Curricula

Objective

The student masters the basics of project management and financial management of projects as well as the process of project financing. The student understands the basic concepts of investment accounting and recognizes various calculation methods. The student is able to compare various investment alternatives.

Content

Project management and organization; project plan; time, resource and cost management; change management; risk management; project reporting.

Qualifications

Basic skills of business mathematics and accounting.

Assessment criteria, satisfactory (1)

1 (Sufficient) : The student has a theoretical understanding of project management principles. The student is not capable of using project control methods and calculations without guidance. The student has a slight theoretical understanding of net present value, annuity and earned value methods and he/she is not capable of examine the subject area independently without guidance. The student understands some basics of project management methods, but practical examination is inadequate. The student is capable of identifying some of a whole complex of issues, but practical application is challenging. The student is capable of identifying some project risks and knows the basics of risk register, practical application is not possible.

2 (Satisfactory) : The student has a theoretical understanding of project management principles. The student requires plenty of guidance in project calculations. The student has a sufficient understanding of net present value, annuity and earned value and he/she can write about the subject at a general level - calculations can be made with some supportive guidance. The student understands the basics of project management principles and is capable of examining the project, but development ideas are limited. The student knows the basics of project plan and he/she is capable of building a project plan and project report based on theory. The student understands risks as a part of project operations and is capable of classifying risks as well as building a project report with guidance.

Assessment criteria, good (3)

3 (Good) : The student has a versatile understanding of project management principles and he/she can present independent interpretations of the subject. The student is capable of utilizing net present value, annuity and earned value methods. The student understands theory of project control methods and he/she is capable of applying project management principles. The understand the theory of project plan and knows how to apply information for project work breakdown. The student knows how to build a simple project report. The student is capable of identifying project related risks and he/she is capable of categorizing those for risk register.

4 (Very Good) : The student has a comprehensive understanding of project management principles and he/she is capable of examining methods and discussing critically about the subject. The student can independently calculate and apply project management/calculations. The student has a preparedness for applying net present value, annuity and earned value methods. The student is capable of compiling a project plan and also making project work breakdown structure. The student can compile a clear and argumented project report. The student has an critical understanding of project risks and he/she is capable of building an argumented risk register.

Assessment criteria, excellent (5)

5 (Excellent) : The student has a deep understanding of project management principles and he/she is capable of exploring project operations in a developing way. The student can fully independently calculate and apply project management/calculation methods. The student has an independent preparedness to apply net present value, annuity and earned value methods and accordingly capability of representing justified development ideas for investments. The student knows how to formulate a comprehensive project plan and also making a systematic project work breakdown structure. The student can compile a comprehensive and argumented project report. The student has an understanding of project risks and he/she is capable of building comprehensively compiled and argumented risk register.