Bachelor
2020/2021
Budgeting and Scheduling Projects
Type:
Elective course (Business Administration)
Area of studies:
Management
Delivered by:
Department of Business Informatics
Where:
Graduate School of Business
When:
4 year, 3 module
Mode of studies:
distance learning
Language:
English
ECTS credits:
3
Contact hours:
2
Course Syllabus
Abstract
A good project schedule helps all team members’ work together to meet project objectives. A project budget with realistic cost constraints is also an essential bedrock of any project. In this course you’ll learn to plan and stick to time and cost constraints in order to ensure the success of your projects.
Learning Objectives
- Upon completing this course, you will be able to: 1. Identify the resource needs of the project 2. Decompose work packages into activities 3. Define what is needed to estimate activity durations 4. Define milestones and create a milestone schedule 5. Determine the critical path and calculate float 6. Describe the purpose of using leads and lags in a project schedule 7. Estimate the quantities and costs of resources required to perform project activities 8. Select one of three common cost estimating techniques to determine a project budget 9. Use a responsibility assignment matrix to assign responsibilities 10. Recognize the components of a project’s quality management plan
Expected Learning Outcomes
- Define milestones and create a milestone schedule
- Identify the resource needs of the project
- Estimate the quantities and costs of resources needed for project activities
- Use a responsibility assignment matrix to assign responsibilities
Course Contents
- Get Started!Get started in this module by reviewing the course overview and participating in the course survey.
- Resource Needs & Quality ManagementIn this module, we will decompose work packages into activities, identify the resource needs of the project, and use a responsibility assignment matrix (RAM) to assign responsibilities. In addition, you will have a lesson on Quality Management.
- EstimatingIn this module, we will define what is needed to estimate activity durations, estimate the quantities and costs of resources required to perform project activities, and discover three common cost estimating techniques to determine a project budget.
- SchedulingIn this module, we will create a network diagram, determine the critical path and calculate float, define milestones and a create a milestone schedule, describe the purpose of using leads and lags in a project schedule, and recognize the components of a project’s quality management plan.
Bibliography
Recommended Core Bibliography
- Rizwan Akram, Salman Ihsan, Shaista Zafar, & Babar Hayat. (2018). Survey Paper for Software Project Team, Staffing, Scheduling and Budgeting Problem. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.FAEF13BB
Recommended Additional Bibliography
- Hosseininasab, S.-M., Shetab-Boushehri, S.-N., Hejazi, S. R., & Karimi, H. (2018). A multi-objective integrated model for selecting, scheduling, and budgeting road construction projects. European Journal of Operational Research, (1), 262. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.ejores.v271y2018i1p262.277