UCL School of Management

Module Fact Sheet

MSIN0083: Project Management

Taught by
Level
Masters, level 7
Prerequisites
None; Prior Project Management studies are not presumed
Eligibility
MM Route B option, MSc Business Analytics (MS)
Terms
Term 3
Delivery method
10 X 3 hour sessions. The module will take place in the second week of term three.
Assessment
60% final 3-hour unseen examination; 40% group coursework
Previous Module Code
MSING031

Course overview

This module provides an understanding of key issues and applied methodologies relating to Project Management and Dynamic Scheduling. As such the content of this module provides the essentials a project manager should have when faced with preparing the work necessary for managing and controlling projects in progress.

The focus is on integrating scheduling, risk and control to set up a project management and control system using the available tools and techniques and best practices. The framework for Project Management is analysed in the context of providing managers with the information they need to be able to plan and control projects. The emphasis is on making well-informed decisions of projects in progress by monitoring their performance and predicting their final expected timing and costs.

Learning outcomes

Upon successful completion of the module, a student will be able to:

  • Comprehend the features of basic scheduling techniques, and understand their relation to more advanced scheduling methods

  • Identify issues in resource constrained project management systems, and understand their impact on scheduling and control

  • Formulate a critical view on current integrated project management, and control systems and suggest improvements

  • Understand the relations between different scheduling techniques, and assess the relevance of the techniques based on project specific parameters

  • Recognise the impact of changes in activity time/cost estimates on the project objectives, and apply scenario analyses to predict the most sensitivity project parts

  • Understand the importance of buffer management to protect the project objectives from unforeseen project events

  • Understand the nature and purpose of project control, and apply the Earned Value Management methodology to monitor time and cost

  • Understand the nature and purpose of project control systems, and apply those methodologies to trigger corrective actions to bring projects in trouble back on track

Topics covered

  • Project life cycle management

  • PERT/CPM project scheduling

  • Time/Cost optimisation

  • Resource allocation in projects

  • Resource-constrained project scheduling

  • Critical chain and buffer management

  • Schedule risk analysis

  • Project selection methods

  • Earned Value Management

  • Earned Schedule control

Assessment summary

60% is awarded on the basis of a 3-hour examination consisting of an unseen paper. 40% is awarded for group coursework.

Current students should refer to Moodle for specific details of the current year’s assessment.

Essential reading

Vanhoucke, M., 2012, “Project management with dynamic scheduling: Baseline scheduling, risk analysis and project control”, Springer, pp. 310 (ISBN 978-3-642251-74-0).

Past versions of this module

MSIN0083 18/19

MSING031 17/18

MSING031 16/17

Last updated Friday, 17 August 2018