5-Day MBA in Project Management: Micro Master Program

Introduction

In today's globally competitive environment, organizations across government, industry, and commerce rely on projects to achieve their objectives. They utilize project management principles and techniques to deliver products and services effectively. This professional course on project management delves into both fundamental and advanced aspects of project management theories and practices.

Objectives

By the end of this 5-Day MBA in Project Management: Micro Master Program course, participants will be able to:

• Link project goals and objectives with stakeholders’ needs and expectations.
• Utilize work breakdown structures effectively.
• Set realistic and measurable objectives for project performance.
• Estimate project timelines and costs using proven techniques.
• Establish and monitor an effective project control system.
• Manage project risks through a practical, step-by-step process.
• Assess project threats and opportunities and their potential impacts.
• Address psychological barriers to risk in stakeholders.
• Apply project management tools and techniques to ensure timely, budget-compliant delivery.
• Enhance organizational capability to deliver projects successfully with appropriate processes and best practices.
• Comprehend the project manager’s role in improving project performance and profitability.

Training Methodology

• Case Studies
• Interactive Workshops
• Group Discussions
• Simulation Exercises

Course Outline

Unit 1: Foundations of Project Management

• The nature of projects and project management.
• Project, program, and portfolio management.
• Strategic planning in project management.
• Management versus engineering criteria.
• The project life cycle.
• Dealing with the triple constraints.
• Control of project risks.
• Stakeholders in project management.
• Stakeholder management.
• Project manager’s roles and responsibilities.
• Functions of Senior Management.
• Processes involved in project management.
• Hard and soft skills in project management.
• The Project Management Body of Knowledge (PMBOK).
• Project management improvement stage.
• Common project organizational structures.
• Project Management Office (PMO) and its functions.
• Types of contracts in project management.
• Generic management cycle in project management.

Unit 2: Definition, Organization, and Scheduling of the Project

• Appropriating a project charter.
• Identifying stakeholders.
• The planning process.
• Project planning overview.
• Crafting the project mission, vision, goals, and objectives.
• Basic project planning phases.
• Specifying success criteria.
• Developing requirements.
• Defining project scope.
• Procurement planning: ‘make’ or ‘buy’.
• Defining the work breakdown structure.
• Organization breakdown structure.
• Responsibility Assignment Matrix.
• Identifying and arranging project activities.
• Estimating activity resources and durations.
• Staffing management plan.
• Scheduling project execution.
• Estimating costs and budget determination.
• Performance Measurement Baselines.
• Communication plan.
• Quality management planning.

Unit 3: Risk Management Planning

• Introduction to risk management.
• Definitions: Certainty, risk, uncertainty.
• Definition of project risks.
• What is risk management?
• Core components of risk management.
• Risk management planning process.
• Risk identification.
• Risk issue filtering.
• Risk assessment and prioritization.
• Qualitative and quantitative risk analysis.
• Risk avoidance and contingency plans.
• Flow risk tracking and reporting.
• Risk management organization and responsibilities.
• Risk management plan documentation and database preparation.
• Output of risk management planning.

Unit 4: Project Execution, Monitoring, and Control

• Managing project execution.
• Monitoring work performance information.
• Team management.
• Managing stakeholder expectations.
• Tracking project deliverables.
• Defining project control basis.
• Controlling project purpose.
• Project control documentation.
• Earned Value Management (EVM) concept.
• Change control.
• Quality assurance and quality control (QA/QC).
• Document and communication control.
• Procurement management.
• Risk management control process.
• Implementing risk avoidance and contingency plans.
• Risk reporting and reviews.
• Assessing performance evaluation of risk activities.
• Revising risk management strategy.
• Managing risk parameters.
• Risk management processes and tools.

Unit 5: Project Closure

• Project management issues.
• Components for effective project closure.
• Goals of project closure.
• Procedures for closing a project.
• Termination of contracts.
• Administrative closure process.
• Interaction of project and contract closure.
• Punch-list approach.
• Lessons learned.
• Evaluation of results post-completion.
• Celebrating success.