PROJMGNT 1003 - Scheduling & Cost Management
North Terrace Campus - Semester 2 - 2022
General Course Information
Course Code PROJMGNT 1003 Course Scheduling & Cost Management Coordinating Unit Adelaide Business School Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Course Description This course presents important concepts in respect to time and cost as related to projects. The area of time management will be covered with some emphasis on the scheduling of activities and durations and their sequencing. This includes studying the critical path method, project evaluation review technique, project schedules and Gantt charts, milestones and reporting. The cost management component will look at a wide array of cost related measures. This will include cost planning, project feasibility, cost forecasting and estimates, budgets, earned value management, project cost accounting, cost control and reporting
Course Coordinator: Christian Hoyer
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course students will be able to:
- Outline important concepts in respect to project time and cost.
- Explain how project managers manage time and cost on projects.
- Demonstrate how project schedules are used to control project timelines.
- Describe how cost management is utilised on project work.
- Make use of tools and techniques as relevant to these areas.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1, 3, 4
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
2, 3, 4
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Required ResourcesTo be advised
Recommended ResourcesProject Management Institute (2017) A Guide to the Project Management Body of Knowledge (PMBOK®Guide), 6th Edition, Newtown Square, Pa, Project Management Institute.
Kerzner, H. (2017) Project Management: A Systems Approach to Planning, Scheduling, and Controlling, 12th Edition, Wiley & Sons, New Jersey.
Meredith, J. R., Mantel, S. J., Shafer, S. M. (2015) Project Management: A Managerial Approach, 9th Edition International Student Version, Wiley & Sons, New Jersey.
It is also useful to read relevant project management journal articles. In particular:
International Journal of Project Management
Project Management Journal
International Journal of Project Organisation and Management
The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. Access to the Library's electronic resources.
Online LearningMyUni is the University of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the University. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study.
Learning & Teaching Activities
Learning & Teaching ModesThe Scheduling and Cost Management course is taught on-campus via face to face lectures and tutorials.
The course teaches essential time and cost management concepts used within project management. Students will be required to broadly understand how time and money are managed on projects. There are recognised project management tools and techniques to control project time and cost and the use of these will be developed during lectures and tutorials.
Students will be able to access the course materials via the university’s online Canvas facility.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.Students are expected to attend lectures and tutorials as scheduled. Furthermore, students should prepare for lectures and revise post lecture to improve understanding of each week’s course module. Students will be directed to work on three different assessment pieces and submit for grading.
As a general guide, a 3 unit course requires:
Total workload hours: 12 Hrs per week x 13 weeks = 156 Hrs
Total contact hours: 3 Hrs per week x 12 weeks = 36 Hrs
Total self-guided study: 156 Hrs – 36 Hrs = 120 Hrs
Learning Activities Summary
Schedule Week Topic 1 Introduction to Scheduling and Cost Management 2 Planning for Time Management 3 Project Assessment – Activities and Durations 4 Schedule Development and Analysis 5 Schedule Management and Control 6 Cost Management Planning 7 Project Feasibility 8 Cost Forecasting and Estimating 9 Project Budgets and Accounting 10 Cost Variations and Control 11 Communication, Reporting and Lessons Learned 12 Course Revision and Assessment 3 Preparation
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
# Assessment Task Type Length Weight Learning Outcomes 1 Essay Individual 1000 words 20% 1, 2 2 Project Report Group 1500 words
30% 3, 4, 5 3 'Take Home' Assessment Individual To be confirmed 50% 1, 2, 3, 4, 5 Total 100%
Assessment Related RequirementsStudents should be aware that considerable knowledge and skills will be taught at lectures and tutorials. Hence, students should attend all classes in order to pass the course.
Course results may be subject to moderation by the Assessment Review Committee.
Assessment DetailEssay: this assessment will require students to look into the concepts of time on money in the context of projects. They will be asked to express acquired knowledge and thoughts in respect to the specified topic. The learning outcomes will be based on student ability to convey their understanding in respect to the scheduling and cost management of projects.
Project Report: the project report will give students the opportunity to investigate projects in respect to how time and cost aspects are planned, managed and controlled. The report should be professional and well-structured documenting key elements in respect to the scheduling and cost management of projects as applied to the specific assignment requirements. Learning outcomes will be assessed by students displaying their knowledge and ability in assessing time and money issues on projects.
'Take Home' Assessment: this assessment will replace the examination paper in 2020. The assessment will test the application of both scheduling and cost management knowledge and skills. The learning outcomes will be assessed by students correctly addressing the assesment requirenments as related to time and cost management.
All text based assignments must be submitted via MyUni:
- Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both).
- Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet (found in MyUni, under Modules) providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work. Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration.
- Backup Copy of Assignments: You are advised to keep a copy of your assignments in case the submitted copy goes missing. Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
- Assessment extensions request: An application for Assessment Extension should be made before the due date of the assignment to the Course Lecturer. Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date. Extensions will only be granted in cases of genuine medical, compassionate or extenuating circumstances. See sections 3 and 7a) i. in particular on assessment extensions in the Modified Arrangements for Coursework Assessment (MACA) Policy.
- Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade. Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.
- Resubmission: of an assignment after reworking it to obtain a better mark will not normally be accepted. Approval for resubmission will only be granted on medical or compassionate grounds.
- Appealing a mark or grade: If you are dissatisfied with your mark or grade, you may request a review or re-mark. There must be academic or procedural reasons for your request, so you can’t simply request a re-mark because you are disappointed with your result. For more information on the process see Assessment Grievance: Appealing a mark or grade
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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