Roger D. H. Warburton
Syllabi for Courses

Spring 2013
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.

OptionalText

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:

  The Art & Science of
                      Project Management Cover   
The Art & Science of Project Management, 2012
Roger D. H. Warburton and Vijay Kanabar
RW Press, Newport, RI 02840


ISBN-13:  978-0-9831788-2-8

I will refer to this as W&K

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.

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 16 Introduction to Cost Analysis
2 Jan 23 Cost Estimating & Budgeting,
Charts & Graphs & Excel
3 Jan30 Earned Value I Cost Estimate
4 Feb 06 Earned Value II Modus EV Analysis
5 Feb 13 Double Masters Simulation I Simulation Lessons
5 Feb 20 Budgeting
Overhead Calculation
6 Feb 27 Bidding Exercise
Simulation Lessons
7 Mar 06 Mid Term Exam None
8 Mar 13 Spring Break None
9 Mar 20 Introduction to Risk Analysis "The Goal" Essay

10 Mar 27 Quantitative Risk Analysis
Qualitative & Quantitative
Risk Analysis
Personal Project Proposal
11 Apr 03 No Class
None
12 Apr 10 Cost & Schedule Risks Fishbone Chart
13 Apr 17 Risk Mitigation & Response Decision Tree Diagram
14 Apr 24 Procurement & Contracting  
15 May 1 Last Class Final Projects Due
16 May 8 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.)

Course Structure

Week Lecture No. and
Topics
Reading Homework
Assignments
Discussion
Topics
1 1. Projects and Project Managers W&K, Ch. 1.
0. Introduce Yourself
1. Challenge Everything
2. Scope Development W&K, Ch. 8.1, 8.2,.
W&K Ch 12.1, 13.
#1. Party (Personal) Project (PP) Scope
2 3. Mission, Goals, Objectives.
    Project Portfolios
Lecture 3
W&K Ch 2.
#2. Value of your Degree 2. Cultural Differences:
The Matsushita Case
4. Work Breakdown Structure
    (WBS)
W&K CH 8.2, 14. #3 WBS for PP
3 5. Organizing Projects
    Project Structures
W&K Ch 4. #4 Final Project Proposal
3. PM v. TD
6. Project Networks
    (MS Project)
W&K Ch 8.3
W&K Ch 15, 16.
#5 Network for PP (by hand).
4 7. Cost Estimation &
    Schedule Estimation
W&K Ch 8.4
W&K Ch 17.

W&K Ch 16.
#6 Cost Estimate for PP.

      Cassandra Case Assignment
      (ungraded)
4. Cassandra Case
8. Critical Path
    GANTT Charts
5 9.  Management & Leadership Lecture 9.
#7.Network for PP in MS Project
5 The Big Dig
10. Staff Resources Lecture 10.
6 11. Risks W&K Ch 8.5, 22. Final Project 6 The Accidental Project
  Manager
12. Earned Value W&K Ch 18
7 Final Exams Review Final Exam:
   Part 1  (Proctored)
   Part 2  (Essay)
--

The lectures and the above references chapters make up the content of the course (which means that any topic from thm can be on the exam):

The complete formal syllabus for AD642 is available here.


MG415 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 22 Introduction to Projects None
2 Jan 29 Strategy & Project Selection,
NPV & Portfolios
PM Comments
3 Feb 05 Scope Charter
4 Feb 12 Portfolio Exercise PP Scope
5 Feb 19 WBS in Class Exercise Pick a Car 
6 Feb 26 Cost Estimation WBS
7 Mar 05 Mid Term Exam None
8 Mar 12 Spring Break None
9 Mar 19 Cost Estimation Team WBS
10 Mar 26 Networks  &
The Critical Path
Cost Estimate for PP
11 Apr 02 Networks in MS Project Network Problem
12 Apr 09 Earned Value PP in MS Project
13 Apr 16 Management & Leadership EV Problem
14 Apr 23 Risks & Pert None
15 Apr 30 Last Class Final Projects Due
16 May 07 Final Exam