Project Management/MGT 105/SBS Stage 1/ Sem_1

IILM Undergraduate Business School

Course Name: Project Management

Course Code: MGT 105

Stage/Year: 1

Semester: 1

Credits: 4

Maximum Marks: 100

Module Prepared by: CA. Sapna Jain

Module Plan Discussion Date: 08 September 2022

Members Present:

Comments:

Final Submission Date:

Module Approved by:

• Dean: Dr. Neha Jain

• Academic Committee:

i. Prof. Rahul Mishra:

ii. Prof. Raju Majumdar

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 Project Management/MGT 105/SBS Stage 1/ Sem_1

IILM Undergraduate Business School

Campus: Lodhi Road

Semester: 1

Academic Year: 2022-23

Course description in brief: Projects are an essential part of any activity. All human endeavor
involves the undertaking of a Project, with time and budgetary constraints. A project is defined
as “a temporary endeavor undertaken to create a unique product, service or result.” Project
Management comprises a set of techniques which assist the manager to gauge the project in
terms of both efficiency and effectiveness. Projects may be large scale or small scale. Both types
of projects may have their own set of challenges but a certain standardization can also be seen in
terms of how it is to be implemented and monitored. This course essentially looks at the concept
of Project Management. It will also look at evaluating real life projects, example the Tejas
Project and understand the dynamics of the same.

1. General Course Information

1.1 Course Details

Course: Project Management
Code: MGT 105
Term: 1
Level: Undergraduate/Postgraduate
Credits : 3
Contact: 2 classes a week
Prerequisites: Financial Management, Business Statistics
1.2 Course Faculty
Module Leader: CA. Sapna Jain
Email: [email protected]

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 Project Management/MGT 105/SBS Stage 1/ Sem_1

Phone: 9873255704
Module Tutor: Same
1.3 Class and tutorial details:
Classes will be conducted twice a week

2. Learning Outcomes
2.1 Course Learning Outcome: By the end of this course, you/students should be able to:
1. Describe important aspects of project risk management and identify causes associated
with project success and failure
2. Discuss the reasons for project management and examine the role of the project manager
in leading the project and the project team
3. Develop cost estimates and budgets and plan the implementation of the project using
well-known project management tools and techniques
4. Carry out product control and evaluation and specify ways in which a project can be
terminated upon completion.
5. SDG – 4: Quality Education
6. SDG – 9: Industry, Innovation and Infrastructure

2.2 Course learning outcomes, program learning outcomes and assessments:

Course learning outcomes Program learning outcomes Assessments
1,2,3,4 L1, L3, L5 Quiz – 25%
1,2,3 L1, L3, L5 Mid Term – 35%
1,2,3,4 L1, L3, L5 End Term – 40%

2.3 Relationship of this course with other courses conducted in the

Same term: None
Other terms: None

3. Learning Resources
3.1 Required resources
Project Management – Meredith, Mantel and Shafer, Wiley

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Projects – Prasanna Chandra, McGraw Hill

3.2 Recommended resources

Jeffrey K. Pinto; Project Management: Achieving Competitive Advantage; Pearson, 2015 (4th
Global Edition)

A Guide to the PROJECT MANAGEMENT BODY OF KNOWLEDGE _ PMBOK Guide Sixth

Edition (PDF Drive )

3.3 Online resources

• www.pmi.org

4. Learning and Teaching Activities:

• The teaching method will basically comprise of lectures and case-lets. The emphasis will
be on teaching the course in a very practical way.
4.1 Module overview:
Session Topic to be covered Pre-readings. Learning
Activities
in Session
1-2 What is a Project? https://economictimes.indiatimes.com/new Discussion on
Characteristics of a s/defence/parliamentary-panel-criticises- the Tejas
Project long-delay-in-implementation-of-tejas- Project
programme/articleshow/80668753.cms

3-4 Challenges in Project https://hbr.org/2016/11/the-four-phases-of- Class

Management – Scope, project-management Discussion
Time and Cost
5-7 Understanding project https://www.mckinsey.com/business- Class
cash flows functions/strategy-and-corporate- Discussion
finance/our-insights/internal-rate-of-return-
a-cautionary-tale

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8-11 Project Finance Basics https://www.youtube.com/watch?v=Fw5- Problem sets

- Time Value of wccViOM Quiz 1
Money
- WACC
- Annuities
- NPV
- IRR
- Payback
Method
12-14 Project Selection Applications of NPV, IRR and other Problem sets
Criteria and Models concepts in project selection Discussion
Qualitative Selection Methods Quiz 2
15-16 Concept of Project Life https://opentextbc.ca/projectmanagement/c Discussion
Cycle hapter/chapter-3-the-project-life-cycle-
phases-project-management/
17-22 Project Scheduling https://hbr.org/1963/09/the-abcs-of-the- Discussion
1.Introduction critical-path-method Problem sets
2.WBS https://www.geeksforgeeks.org/difference- Class Activity
3. CPM between-pert-and-cpm/ - WBS
3. PERT https://www.projectcentral.com/blog/proje Quiz 3
ct-management-techniques/
23-24 Project Monitoring https://www.proofhub.com/articles/project- Class
management-challenges Discussion
25-26 Project Control https://projectcontrolsonline.com/definitio Discussion
n-and-importance-of-project-controls
https://explore.easyprojects.net/blog/what-
are-project-controls-why-are-they-so-
important-in-project-management-and-
how-to-deal-with-them
27-28 Risk Management https://www.toolshero.com/project- Discussion
management/project-risk-management/ Quiz 4

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https://www.northeastern.edu/graduate/blog
/project-risk-management/
29-30 Project Termination https://www.ntaskmanager.com/blog/proje Discussion
ct-termination-guide-for-successful-
failure-minimum-blowbacks/
https://www.sciencedirect.com/science/arti
cle/abs/pii/S0263786399000551

4.2 Session Plan:

Session 1-2: Introduction to the course

Description of the session: In this session, the student will be exposed to the concept of a project. The
class will discuss the triple constraint theory of project – scope, time and schedule. A real life example will
be taken of the Tejas Project to explain these three dimensions of a Project.

Learning Outcome: What are the characteristics of a project?

Required Reading: https://economictimes.indiatimes.com/news/defence/parliamentary-panel-

criticises-long-delay-in-implementation-of-tejas-programme/articleshow/80668753.cms

https://insightspotter.com/project-characteristics/

Project Management, Meredith, Mantel, Wiley pages 1-10

Class activity: Discussion, Question and Answer

Session 3-4: Challenges in Project Management

Description: The triple constraint theory is further expanded to explain the challenges in Project
Management. The student will also be exposed to the four phases of a project and the challenges
that are faced at each stage. The concept of ‘scope creep” and “cost creep” will be discussed with
the class.
Learning Outcomes: The Role of the Project Manager and challenges faced by him
Required Reading - https://hbr.org/2016/11/the-four-phases-of-project-management

Project Management, Meredith, Mantel, Wiley pages 11-22

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Session 5-7: Understanding Project Cash Flows

Description: Projects are subject to erratic cash flows. The project cash flows look at the various
inflows and outflows of cash pertaining to a particular project. The student will be exposed to the
concept of relevant cash flow when measuring the outcome of a project.
Learning Outcomes: Relevant Cash Flows of a Project

Required Reading: https://www.mckinsey.com/business-functions/strategy-and-corporate-

finance/our-insights/internal-rate-of-return-a-cautionary-tale

Session 8-11: Project Finance Basics

Description : Once the student has been exposed to concept of project cash flows, the next four
sessions look at how to measure the financial viability of a project using the concepts of NPV, IRR
and Payback period. The student will also be introduced to the concept of Time Value of Money
and Annuities.

Learning Outcomes: Gauging the financial viability of a project

Required Reading: Projects, Prasanna Chandra, McGraw Hill, Pages 7.2 to 8.28

Problem Set 1

Session 12-14: Project Selection Criteria and Models

Description: These two sessions look at the application of Project Finance Basics to a situation
where 2 or more projects are to be evaluated and ranked in terms of value. The student will be
exposed to different models which will assist him to choose the project with the maximum payoff.

Learning Outcomes: How to choose between alternative projects

Required Reading: Projects, Prasanna Chandra, McGraw Hill, Pages 9.1 to 9.36

Problem Set 2

Session 15-16: Project Life Cycle

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Description: Every project has a life cycle. At different stages of the project, the objective and
challenges differ for the project manager. The session will also discuss some real life examples of
projects and identify the various stages.

Learning Outcomes: The stages of a project

Desired Reading: https://opentextbc.ca/projectmanagement/chapter/chapter-3-the-project-life-

cycle-phases-project-management/

Project Management, Meredith, Mantel, Wiley pages 14

Session 17-22: Project Scheduling

Description: Scheduling is the third constraint in Project Management. A project consists of

activities and activities have precedence relationship. These set of sessions will first teach the
student to represent a project in terms of activities. It will also look at how a project can be broken
down into activities using the concept of WBS (Work Breakdown Structure). Finally, the student
will be exposed to the concept of CPM and PERT (the probabilistic model of scheduling)

Learning Outcomes: Representation of projects, Scheduling of projects

Desired Reading: https://hbr.org/1963/09/the-abcs-of-the-critical-path-method

https://www.geeksforgeeks.org/difference-between-pert-and-cpm/

https://www.projectcentral.com/blog/project-management-techniques/

Problem Set 3

Session 23-24: Project Monitoring

Discussion: A project needs to be monitored in terms of achievements versus objectives. This

session looks at some techniques which can be used in monitoring the progress of a project.

Learning Outcome: How to monitor a project in terms of objectives

Desired Readings: Project Management, Meredith, Mantel, Wiley pages 359-363

Session 25-26: Project Control

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Discussion: Monitoring is only one aspect. Project also need to be controlled in terms of
deviations. Objectives need to be reassessed and activities re-designed. This session looks at how
projects can be re-scoped.

Learning Outcome: Control of Change and Scope Creep

Desired Readings: Project Management, Meredith, Mantel, Wiley pages 370-381

https://projectcontrolsonline.com/definition-and-importance-of-project-controls

https://explore.easyprojects.net/blog/what-are-project-controls-why-are-they-so-important-in-
project-management-and-how-to-deal-with-them

Session 27-28: Project Risk Management

Discussion: As projects become increasingly dynamic, organizations need the ability to manage
the uncertainty, or risk, that come along with those changes. In project management, risk
management is the practice of identifying, evaluating, and preventing or mitigating risks to a
project that have the potential to impact the desired outcomes. Project managers are typically
responsible for overseeing the risk management process throughout the duration of a given project.
This session introduces the student to the techniques of mitigating the risks of a project.

Learning Outcome: What are the risks of a project? How can they be mitigated?

Desired Readings: Projects, Prasanna Chandra, Pages 11.1 to 11.35

Session 29-30: Project Termination

Discussion: Projects are formed for a limited period and for a specific objective. Once these
objectives are realized, the project has to be terminated. This session looks at the termination
process of a project and also the different ways in which a project can be ended.

Learning Outcome: When to terminate a project

Desired Readings: Project Management, Meredith, Mantel, Wiley pages 390-394

https://www.ntaskmanager.com/blog/project-termination-guide-for-successful-failure-minimum-
blowbacks/

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https://www.sciencedirect.com/science/article/abs/pii/S0263786399000551

5. Assessments:
5.1 Assessment summary
Assessment Item Due date Weighting Related learning
(marks/Percentage) outcome
Positive Class During Classes 25% L1, L3 & L5
Participation
through various
(Assignments/Quizzes)
quizzes
Mid term 35% L1, L3 & L5
End Term Exam 40% L1, L3 & L5

Assessment related details

• If a student is absent on the scheduled date of (internal) assessments, she/he shall be given
one more option to reappear in the same, provided the faculty is convinced that the reason
for absence is genuine. Inability to attend the reappear assessment will result in the student
being awarded zero.
• Group assessments shall not be repeated. In case a student is absent on the day of
presentation of the same, the student will be awarded zero for this component of
assessment. The faculty in such cases shall conduct a separate viva for the concerned
student and grade her/him accordingly.
• End term assessments are compulsory. Absence in end term assessments will be marked
as ‘absent’ and the result will be marked as ‘incomplete’. This is irrespective of the
student’s score in internal assessments.
5.3 Assessment details (sample details given below)
5.3.1 Component 1
Component 1: Positive Class Participation - Quizzes (Individual Assessment – 25 Marks):
3 quizzes will be conducted in sessions for 12.5 marks to assess the conceptual clarity of the
basic concepts which forms the very basis for project management.

5.3.2Component 2
Mid Term Exam: 35 marks
Closed book end-term exam will be conducted within the scheduled examination calendar after

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the end of all the sessions. The examination will consist of short and long answers based on
the concepts covered along with problem solving exercises. This examination will enable
students to gauge their overall conceptual understanding, and application ability.

5.3.3 Component 3
End term Examination: Individual Assessment - 40 marks
Closed book end-term exam will be conducted within the scheduled examination calendar after
the end of all the sessions. The examination will consist of short and long answers based on
the concepts covered along with problem solving exercises. This examination will enable
students to gauge their overall conceptual understanding, and application ability.

5.4 Assessment Feedback

Feedback on student performance from formative and summative assessment tasks will be
provided to students in a timely manner. Assessment tasks completed within the teaching period
of a course, other than a final assessment, will be assessed and students provided with feedback,
with or without a provisional result, within 10 working days of submission, under normal
circumstances. Feedback on continuous assessment tasks, if any, will be provided prior to the
midpoint of the course.

Note: Appeal of grade – students who wish to appeal their end term marks should initially discuss
their concerns with their tutor. If they are still dissatisfied, they should then make contact with the
Controller of Examination within 10 business days from the date of notification of the result. Such
a written request must contain details of the grounds on which the objection is based. Requests
must include a summary of the reasons the student believes his or her assessment work deserves a
higher mark. These reasons must be directly related to the academic quality of the work.

5.5 Quality Assurance

IILM is actively monitoring student learning and quality of the student experience in all its
programs. A random selection of completed assessment tasks may be used for quality assurance,
such as to determine the extent to which program learning goals are being achieved. The
information is required for accreditation purposes, and aggregated findings will be used to inform
changes aimed at improving the quality of Business School programs.

6. Maps:

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 Project Management/MGT 105/SBS Stage 1/ Sem_1

6.1 Assessment Map

Module Name: A1 A2 A3 A4 A5

Project Management * * *

A1- Individual assignment/quiz A2- Group assignment

A3- Open book examinations A4- Closed book examinations A5- Presentations

6.2 Teaching Map

Module Name: T1 T2 T3 T4 T5 T6

* *

T1: Lectures T2: Seminars/Tutorials T3: Projects

T4: Case Discussion T5: Guest Lectures/Industrial Visit T6: Workshop Sessions

6.3
Module Name: Program learning outcomes

Advanced Accounting L1 L2 L3 L4 L5 L6 L7 L8

Taught * * *

Assessed * * *

Covered * * *

Program Learning Outcomes:

L1- Awareness
L2- Global & Multicultural Perspectives
L3- Critical & Integrative Thinking
L4- Communication: Oral & Written
L5- Data & Information Analysis
L6- Teamwork
L7- Entrepreneurial & Innovative Thinking
L8- Responsible Leadership

7. Student feedback
The Institute places high priority on approaches to learning and teaching that enhances the
students’ experience. Feedback is sought from students in a variety of ways including on-going
engagement with faculty, the use of online questionnaires and interaction with the

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Dean/appropriate authority. This course is regularly revised and updated to reflect student
feedback.

8. Plagiarism
Please refer to the student handbook, page 30, for details.

9. Module Readings Grid

S. No. Title Topic Discussed No of Shared/
pages Isolated
Essential Readings:
1 https://insightspotter.com/project- The Characteristics of a Project, Why
Projects are Required
characteristics/

2. https://hbr.org/2016/11/the-four- The different phases of a project.

The Inherent challenges in each
phases-of-project-management phase.

3. https://hbr.org/1963/09/the-abcs- The basics of CPM

How it differs from PERT
of-the-critical-path-method

https://www.geeksforgeeks.org/dif
ference-between-pert-and-cpm/

4. https://projectcontrolsonline.com/d The Necessity of Monitoring and

efinition-and-importance-of- Controls in Project Management
project-controls
5. https://www.ntaskmanager.com/bl The method of terminating projects

og/project-termination-guide-for-
successful-failure-minimum-
blowbacks/

10. Student Responsibilities and Conduct

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Students are expected to be familiar with and adhere to Institute's policies in relation to class
attendance and general conduct and behavior, including maintaining a safe, respectful
environment; and to understand their obligations in relation to workload, assessment and keeping
informed.
Workload: Students are expected to read the session pre reading materials and come prepared to
the class. Random quizzes will be conducted from time to time to gauge the understanding of the
class in terms of the various concepts taught. These quizzes will not be a part of the assessment
but will be integral to the learnings of the course.
Attendance: Your regular and punctual attendance at lectures and seminars or in online learning
activities is expected in this course. The Institute reserves the right to refuse final assessment to
those students who fails to attend the required minimum number of classes where attendance and
participation is required as part of the learning process

General Conduct and Behavior: You are expected to conduct yourself with consideration and
respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or
interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students
may be asked to leave the class.

Health and Safety: IILM requires each person to work safely and responsibly, in order to avoid
personal injury and to protect the safety of others.
Keeping Informed: You should take note of all announcements made in lectures, tutorials or on
the course web site. From time to time, the Institute will send important announcements to your
university e-mail address without providing you with a paper copy. You will be deemed to have
received this information. It is also your responsibility to keep the Institute informed of all changes
to your contact details.

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