Mining and Minerals Engineering

CSM2187 - Project Management and Accounting (2012)

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MODULE TITLEProject Management and Accounting CREDIT VALUE15
MODULE CODECSM2187 MODULE CONVENER Neill Wood V.R., A.R.S.M., F.H.E.A. (Coordinator)
DURATION: TERM 1 2 3
DURATION: WEEKS 10
Number of Students Taking Module (anticipated) 80
DESCRIPTION - summary of the module content

This module assumes no prior knowledge.  It is designed to give students a combination of theoretical project management and financial assessment tools based on an experience based approach to practical project management.  Many real life examples are used to illustrate aspects of project failure.  It is not intended or expected that students will be capable project managers after completing this module but students should have a grasp of project management techniques, the principle causes of project failure, and an understanding of the importance of relevant experience.  Financial management is explored, primarily in a project context.

Although it is assumed that students will primarily be interested in multi-disciplined construction based projects, other project management environments are also discussed where appropriate.

AIMS - intentions of the module

An introduction to both quantitative and qualitative project management techniques and an overview of methodologies that minimize the risk of project failure.  Students will also be given a basic understanding of financial project appraisal and an understanding of investor priorities.

INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)

On successful completion of this module you should be able to demonstrate:

Module Specific Skills and Knowledge:

1. Exhibit a sound knowledge of a range of project management principles.  Theory is placed in context with many examples given in lectures of real situations where project management techniques were applied with varying degrees of success.  Project appraisal is approached through financial analysis, particularly cash flow, supported by basic skills in financial interpretation and an overview of finance from an investor’s perspective.

2. Understand the balance between the objectives of time, cost and quality whilst also providing an acceptable level of health and safety.  The formal project management skills covered include project planning, estimating techniques, critical path analysis, S-curves, earned value analysis, risk assessment, quality management, safety monitoring and project reporting.  Students are also introduced to the basic principles of contract law.

Discipline Specific Skills and Knowledge:

3.Demonstrate awareness of the appropriate management method to deal with standard project management tasks, but will also have an appreciation of the practical difficulties and common failings that are typically encountered in a real project management situation.  Students will be expected to ascertain the financial viability and requirements of a project proposal.  Students will be expected to analyse and interpret typical project progress data, and to use that data as a basis for appropriate management decisions.

4.Exhibit project and financial management skills in the context of a high value, multi-discipline construction environment.  Financial appraisal is taught in the context of a large scale construction based project and investment issues are dealt with in the context of a company listed on a major stock exchange.

Students are encouraged to supplement their formal studies with independent study.  During lectures, reference will be made to various high profile projects as examples of specific issues and students should access publically available information on these projects to acquire a deeper understanding of the issues in a practical situation.

Personal and Key Transferable/ Employment Skills and  Knowledge:

5.Have a basic grasp of the practical application of project management and financial appraisal techniques.  This requires the development of not just problem solving skills, but also an appreciation of how to identify risk and manage uncertainty, and how to focus on the key issues in a complex environment.

SYLLABUS PLAN - summary of the structure and academic content of the module

Lectures

Topic 1 Introduction to basic concepts

Topic 2 Scope of Work

Topic 3 Work Breakdown Structure

Topic 4 Critical Paths

Topic 5 Project Monitoring and Review

Topic 6 Project Estimating

Topic 7 Risk Assessment and Management

Topic 8 Earned Value Analysis

Topic 9 Project Appraisal

Topic 10 Contract Law

Topic 11 Basic Interpretation of Accounts

Topic 12 The Investor Perspective

Topic 13 Cash Flow and Project Appraisal

Topic 14 Contextual summary and revision

LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning & Teaching Activities 40.00 Guided Independent Study 110.00 Placement / Study Abroad
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
Category Hours of study time Description
Scheduled learning & teaching activities 38 Lectures
Scheduled learning & teaching activities 2 Informal tutorials
Guided independent study 110 Private study

 

ASSESSMENT
FORMATIVE ASSESSMENT - for feedback and development purposes; does not count towards module grade
SUMMATIVE ASSESSMENT (% of credit)
Coursework 40 Written Exams 60 Practical Exams
DETAILS OF SUMMATIVE ASSESSMENT
Form of Assessment % of Credit Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Examination 60 2 hours 1-4 Exam mark
Assignment 40 2000 words 1-5 Individual feedback
         
         
         

 

DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
Original Form of Assessment Form of Re-assessment ILOs Re-assessed Time Scale for Re-reassessment
Summative assessment Additional assessment As above August Ref/Def period
Examination Additional examination As above August Ref/Def
       

 

RE-ASSESSMENT NOTES

As above 1 piece of CW 40% and/or 1 Exam 60%

RESOURCES
INDICATIVE LEARNING RESOURCES - The following list is offered as an indication of the type & level of
information that you are expected to consult. Further guidance will be provided by the Module Convener

ELE – College to provide hyperlink to appropriate pages

 

Web based and electronic resources:

 

www.businessballs.com/project.htm                                                                                                   

Reading list for this module:

Type Author Title Edition Publisher Year ISBN Search
Set Lock, Dennis Project Management 9th Gower Publishing Limited 978-0-566-08769-1 [Library]
Set Collier, Paul M. Accounting for Managers 4th Wiley 9781119979678 [Library]
Set Barker, Richard Short Introduction to Accounting Cambridge University Press 978-0521179478 [Library]
CREDIT VALUE 15 ECTS VALUE 7.5
PRE-REQUISITE MODULES None
CO-REQUISITE MODULES None
NQF LEVEL (FHEQ) 2 (NQF Level 5) AVAILABLE AS DISTANCE LEARNING No
ORIGIN DATE Wednesday 27 June 2012 LAST REVISION DATE Monday 17 September 2012
KEY WORDS SEARCH None Defined