BACHELOR OF SCIENCE IN MANAGEMENT ACCOUNTING

Course Name: Project Management

Course Description:
This course provides students with an overview of project management, focusing on project initiation and control. A discussion of the different types of projects,
the project life cycle as well as the intricacies of defining and monitoring project resources, cost, scope and schedule – through work breakdown structures, the
precedence diagramming method and earned value analysis among other tools – is included. Popular project management software will also be introduced during the
course. It also covers project feasibility studies; managing the quality of project management / consultancy work. It culminates in handling sample project management /
consultancy services such as information system (IS) engagement, management operations audit, business process improvement / re-engineering and the like.

Credit: 3 units

Pre-requisite: Statistical Analysis with Software Application; Strategic Cost Management

References:

Elenita Balatbal Cabrera, (2010) Management Consultancy Principles and Engagement, Philippines
Detailed Course Outline

WK HRS TOPIC Learning Outcomes Strategies/Activities Assessment of Learning

Week 1 3 hrs. Project Management and Control
1. Project Management
 Project Plan
 Developing the Detailed
Work Plan
 Organizing the Project Team
 Project Schedule
 Project Control
 Documentation Policies and
Guidelines
 Work Papers
 Time Management
 Managing Project Shocks
Outcomes
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the meaning of
project management.
2. Explain what project plan
is.
3. Know and explain the
elements or components of
the detailed engagement
work plan.
4. Understand the task of
Organizing the project team
and preparing the project
schedule.
5. Know the procedures in the
development of
documentation policies and
guidelines.
6. Appreciate the importance
of engagement work papers.
7. Understand the importance
and basic principles of time
management.
8. Learn how to manage
project derailments or shocks.

Week 2 to 3 ½ hrs. Presentation of Engagement
3 Reports
1. Why Consultants have difficulty
presenting results
2. Preparing for the presentation
 Deciding what to say
 Choosing the method of
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand why
consultants have difficulty in
presenting the results of
engagement.
2. Know the guidelines in
 presentation or how to say
it
 Written Presentation
 Types of Written
Presentations
 Planning and developing
written material
 Techniques for presenting
written reports
 In-person presentation
 How to prepare an in-
person presentation
 Making the presentation
 Common mistakes made in
presenting results
Week 3 to 3 hr. Managing the Quality of Consulting
4 Engagement
1. Project Controls
 Administrative controls
 Time reporting and analysis
procedures
 Independent quality
assurance reviews
2. Maintaining Controls over
competence and service quality
 Types of Controls
3. Special Considerations for the Sole
Practitioner Operating as a
Management Consultant
 Operating as a management
consultant
 Scope of consulting practice
 Organizing the practice
 Building the practice
 Monitoring results
preparing for the
presentation.
3. Be familiar with the
techniques in using written
presentation and in-person
presentation.
4. Know the common errors
committed in presenting
results of the engagement.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Appreciate the need for
project evaluation and
controls to ensure the quality
of consulting engagement.
2. Understand and learn to
apply the various techniques
in project evaluation and
controls such as
administrative controls, time
reporting procedures and
independent quality
assurance reviews.
3. Explain how controls can be
established over competence
and service quality.
4. Understand the special
considerations for the sole
practitioner operating as a
management consultant.
Week 4 to 3 hrs. Management of the Client
5 Relationship
1. Management of the Client/
Consultant Relations
 How to develop and
maintain harmonious
2. Managing client expectations
3. Maintaining client interest
4. Creating opportunities for client
build-up
5. Selling of Consulting Services/
Marketing Professional Services
6. Promotional and public relations
activities
7. Abandoning clients gracefully
Week 5 to 4 hrs. Management of People
6 Relationships
1. Staff selection and development
 Staff selection
 Matching staff to the
requirements of the
practice
 Practice and staff profiles
 Required skills
 Technical versus consulting
skills
 Staff development
 Initial assignments
 Exposure to the different
facets of consulting
 Types of training methods
 Degree of commitment
 Career paths planning and
progression
2. Team-working Skills
 The dynamics of team
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the need to
manage client/consultant
relationship.
2. Know the techniques in
developing and maintaining
harmonious relationship
between the consultant and
the client.
3. Explain how to manage
client expectations and
maintaining client interest.
4. Learn when and how to
abandon clients gracefully.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the critical
function of selecting and
developing the consulting
staff.
2. Know the factors to be
considered in staff selection
and staff development.
3. Realize the importance of
continuing professional
education for the entire
consultancy staff.
4. Be familiar with the
different types of training
methods.
5. Learn how to develop
commitment of employees in
the practice.
6. Understand the dynamics
and process of team working.
 working
 Intrinsic Factors
 Extrinsic Factors
3. The process of group formation
4. Managing team conflicts
5. Working with external supporters
and experts
Week 6 1 ½ Hr.  PRELIMINARY EXAMINATION
Week 7 2 ½ hr. Financial Forecasting
1. Role of financial management
2. Objectives of the Firm
3. Nature of Financial Forecasting
4. Steps in Financial Forecasting
5. Projected Financial Statement
Method
Week 7 to 3 hrs. Working Capital and the Financing
8 Decision
1. Basic Concepts
2. Significance of Working Capital
Management
3. Working Capital Policy
4. Factors Affecting Level of Current
Assets
5. Advantages of Adequate Working
Capital
7. Learn to manage team
conflicts and working with
external supporters and
experts.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the role of
financial management in the
realization of the objectives of
a business firm.
2. Know the financial
management-related
consultancy services of CPAs.
3. Understand and apply the
steps in financial forecasting
using pro forma financial
statements.
4. Compute the additional
funds needed by a business
firm and apply the iteration
method.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Know the basic concepts
and significance of working
capital management.
2. Understand the factors
affecting the level of current
assets that a business firm
should maintain.
3. Know the advantages of
 6. Disadvantages of Inadequate
Working Capital
7. Disadvantages of Excessive
Working Capital
8. Alternative Current Asset
Investment Policies
9. Alternative Current Asset
Financing Policies
10. Risk-Return Tradeoff
Week 8 to 4 hrs. Management of Current Assets
10
1. Objective of Current Assets
Management
2. Cash Conversion Cycle
3. Cash Management
 Objective of Cash
Management
 Reasons for Holding Cash
 Managing Cash Flows
 Techniques for lessening
cash needs
4. Marketable Securities
Management
 Objective of Marketable
Securities Management
 Reasons for holding
marketable securities
 Factors influencing the
choice of marketable
securities
5. Receivable Management
 Objective of Receivable
having adequate working
capital and the disadvantages
of excessive and inadequate
working capital.
4. State and explain the
alternative current asset
investment policies.
5. State and explain the
alternative current asset
financing policies.
6. Understand the effect on
the risk-return of the business
firm of the alternative
working capital level and
financing policies.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the objective of
current assets management.
2. Know the concept of cash
conversion cycle.
3. Explain the objectives of
managing cash, marketable
securities, accounts receivable
and inventory.
4. Know the tools and
techniques in determining the
optimum level of cash,
marketable securities,
accounts receivable and
inventory.
5. Enumerate the costs
associated with investment in
or holding cash, marketable
securities, accounts receivable
and inventory.
6. Understand the techniques
used in evaluating a firm’s
efficiency in managing current
 Management
 Factors in determining
accounts receivable policy
 Costs associated with
accounts receivable
 Summary of trade-offs in
credit and collection policies
 Marginal or incremental
analysis of credit policies
6. Inventory Management
 Objective of inventory
management
 Functions of inventories
 Inventory management
techniques
Week 10 2 hrs. Short-Term Credit for Financing
Current Assets
1. Factors in selecting a source of
short-term funds
2. Estimating cost of short-term
credit
3. Sources of short-term funds
4. Secured short-term financing
 Pledging of accounts
receivable
 Factoring accounts
receivable
 Inventory financing
Week 10 3 hrs. Long-Term Financing Decisions
to 11
1. Basic Concepts
2. Basic Tools of Capital Structure
Management
3. Factors Influencing Capital
Structure Decisions
Incorporating Capital Structure into
Capital Budgeting
assets.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the nature of
problems encountered in the
management of the use of
short-term financing.
2. Know the factors in
selecting a source of short-
term fund.
3. Enumerate and explain the
sources of short-term funds.
4. Apply the techniques in
estimating the cost of short-
term credit.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Understand the concept of
financial structure and capital
structure.
2. Know the concept of
optimal capital budget or the
need to incorporate capital
 4. Establishing the Optimal Capital
Budget in Practice
5. Effect of Operating Leverage and
Financial Leverage on Capital
Structure
6. Determining the Optimal Capital
Structure
structure to long-term capital
investment alternatives.
3. Understand the basic tools
of capital structure
management.
4. Explain the effect of
operating leverage and
financial leverage on capital
structure.
5. Know how to determine
the optimal capital structure.

Week 11 2 hrs. Sources of Intermediate and Long- At the end of this session, the  Lecture  Feasibility Study
to 12 Term Financing students should be able to:  Discussion
 Video Presentation
1. Principal Sources of Funds 1. Know the principal sources
2. Debt Financing of funds.
 Benefits and Drawbacks of 2. Understand the nature,
Debt advantages and
 Term Loans disadvantages of debt
 Bonds or Long-term Debt financing and equity
 Retirement of Bonds financing.
3. Explain the characteristics
3. Equity Financing of term loans, bonds or long-
 Ordinary Shares term debt as sources of long-
 Retained Earnings term funds.
4. Explain the characteristics
of ordinary shares as a source
of long-term funds.
5. Explain the nature of
internally generated funds.

Week 12 1 ½ hr.  MIDTERM EXAMINATION

Week 13 3 hrs. Hybrid Financing: Preference At the end of this session, the  Lecture  Feasibility Study
Shares, Leasing, Options, Warrants, students should be able to:  Discussion
and Convertibles  Video Presentation
1. Understand the concept of
1. Preference Share hybrid financing.
 Advantages and 2. Explain the nature,
Disadvantages of Issuing advantages and
 Preference Share disadvantages of using
preference shares as a source
2. Leasing of long-term financing.
 Potential Benefits from 3. Know the nature,
Leasing advantages and
 Capital or finance lease disadvantages of using leases
 Operating lease as a means of financing long-
term or fixed asset needs.
3. Convertibles 4. Understand the uses of
4. Option securities such as
5. Warrants convertibles, and
option/warrant to raise long-
term funds.

Week 14 3 hrs. Aspects of Project Development
Cycle
1. Project development Cycle
2. Categories of Pre-Investment
Studies
3. Identification of Investment
Opportunities or Opportunity Studies
4. Preliminary Project Selection and
Definition (Pre-Feasibility Studies)
5. Project Formulation or Feasibility
Study
6. Final Evaluation and Investment
Decision
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Discuss the possible
consequence of a defective
pre-investment study.
2. Describe the project
development cycle and its
stages.
3. Give the types of decisions
to be made during the
different pre-investment
stages.
4. Identify the sources of
project ideas or basis of
identifying investment
opportunities.
5. Describe the steps followed
in preparing feasibility study.

Week 15 3 hrs. Project Feasibility Study (PFS) At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
1. The Feasibility Study  Video Presentation
 Nature 1. Discuss the nature of a
 Benefits project feasibility study.
 Limitations 2. Know the benefits that may
be derived from the
 2. Source of Data for a Feasibility
Study
3. Project Team
4. Cost of Studies
5. Areas Covered in a Project Study
6. Steps in the preparation of a
Project Study
7. Outline of a feasibility study
Week 16 3 hrs. PFS: Project Background and
Economic Aspect
1. Project background and History
2. Economic Aspect: market analysis
 Demand and market
analysis
 Demand projection and
sensitivity analysis
3. Demand forecasting techniques
4. Sensitivity analysis
5. Precautions for statistical analysis
6. Data for Demand and market
analysis
7. Sources of Data
8. Sales forecast and Marketing
9. Product pricing
10. Marketing Strategy
11. After-sales facilities and services
12. Sales revenue projection
preparation of a project
feasibility.
3. Identify the sources of data
for a feasibility study.
4. Know the composition of a
project team who will conduct
the feasibility study.
5. Identify the costs involved
in preparing the feasibility
study.
6. Enumerate and explain
briefly the different areas
covered by the study.
7. Enumerate the steps
involved in preparation of a
project study.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Enumerate the important
data presented in the “Project
Background and History” of a
PFS.
2. Know the activities involved
and data needed in making
the demand and market
study.
3. Know the basic data and
their sources, needed for
demand and market analysis.
4. Understand the nature of
the different forecasting
techniques used for
forecasting demand.
5. Be aware of the
precautions in making
statistical analysis.
6. Know why sensitivity
analysis is important in
estimating demand.

Week 17 1 ½ hrs. PFS: Technical Aspect
1. Production Program
2. Plant Capacity
3. Materials and Inputs
4. Location and Site
5. Project Engineering
Week 17 3 hrs. PFS: Financial Aspect- Project
to 18 Financing and Evaluation
1. Determining Funds Requirement
7. Understand the basis in
making the sales forecast as
well as setting the price of the
product/services.
8. Know why the description
of the marketing strategy and
distribution system are
necessary in a project
feasibility study.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Identify the specific areas
of study included in the
technical aspect of a project
feasibility study.
2. Know what the study of the
production program will
cover.
3. Understand the basis in
determining a feasible normal
plant capacity.
4. Know the basis determining
the required materials and
other inputs of production.
5. Identify the various issues
to be considered in choosing
the location and site for a
proposed project.
6. Know the areas covered in
the project engineering
aspect of a project feasibility
study.
7. Give the basis in estimating
the costs involved in civil
engineering work.
At the end of this session, the  Lecture  Feasibility Study
students should be able to:  Discussion
 Video Presentation
1. Identify the specific areas
 and Profitability
 Projected income statement
 Projected balance sheet
statement
 Projected cash flow
statement
 Financial statement
2. Sources of Financing
3. Economic Evaluation
 Break-even analysis
 Net present value
 Internal rate of return
 Break-even time or
discounted payback method
 Payback period
 Simple or accounting rate of
return
4. Financial Analysis
5. Sensitivity Analysis
Week 18 1 ½ hr.  FINAL EXAMINATION
18 Weeks 54 hrs.
of study included in the
technical aspect of a project
feasibility study.
2. Know what the study of the
production program will
cover.
3. Understand the basis in
determining a feasible normal
plant capacity.
4. Know the bass in
determining the required
materials and other inputs of
production.
5. Identify the various issues
to be considered in choosing
the location and site for a
proposed project.
6. Know the areas covered in
the project engineering
aspect a project feasibility
study.
7. Give the basis in estimating
the costs involved in civil
engineering work.