Project Management

 

Project management is the art of matching a project's goals, tasks, resources to accomplish a goal as needed. We say "as needed" because one has limited time, money, and resources (human and machinery) with which to accomplish a goal. Time , money and management being the essence of an organization this course will broaden those skills to implement and manage projects effectively.

General course objective

 

The general objective of the course is to provide the students with the foundation knowledge and skills to identify, plan and execute projects in an organizational or community context. Modern organizations are faced with a constant need to modernize and innovate. In South Africa the business as well as public sector need to deal with a dual challenge, namely to become part of a globalized world and economy while at the same time dealing with the socio-economic realities of the country. Project management is increasingly providing new and innovative ways to plan, organize and implement transformation, change and development initiatives, so as to deal with these challenges.

Course Outcomes

After completion of the course the learner will have:

  • Basic knowledge of the nature and importance of projects in the international as well as local arena;

  • Working knowledge of the disciplines and knowledge areas involved in project management;

  • Working knowledge of the Project Management Body of Knowledge (PMBOK);

  • Practical knowledge and skill in to apply project management techniques required in the identification, planning, management and execution of projects;

  • Awareness of best practices in respect of project management

Course Outline

Module 1: Introduction to projects

Module learning outcomes:

After completion of this module the learner should be able to:

Describe the importance of project management in modern society;
Describe the importance of projects in organizations;
Describe the importance of projects in executing strategies;
Explain the multi-disciplinary nature of projects;
Describe the following terms:
   Project;
   Program;
   Project management;
   Stakeholder.
Explain the difference between operations and project management.

Module 2: The need for projects in modern organizations

Module learning outcomes:

After completion of this module the learner should be able to:

Describe the factors that drive the need for projects in modern organizations;
Describe the benefits of adopting a project management approach in organizations;
Identify the general factors that contribute to the failure of project;

Module 3: The Project Management Body of Knowledge (PMBOK)

Module learning outcomes:

After completion of this module the learner should be able to:

Describe the aim of the PMBOK;
Outline the knowledge areas of the PMBOK;
Describe the project management process groups;
Motivate the need and value of a project life cycle;
Identify the difference between a project and product life cycle;
Identify the difference between project management and general management process groups.

Module 4: Project identification

Module learning outcomes:

After completion of this module the learner should be able to:

Describe where projects typically originate in organizations;
Define a project in terms of the project input, output and activities classification system;
Outline the elements of a typical business case;
Outline the elements of a typical feasibility study;
Draft a project charter or Scope of Work Statement (SOW);
Know who is typically responsible for drafting the project charter/SOW;
Explain the rationale and use of the following project selection techniques:
Benefit/cost ratio;
Payback period;
Return on investment;
Net present value (NPV);
Internal rate of return (IRR);
Stage gate approach.
Peer review;
“Murder board”
Portfolio analysis

Module 5: Project and team leadership

Module learning outcomes:

After completion of this module the learner should be able to:

Distinguish between leadership and management;
Explain how the PMBOK addresses the issue of management and leadership in a project context;
Describe the core competencies of a project manager/leader;
Describe the importance of influence and relationships for effective project leadership;
Explain the fundamentals of influencing people;
Describe the tactics that can be employed to:
Get people to follow through on commitments;
Get people to take action;
Obtain and give meaningful feedback

Module 6: Project scoping, planning and scheduling

Module learning outcomes:

After completion of this module the learner should be able to:

Recall the principles for sound planning;
Recall the core elements of a project launch meeting;
Compile a Work Breakdown Structure;
Sequence a basic set of activities;
Use a schedule bar chart to graphically represent a sequence of activities;
Explain the elements and rationale of the critical path

Module 7: Management control in projects

Module learning outcomes:

After completion of this module the learner should be able to describe the following:

The critical factors for managing the overall health of a project;
The nature and relevance of:
Scope management;
Procurement and the procurement cycle;
Resource allocation (with specific reference to resource leveling);
Managing earned value.

Module 8: Project account

Module learning outcomes:

After completion of this module the learner should be able to:

Develop a basic cash flow statement;
Recall and write explanatory notes about the rationale and use of the S-Curve- thus understanding EVA principles

Module 9: Project evaluation

Module learning outcomes:

After completion of this module the learner should be able to describe the following:

The purpose of project evaluation;
The role and function of project auditing;
The construction and use of the audit report;
The responsibilities of the project auditor

Module 10: Project termination

Module learning outcomes:

After completion of this module the learner should be able to describe the following:

The typical ways to terminate a project;
The ideal time to terminate a project;
The process of project termination
  

Location
Cape Town

       

  

 

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