MODULE DISTRIBUTION
PROM 9214 Principles of Project Management 10 Credits
The module of principles of project management covers conceptual meaning of project, programme and portfolio management, initial projects, project planning in terms of integration and scope management, time and cost management, project quality, human resource, communications, stakeholders. It also gives insights to students on execution of projects, and best practices in project management. It exposes the learners on project stakeholders, project management process groups and knowledge areas, project management tools and techniques.
PROM 9221 Project Planning and Design 10 Credits
This module introduces the students with project identification, project preparation, project implementation planning as design phase, project start up, project execution, and project sustainability as implementation phase. Topics include project activity planning, building and cost estimate, scheduling project life cycle, risks in building projects, conceptual and design phase, organization of the design department, design process and risk management, risk and experience feedback in practical use in building projects, innovation in business start-ups, project delivery methods, building information modelling (BIM), project process, project design for diverse facilities. Resource allocation, project control, project auditing, project termination, etc.
PROM 9222 Project Risk Management 10 Credits
This module contains the basics of project risk management which includes a risk management approach, establishing the risk context, risk identification, qualitative risk assessment, semi quantitative risk assessment, risk treatment, monitoring and review, communication and reporting. It equips students with extending the basic process such as tender evaluation, contracts and risk allocation, market testing and outsourcing, public-private partnerships and private financing, technical tools and techniques and environmental risk management. Finally, it ends by dealing with quantification of project risks, where cost-estimation is done, and capital evaluation for large resource projects, risk analysis and economic appraisal by using risk management checklist worksheets and evaluation tables.
PROM 9223 Project Financing, Procurement and Contract Management 10 credits
This module equips the learners with the meaning of project finance, types of project finances, benefits and disadvantages of project finance, participants in project financing, risk sharing, dimensions of project finance, project selection and feasibility. It deals with procurement dimensions where there is contract negotiation stage, money raising stage in which there is securing lowest financing costs, achieving highest risk- reward trade-off possible, and minimizing exposure to the project, avoiding financial statement consolidation, tax efficiency and negotiating for highest degree of management control. It gives insights on theory and practice of project finance, project characteristics, risk analysis and risk management, role of advisors in a project finance deals, valuing the project and project cash flow analysis, financing the deal and legal aspects of project finance.
PROM 9224 Project Monitoring & Evaluation 10 Credits
Project monitoring and evaluation (M&E) is about collecting, storing, analyzing and finally transforming data into strategic information so it can be used to make informed decisions for program management and improvement, policy formulation, and advocacy. This module covers the definition of the project baseline, its purpose, principles, and baseline schedule. It deals with performance reporting, evaluation and recording of project progress, variance analysis methods of progress monitoring, performance analysis methods of progress monitoring, cost control, short- term planning, record keeping and learning, record keeping, document management, handover and closeout, documenting lessons learned among others.