PROJECT CONTROL SYSTEM
SYLLABUS
UNIT I
Project Decision Making – Concept and Design – Types of Decision – Approaches to Decision Making – Decision
Systems – Information needs of Different Decision Systems.
UNIT II
Multiple Projects and Constraints – Methods of Ranking – Mathematical Programming Approach – Linear Programming
Model; Goal Programming Model – Queuing Models for Decision Making – Elements of Different Queuing Models
– Uses and Limitations.
UNIT III
Risk Analysis: Measures of Risk – Mathematical Analysis, Sensitivity Analysis – Simulation Analysis, Decision Tree
Analysis – Selection of Project – Risk Analysis in Practice – Portfolio Theory approach – CAPM Approach – Little
Mirrlees Approach – Applied Utility Theory, Approach – Abandonment Value Analysis.
UNIT IV
Network Analysis and Decision Making – PERT and CPM Techniques – Nature and Uses thereof in decision
making. Project scheduling: Crash coursing in project decision.
UNIT V
Project Monitoring and Management Information System – Role of Computer – Resource Monitoring and Control –
Project Management Softwares.