Course Detail

Project Management (40111)

Course Description by Faculty

  • Chayet, Sergio
  • Content
    Change management has become synonymous with project management, since organizations who want to change their focus or direction increasingly recognize that introducing new products, processes, or programs in a timely and cost effective manner requires professional project management. This course analyzes complex projects and discusses available tools for managing them, covering both the fundamental aspects of modern project management, as well as state-of-the-art knowledge and methodologies for managing real-world projects.

    Some of the topics covered include critical project success and failure factors, effective project planning for cost and time, the critical path method, earned value analysis for project management and control, project planning with uncertainty (PERT, Monte Carlo simulation, and cycling in precedence networks), critical chain, project risk management, managing multiple stakeholders, project portfolio management, managing multiple projects, project contracts, and agile/scrum project management. The course provides exposure to commercial project management software and to how to overcome its limited functionality to address the needs of risky complex projects in practice. Students learn project management skills that will be useful throughout their careers. Therefore, this course is essential for any current or future managers (unless they are already highly experienced project managers), regardless of their career concentration.

    Most sessions consist of in-depth case discussion, integrated with theory; making the course ideal preparation for many cases encountered during job interviews.

  • Prerequisites
    Any previous or concurrent exposure to basic statistics is helpful.
    • No non-Booth Students

  • Materials
    Critical Chain by Goldratt and a Canvas site with readings, lecture notes, and handouts.
  • Grades
    Based on a mid-term and final exam, case analyses, homework, and class contribution. Cannot be taken pass/fail. No auditors or non-Booth students.
    • No auditors

    • No pass/fail grades

  • Syllabus
  • Summer 2023Section: 40111-85S 9:00AM-12:00PMLocation: TBDRemote-Only
Description and/or course criteria last updated: April 26 2023