Institute of Commercial Management | Qualification Subject

Project Management

Main Topics of Study

Projects in Contemporary Organisations

  • Definitions
  • Why project management
  • The Project Life Cycle (PLC)

Strategic Management and Project Selection

  • Project management maturity
  • Project selection and criteria of choice
  • Types of project selection models
  • Net present value

The Project Manager

  • Job description
  • Job specification
  • Person specification
  • Cultural differences

Project Organisation

  • Functional organisation
  • Pure project organisation
  • Matrix organisation
  • Mixed organisational systems
  • Project teams
  • The human factor

Project Planning

  • Initial project coordination
  • Systems integration
  • Work breakdown structure
  • Linear responsibility chart

Conflict and Negotiation

  • The nature of negotiation
  • Partnering, chartering, and change
  • Conflict and the PLC
  • Linear responsibility chart
  • Principles of negotiation

Budgeting and Cost Estimation

  • Estimating project budgets
  • Improving the process of cost estimation

Scheduling and Resource Allocation

  • Background
  • Network techniques: PERT and CPM
  • Critical Path Method (CPM)
  • The resource allocation problem
  • Resource loading
  • Resource levelling
  • Crashing

Monitoring and Information Systems

  • The planning-monitoring-controlling cycle
  • Information needs and the reporting process
  • Earned value analysis
  • Computerised Project Management Information Systems (PMIS)

Project Control

  • The fundamental purpose of control
  • Three types of control process
  • Design of control system
  • Control as a function of management
  • Balance in a control system
  • Control of creative activities
  • Control of change and scope creep

Project Auditing

  • Purpose of evaluation – goals of the system
  • The project audit
  • The project audit life-cycle
  • Construction and use of the audit report

Project Termination

  • The varieties of project termination
  • When to terminate a project
  • The termination process
  • The final report – a project history

Recommended Reading

Main Text:

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Project Management – A Managerial Approach – Jack R. Meredith & Samuel J. Mantel (Wiley)

Indicative Text:

Alternative Text and Further Reading:

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Project Management – A Systems Approach to Planning, Scheduling & Controlling – Harold Kerzner (Wiley)

The Portable MBA in Project Management – Eric Verzuh (Wiley)