CEM235-Engineering Project Management

Module Provider: School of Construction Management and Engineering, School of Built Environment
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded: CEM102 Business of Construction CEM103 Project Management: Principles and Practice CEM104 Construction Cost Management: Principles and Practice CEM105 Emerging Economies Integrating Studies CEM201 An Introduction to Project Management CEM202 Construction Project Management
Module version for: 2016/7

Module Convenor: Dr Pablo Ballesteros-Perez

Email: p.ballesteros@reading.ac.uk

Summary module description:
This module will introduce the Project Management framework to students by defining what is a “project”, describing its lifecycle, differentiating the impact of organizational structure on project management and, finally, teaching them how to implement two well-known techniques that take place at the beginning – Financial appraisal – and along the execution phase – Earned Value Management – of any kind of project

Aims:
To understand and be familiar with the main concepts of Project Management Body of Knowledge ® and be able to implement and adapt, if necessary, two quantitative techniques – Financial appraisal and Earned Vale Management – in real-life renewable energy-related projects.

Assessable learning outcomes:
Concerning the Declarative knowledge, by the end of this module, the student will be able to:

1) Explain in his/her own words what are the main concepts in Project management (e.g. project, program, portfolio, project management, operations management, business value, project lifecycle, phases, processes and areas of knowledge)

2) Identify the major stakeholders and the organisational structures in project practice contexts.

Concerning Functioning knowledge, by the end of this module, the student will be able to:

3) Determine the financial feasibility of a renewable energy project by evaluating the more relevant decision making criteria (Pay-back, Net Present Value and Internal Rate of Return)

4) Monitoring project progress in both time and cost dimensions and propose alternatives to bring the project back on track when it runs into trouble

Additional outcomes:
5) To appreciate and judge the relationships of the main concepts explained and the two techniques learned with broader construction management-related areas of knowledge such as planning, cost control, risk management and quality assurance.

6) To apply Ms Excel (or equivalent software) for performing the calculations of Financial feasibility and Earned Value analyses so that it can be used in the future to solve and model other engineering problems.

Outline content:
The following topics will be covered (but not in chronological order!):

Project Management. First concepts:

1. What is a Project? Relationships among projects, programs and portfolios
2. What is Project Management? Project Management and Strategic planning
3. Operations Management versus Project Management
4. Business Value
5. Role of the Project Manager
6. Project Management Body of Knowledge and other standards
7. Organizational influence on Project Management
8. Project stakeholders and Project success
9. Project team
10. Project Life Cycle. Phases, processes and areas of knowledge

Project Management. First quantitative techniques:

1. Financial appraisal of projects/investment
1.1. Cash-flow (CF)
1.2. Pay-back (PB)
1.3. Net Present Value (NPV)
1.4. Internal Rate of Return (IRR)
2. Earned Value Management (EVM)
2.1. Key parameters (PV, AC, EV, ES)
2.2. Performance measurement. Variances and Indicators.
2.3. Forecasting. Time and Cost.

Global context:
Project management concepts are going to be approached from the Project Management Body of Knowledge ® (PMBoK) perspective. PMBoK is a USA standard for managing projects, which was the first and probably is the more common at an international level. However, this standard is certainly not the only one (e.g. the International Project Management Association competence baseline ® IPMA ICB which is widespread in Europe and other countries; and the Association for Project Management Body of Knowledge ® APMBoK which is UK-based). Interested students are invited to dig further in other standards that they might consider of interest, but for this first contact, the teacher considers the PMBoK ® proposes a very neat and clear approach to project management.

Brief description of teaching and learning methods:
Every session will normally start with a brief test so as to ensure that the student have performed some requested reading. Then the lecturer will alternate between 15’-lectures, group work, quizzes, videos, exercises, contests, case studies, and computer applications with MS Excel. Most of the reading will be expected to be done at home (but it will be tested!) so that the class time can be better spent devoted to active learning and inductive teaching.

Contact hours:
  Autumn Spring Summer
Lectures 8
Project Supervision 6
Practicals classes and workshops 8
Supervised time in studio/workshop 8
Guided independent study 70
       
Total hours by term 100.00
       
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written assignment including essay 25
Report 25
Project output other than dissertation 25
Set exercise 25

Other information on summative assessment:
The assessment mark will be the sum of four part with equal contribution to the final mark. The first part of the mark (25%) will be achieved depending on the student participation and minor assessments during the teaching week period (March 14th – 18th). The second part of the mark (25%) will rely on the creation from scratch of a challenging problem that requires the application of the Financial appraisal and the Earned Value Management techniques explained and practised along the module. It can be a problem for each technique or a single problem for both. The third part of the mark (25%) will be acquired after trying to solve one or two of the classmate’s problems. Finally, the last 25% will require that each student marks the person who tried to solve his/her problem. The teacher will personally mark a sample of assignments so that no student is encouraged to mark with a bias and/or to provide a peer with his/her case studies beforehand. The result of a misconduct in this regard will be penalised with a mark of 0 for that part. We do not bend grades, each student will get his/her grade depending exclusively on his/her effort.

Formative assessment methods:
Students will be provided with multiple individual and group course work along the teaching period. Some of that work will be considered as formative and some as summative (it will always be specified which kind of assessment the student will undertake prior commencing each task). In general, the morning reading tests will always be summative, whereas most of the group work will not be considered to contribute to the final mark, despite the student will need both to develop their skills and knowledge on the topic. However, this grading system might change depending on the teacher’s observations along the week. Other activities, such as quizzes, exercises and case studies will sometimes be marked by the lecturer and sometimes by their peers, but, in either case, they will sometimes be formative and sometimes summative.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy.Please refer to page 5 of the Postgraduate Guide to Assessment for further information:
http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:
The assignment will be eminently home-based and multi-staged so, there will not be a "Final examination"per se .

Requirements for a pass:
A mark of 50% overall

Reassessment arrangements:
Students are required to contact the Director of the MSc in Renewable Energy: Technology and Sustainability (Dr Maria Vahdati, Room Eng 208, m.m.vahdati@reading.ac.uk) to confirm reassessment arrangements

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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