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FIT5178 Applied project management - Semester 2, 2013

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 (Evening)

Contact Hours

2 hrs lectures/wk, 2 hr laboratory/wk

Workload requirements

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

Caulfield

Rodney Martin

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

Tutors

Caulfield

Karan Pedramrazi

Kamran Memon

Academic Overview

Learning Outcomes

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.

Unit Schedule

Week Activities Assessment
0   No formal assessment or activities are undertaken in week 0
1 INTRODUCTION TO PROJECT MANAGEMENT  
2 PROCESS DESIGN TOOLS, PROJECT COMPRESSION  
3 PROJECT COMPRESSION, FINITE CAPACITY SCHEDULING  
4 INTRODUCTION TO ACCOUNTING Assessment Task 1: NQA Project Networks
5 PROJECT FINANCIAL CALCULATIONS Assessment Task 1: NQA Compression
6 EARNED VALUE  
7 NET PRESENT VALUE Assessment Task 1: NQA Project Financials
8 PROJECT SELECTION, AHP  
9 MATHEMATICAL OPTIMIZATION Assessment Task 1: NQA NPV
10 MATHEMATICAL OPTIMIZATION  
11 QUALITY STANDARDS AND ISO9000, CONTRACT ADMINISTRATION Assessment Task 1: NQA Mathematical Optimization
12 CONTRACT LAW, REVISION Assessment Task 2: MS Project Case Study
  SWOT VAC No formal assessment undertaken
  Examination period LINK to Assessment Policy: http://policy.monash.edu.au/policy-bank/
academic/education/assessment/
assessment-in-coursework-policy.html

*Unit Schedule details will be maintained and communicated to you via your learning system.

Assessment Summary

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

Assessment Task Value Due Date
NUMERICAL QUESTIONS ASSIGNMENT (NQA) 25% NQA1 23 Aug, NQA2 30 Aug, NQA3 13 Sep, NQA4 27 Sep, NQA5 18 Oct
MS Project - Case Study 25% 25 October 2013
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.

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)

Academic Integrity - Please see the Demystifying Citing and Referencing tutorial at http://lib.monash.edu/tutorials/citing/

Assessment Tasks

Participation

  • Assessment task 1
    Title:
    NUMERICAL QUESTIONS ASSIGNMENT (NQA)
    Description:
    Questions on the numerical topics: Project Networks, Compression, Project Financials, NPV, Mathematical Optimization.
    Weighting:
    25%
    Criteria for assessment:

    Assignments will be assessed:

    • 50% on correctness of answers and
    • 50% on method and explanation.
    Due date:
    NQA1 23 Aug, NQA2 30 Aug, NQA3 13 Sep, NQA4 27 Sep, NQA5 18 Oct
  • Assessment task 2
    Title:
    MS Project - Case Study
    Description:
    Option 1: The transformer example.
    Option 2: You can choose your own project.
    Details will be given in class.
    Weighting:
    25%
    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:
    25 October 2013

Examinations

  • Examination 1
    Weighting:
    50%
    Length:
    2 hours
    Type (open/closed book):
    Closed book
    Electronic devices allowed in the exam:
    NON-PROGRAMMABLE CALCULATORS

Learning resources

Monash Library Unit Reading List
http://readinglists.lib.monash.edu/index.html

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

Extensions and penalties

Returning assignments

Referencing requirements

Referencing internet and electronic sources, Harvard reference style

http://www.monash.edu.au/lls/llonline/quickrefs/22-referencing-internet.xml

IEEE Referencing

http://www.lib.monash.edu/tutorials/citing/ieee.html

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). Please note that it is your responsibility to retain copies of your assessments.

Online submission

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

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

IBM ILOG CPLEX.

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

Other Information

Policies

Graduate Attributes Policy

Student services

Monash University Library

Disability Liaison Unit

Students who have a disability or medical condition are welcome to contact the Disability Liaison Unit to discuss academic support services. Disability Liaison Officers (DLOs) visit all Victorian campuses on a regular basis.

Your feedback to Us

Previous Student Evaluations of this Unit

Previous feedback has highlighted the following strength(s) in this unit:

  1. Learning objectives are consistently met, intellectually stimulating and the learning resources support the student’s studies.
  2. 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
https://emuapps.monash.edu.au/unitevaluations/index.jsp

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