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Allama Iqbal Open University Islamabad (Department of Business Administration) Warning
Allama Iqbal Open University Islamabad (Department of Business Administration) Warning
ASSIGNMENT No. 1
(Units: 1–5)
Total Marks: 100 Pass Marks: 50
Note: Attempt all questions.
Q. 1 Give an overview of project management and discuss all phases of project life cycle.
(20)
Q. 2 Give a detailed account on conflicts in project enviroment. Also discuss the
methods and modes of conflict resoluton. (20)
Q. 3 Briefly explain Work Breakdown Structure (WBS) along with practical examples.
(20)
Q. 4 Discuss the features and classification of project Management Software. (20)
Q. 5 What do you know about project risks? How project risks can be managed? Also
discuss essentials of high risk projects and Low Risk Projects. (20)
ASSIGNMENT No. 2
Total Marks: 100 Pass Marks: 50
This assignment is a research-oriented activity. You are required to submit a term paper and
present the same in the classroom prior to the final examination. Presentation component is
compulsory for all students. You will have to participate in the activity fully and prepare a
paper of about 15 to 20 pages on the topic allotted to you. The students are required to
prepare two copies of Assignment No. 2. Submit one copy to your teacher for evaluation
and the second copy for presentation in the classrooms in the presence of your resource
persons and classmates, which will be held at the end of the semester prior to final
examination.
List of Topics:
0. Problems During Cost Control
1. Critical Success Factors for Strategic Planning
2. Factors Influencing Procurement
3. Managing Multiple Projects
4. Procurement Process
5. Project Team
6. Life cycle Costing
7. Types of Contracts Frequently Used and Their Advantages and Disadvantages
8. Developing Effective Procedural Documentation
9. Project Management Software
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PROJECT MANAGEMENT (8430)
Course Outline
Unit-1: Core Concepts of Project Management and its Growth
1.1 Overview of Project Management
1.1.1 Understanding General Systems Management
1.1.2 Historical Perspective of Project Management
1.1.3 Nature and Scope of Project Management
1.1.4 Differentiating Product Versus Project Management
1.1.5 Systems, Programs and Projects
1.1.6 Defining Maturity and Excellent
1.1.7 Elements of Informal Project Management
1.2 Phases of Project Life Cycles
1.3 Project Management Methodologies
1.4 Systems Thinking for Project Management Success
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3.5.2 Project Specifications
3.5.3 Milestone Schedules
3.5.4 Work Breakdown Structure (WBS)
3.6 Activities Included in Planning Cycle
3.7 Handling of Project Phase-Outs and Transfers
3.8 Project Charter
3.9 Configuration Management
3.10 Procedural Documentation
3.11 Reasons Behind Project Stoppage or Failure
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5.3.3 Essentials of High Risk Projects and Low Risk Projects
5.3.4 Disaster of Applying 10 Percent Solution to Project Estimates
5.4 Life Cycle Costing (LCC)
5.5 Logistics Support
5.6 Economic Project Selection Criteria:
5.6.1 Capital Budgeting & its Techniques
5.6.2 Comparing IRR, NPV, and Payback
5.6.3 Differentiating Risk Analysis and Capital Rationing
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7.7 Need for Establishing Project Office or Center of Excellence
7.8 Problems During Strategic Planning Process
Unit-8: Modern Developments in Project Management
8.1 Project Management Maturity Model (PMMM)
8.1.1 Five Levels of Maturity
8.1.2 Overlapping Levels
8.1.3 Assigning Risks to Each Level of PMMM
8.2 Developing Effective Procedural Documentation
8.2.1 Benefits of Procedural Documentation
8.2.2 Challenges During Procedural Documentation
8.2.3 How to make it Work?
8.2.4 Established Practices
8.2.5 Categorizing Broad Spectrum of Documents
8.3 Developing Good Project Management Methodologies
8.4 Need for Continuous Improvement and Capacity Planning
8.5 Replacement of Job Descriptions with Competence Models
8.6 Managing Multiple Projects
8.6.1 Factors Supporting Managing of Multiple Projects
8.6.2 Considerations for Managing Multiple Projects Successfully
8.7 New Dimensions of End of Phase Review Meetings
Recommended Books:
Kerzner, H. (2009). Project Management, a Systems Approach to Planning, Scheduling
and Controlling (10th ed.). Hoboken New Jersey: John Wiley & Sons Inc.
Lock, D. (2007). Project Management (3rd ed.). England: Grower Publishing Ltd.
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