PROJECT MANAGEMENT

CORE SUBJECTS

Principles of Project Management

This module presents the processes, purpose and methodology of project management. Students will learn about the theories and application of project management practice. Critical and in-depth discussions of project definition, project planning and are an integral part of the topics under review. In addition, students will learn how to initiate, execute, control and close a project as well as analysing the information in order to draw conclusions that will benefit the organisation from the outcomes.

The principal objectives of the course are the following:

• Gain a thorough understanding of risks, issues and success factors that are essential for any project management tasks
• Understand the stages and the purpose of the product life cycle
• Understand and know how to use the correct software such as; OpenProj, Open Workbench, TaskJuggler, KPlato, GanttProject for project management
• Gain an understanding of the various techniques that are used to manage a group as well as an individual in order to improve group efficiency and teamwork effectiveness

Quantitative Methods for Project Managers

In this module students will learn how to analyse and evaluate numerically competing project scenarios and flows and how to control the organisation’s performance while using accounting and financial tools. Students will gain a thorough understanding of the main theories of probability, quantitative modelling and statistical analysis to facilitate specific business projections and analyses in order to trace and forecast outcomes and monitor how a project that can be applied in different work situations.

The principal objectives of the course are the following:

• Understand and learn to perform projection calculations and analyse income statements, balance sheets as well as cash flow statements so that they can be used to troubleshoot specific project-related problems
• Gain the understanding of how to investigate the feasibility of a project and forecast the project’s potential outcomes using matrices
• Understand the importance of monitoring and controlling as well as establishing quantitative performance milestones of the project
• Understand how to use the appropriate software such as Primavera P3, Primavera Monte Carlo, TreeAge Data, Crystal Ball, Stroboscope and Cyclone and Vensim in order to perform advanced numerical data analysis