Faculty of Information Technology

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

FacultyFaculty of Information Technology
OfferedCaulfield First semester 2014 (Day)
Caulfield Second semester 2014 (Evening)


This unit, together with FIT5057 Project management, and FIT5180 Business and legal issues in project management, gives a full coverage of the main areas of Project Management. These units will give students the knowledge and skills needed to work in project planning, project control, or as an entry level project manager in industry. The emphasis in this unit is on the technical aspects of planning and executing projects. It will also cover the important areas of financial calculations, budgets, and decision making.


At the completion of this unit students will be able to:

  • Prepare project network diagrams and do finite capacity scheduling of projects;
  • do project and activity time compression to prepare quotations and meet due dates;
  • prepare plans, budgets, and control systems for new projects;
  • complete quotation, pricing, financial and profit calculations for projects;
  • understand methods of project selection, net present value analysis, decision making, and risk analysis;
  • understand the issues involved with project contract administration;
  • advise on the issues of Quality Management and the ISO 9000 Standards;
  • have a detailed understanding of modern Project Management software.


Examination (2 hours): 50%, In-semester assessment: 50%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 12 hours per week comprising:

(a.) Contact hours for on-campus students:

  • Two hours of lectures
  • One 2-hour laboratory

(b.) Additional requirements (all students):

  • A minimum of 8 hours independent study per week for completing lab and project work, private study and revision.

This unit applies to the following area(s) of study

Additional information on this unit is available from the faculty at: