Faculty of Engineering and Computer Science

ENGR 301 Engineering Management Principles

& Economics
Fall 2015

Course Objectives
At the end of this course, students are expected
to have a general understanding of the
principles of project management and
engineering economics which is neccessary
for:
-Engineers working as Project Managers

-Engineers working in Projects

-Engineers in charge of making decisions with

Economic considerations
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Course Title:
Term:
Instructor:

ENGR 301 Engineering Management

Principles & Economics
Fall 2015
Dr. Fuzhan Nasiri
Office: EV 6.207,
Email: fuzhan.nasiri@concordia.ca

Lecture:

Time [Tue & Thr 16:15-17:30],

Classroom [H-415]

Tutorial:

A) Time [Thr 17:45-18:35],Classroom [TBA]

B) Time [Thr 19:45-20:35],Classroom [TBA]
C) Time [Tue 19:45-18:35],Classroom [TBA]
D) Time [Tue 19:45-20:35],Classroom [TBA]

Office Hour:

Tue 13:30-15:30
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 Required Course Text Book

Engineering Management Principles and Economics,
custom Pearson ebook available through the Concordia
Bookstore. This ebook comprises several chapters taken from
references 1 and 2 below as well as some chapters prepared by
Dr. C.J. Willis and some sections prepared by Dr. G.J. Gouw. This
ebook is available for rental from the Campus Bookstore (in
person from the cashier or online from the Bookstores website).

E-Textbook:
http://www.pearsoncustom.com/can/concordia_engi_econ/
Suggested Readings:
Jeffrey, K. Pinto (2012). Project Management: Achieving Competitive
Advantage (3rd Edition), Prentice Hall, ISBN: 978-0132664158
Niall M. Fraser, Elizabeth M. Jewkes (2012). Engineering Economics:
Financial Decision Making for Engineers (5th Edition), Pearson
Education Canada, ISBN: 9780132935791
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Topic

Lectures

Introduction

Project Management Stakeholders & Organization

Project Management Contract Management

Project Management Delivery & WBS

Project Management Planning & Scheduling

Project Management Planning & Scheduling

Project Management Costing

Project Management Costing

Engineering Economics Time Value of Money

Engineering Economics Cash Flows

10

Engineering Economics Interest Rates

11

Midterm Revision

12

Midterm Exam

October 20
5

Topic

Lectures

Engineering Economics Interest Rate II

13

Engineering Economics Project Evaluation I

14

Engineering Economics Project Evaluation II

15

Engineering Economics Decision Making with Alternative Projects I

16

Engineering Economics Decision Making with Alternative Projects II

17

Engineering Economics Replacement Analysis

18

Engineering Economics Other Economic Evaluation Techniques

19

Engineering Economics Depreciation I

20

Engineering Economics Depreciation II

21

Engineering Economics Tax I

22

Engineering Economics Tax II

23

Engineering Economics Inflation

24

Final Revision

25
6

Grading:
Assignments

10%

Midterm Exam

35%

Final Exam

55%

Faculty of Engineering and Computer Science

ENGR 301

Introduction to Project Management

D. Fuzhan Nasiri
Fall 2015

Contents
Basics
Project
Phases of a Project
Project Management

Project Management Objectives

Project Management Past & Present
Project Management Training & Associations
Project Management Knowledge Areas

Basics: Project
Projects are unique, transient endeavours undertaken to
achieve a desired outcome. [Association for Project
Management, 2004]

A project is a temporary endeavour undertaken to create a

unique product or service. [Project Management Institute,
2004]

A unique set of coordinated activities, with definite starting and

finishing points, undertaken by an individual or organisation to
meet specific performance objectives with defined schedule,
cost and performance parameters. [British Standard 6079,
2000]

10

Basics: Project (Common Aspects)

11

Basics: Phases of a Project

Inception
The project is first visualized by the investors/owners.
Feasibility & Planning
Timing, costs, and budget of the project is estimated by the
investor/owner.
Design
The components and activities of the project are determined by
architects/Engineers
Procurement
The requirements of the projects are acquired/purchased
Construction
The project is implemented
Commissioning & Start-up
The project is delivered to the owners/investors
12

Basics: Project Management

Project Management is the application of knowledge, skills, tools,
and techniques to project activities in order to meet project objectives
in all phases of the project (Project Management Institute - PMI)

13

Project Management Objectives

Estimated

Actual

Cost: $7 million

Over $100 million

Time: 4 Years

14 Years

From a project management perspective, it was a failure.

But
From the perspective (quality) of what is delivered, it is, in
fact, considered a success.
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Project Management Objectives

The aim of a project management practice is to deliver a project on
Time, Cost, and Quality targets (Triangle of Values).

15

Project Management Past & Present

16

Project Management Training & Associations

Project Management Institute (PMI)
A US-based institution with worldwide chapters and a
global membership body of over 300,000 professionals
devoted to promoting project management profession
by providing and establishing training, networking,
research, standards, and publication services. Project
Management Professional (PMP) certificate issued by
PMI is considered a standard credential and
requirement for project managers.
Association for Project Management (APM)
A UK-based project management association with
global membership mainly involved in provision of
qualification for project management professionals,
including Registered Project Professional (RPP) and
Certified Project Manager (CPM).
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Project Management Knowledge Areas

18

Project Management Knowledge Areas

1. Project Integration Management: Processes
required to ensure proper coordination of various
project elements and activities which consists of
Project Plan Development, Project Plan Execution,
Integration Change Control.
2. Project Scope Management: Processes required to
ensure that project contains and delivers all the
required work which includes Scope Initiation,
Planning, Definition, Verification, and Change
Control.
3. Project Time Management: Processes required to
ensure timely completion of the project which
includes Activity Definition, Sequencing, Duration
Estimation, Schedule Development, and Schedule
Control
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Project Management Knowledge Areas

4. Project Cost Management: Processes required to
ensure the project is completed within the planned
budget which includes Capital Planning, Cost
Estimating, Budgeting, and Cost Control

5. Project Quality Management: Processes required to

ensure the project satisfies the needs for which it was
undertaken which includes Quality Planning, Quality
Assurance, and Quality Control

6. Project Human Resource Management: Processes

required to ensure most effective use of people
involved which includes Organizational Planning,
Staff Acquisition, and Team Development
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Project Management Knowledge Areas

7. Project Communications Management: Processes
required to ensure timely and appropriate handling of
project information which include Communications
Planning, Information Distribution, Performance
Reporting, Administrative Closure
8. Project Risk Management: Processes concerned
with identifying, analyzing, and responding to project
risk which include Risk Identification, Risk Analysis,
Risk Monitoring, Risk Management and Response
Planning
9. Project Procurement Management: Processes
required to acquire goods & services from outside
organization which include Procurement and
Solicitation Planning, Solicitation, Source Selection,
Contract Management
21

Next Session
Project Organization

Project Stakeholders

22

Thank You!

23