Project Management
As taught in: Spring 2009
Course Description
1.040 Project Management focuses on the management and implementation of construction projects, primarily infrastructure projects. A project refers to a temporary piece of work undertaken to create a unique product or service. Whereas operations are continuous and repeating, projects are finite and have an end date. Projects bring form or function to ideas or need. Some notable projects include the Manhattan Project (developing the first nuclear weapon); the Human Genome Project (mapping the human genome); and the Central Artery Project (Boston's "Big Dig"). The field of project management deals with the planning, execution, and controlling of projects.
The course is divided into three parts:
Part 1: project finance Part 2: project evaluation Part 3: project organization
This course will cover the basic tools, skills, and knowledge necessary to successfully manage a project through its inception, design, planning, construction, and transition phases. There will be several guest lectures discussing current projects, and a construction site visit to MIT's Media Lab extension.
Syllabus
Course Meeting Times
Lectures: 2 sessions / week, 1.5 hours / session
Calendar
LEC # | TOPICS | KEY DATES |
---|---|---|
1 | Introduction | |
2 | Introduction II | |
3 | Project organization and contracts | |
4 | Construction finance | |
5 | Working the globe Guest lecture: Fred Berger Privatization | |
6 | Public-private partnerships in financing of infrastructure | Assignment 1 due |
7 | Private finance initiative | |
8 | Project finance | |
9 | How to get involved in private finance | Term project proposal due |
10 | Case studies I | |
11 | Case studies II | Assignment 2 due |
12 | Risk analysis | |
13 | Risk management | |
14 | Project financial evaluation Guest lecture: Massood Samii, Southern New Hampshire University | |
15 | Cost benefit analysis Guest lecture: Massood Samii, Southern New Hampshire University | Assignment 3 case selection due |
16 | Guest lecture: Massood Samii, Southern New Hampshire University | |
17 | Capital program management Guest lecture: Chris Gordon, Harvard University Construction site visit | |
18 | Project organization I | |
19 | The World of Skanksa and The Road Ahead Guest lecture: Jim Becker, Skansa AB | |
20 | Project organization II | Assignment 3 due |
21 | Project control | |
22 | Project management engineering, procurement and construction | |
23 | Identifying and covering risks—current trends | |
24 | Masdar City: Zero Carbon, Zero Waste: 'Someday is Today' Guest lecture: Khaled Awad Project uncertainty management | Term project report due |
25 | Term project presentations |
Lecture Notes
Notes are available for selected lectures below.
LEC # | TOPICS |
---|---|
1 | Introduction (PDF) |
2 | Introduction II (PDF) |
3 | Project organization and contracts (PDF) |
4 | Construction finance (PDF) |
5 | Working the globe Guest lecture: Fred Berger (PDF - 1.4MB) (Courtesy of Fredric Berger and The Louis Berger Group, Inc. Used with permission.) Privatization (PDF) |
6 | Public-private partnerships in financing of infrastructure (PDF) |
7 | Private finance initiative (PDF) |
8 | Project finance (PDF) |
9 | How to get involved in private finance (PDF) |
10 | Case studies I |
11 | Case studies II |
12 | Risk analysis |
13 | Risk management |
14 | Project financial evaluation Guest lecture: Massood Samii, Southern New Hampshire University (PDF) (Courtesy of Massood Samii. Used with permission.) |
15 | Cost benefit analysis Guest lecture: Massood Samii, Southern New Hampshire University (PDF) (Courtesy of Massood Samii. Used with permission.) |
16 | Guest lecture: Massood Samii, Southern New Hampshire University |
17 | Capital program management Guest lecture: Chris Gordon, Harvard University (PDF - 9.8MB) (Courtesy of Chris Gordon. Used with permission.) Construction site visit |
18 | Project organization I (PDF) |
19 | The World of Skanksa and The Road Ahead Guest lecture: Jim Becker, Skansa AB (PDF - 3.7MB) (Courtesy of Jim Becker. Used with permission.) |
20 | Project organization II (PDF) |
21 | Project control |
22 | Project management engineering, procurement and construction (PDF) |
23 | Identifying and covering risks—current trends (PDF) |
24 | Masdar City: Zero Carbon, Zero Waste: 'Someday is Today' Guest lecture: Khaled Awad Project uncertainty management (PDF) |
25 | Term project presentations |
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