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 (Evening)
Caulfield Second semester 2014 (Day)


This unit, together with FIT5057 Project management, and FIT5178 Applied 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 FIT5180 is on the business and legal aspects of planning and executing projects. Project management is a common pathway to higher management in industry. These topics are especially important to students who intend to work as project managers and take part in the sales, contract administration, and strategic planning of an organisation.


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

  • do financial and accounting calculations for projects. These topics will include in depth costing, balance sheet, NPV, IRR, capital budgeting, cash flow, variance analysis;
  • understand the legal issues which occur in project management. These will include business law, contract law, international law, understanding legal project management principles, applying project management principles to the practice of law, litigation matters, managing disputes, administrative and judicial way of solving disputes, contract risk analysis, liability in project management;
  • understand the modern theory of entrepreneurship in relation to project management. These topics will include types of entrepreneurs, problem faced by entrepreneurs, skills and knowledge necessary for entrepreneurs, innovative start-up, sources of finance, opportunity recognition, valuation and negotiations, financial and accounting issues.


In-semester assessment: 100%

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 1-hour laboratory/tutorial

(b.) Additional requirements (all students):

  • A minimum of 9 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: