01UME701

PROJECT MANAGEMENT AND FINANCE

(Common to MECH., ICE, ECE, EEE & EIE)

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OBJECTIVES:
To impart knowledge to find solutions and approaches for various projects
To familiarize the utilization of project within time, resource and financial constraints
UNIT I
PROJECT MANAGEMENT CONCEPTS
9
Concept and characteristics of a project, importance of project management, types of project,
project organizational structure, project life cycle, Statement of Work, Work Breakdown Structure.
UNIT II
PROJECT PLANNING
9
Project Planning and Scheduling techniques - developing the project network USING CPM/PERT,
constructing network diagram, AON basics, Forward Pass and backward pass, Limitations of
CPM/PERT, Precedence Diagramming Method, constructing diagram and computations using
precedence diagramming method, PERT/CPM simulation, reducing project duration.
UNIT III
RESOURCE SCHEDULING & CRITICAL CHAIN SCHEDULING 9
Resource Scheduling - Resource allocation method, splitting and multitasking, Multi project
resources scheduling - Critical Chain Scheduling -Concept of critical chain scheduling - critical
chain scheduling method, application of Critical chain scheduling and limitations.
UNIT IV
PROJECT QUALITY MANAGEMENT
9
Concept of project quality, responsibility for quality in projects, quality management at different
stages of project, tools and techniques, Quality Management Systems, TQM in projects - Project
performance Measurement and Control - Monitor and assess project performance, schedule, and
cost. Earned value Management, performance measurement. methods to monitor, evaluate, and
control planned cost and schedule performance - Project Closure/ Termination - Meaning of
closure/ termination, project audit process, termination steps, final closure.
UNIT V
FINANCIAL ACCOUNTING
9
Balance sheet and related concepts - Profit & Loss Statement and related concepts - Financial
Ratio Analysis - Cash flow analysis - Funds flow analysis Comparative financial statements
- Analysis & Interpretation of financial statements. Investments - Risks and return evaluation
of investment decision - Average rate of return - Payback Period - Net Present Value - Internal
rate of return.
TOTAL: 45 Periods
COURSE OUTCOMES:
After successful completion of this course the students will be able to
Describe the various characteristics and need of project management
Compare the tools for critical scheduling and planning process
Explain the project quality management
Discuss Cash and Funds flow analysis
TEXT BOOKS:

1. Clifford F Gray, Erik W Larson, Project Management-The Managerial Process, Tata

Mcgraw-Hill Publishing Co Ltd.
2. Prasanna Chandra, Fundamentals of Financial Management, Tata Mcgraw-Hill Publishing
Ltd, 2005.
REFERENCE BOOKS:
1. Jack Meredith, Samuel J, Mantel Jr, Project Management- A Managerial Approach, John
Wiley and Sons.
2. John M Nicholas, Project Management for Business and Technology, Prentice Hall of India
Pvt Ltd.
3. Paresh Shah, Basic Financial Accounting for Management, Oxford University Press, 2007.
4. Rick A Morris, The Everything Project Management Book, 2008.