Programme Content
Topics Covered:
Project Lifecycle
Current drivers of Project Management
Project Governance
Project Management Processes and their classification
Project Integration Management
Learning Objective: Understand the foundational principles, lifecycle, and governance of projects; Familiarise with key project integration processes
Topics Covered:
Strategic Management Process
Project Portfolio Management
Financial Models to evaluate project feasibility
Managing the Portfolio system
Project Management Structure, Organisation Culture
Learning Objective: Learn to align project management with organisational strategy; Apply portfolio and financial models for project selection.
Topics Covered:
Project scope and Priorities
Work Breakdown Structure (WBS) and integration
Responsibility Matrices
Estimating Project Times and Costs
Methods for estimation
Critical Path Method
Crashing in CPM
Project evaluation review technique
Monte Carlo Simulation methods in Project Management
Learning Objective: Develop project scope, WBS, and schedules; Estimate time, cost, and analyse risks using tools like CPM and Monte Carlo simulation.
Topics Covered:
Resource Scheduling Problem
Types of resource constraints
Classification of projects based on resources
Resource Allocation Methods
Benefits of Scheduling resources
Multiproject resource schedules
Developing Project Cost baseline
Learning Objective: Gain proficiency in handling resource constraints and multiproject schedules; Understand resource allocation and cost baselines.
Topics Covered:
Theory of constraints
Critical Chain solution to Project scheduling
Critical chain activity network
Critical Chain Project Portfolio Management
Learning Objective: Apply Theory of Constraints to scheduling; Implement Critical Chain methodology for improved project execution.
Topics Covered:
Cost Management basics, Cost Estimation
Creating a project budget
Top-down and Bottom-up budgeting, Activity based costing, Budget uncertainty and risk management
Risk management process, Risk Breakdown Structure, Contingency Planning, Opportunity Management, Change control Management, Risk Management Tools, Risk Mitigation Strategies
Learning Objective: Master cost estimation, budgeting methods, and risk/uncertainty management through structured budgeting and control techniques.
Topics Covered:
Basics of financial management
Options, futures and contracts, Real options, Real options in project management
Advantages of using real options in project management
Learning Objective: Apply real options thinking to enhance strategic decision-making and flexibility in project investment evaluation.
Topics Covered:
Project leadership
Managing Project Stakeholders
Social network building
Team development models
Building high performance project teams
Managing virtual project teams
Project team pitfalls
Learning Objective: Build and manage effective, high-performance, and virtual teams; Learn stakeholder and leadership engagement strategies.
Topics Covered:
Enhancing Virtual Communication through Digital Collaboration Tools
Virtual Project Team Management Strategies
Best Practices for Digital Presentations and Reporting in Projects
Global Issues in Project Management
Learning Objective: Use digital tools to enhance collaboration in distributed teams; Apply best practices for virtual project management.
Topics Covered:
The Planning-Monitoring-Controlling cycle
Monitoring Project Performance
Earned Value analysis and Indexes
Purposes of Project Control
Control of change and scope creep
Learning Objective: Learn to monitor and control project performance using tools like EVA; Understand scope change control and feedback cycles.
Topics Covered:
Traditional versus Agile methods
Steps in Agile PM
Agile PM in action: Scrum, Applying agile PM to large scale projects, Limitations
Learning Objective: Differentiate traditional and agile methods; Implement agile practices such as Scrum in real-world projects.
Topics Covered:
Transactions cost theory and the theory of firms
Outsourcing project work
Best practices in outsourcing
Managing customer relations
Contract Management -
Fixed Price contracts
Cost Plus Contracts
Contract Management Control System
Learning Objective: Understand outsourcing strategies and contract types; Manage vendor/customer relations and contract performance.
Topics Covered:
Data analytic methods in project management
Data analytics applied to Project Selection
Resource Assignment, Resource Scheduling, and Project risk management
Use Cases of Data driven decision making in project management
Learning Objective: Leverage analytics for project selection, resource planning, and risk mitigation; Apply data-based decision-making approaches.
Topics Covered:
Applications of AI and Machine Learning Techniques in Project Management
Use Cases for Machine Learning and AI for issues in project management
Impact of Digital Tools and Software on Project Efficiency (e.g., Jira, Asana)
Learning Objective: Explore AI/ML applications and digital tools for improving project efficiency and decision quality.
Topics Covered:
Project Audit
Project Audit life cycle
Audit report
Types of project closure
Wrap-up closure activities
Post-Implementation evaluation
Retrospectives
Learning Objective: Learn to conduct audits, manage project closure, and derive insights through post-implementation reviews.
