Project Management
- Management Sciences
- 400 level
- 3 credit units
- 123 pages
- 15 units
This course introduces students to the fundamental principles and practices of project management. It covers key areas such as project planning, cost estimation, team-based structures, and implementation strategies. Students will learn about monitoring and evaluation techniques, risk management, and the importance of effective communication within project teams. The course also explores financial aspects, including projected income statements, cash flow statements, and balance sheets, providing a comprehensive understanding of project management from conception to completion.
About this course
- Difficulty
- Intermediate
- Study hours
- 208 hours
- Maths
- Intermediate
- Content
- Theoretical, case study, problem solving
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ENT403, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
ENT403 · UNIT 1 PROJECT CONCEPT AND PLANNING (USAGE OF VARIOUS CHARTS)
The inputs of the project planning phase 2 include the project charter and the concept proposal. The outputs of the project planning phase include the project requirements, the project schedule, and the project management plan.
What you should be able to do
- Explain the nature and purpose of project management
- Discuss the key functions in project management
- Explain the project management process
- Explain project implementation processes
- Apply project evaluation criteria
- Prepare projected financial statements
What it prepares you for
- Project Manager
- Business Analyst
- Management Consultant
- Entrepreneur
- Financial Analyst
- Construction
- Information Technology
- Healthcare
- Manufacturing
- Financial Services
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 3: Project Income and Evaluation
Unit 1: Projected Income Statement
Requires a strong understanding of accounting principles and financial statement analysis, which may be challenging for students without a finance background.
- Module 3: Project Income and Evaluation
Unit 2: Projected Cash Flow Statements
Involves complex calculations and forecasting techniques to estimate future cash inflows and outflows, demanding a high level of analytical skill.
- Module 3: Project Income and Evaluation
Unit 3: Projected Balance Sheet
Requires a comprehensive understanding of assets, liabilities, and equity, as well as the ability to project these components into the future.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1Module 1: Project Concept and Planning
Unit 1: Project Concept and Planning · 2 hours
Define project management, its purpose, and different types of projects.. Analyze the objectives of project execution, including time, performance, and budget..
- Week 2Module 1: Project Concept and Planning
Unit 2: Team Based Structure · 2 hours
Examine team-based structures and their importance in project management.. Discuss group dynamics and team building strategies.. Analyze the importance of communication within a project team..
- Week 3Module 1: Project Concept and Planning
Unit 3: Cost Estimate · 2 hours
Understand cost definitions and principles in project management.. Learn about direct costs, factory costs, fixed costs, and indirect costs.. Explore work breakdown structures for cost estimation..
- Week 4Module 1: Project Concept and Planning
Unit 4: Monitoring and Evaluation · 2 hours
Explain the processes of planning, executing, monitoring, and controlling projects.. Differentiate between monitoring and evaluation.. Analyze the monitoring and controlling cycle..
- Week 5Module 1: Project Concept and Planning
Unit 5: Project implementation strategy · 2 hours
Understand the skills required for project implementation.. Describe the roles of a project manager as a communicator, leader, coordinator, and motivator.. Learn about project plan monitoring and control..
- Week 6Module 2: Project Definition
Unit 1: Project Definition · 2 hours
Explain the project definition process.. Discuss the stages of a project cycle, including idea, identification, evaluation, selection, and execution.. Learn how to define a project for financial appraisal..
- Week 7Module 2: Project Definition
Unit 2: Project Planning and Scheduling · 2 hours
Explain factors affecting project planning.. Discuss project planning and scheduling, including the planning time frame.. Analyze project matrix charts and bar charts..
- Week 8Module 2: Project Definition
Unit 3: Types of Planning and Sustainable Business Success · 2 hours
Elucidate planning in occupation and various types of plans.. Understand the crucial components of strategic planning.. Highlight the characteristics of strategic, tactical, and operational plans..
- Week 9Module 2: Project Definition
Unit 4: Project Management · 2 hours
Define project management and its processes.. Identify international standards and guidelines.. Differentiate between project and product life cycles.. Apply PERT and CPM techniques..
- Week 10Module 2: Project Definition
Unit 5: Replacement Model · 2 hours
Define replacement models and their application.. Explain equipment maintenance, replacement, and reengineering.. Identify types of failures and replacement strategies..
- Week 11Module 3: Project Income and Evaluation
Unit 1: Projected Income Statement · 2 hours
Explain the meaning of a projected income statement.. Discuss its application in project evaluation.. Prepare a projected income statement..
- Week 12Module 3: Project Income and Evaluation
Unit 2: Projected Cash Flow Statements · 2 hours
Explain what a projected cash flow statement is.. Explain how it can be prepared.. Explain its usefulness..
- Week 13Module 3: Project Income and Evaluation
Unit 3: Projected Balance Sheet · 2 hours
Explain the meaning of a projected balance sheet.. Explain the preparation of the projected balance sheet.. Prepare a projected balance sheet..
Unit 4: Project Evaluation Criteria · 2 hours
Discuss project evaluation criteria.. Distinguish between the traditional criteria and the discounted cash flow relative to project evaluation..
Preparing for the exam
- Create a detailed study schedule allocating specific time slots for each unit.
- Focus on understanding the key concepts and principles of project management.
- Practice solving numerical problems related to cost estimation and financial analysis.
- Review all tutor-marked assignments and identify areas where you need further clarification.
- Create concept maps linking different project management processes and their interdependencies.
- Form a study group with fellow students to discuss challenging topics and share insights.
- Practice past exam questions to familiarize yourself with the exam format and difficulty level.
- Pay close attention to the case studies and try to apply the project management principles to real-world scenarios.
- Prioritize studying the units related to financial analysis and project evaluation criteria.
- Ensure you understand the differences between financial analysis and economic analysis.
- Review the formulas for calculating payback period, accounting rate of return, net present value, and internal rate of return.
- Practice time management during the exam by allocating a specific amount of time to each question.
- Stay calm and focused during the exam, and don't be afraid to ask for clarification if needed.
Questions students ask about this course
What is ENT403 about?
This course introduces students to the fundamental principles and practices of project management. It covers key areas such as project planning, cost estimation, team-based structures, and implementation strategies. Students will learn about monitoring and evaluation techniques, risk management, and the importance of effective communication within project teams. The course also explores financial aspects, including projected income statements, cash flow statements, and balance sheets, providing a comprehensive understanding of project management from conception to completion.
How many units does ENT403 have?
ENT403, Project Management, has 15 units across 3 modules, over 123 pages of course material. You can read it one unit at a time.
How many credit units is ENT403?
ENT403 carries 3 credit units, at 400 level in Management Sciences.
Is ENT403 hard?
ENT403 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical, case study and problem solving work.
How long does ENT403 take to study?
About 208 hours of study, spread across its 15 units.
How is ENT403 assessed?
ENT403 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ENT403?
Project Manager, Business Analyst, Management Consultant, Entrepreneur and Financial Analyst.