InfoCoBuild

Project Management

Project Management. Instructor: Prof. Raghunandan Sengupta, Department of Industrial and Management Engineering, IIT Kanpur. With the concept of managing Big Projects under costs and time constraints, it is imperative that people working in manufacturing/process/service industry have a very good understanding of the general and advanced concepts of Project Management. It is with this motivation that this course is designed to meet the demand in the market from UG to PG students coming from a variety of fields. (from nptel.ac.in)

Lecture 15 - Application of Utility Theory in Project Management II

Concepts covered in this lecture: a) Concepts of Risk Neutrality, Risk Averseness and Risk Seeking (cont.). b) Concept of derivatives of Utility Function. c) Utility curves. d) Concept of Marginal Utility Function. e) Absolute risk aversion and Relative risk aversion properties of Utility Function. f) Different forms of Utility Function. g) Problem Discussion.


Go to the Course Home or watch other lectures:

A Theoretical Framework for Managing Projects
Lecture 01 - Introduction
Lecture 02 - Introduction to Agile Project Management
Lecture 03 - Project Management Process for a Project I
Lecture 04 - Project Management Process for a Project II
Lecture 05 - Project Management Process for a Project III
Risk Management in Projects
Lecture 06 - Project Stakeholders and Risk Management
Lecture 07 - Project Risk Management
Lecture 08 - Solving Project Management Decision Problems
Lecture 09 - Project Risk Management Analysis
Lecture 10 - Project Risk Management Analysis (cont.)
Project Management and Decision Analysis
Lecture 11 - Analytic Hierarchy Process for Project Selection
Lecture 12 - Decision Tree Analysis
Lecture 13 - Decision Tree Analysis and Risk Management
Lecture 14 - Application of Utility Theory in Project Management I
Lecture 15 - Application of Utility Theory in Project Management II
Lecture 16 - Application of Utility Theory in Project Management III
Lecture 17 - Application of Utility Theory in Project Management IV
Lecture 18 - Other Criteria used for Project Selection
Lecture 19 - Work Breakdown Structure in Project Management
Lecture 20 - Activity Networks used in Project Management
Project Scheduling and Control
Lecture 21 - Concept of Critical Path Method, Introduction to PERT
Lecture 22 - Program Evaluation Review Technique (PERT)
Lecture 23 - Program Evaluation Review Technique (cont.)
Lecture 24 - Aspects and Applications of CPM and PERT
Lecture 25 - Concepts of a Project Life Cycle
Lecture 26 - Discounting Rates and Project Pricing
Lecture 27 - Concept of Forward Rates and Payback Time
Lecture 28 - Important Example of PERT Network Involving Probabilistic Time and Variance
Lecture 29 - Scheduling and Crashing of Jobs
Lecture 30 - Resource Leveling and Resource Constraint
Earned Value Management and Introduction to GERT
Lecture 31 - Detailed Explanation on Crashing of Jobs
Lecture 32 - Project Scheduling and Crashing an Example
Lecture 33 - Earned Value Management
Lecture 34 - Key Components of Earned Value Management
Graphical Evaluation and Review Technique (GERT)
Lecture 35 - Introduction to Graphical Evaluation and Review Technique (GERT) I
Lecture 36 - Graphical Evaluation and Review Technique (GERT) II
Lecture 37 - Graphical Evaluation and Review Technique (GERT) III
Lecture 38 - Graphical Evaluation and Review Technique (GERT) IV
Lecture 39 - Graphical Evaluation and Review Technique (GERT) V
Lecture 40 - Queue-GERT and Theory of Constraint