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Syllabus - Spring'10

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  • 1. REES 461 Project Management & Construction – Syllabus Spring 2010 Instructor Dr. Sofia V. Dermisi Associate Professor of Real Estate Walter E. Heller College of Business Administration Roosevelt University Phone: 312-281-3355 Fax: 312-281-3290 E-mail: sdermisi@roosevelt.edu Office: 18 S. Michigan, Room 810, Chicago Class Meetings, Office Hours, Attendance Requirements and Communication The class meets every Tuesday 6 - 8.30 pm and office hours are scheduled before class every Monday 4 - 5.30 pm or by appointment. The course has an attendance requirement on the following occasions: guest speaker presentations, day of the midterm, assignment submission dates and day of the final papers presentations. Beyond the classroom, students can schedule meetings with the instructor or ask questions mainly through email. The instructor will communicate changes to the syllabus or any other urgent messages to students by posting an announcement on blackboard and emailing everyone only at their Roosevelt University email. Students are requested to check at both sites before each class. Overview The course focuses on construction project management and the variety of elements and techniques students need to be knowledgeable on before entering the profession. Students benefit from an overview of general project management concepts and then move on an in depth analysis of the different phases and elements of construction project management. The course enhances students’ understanding of the material with the use of real life examples offered by guest speakers, hands on exercises and the introduction of software used by a large number of construction managers. The main goals of the course are: • Understand basic concepts of construction project management • Learn how to apply techniques which enhance project efficiency and effectiveness • Learn from guest speakers’ how to prepare and how to react to a worst case scenario 1
  • 2. All lecture materials are posted on the course blackboard website (http://roosevelt.blackboard.com) at least three days in advance of each lecture. The blackboard course site also includes up-to-date news on Chicago’s real estate markets, updated almost on a daily basis from various sources by the instructor. All communications from the instructor to the students will be conducted ONLY through their Roosevelt Email. Texts & Equipment: - Required Textbooks: Gould F. and N. Joyce, “Construction Project Management”, 3rd Edition, Prentice Hall, 2009 Newitt J.S., “Construction Scheduling – Principles and Practices”, 2nd Edition, Prentice Hall, 2009. - Optional texts: Nicholas J., (2001), “Project Management for Business and Technology – Principles and practice”, 2nd edition, Prentice Hall Expectations & Grading The course final grades are curved based on the performance of all students in the class. The determining factors of the final grade are: attendance- participation in classroom exercises, four take home assignments, a midterm and a final paper (Table 1). Attendance will be taken during guest speakers’ presentations, midterm, assignment submission dates and the final paper presentation date. As a first assignment students should examine a successful and a failed real estate project and explain their assessment with 6 bullet points and one paragraph (e.g. Chicago Spire etc.) As a second assignment students need to visit a local project and report on the following: 1) the trades that are working there, 2) provide a short description of the work of each trade, 3) identify the delivery method employed, 4) the type of contract employed & between which parties (create an organizational diagram) and 5) the number of subcontractors used and under what type of contract. The third assignment will focus on the bidding process and problems during construction. The fourth assignment is a critical path construction problem, which requires students to calculate start and finish dates by task. All assignments require students to form teams of two and submit one report per team. The students also need to form two member groups for their final paper, which can focus on any construction management topic of their interest. The final paper should not exceed 15-pages (1.5 line spacing) including the illustrations and scheduling charts. Table 2 provides a breakdown of the areas all final papers will be graded on. 2
  • 3. Table 1. Percentage determinants of final course grade Week Week Assigned Report is Due Points Attendance & participation in classroom exercises 5% Assignment 1 Week 2 Week 4 & discussion 10% Assignment 2 Week 3 Week 6 & discussion 10% Assignment 3 Week 5 Week 9 & discussion 10% Assignment 4 Week 9 Week 12 & discussion 10% Midterm Week 7 30% Final paper -presentation Week 14 5% Final paper – report due May 10th 20% Total points 100% Table 2. Final paper point breakdown Category Points 1. Analysis of construction management issue 15% 2. Depth of research in the topic of interest a. Literature review (academic journals, companies/project reports, newspapers etc.) 40% b. Interviews with real estate professionals c. Comparative analysis with other companies or projects d. SWOT analysis 3. Construction scheduling 15% 4. Justification of personal views 15% 5. Conclusion of study 15% 6. Complexity of paper (bonus points) 5% Total points 105% Participation, student writing support and plagiarism Questions and discussion is encouraged during the class lectures. Students who have not written a short paper before or in a while can request additional guidance from the instructor and/or the following sources: - Roosevelt University Writing Center: http://www.roosevelt.edu/writingcenter/default.htm - Indiana University: http://www.indiana.edu/~wts/pamphlets.shtml - University of Wisconsin – Madison: http://www.wisc.edu/writing/Handbook/ Academic dishonesty (plagiarism or cheating) will be dealt with in accordance with the university policy. Discussion and collaboration during the midterm exam is unacceptable and at a minimum you will receive a zero. Similarly, if someone is found cheating or plagiarizing in their case study submissions as well as their final paper they will be dealt with in accordance with the university policy. The following websites provide insight on both plagiarism and cheating and students will not be able to plea ignorance and will be held accountable for their actions. 3
  • 4. - Roosevelt University – Academic Integrity: http://www.roosevelt.edu/plagiarism/default.htm - Indiana University: http://www.indiana.edu/~wts/pamphlets.shtml Although Real Estate events have been considered in the design of this schedule, students will be notified in advance of any changes due to guest speaker availability or any other unforeseen factor at the time being. Any changes to the syllabus will be posted on blackboard and emailed to all students ONLY to their Roosevelt University emails. Course Outline – Topic Overview Week 1 (Jan. 25): Overview of Course, Evolution of PM, characteristics and principles Readings: Chapter 1 from Newitt & power point slides • Course structure: topics covered, exams, grades • Objectives in Managing Projects & Project Management Evolution • Types of Project Managers & their characteristics Week 2 (Feb. 1): Conflict & success in PM. Introduction to Construction industry & participants Readings: Chapters 1 and 2 from Gould & Joyce & power point slides Assignment 1 Given out Classroom exercise: SWOT exercise • Sources of conflict & ways to success • Construction project challenges • SWOT analysis Week 3 (Feb. 8): Organizing a construction project and delivery methods - guest speaker: Jon Dennis Readings: Chapters 3 & 4 from Gould & Joyce Assignment 2 Given out • Organizational charts and types of companies • Risks and delivery methods Week 4 (Feb. 15): Project Chronology Readings: Chapters 5 & 6 from Gould & Joyce Assignment 1 Due Classroom exercise: discussion of Assignment 1 • Stages of project design • Identifying the right Construction Manager for your project and his tasks Week 5 (Feb. 22): Personnel and costs - guest speaker: Robert Jericho – Joseph Freed Associates Readings: Chapters 7, 8 and 9 from Gould & Joyce Assignment 3 Given Out Classroom exercise: Bid case • Bidding process & worse case scenarios • Construction & estimating Week 6 (Mar. 1): Project Planning & Scheduling 4
  • 5. Readings: Chapters 10 &11 from Gould & Joyce; Ch. 2, 3 from Newitt Assignment 2 Due Classroom exercise: discussion of Assignment 2 • Introduction to scheduling & duration • Project Cost Week 7 (Mar. 8): Midterm (Mar. 15): SPRING BREAK Week 8 (Mar. 22): Bar Charts & Critical Path Method Readings: Chapters 4 and 5 from Newitt • Gantt & Pert Charts • Critical Path method Week 9 (Mar. 29): Network Diagrams, calculating start & finish – guest speaker: Robert Jericho – Joseph Freed Associates Readings: Chapters 6 through 8 from Newitt Assignment 3 Due Assignment 4 Given Out Classroom exercise: Construction problems • Network diagrams • Calculating start and finish dates Week 10 (Apr. 5): Reviewing- analyzing & updating schedules Readings: Chapters 11 and 14 from Newitt • Types of schedule relationships • Completion quintiles Week 11 (Apr. 12): Cost Schedule Control System Criteria (Online) Readings: Chapter16 from Newitt • Cost & schedule variance • Performance indexes Week 12 (Apr. 19): Workshop - Managing Projects Using Microsoft Project Readings: Chapter 22 from Newitt Assignment 4 Due • Software overview & examples Week 13 (Apr. 26): Workshop - Managing Projects Using Primavera P3 – guest speaker: TBD Readings: Chapter 20 from Newitt • Software overview & examples Week 14 (May 3): Student presentations Readings: None 5