Project Management is the science and art of managing the business of an organisation and growth of a nation by translating strategy into successful action. While quite a few Indian projects have achieved outstanding performance and even set international records, Project Management in India still has tremendous scope for improvement. A study by the Ministry of Statistics and Programme Implementation estimates the cost and time overrun in projects at INR 187,524 crores (30 billion USD). One of the reasons for India to be lagging behind China in economic development is the absence of certified Project Managers.
Realizing the need for a relevant programme on Project Management, IIMA started offering Executive Education in Project Management in 1985 and has till date trained over 2,080 executives in this area. The focus of the Programme has been on the Implementation Phase – the key area for the success of projects. Besides retaining the focus on the implementation phase of projects, the current programme also includes one session on Project Risk Management.
To develop an understanding of the tools and techniques for effective management of resources and cost in projects
To expose participants to the behavioural aspects of project management
To provide an insight into the network-based project monitoring system
To discuss various aspects related to contract management, project costing, budgeting and other related topics
To acquaint participants with project uncertainty and risk management.
Overview of project management, different stages of a project and slippages in projects.
Network Techniques: Activity, events, drawing of networks, critical path, float, methods to find critical path.
PERT: Uncertainty, estimation of activity time, network simulation, project completion probability.
Behavioural Aspects in Project Management: Project organisation structure, management of project personnel motivation, project manager's role, etc.
Project Monitoring: Hierarchy of networks, reporting formats, reporting frequency, reporting of cost and work value, rescheduling of projects.
Contract Management and Legal Aspects: Specification of contracts, criteria for awarding contracts, followup and coordination.
Project Risk Management: Composite impact factor, composite likelihood factor, risk time, risk cost, expected value method, variation, foreseen and unforeseen uncertainties.
Discussion on some excellent project management cases in India.
This programme is aimed at middle and senior executives who are planning to be involved in risk management in large national and international projects. The principles of project management will be applicable equally to conventional construction and infrastructure management sectors, service sectors (hotels, airlines, railways, telecom, internet service providers, power plants, call centres, BPOs, IT/ITES projects, defence services projects as well as projects in manufacturing sectors (process industries such as steel, aluminium, polymer, zinc, petrochemicals, cement, pharmaceuticals, etc.), persons involved in planning and monitoring of projects and those in government, financial institutions and other agencies coordinating implementation of various projects.
Participants will be able to get 35 PDUs for Project Management Institute Certification/Upgradation Process.
The pedagogical methods and materials will include lectures, discussions, case studies, exercises, and presentations by participants.