IIT Delhi Executive Programme in Advanced Project Management - Batch 05

• Project Lifecycle
• Current drivers of Project Management
• Project Governance
• Project Management Processes and their classification
• Project Integration Management

Learning Outcome

Understand the foundational principles, lifecycle, and governance of projects; Familiarize with key project integration processes.

• Strategic Management Process
• Project Portfolio Management
• Financial Models to evaluate project feasibility
• Managing the Portfolio system
• Project Management Structure, Organization Culture

Learning Outcome

Learn to align project management with organizational strategy; Apply portfolio and financial models for project selection.

• Project scope and Priorities
• Work Breakdown Structure (WBS) and integration
• Responsibility Matrices
• Estimating Project Times and Costs
• Methods for estimation
• Critical Path Method
• Crashing in CPM
• Project evaluation review technique
• Monte Carlo Simulation methods in Project Management

Learning Outcome

Develop project scope, WBS, and schedules; Estimate time, cost, and analyze risks using tools like CPM and Monte Carlo simulation.

• Resource Scheduling Problem
• Types of resource constraints
• Classification of projects based on resources
• Resource Allocation Methods
• Benefits of Scheduling resources
• Multiproject resource schedules
• Developing Project Cost baseline

Learning Outcome

Gain proficiency in handling resource constraints and multiproject schedules; Understand resource allocation and cost baselines.

• Theory of constraints
• Critical Chain solution to Project scheduling
• Critical chain activity network
• Critical Chain Project Portfolio Management

Learning Outcome

Apply Theory of Constraints to scheduling; Implement Critical Chain methodology for improved project execution.

• Cost Management basics, Cost Estimation
• Creating a project budget
• Top-down and Bottom – up budgeting
• Activity based costing
• Budget uncertainty and risk management
• Risk management process
• Risk Breakdown Structure
• Contingency Planning
• Opportunity Management
• Change control Management
• Risk Management Tools
• Risk Mitigation Strategies

Learning Outcome

Master cost estimation, budgeting methods, and risk/uncertainty management through structured budgeting and control techniques.

• Basics of financial management
• Options, futures and contracts
• Real options
• Real options in project management
• Advantages of using real options in project management

Learning Outcome

Apply real options thinking to enhance strategic decision-making and flexibility in project investment evaluation.

• Project leadership
• Managing Project Stakeholders
• Social network building
• Team development models
• Building high performance project teams
• Managing virtual project teams
• Project team pitfalls

Learning Outcome

Build and manage effective, high-performance, and virtual teams; Learn stakeholder and leadership engagement strategies.

• Enhancing Virtual Communication through Digital Collaboration Tools
• Virtual Project Team Management Strategies
• Best Practices for Digital Presentations and Reporting in Projects
• Global Issues in Project Management

Learning Outcome

Use digital tools to enhance collaboration in distributed teams; Apply best practices for virtual project management.

• The Planning-Monitoring-Controlling cycle
• Monitoring Project Performance
• Earned Value analysis and Indexes
• Purposes of Project Control
• Control of change and scope creep

Learning Outcome

Learn to monitor and control project performance using tools like EVA; Understand scope change control and feedback cycles.

• Traditional versus Agile methods
• Steps in Agile PM
• Agile PM in action: Scrum
• Applying agile PM to large scale projects
• Limitations

Learning Outcome

Differentiate traditional and agile methods; Implement agile practices such as Scrum in real-world projects.

• Transactions cost theory and the theory of firms
• Outsourcing project work
• Best practices in outsourcing
• Managing customer relations
• Contract Management
1. Fixed Price contracts
2. Cost Plus Contracts
• Contract Management Control System

Learning Outcome

Understand outsourcing strategies and contract types; Manage vendor/customer relations and contract performance.

• Data analytic methods in project management
• Data analytics applied to Project Selection
• Resource Assignment
• Resource Scheduling
• Project risk management
• Use Cases of Data driven decision making in project management

Learning Outcome

Leverage analytics for project selection, resource planning, and risk mitigation; Apply data-based decision-making approaches.

• Applications of AI and Machine Learning Techniques in Project Management
• Use Cases for Machine Learning and AI for issues in project Management
• Impact of Digital Tools and Software on Project Efficiency (e.g., Jira, Asana)

Learning Outcome

Explore AI/ML applications and digital tools for improving project efficiency and decision quality.

• Project Audit
• Project Audit life cycle
• Audit report
• Types of project closure
• Wrap-up closure activities
• Post-Implementation evaluation
• Retrospectives

Learning Outcome

Learn to conduct audits, manage project closure, and derive insights through post-implementation reviews.