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Monash University

FIT5178 Applied project management - Semester 1, 2012

This unit, together with FIT5057 Project management, and FIT5180 Business and legal issues in project management, gives a full coverage of the main areas of Project Management. These units will give students the knowledge and skills needed to work in project planning, project control, or as an entry level project manager in industry. The emphasis in this unit is on the technical aspects of planning and executing projects. It will also cover the important areas of financial calculations, budgets, and decision making.

Mode of Delivery

Caulfield (Day)

Contact Hours

2 hrs lectures/wk, 2 hr laboratory/wk


You are expected to spend 12 hours per week on various activities. These include reading, communication with other students and unit lecturers, and preparation for learning tasks and formal assessments.

Chief Examiner

Campus Lecturer


Rod Martin

Consultation hours: WEDNESDAY, FRIDAY 3:00PM-5:00PM

Academic Overview


At the completion of this unit students will be able to:

  • Prepare project network diagrams and do finite capacity scheduling of projects;
  • do project and activity time compression to prepare quotations and meet due dates;
  • prepare plans, budgets, and control systems for new projects;
  • complete quotation, pricing, financial and profit calculations for projects;
  • understand methods of project selection, net present value analysis, decision making, and risk analysis;
  • understand the issues involved with project contract administration;
  • advise on the issues of Quality Management and the ISO 9000 Standards;
  • have a detailed understanding of modern Project Management software.

Graduate Attributes

Monash prepares its graduates to be:
  1. responsible and effective global citizens who:
    1. engage in an internationalised world
    2. exhibit cross-cultural competence
    3. demonstrate ethical values
  2. critical and creative scholars who:
    1. produce innovative solutions to problems
    2. apply research skills to a range of challenges
    3. communicate perceptively and effectively

Assessment Summary

Examination (2 hours): 50%, In-semester assessment: 50%

Assessment Task Value Due Date
NUMERICAL QUESTIONS ASSIGNMENT (NQA) 25% Project Networks -19 March 2012, Compression - 26 March 2012, Financials - 16 April 2012, NPV - 30 April 2012, Mathematical Optimization - 14 May 2012
MS Project - Case Study 20% 21 May 2012
MS Project - VBA 5% 21 May 2012
Examination 1 50% To be advised

Teaching Approach

Lecture and tutorials or problem classes
This teaching and learning approach provides facilitated learning, practical exploration and peer learning. Lectures will present the concepts and include many examples of each concept. Tutorials will concentrate on software examples of the concepts taught in lectures and where appropriate, particular topics will be taught in tutorials rather than lectures.


Our feedback to You

Types of feedback you can expect to receive in this unit are:
  • Informal feedback on progress in labs/tutes
  • Graded assignments with comments
  • Graded assignments without comments
  • Solutions to tutes, labs and assignments

Your feedback to Us

Monash is committed to excellence in education and regularly seeks feedback from students, employers and staff. One of the key formal ways students have to provide feedback is through SETU, Student Evaluation of Teacher and Unit. The University's student evaluation policy requires that every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied and areas for improvement.

For more information on Monash's educational strategy, and on student evaluations, see:

Previous Student Evaluations of this unit

Previous feedback has highlighted the following strength(s) in this unit:
Learning objectives are consistently met, intellectually stimulating and the learning resources support the student’s studies.
Student feedback has shown that there is a high level of satisfaction and that the feedback provided was useful.

The teaching materials have been revised based on student feedback.

If you wish to view how previous students rated this unit, please go to

Recommended Resources

MS Project, MS Visio, MS Excel. 

Available from http://msdnaa.monash.edu.au/fit/ 

and http://www.microsoft.com/project/en-us/project-management.aspx

VBA Editor addin MZTools. Available from http://www.mztools.com/index.aspx

Visio 2010 WBS Modeler.

Available from http://www.microsoft.com/download/en/details.aspx?id=26229


Available from http://www-01.ibm.com/software/integration/optimization/cplex-optimization-studio/

LINGO 13.0 - Optimization Modeling Software.

Available from http://www.lindo.com/index.php?option=com_content&view=article&id=34&Itemid=15

Unit Schedule

Week Activities Assessment
0   No formal assessment or activities are undertaken in week 0
4 INTRODUCTION TO ACCOUNTING Assessment Task 1: NQA (NQA=Numerical Questions Assignments) Project Networks due 19 Mar 2012
5 PROJECT FINANCIAL CALCULATIONS Assessment Task 1: NQA Compression due 26 Mar 2012
7 NET PRESENT VALUE Assessment Task 1: NQA Project Financials due 16 April 2012
9 MATHEMATICAL OPTIMIZATION Assessment Task 1: NQA NPV due 30 April 2012
11 QUALITY STANDARDS AND ISO9000, CONTRACT ADMINISTRATION Assessment Task 1: NQA Mathematical Optimization due 14 May 2012
12 CONTRACT LAW, REVISION Assessment Task 2: MS Project Case Study due 21 May 2012, MS Project VBA due 21 May 2012
  SWOT VAC No formal assessment undertaken
  Examination period LINK to Assessment Policy: http://policy.monash.edu.au/policy-bank/

*Unit Schedule details will be maintained and communicated to you via your MUSO (Blackboard or Moodle) learning system.

Assessment Requirements

Assessment Policy

Faculty Policy - Unit Assessment Hurdles (http://www.infotech.monash.edu.au/resources/staff/edgov/policies/assessment-examinations/unit-assessment-hurdles.html)

Assessment Tasks


  • Assessment task 1
    Questions on the numerical topics: Project Networks, Compression, Project Financials, NPV, Mathematical Optimization.
    Criteria for assessment:

    Assignments will be assessed:

    • 50% on correctness of answers and
    • 50% on method and explanation.
    Due date:
    Project Networks -19 March 2012, Compression - 26 March 2012, Financials - 16 April 2012, NPV - 30 April 2012, Mathematical Optimization - 14 May 2012
  • Assessment task 2
    MS Project - Case Study
    Option 1: The transformer example.
    Option 2: You can choose your own project.

    Write a report to demonstrate work breakdown structure, resource calculations, gantt charts, tracking, report generating and other useful features of MS Project.
    Criteria for assessment:
    • Option 1:  Demonstration of the features of MS Project.
    • Option 2:  Marks will be split equally between a description of the project and a demonstration of the features of MS Project.
    Due date:
    21 May 2012
  • Assessment task 3
    MS Project - VBA
    A small exercise using Microsoft Visual Basic for Applications (VBA) in MS Project
    Criteria for assessment:

    A report showing that the program works.

    Zipped copy of the files (ie , code and class modules)

    Due date:
    21 May 2012


  • Examination 1
    2 hours
    Type (open/closed book):
    Closed book
    Electronic devices allowed in the exam:

Assignment submission

It is a University requirement (http://www.policy.monash.edu/policy-bank/academic/education/conduct/plagiarism-procedures.html) for students to submit an assignment coversheet for each assessment item. Faculty Assignment coversheets can be found at http://www.infotech.monash.edu.au/resources/student/forms/. Please check with your Lecturer on the submission method for your assignment coversheet (e.g. attach a file to the online assignment submission, hand-in a hard copy, or use an online quiz).

Online submission

If Electronic Submission has been approved for your unit, please submit your work via the VLE site for this unit, which you can access via links in the my.monash portal.

Extensions and penalties

Returning assignments

Referencing requirements

Referencing internet and electronic sources, Harvard reference style


IEEE Referencing


Other Information


Student services

The University provides many different kinds of support services for you. Contact your tutor if you need advice and see the range of services available at www.monash.edu.au/students. For Sunway see http://www.monash.edu.my/Student-services, and for South Africa see http://www.monash.ac.za/current/

The Monash University Library provides a range of services and resources that enable you to save time and be more effective in your learning and research. Go to http://www.lib.monash.edu.au or the library tab in my.monash portal for more information. At Sunway, visit the Library and Learning Commons at http://www.lib.monash.edu.my/. At South Africa visit http://www.lib.monash.ac.za/.

Academic support services may be available for students who have a disability or medical condition. Registration with the Disability Liaison Unit is required. Further information is available as follows:

  • Website: http://monash.edu/equity-diversity/disability/index.html;
  • Email: dlu@monash.edu
  • Drop In: Equity and Diversity Centre, Level 1 Gallery Building (Building 55), Monash University, Clayton Campus, or Student Community Services Department, Level 2, Building 2, Monash University, Sunway Campus
  • Telephone: 03 9905 5704, or contact the Student Advisor, Student Commuity Services at 03 55146018 at Sunway
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