Units
1.5 QUARTER UNITS
Course Description
Project managers are, above everything else, decision makers and problem solvers. A project manager's effectiveness is directly proportional to his or her decision-making ability. This course is for those professionals who want to improve their decision-making skills through the use of modern-day computer tools and techniques. Participants learn how to make effective decisions relating to project schedules, product design trade-offs, project cost estimating, problem solving and project risk analyses. Examples, in-class exercises and homework using spreadsheet techniques and Internet tools enable participants to become confident in the use and application of practical decision-making methods.
Topics
- Spreadsheet modeling and decision analysis
- Decision tools for project schedule management
- How to make multicriteria decisions using the Analytic Hierarchy Process (AHP
- Making effective project cost decisions
- How to use computer tools to optimize product designs
- Decision trees: when and how to use them
- How to make decisions when dealing with schedule and cost uncertainties
- How to select the most appropriate decision-making tool
Prerequisites / Skills Needed
Prerequisite:
- PPMT.X425 - "Project Management Fundamentals"
Additional Information
AI* - This course allows students to use AI to support homework and enhance data-driven storytelling, provided they are able to explain each step and demonstrate thoughtful oversight in their analyses.
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This course applies to these programs:
