You'll also discover the roles performed by the project manager, examine the difficulties associated with quantifying transaction costs in major project management and consider how different management approaches impact on these costs. Optimism bias and strategic misinterpretation regularly cause delays to major engineering projects. Using stimulating case studies, you'll evaluate the measures of success and compare and contrast 'project success' versus 'project management success'. In the final week of the course, you'll research and present a contemporary example of a major engineering project from your own country.
This course explores concepts analysed in the University’s Online MSc in Engineering Management. If you are interested to develop your skills further, take a look at our online degree.
Course 1 of 3 in the Managing Major Engineering Projects Specialization.
What You Will Learn
- Understand the key phases of a project life cycle
- Discriminate between projects, programmes and portfolios and identify the key characteristics of major projects
- Define forms of bias and strategic misinterpretation and ways of mitigating against them
- Analyse the cost and time performance indicators of major projects
WEEK 1: Major engineering project performance
WEEK 2: Programmes, portfolios and transaction costs
WEEK 3: Time and cost in major projects
WEEK 4: Project management success vs project success
WEEK 5: Project