made on the portal, in a timely manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is
permitted. However, loose sheets of paper will not be allowed. Use of calculators is permitted in all
exams. Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student should
follow the procedure to apply for the Make-Up Test/Exam which will be made available on the Elearn
portal. The Make-Up Test/Exam will be conducted only at selected exam centres on the dates to be
announced later.
It shall be the responsibility of the individual student to be regular in maintaining the self study schedule as
given in the course handout, attend the online lectures, and take all the prescribed evaluation components such
as Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the evaluation scheme
provided in the handout.