Project Management, in short, PM is an important subject in management study and courses like PGDM, MBA, B.com, M.com, BBA, ..etc. Here we have shared all the topics that are in the Project Management syllabus (PM) in the fourth semester of MBA (Master of Business Administration).
What is Project?
A project is temporary in that it has a defined beginning and end in time, and therefore planned scope and resources. And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal.
A project is usually deemed to be a success if it achieves the objectives according to its acceptance criteria, within an agreed timescale and budget.
A project is a unique, transient endeavor, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes, or benefits.
Definition of Project Management
- Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
The planning and organization of an organization’s resources in order to move a specific task, event, or duty toward completion.
Project management typically involves a one-time project rather than an ongoing activity, and resources managed include both human and financial capital.
► Why do we study Project Management?
- To interpret the tools and techniques of project management & to create a feasibility study of analyzing the risk and uncertainty involved in the same.
- To demonstrate the various types of project organization and its hierarchy including the pitfalls in the project team & types of contracts.
- To examine the project cost estimations and various sources from where the project can be financed.
- To identify project resources requirements and various methods of allocation and also the techniques required to monitor the project.
- To predict the evaluation of termination possibilities associated with the project and how it can be controlled. It also focuses on future prospects of Projects.
Project Management Syllabus
Syllabus of Project Management in MBA.
Subject Name: Project Management
Subject Code: MBAT 402
Course: MBA IV Semester 2020-22
University: Uttarakhand Technical University (Dehradun, Uttarakhand)
Total Credit: 3
Internal Marks: 30
External Marks: 70
Total Marks: 100
Project Management Syllabus in MBA (UTU, Dehradun)
Note: This Project Management (PM) Syllabus is as per MBA Academic Session 2020-21 of Uttarakhand Technical University, UTU Dehradun. The syllabus is according to the Scheme of Examination as per AICTE Flexible Curricula.
Unit 1: Introduction
Definitions,
Classification,
Project risk,
Scope,
Concepts and Characteristics of Project,
Importance of Project Management,
Project management definitions, overview,
Project plan,
management principles applied to project management,
Tools and techniques of project management,
Project management life cycles and uncertainty.
Project Planning
Project and Strategic Planning,
Scope,
Problem Statement,
Project Goals,
Success criteria,
Risk Management,
Approval Process,
Social Cost-Benefit Analysis,
Feasibility Study.
Unit 2: Project Organization
Various Forms of Project Organizations,
Project Organization Charting,
Organization Human Resources,
The Project Manager,
The Project Team,
Project Team Pitfalls,
Project Contract Management,
Types of Contracts,
Fixing the Zero Data.
Unit 3: Project Financing
Project Cost Estimation,
Sources of Finance,
Multiple Project and Constraints.
Unit 4: Project Implementation and Monitoring
Project Resource Requirements,
Type of Resources,
Men,
Materials,
Finance,
Multi-project Resources scheduling,
Splitting and Multitasking,
Resources Allocation method,
Project Monitoring and control,
Project network Technique-(PERT and CPM),
Planning for Monitoring and evaluation,
Project Management Information System,
Project Scheduling-
Time Constrained and Resource Constrained Scheduling,
Project Communication,
Project Audits,
Post Project Reviews.
Unit 5: Project Direction and Control
Project Direction,
Types of Project Termination,
Project in Trouble,
Termination Strategies,
Evaluation of Termination Possibilities,
Termination Procedures,
Features of Future Indian Projects.
Suggested Books
- Project management-for21stcentury-Beenet P Lientz, Kathyn – Pearson Academic Press,1995
- Project Management-Denislok
- Project management-DavidI Cleland-McGraw Hill International Ed,1999.
- Project management-Gopala krishnan-Mc Millian India Ltd.
- Project Management-Harry-Maylor- Pearson Publication
- Project Management-Gray & Larson-Tata McGraw Hill
- Project Management-Prasanna Chandra- Tata McGraw Hill