MCCCD Program Description

Project Time and Cost Management

Course: MGT243

First Term: 2007 Summer I

Lecture 2 Credit(s) 2 Period(s) 2 Load
Subject Type: Occupational
Load Formula: S

Description: Time management and cost management in a project environment, including activity definition, sequencing and duration estimating. Schedule development and specific tools to support schedule creation and control. Project cost management including resource planning, cost estimation, cost budgeting, and cost control

MCCCD Official Course Competencies
1. Describe the concept of project time management and the history of project scheduling methods. (I) 2. Develop a project activity list, and define predecessor and successor relationships. (I, II) 3. Create activity duration estimates. (II) 4. List pros and cons of activity on arrow (AOA) method versus precedence diagram method (PDM). (II) 5. Develop a project network diagram. (II) 6. Compare the uses of Bar Charts versus PERT/CPM Networks. (II) 7. Solve free slack and total slack sample problems. (II, III) 8. Calculate program evaluation and review techniques (PERT) durations using optimistic, pessimistic, and realistic estimates. (III) 9. Describe resource allocation, resource balancing, resource pool, crashing of resources and fast tracking. (IV, V) 10. Apply the critical path method (CPM) and program evaluation and review techniques (PERT) to project schedules. (V) 11. Develop a project schedule for a sample project. (V) 12. List advantages of proper project schedule control. (VI) 13. List the types of project costs. (VII) 14. Describe opportunity costs, sunk costs, committed costs, and target costing. (VII) 15. Provide examples of direct and indirect costs. (VII) 16. Solve a simple net present value, internal rate of return, and payback period analysis problem. (VII) 17. Calculate cost of capital and labor costs for sample problems. (VI) 18. List examples of parametric estimation, analogous estimation, and bottom-up estimation. (VII) 19. Develop a sample project budget. (VIII) 20. Describe the use of contingency funds and management reserve. (VIII) 21. Solve a sample earned value problem. (VIII) 22. List various types of modern project accounting tools. (VIII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Project Scheduling A. Activity Definition B. Work breakdown structure C. Scope statement D. Creating an activity list II. Activity Sequencing A. Types of dependencies B. Predecessor and successor relationships C. Precedence diagramming method D. Arrow diagramming method E. Conditional diagramming method F. Bar charts III. Activity-Duration Estimating A. Estimation techniques B. Estimation tools IV. Resource Planning A. Types of resources B. Resource pool C. Resource allocation V. Schedule Development A. Analysis, duration compression and simulation B. Resource balancing C. Critical path method (CPM) D. Software tools VI. Schedule Control A. Performance reports B. Analysis techniques C. Schedule change control D. Labor time tracking systems VII. Project Costs A. Project Costing Fundamentals B. Cost Estimation C. Parametric estimating D. Analogous estimating E. Bottom-up estimating F. Estimation issues G. Cost management plan H. Software tools VIII. Budgeting A. Cost Control B. Earned Value Management C. Project Accounting Tools

MCCCD Governing Board Approval Date: 5/22/2007

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.