PAD756

Project Analysis And Implementation

Management Sciences
700 level
2 credit units
123 pages
19 units

This course introduces students to project analysis and implementation, covering the evaluation of projects from initiation to implementation. It explores the project cycle, engineering analysis, and demand/market evaluation, including financial and economic analyses. The course aims to sharpen skills in evaluating new and existing projects, enabling students to decide whether they meet predetermined investment criteria. Emphasis is placed on understanding the social, political, and economic forces shaping project outcomes.

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About this course

Difficulty: Intermediate
Study hours: 156 hours
Maths: Intermediate
Content: Theoretical, practical, case study
Practical work: Yes

How it is assessed

Assignments
Tutor Marked Assignments
Final Examination

What you'll read

The real module and unit structure of PAD756, taken from the course material NOUN publishes.

Module 1

Module 2 · Man Power Planning and Analysis

Module 3

Module 4 · RISK AND COST ANALYSIS

One paragraph, so you can see how it reads

PAD756 · UNIT 2 THE PROJECT CYCLE

So before we go into the real subject of our discussion –Project Evaluation, we need to build a strong background. This background is in the form of proper understanding of how a project is conceived. It explains who conceives a project. It also explains the flow of activities up to the execution of the project.

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What you should be able to do

Discuss the totality of project evaluation.
Prepare simple project plans/business plans.
Evaluate projects submitted for consideration.
Analyze the profit ratio and social profit of a project.
Understand the project cycle and its various stages.

What it prepares you for

Careers

Project Manager
Business Analyst
Investment Analyst
Financial Analyst
Public Administrator

Where it is applied

Construction
Manufacturing
Finance
Public Sector
Consulting

Where it gets hard

The units students slow down on, and what makes each one heavy.

Module 3: Project Income and Evaluation
Unit 2: Projected Cash Flow Statements
Projected cash flow statements require a deep understanding of accounting principles and the ability to forecast future financial performance accurately, which can be challenging for students without a strong financial background.
Module 3: Project Income and Evaluation
Unit 3: The Projected Balance Sheet
Constructing a projected balance sheet involves understanding the relationships between assets, liabilities, and equity, and requires accurate forecasting of future financial positions.

A suggested way through it

Suggested

13 weeks, about 40 hours in total. Yours will differ.

Week 1Module 1: Project Meaning
- Unit 1: The Meaning of Project · 2 hours
  Read the definition of a project and its characteristics.. Differentiate between a project and a programme.. Complete Self Assessment Exercise on the differences between Project and Programme..
- Unit 2: The Project Cycle · 2 hours
  Explain the concept of a project cycle.. Describe the sequences in a project cycle.. List the stages of a project cycle.. Complete Self Assessment Exercise 1..
Week 2Module 1: Project Meaning
- Unit 3: Project Analysis – An Introductory Format · 2 hours
  Explain the format for project evaluation.. Understand the technical and engineering segment checklist.. List and explain five items that you hope to find in the checklist of the management segment of a project evaluation..
- Unit 4: Factors Affecting the Location of Projects · 2 hours
  Explain the factors affecting the location of projects.. List and discuss four factors that have influenced the location of industrial projects in your present environment..
Week 3Module 1: Project Meaning
- Unit 5: Capacity and Production Planning · 2 hours
  Explain capacity and production planning.. Describe the practical applications in industry.. A plant can produce 2000 sachets of water per hour, all things being equal. What is the installed capacity of the plant per annum?. Study the production plan and make sure you understand it..
- Unit 6: The Concept Of Engineering Evaluation · 2 hours
  Explain manpower planning and evaluation.. Discuss the practical applications in industry.. List and explain four departments that could be found in a big manufacturing firm..
Week 4Module 2: Project Planning and Analysis
- Unit 1: Manpower Planning and Evaluation · 2 hours
  Explain manpower planning and evaluation. Discuss the practical applications in industry. List and explain four departments that could be found in a big manufacturing firm.
- Unit 2: Demand Analysis · 2 hours
  Explain what a demand analysis is. Discuss how to conduct demand analysis. There are 400,000 persons in a city called Ireoluwa. Each person in the city drinks a bottle of water daily. What is the annual demand for water in Ireoluwa..
Week 5Module 2: Project Planning and Analysis
- Unit 3: Supply Analysis · 2 hours
  Explain what a supply analysis is. Discuss it in relation to project evaluation. Explain the supply equation and its relevance.
- Unit 4: Competition and Marketing Plans · 2 hours
  Explain the meaning of competition. Discuss marketing plans and how they are designed. In evaluating the outlook for an industry, list and discuss four items that you think are important.
Week 6Module 2: Project Planning and Analysis
- Unit 5: Project Cost Analysis · 2 hours
  Explain what project cost analysis is. Discuss how the analysis can be prepared. List and explain 10 items which you think should appear in a project cost analysis of a start-up sachet water manufacturing plant.
Week 7Module 3: Project Income and Evaluation
- Unit 1: Projected Income Statement · 2 hours
  Explain the meaning of projected income statement. Discuss its application in project evaluation. Prepare a projected income statement. List and explain four expense items that can be found in a projected income statement.
Week 8Module 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 the usefulness.
Week 9Module 3: Project Income and Evaluation
- Unit 3: The 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. Discuss the components of a balance sheet.
Week 10Module 3: Project Income and Evaluation
- 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.
Week 11Module 3: Project Income and Evaluation
- Unit 5: Introduction to Economic Analyses · 2 hours
  Explain the meaning of an economic analysis. Distinguish between an economic analysis and a financial analysis. Compare and contrast financial analysis and economic analysis.
Week 12Module 4: Risk and Cost Analysis
- Unit 1: The Evaluation Methods · 2 hours
  Explain the meaning of Evaluation. Analyse the purpose of evaluation and classify difference types of project evaluation. Discuss the nature of evaluation of a project.
- Unit 2: Concept of Risk in an Organization · 2 hours
  Explain the potential risk to mankind. Differentiate between speculative risk and operational risk. Describe the relevance of risk management within corporate strategies.
Week 13Module 4: Risk and Cost Analysis
- Unit 3: Risk and Uncertainty · 2 hours
  Explain the term uncertainty. Distinguish between risk and uncertainty. Differentiate between objective and subjective risks. Discuss the different attitudes to risk.
- Unit 4: Assessment of Social Profitability · 2 hours
  Explain the meaning of profit. Discuss social profitability plans and how they are designed. In evaluating the outlook for profitability, list and discuss four items that you think are important.

Preparing for the exam

What to do

Create a detailed study schedule, allocating specific time slots for each unit, focusing on Modules 2 and 3.
Practice constructing projected income statements, cash flow statements, and balance sheets using sample data.
Review key project evaluation criteria (NPV, IRR, payback period) and practice applying them to different project scenarios.
Understand the factors affecting project location and capacity planning, focusing on real-world examples.
Prepare concise summaries of each unit, highlighting key concepts, formulas, and evaluation methods.
Form study groups to discuss challenging concepts and practice problem-solving, especially for quantitative units.
Review all Tutor-Marked Assignments (TMAs) and their solutions to identify areas of weakness and reinforce understanding.
Focus on understanding the differences between financial and economic analysis, and how to apply them in project evaluation.
Practice identifying and assessing various types of risks (speculative, operational) and their impact on project outcomes.
Create concept maps linking units on demand analysis, supply analysis, and competition to understand market dynamics.
Prioritize understanding of discounted cash flow methods (NPV, IRR) and their application in project selection.
Allocate extra study time to challenging units like 'Projected Cash Flow Statements' and 'The Projected Balance Sheet'.
Ensure you can apply the supply equation and understand its components.

Questions students ask about this course

What is PAD756 about?

How many units does PAD756 have?

PAD756, Project Analysis And Implementation, has 19 units across 4 modules, over 123 pages of course material. You can read it one unit at a time.

How many credit units is PAD756?

PAD756 carries 2 credit units, at 700 level in Management Sciences.

Is PAD756 hard?

PAD756 is rated intermediate level, with intermediate mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.

How long does PAD756 take to study?

About 156 hours of study, spread across its 19 units.

How is PAD756 assessed?

PAD756 is assessed by Assignments, Tutor Marked Assignments and Final Examination.

What can I do with PAD756?

Project Manager, Business Analyst, Investment Analyst, Financial Analyst and Public Administrator.