Techno-economic analysis and project management

ID: 1248
Course type: scientific and vocational
Course coordinator: Bugarić S. Uglješa
Lecturers: Bugarić S. Uglješa
Contact: Bugarić S. Uglješa
Level of studies: M.Sc. (graduate) Academic Studies – Mechanical Engineering
ECTS: 6
Final exam type: written
Department: Department of Industrial Engineering

Lectures

Goal

Students acquaintance with the goals of techno-economic analysis and the goals, processes and stages of project management. Acquaintance and mastering with modern methods, techniques, tools and areas of knowledge necessary for successful project management.

Outcome

Upon completion of the course syllabus students will be able to: • Explains the concept of the project and its most important characteristics, the organizational structure of project management, the role of stakeholders in project realization, • Understand the concept of project management methodology and project management processes, • Apply techno-economic analysis tools and techniques for project rentability, • Develops a WBS structural diagram in order to define the scope of the project, • Use a Gantt chart and network diagram to plan and track the order and dependencies of activities, • Explains the importance of managing project costs, • Explain quality control methods and techniques, • Apply tools and techniques to support human resource management, risk management and procurement on the project, • Recognize the importance of communication management in order to create good relationships for all stakeholders involved in project implementation, • Apply adequate software in project management.

Theoretical teaching

Definition and concept of the project. Classification and basic characteristics of projects. The concept of project management. Techno-economic analysis (static and dynamic measures of project profitability assessment). Organizational structures for project management. Participants in project implementation. Project life cycle. Project Management Processes (Group of processes for: project initiation, project planning, project execution, project monitoring and control, project completion). Project integration management. Project Scope Management. Project time management. Project Cost Management, Project Quality Management. Human resource management. Project communication management. Project risk management. Procurement management for the project. Introduction to basics and navigation in SAP solutions based on SAP ERP.

Practical teaching

Determination of payback period, determination of present and future value of money, determination of net present value and profitability index. Network diagram structure analysis. Time analysis by the CPM method. Time analysis by PERT method. Determination of project completion probabilities and project costs using analytical methods and simulation. Project cost analysis and monitoring. Determination of risk in project realization. Working in specialized software packages (MS - Project, Exercises & Case Study - SAP module PS - Project Management).

Attendance requirement

None

Resources

1. Software: SAP ERP. 2. Software: MS Office. 3. Software: MS – Project (Project management). 4. Personal computers.

Assigned hours

Total assigned hours: 75

Active teaching (theoretical)

New material: 20
Elaboration and examples (recapitulation): 10

Active teaching (practical)

Auditory exercises: 10
Laboratory exercises: 10
Calculation tasks: 0
Seminar paper: 10
Project: 0
Consultations: 0
Discussion/workshop: 0
Research study work: 0

Knowledge test

Review and grading of calculation tasks: 0
Review and grading of lab reports: 0
Review and grading of seminar papers: 5
Review and grading of the project: 0
Test: 5
Test: 0
Final exam: 5

Knowledge test (100 points total)

Activity during lectures: 10
Test/test: 40
Laboratory practice: 0
Calculation tasks: 0
Seminar paper: 20
Project: 0
Final exam: 30
Requirement for taking the exam (required number of points): 30

Literature

Јовановић П., Управљање пројектом, ФОН, Београд, 2006. ; Kerzner H: “Project Management”, VIII издање, John Wiley & Sons, New Jersey, 2003. ; Bugaric, U.: Lecture handouts, Faculty of Mechanical engineering Belgrade, Belgrade, 2019. ; Bugaric, U., Petrovic, D.: Servicing system modelling, Faculty of Mechanical engineering Belgrade, Belgrade, 2011. ; PMBOK - guide, Project management institute, 4th edition, FTN, Novi Sad, 2010. (in Serbian).