Roger D. H. Warburton
Syllabi for Courses

Spring 2012
This page provides an overview of:
Why should I take this course? What is expected of me?

The Administrative Sciences Department policies and standards that apply to all courses are available here.

AD644 Project Costs & Risks

Overview

This course introduces the student to the art and science of project cost and risk management. 

The first half of the course is about cost management, including early cost estimation, detailed cost estimation, and as the project proceeds, cost tracking and control using the earned value method. We will study procurement management and the different types of contracts for various scope scenarios. 

The second half of the course is about project risk, and we cover the systematic process of identifying, quantifying, mitigating, and responding to risks. Managing project costs and risks is examined through detailed analysis of case studies.

This course is an introduction to the fundamental concepts, methods, and problems of project cost management, project procurement and contract management, and project risk management. This is accomplished by working through detailed cases, and carefully analyzing project cost and risk data. Detailed analysis skills will be acquired using Microsoft Project and Microsoft Excel, although no prerequisite knowledge is assumed.

Microsoft Project and Microsoft Excel will be employed throughout the course to provide hands-on practical skills with the above topics. Mastery of key tools and concepts introduced in this course could give you a significant competitive advantage in the marketplace.

a)         Additional Text

For students who need a refresher in the topic of fundamentals of project management, and particularly in project networks, one of the following texts is suggested:

K&W Book Cover MBA Fundamentals: Project Management, 2008.
Vijay Kanabar and Roger D. H. Warburton, Kaplan Publishing, NY, NY.

This textbook is used throughout the Project Management program at Boston University, so you should own it already.

There are no reading assignments directly taken from this text, but it is a helpful reference.

Gray & Larson Cover Project Management: The Managerial Process, 

Fourth Edition.
Gray, C. F. & Larson, E. W. 
Boston: McGraw-Hill.

This textbook is the suggested backup throughout the Project Management program at Boston University, and it is a helpful reference. The text has excellent examples, especially the chapter on network diagrams. If you are unsure about networks, this is an excellent textbook.

There are no reading assignments directly taken from this text.

The AD644 Class Schedule is shown below:

I am still working on this, but most of the topics are correct.

Week Date Topic Homework Assignment (Due)
1 Jan 23 Introduction to Cost Analysis
2 Jan 30 Cost Estimating & Budgeting,
NPV, IRR, Depreciation, 
Resource Assignments
Charts & Graphs & Excel
3 Feb 06 Earned Value I The Roadway Case
4 Feb 13 Earned Value II Personal Project Cost Estimate
5 Feb 20 Double Masters Simulation I Personal Project EV Analysis
6 Feb 27 Double Masters Simulation II Simulation Lessons
7 Mar 05 Mid Term Exam
8 Mar 12 Spring Break
9 Mar 19 Bidding & Proposals
"The Goal" Essay

10 Mar 26 Introduction to Risk Analysis Personal Project Proposal
11 Apr 02 Quantitative Risk Analysis
Qualitative & Quantitative
Risk Analysis
12 Apr 09 Cost & Schedule Risks Q&Q Risk Problems
13 Apr 16 Risk Mitigation & Response Personal Project Cost & Risk Analysis
14 Apr 23 Procurement & Contracting Personal Project Risk Mitigation & Response
15 Apr 30 Last Class Final Projects Due
16 May 04 Final Exam



AD642 OL & AD642 XP
Project Management
Online

Course Overview

This course provides a systematic and thorough introduction to all aspects of project management. Projects are an increasingly important aspect of modern business, so we begin with the relation between projects and the strategic goals of the organization. The course provides the technical, cultural, and interpersonal skills necessary to successfully manage projects from start to finish. The course emphasizes that project management is a professional discipline with its own tools, body of knowledge, and skills. Concepts are reinforced by case studies covering a wide variety of project types and industries.

The course covers both the managerial and technical skills required to plan projects, acquire the necessary resources, and lead project teams to successful completion. Topics include the strategic role of projects in contemporary organizations; organizational cultures, structures and managerial styles; technical management tools (WBS, network diagrams, estimating times and costs,risks, and earned value); dealing with customers, vendors, and subcontractors; leadership; and managing teams.>

Course Description from Catalog

An examination of project management concepts, including organizational forms, planning and control techniques, and the role of the project manager. Develops the skills vital to effective management of multidisciplinary tasks through lectures, case studies, and business simulations. (4 cr.)

Week Lecture No. and
Topics
Reading Homework
Assignments
Discussion
Topics
1 1. Projects and Project Managers K&W, Ch. 1-2;
PMBOK Ch 1-3.
#1. The PM’s Role 0. Introduce Yourself
1. Challenge Everything
2. Specification Development K&W, Ch. 3 #2. Party (Personal) Project (PP) Scope
2 Mission, Goals, Objectives.
Project Portfolios
Lecture 3 #3. Value of your Degree 2. Cultural Differences:
The Matsushita Case
4. Work Breakdown Structure (WBS) K&W, 4;
PMBOK Chapter 5.
#4 WBS for PP
3 5. Organizing Projects
Project Structures
K&W 6;
PMBOK Ch 2.
#5 Cost Estimate for PP 3. PM v. TD
6. Project Networks
(MS Project)
K&W Ch 5 #6 Network for PP
(By Hand)
4 7. Cost Estimation & Schedule Estimation K&W Ch 9  #7. Network for PP,
MS Project
4. Cassandra Case
8. Critical Path
GANTT Charts
5 9. Management & Leadership
#9. Resources for your PP 5 The Big Dig
10. Staff Resources
6 11. Risks K&W Ch 10 #10. Final Project 6 The Accidental Project
  Manager
12. Earned Value K&W Ch 12
7 Final Exams Review Final Exam:
Part 1
Part 2
--

The chapter references above include the topic. That is, they give you the place to find the topic. For example, Week 2: WBS. PMBOK Chapter 5 contains more material than just the WBS, it contains a lot about the scope too. 

The following chapters make up the content of the course (which means that any topic from the following chapters can be on the exam):

K&W:               Everything except Chapter 11 (Quality)

PMBOK:           Everything except Chapters 8 (Quality), 9 (HR), 10 (Communications), and 12 (Procurement).

The complete formal syllabus for AD642 is available here.


AD642 Project Management (Classroom)

Course Overview

This course provides a systematic and thorough introduction to all aspects of project management. Projects are an increasingly important aspect of modern business, so we begin with the relation between projects and the strategic goals of the organization. The course provides the technical, cultural, and interpersonal skills necessary to successfully manage projects from start to finish. The course emphasizes that project management is a professional discipline with its own tools, body of knowledge, and skills. Concepts are reinforced by case studies covering a wide variety of project types and industries.

The course covers both the managerial and technical skills required to plan projects, acquire the necessary resources, and lead project teams to successful completion. Topics include the strategic role of projects in contemporary organizations; organizational cultures, structures and managerial styles; technical management tools (WBS, network diagrams, estimating times and costs,risks, and earned value); dealing with customers, vendors, and subcontractors; leadership; and managing teams.>

Course Description from Catalog

An examination of project management concepts, including organizational forms, planning and control techniques, and the role of the project manager. Develops the skills vital to effective management of multidisciplinary tasks through lectures, case studies, and business simulations. (4 cr.)

Course Topics & Schedule

Week Date Topic Homework Assignment
(Due Date)
1 Jan 23 Introduction to Projects None
2 Jan 30 Strategy & Project Selection,
NPV & Portfolios
#1 PM Comments
3 Feb 06 Scope #2 Charter
4 Feb 13 WBS #3 AFM Strategy
5 Feb 20 WBS in Class Exercise #4 PP Scope
6 Feb 27 Cost Estimation #5 WBS
7 Mar 05 Mid Term Exam
8 Mar 10 Spring Break
9 Mar 17 Networks I #6 Cost Estimate
10 Mar 24 Networks in MS Project #7.Personal Project Proposal
#8. Network Diagram
11 Apr 02 Earned Value #9. Network in MS Project
12 Apr 09 PERT &  Ethics #10 EV 
13 Apr 16 Risks #11 PERT
14 Apr 23 Management & Leadership #12 Risks
15 Apr 30 Last Class Final Projects Due
16 May 07 Final Exam