Project Management
The course establishes the fundamental common concepts of traditional project management based on the world-wide standards — Project Management Institute (PMI) methodology — and then introduces the strategic approach to project management and the concept of project leadership.

Konstantin Kontor
Konstantin Kontor is Director and professor of finance and strategy at AIBEc.
In 2000 – 2009 Mr. Kontor also served as visiting professor of financial strategy at the Stockholm School of Economics in Riga, where he taught courses in finance, strategy, and M&A for BA and EMBA students.
Sergey Gadetsky
Teaches HR and Project Management at AIBEc.
Project management consultant. Specialist in the area of HR systems integration into a corporate business process framework.

Purpose of this Course
In today's increasingly complex business environment, more and more of the work companies do is done in the form of projects. In fact, the most interesting, cutting-edge work happens today within the context of a project. The fact that projects are often charting new courses represents the appeal and risk of becoming project managers. To be profitable and successful, an organization's projects must be completed on time and on budget, while also meeting its goals. As a result, the art of project management has become increasingly vital to businesses everywhere. While each project is unique, there are common tools and techniques that can be applied to managing the work to a (usually) successful conclusion. These tools include strong team building, negotiation, and planning. There are industry standards and vocabulary that can be learned to make transitioning between different organizations as a project manager much easier.

AIBEc's Project Management course establishes the fundamental common concepts of traditional project management based on the world-wide standards — Project Management Institute (PMI) methodology in which the project life-cycle is broken into organizing, planning, monitoring, controlling and learning. Within the framework, you will learn the methodologies and tools necessary for each aspect of the process as well as the theories upon which these are built. Such comprehensive exploration of the project management discipline uncovers the critical thinking — the why — vital to project management excellence.

Practical, straightforward, and comprehensive, this one-of-a-kind Project Management Certification Course is the bible for project managers everywhere and it offers unsurpassed insight on the methodology and critical-thinking skills that form the cornerstone of any successful project.
Upon completion of this course, students should:

  • Develop international employability by commitment to project management.
  • Understand the key aspects of Project Management framework.
  • Identify the key Project Management processes according to the PMI's BMPOK.
  • Understand the strategic role of project management in creating and enhancing a firm's competitive advantages.

Course Materials
  • Kerzner, Harold. Project Management: A Systems Approach to Planning, Scheduling, and Controlling, Wiley & Sons, 10th Ed, 2009.
  • Kerzner, Harold. Project Management: Case Studies, Wiley & Sons, 3rd Ed, 2009.
  • Project Management Institute, A Guide to the Project Management Body of Knowledge, PMI, 2004.

Team Cases: Students will be split in teams and team cases will be assigned to each team to be presented according to the class schedule. The case will follow the GAP Analysis Methodology presented in class. The deliverable will be PowerPoint Slides and a 10 minute Oral Presentation.

Class Participation: Students are expected to be present for all classes and must not be late. Active participation in class discussions is strongly encouraged and graded. Further, lectures will be supplemented with materials, which are not mentioned in the text, and the students are responsible for these materials.

Mid-Term and Final Exams: Comprised from the issues discussed in class, from lecture materials, your required texts and team case presentations, these will be 2 hour written examinations that include true-false, fill-in, and multiple choice questions.

Class participation ___________ 10%
Team cases __________________ 40%
Mid-term exam _______________ 20%
Final exam ___________________ 30%
Total ________________________ 100%

Course Topics
  1. GAP Analysis methodology.
  2. The world of project management. PM framework — processes.
  3. The Manager, the Organization, and the Team — stakeholders & influencers.
  4. Planning the Project. PM knowledge areas: integration & scope management.
  5. Budgeting the Project. PM knowledge areas: time & cost management.
  6. Scheduling the Project. PM knowledge areas: HR & communications management.
  7. Monitoring and controlling the Project. PM knowledge areas: quality & risk management.
  8. Evaluating, auditing, and terminating the Project. PM knowledge areas: procurement management.
  9. Modern PM, PMO, scope changes, crisis management.

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