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Registration for the Fall 2019 semester begins June 25.  Watch your email for more details.

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Managing Project Costs, Quality, Risks and Procurements

Course Code: BUSN 3630
Faculty: Commerce & Business Administration
Department: Business
Credits: 3.0
Semester: 15 weeks
Learning Format: Lecture, Seminar
Typically Offered: TBD. Contact Department Chair for more info.
course overview

This course will look at cost planning and management throughout a project. The class will learn about: estimating techniques; creating a scope baseline; and determining the project budget and managing costs through earned value management (EVM). This course will also cover tools and techniques common to managing and planning quality and risk in a project. Tools such as cost-benefit analysis, cause and effect diagrams, flowcharts, check sheets, Pareto diagrams, histograms, and other similar tools will be explored. In addition, the class will learn about project procurement topics including: creating a vendor list, selecting a vendor, creating procurement contracts and managing procurements throughout the project. These topics will be presented using a combination of real world examples, case studies, exercises and theory.

Course Content

  1. Planning and managing costs throughout a project: estimating techniques, cost-benefit analysis, creating a scope baseline, determining the project budget and managing costs through EVM
  2. Planning and managing project quality: definition; standards; cost of quality; sampling; statistics; qualitative and quantitative quality management; organizational maturity models; flowcharts; check sheets; Pareto diagrams; histograms and other tools will be explored
  3. Planning and managing project risks: definition, identifying risks, analyzing risks, planning and carrying out risk responses; the risk register
  4. Planning and managing project procurement: the build/buy decision, creating a vendor list, selecting a vendor, creating procurement contracts and managing procurements throughout the project
  5. Integrating cost, risk, quality and procurement management into the overall project management framework to ensure overall project success

Methods of Instruction

Lecture, seminar, case studies, exercises, group discussions

Means of Assessment

Tests *

20% - 40%

Assignments/Term Project(s) (min 2)

20% - 40%

Participation

  5% - 10%

Final Examination

20% - 30%

Total 

       100%

 *A combination of quizzes and/or midterms, with no single assessment in this group worth more than 25% of the final grade.

Note:  Students must achieve a grade of at least 50% on the combined examination components to pass the course.

Learning Outcomes

Students who successfully complete the course will be able to:

  1. define project costing, project quality management, project risk management and project procurement management;
  2. manage project costs throughout a project using tools such as estimating, budgeting, measuring, cash-flow management and EVM;
  3. manage project quality including setting standards, determining the cost of quality management, measuring quality, qualitative and quantitative methods for managing the quality of project processes, and the quality of project results;
  4. manage project risks, from explaining the vital importance of this process to identifying, analyzing, planning and carrying out risk responses;
  5. manage project procurement: identify procurement requirements; the tendering process; Request for Proposal (RFP), Request for Quote (RFQ), legal issues, contracts, change management processes; allocation of risk; payment options; the relationship between the contractor and the purchaser of project supplies or services; identifying deficiencies and closing a contract; and;
  6. integrate the knowledge learned in each knowledge area into the overall management of a complex project.

course prerequisites

BUSN 3600 Project Management Essentials
or COBA 3200 Project Management

Corequisites

None

curriculum guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester/year of the course, consider the previous version as the applicable version.

course schedule and availability
course transferability

Below shows how this course and its credits transfer within the BC transfer system. 

A course is considered university-transferable (UT) if it transfers to at least one of the five research universities in British Columbia: University of British Columbia; University of British Columbia-Okanagan; Simon Fraser University; University of Victoria; and the University of Northern British Columbia.

For more information on transfer visit the BC Transfer Guide and BCCAT websites.

assessments

If your course prerequisites indicate that you need an assessment, please see our Assessment page for more information.