MECH 0015 (Industrial Project Management)
Simulated Project Report Guidelines
Introduction: Introduce the company you have selected by providing brief history about the company’s products/services and select a project (product or service) which would serve as a case study for your simulated project. In addition, you are required to meet the Project Manager/Managing Director/Project Engineer or any other personnel responsible for the project you have selected to perform the following tasks. You need to tell who you have met in the company/factory, when you have met them and their roles. [20 marks]
Task 1: Project Management. [20 Marks]
- Functions of project managers in terms of the project goals and objectives of the selected project (cost, time and quality/scope/performance). (7 Marks) Define the tasks involved in the selected project. (6 Marks)
- How the objectives of the selected project can be achieved (project monitoring, project management tools including procurement, integration, time, quality, cost, human resources etc). (7 Marks)
Task 2: Financial Management. [20 Marks]
- How is the selected project financed? (5 Marks)
- How is the finance of the project controlled? (5 Marks)
- The training organized for team member to provide skills in project account cost. (5 Marks)
- Project financial management used: top-down or bottom-up? Specify which type of the financial management under top-down or bottom-up. (5 Marks)
Task 3: Risk Management. [20 Marks]
- Needed resources, associated budgets, completion timelines for your selected project. (5 Marks)
- How is risk managed in the project (risk averter, risk neutral and risk seeker? (5 Marks)
- How are risks in budget regulated or monitored? (5 Marks)
- Any contingency arrangements (funds)? (5 Marks)
Task 4: Project Evaluation and Termination. [20 Marks]
- Formative evaluation mechanisms related to your selected project. (10 Marks)
- Summary evaluation mechanisms related to your selected project. (10 Marks)
USA 
India