LV EN RU DE FR

Project Evaluation

Course developer

Prior knowledge

VadZ5078, Project Portfolio Management

VadZ5083, Methodology of Project Management

VadZ5084, Practical Project Management

Course abstract

Professional practice is intended for strengthening theoretical knowledge in project evaluation, for acquiring competence appropriate for the study program. It covers all stages of project evaluation and project evaluation process components. Students acquire in-depth knowledge of project evaluation principles, strategies, specifics, different methods in practical project evaluation. Theoretical approaches are strengthened in practice in order to gain professional competence in project evaluation and to apply it to improve project evaluation work in various institutions and organizations.

Learning outcomes and their assessment

The knowledge acquired during the theoretical courses on the project development process and methods can be applied in practice in the project development work. Knows the main principles, goals and objectives of the field project development, as well as their practical operation.
Students are able to independently analyze the processes and methods of workplace project development and to link them with theory. Able to critically evaluate project development problems and risks at the practice place, linking the acquired theoretical knowledge with practice. Able to independently, analyze and evaluate project development processes, as well as perform tasks in different areas of practical work, working individually and in a team. Able to solve problematic situations in project development, offer organizations innovative solutions.
The assessment includes the student's report on the practice, defense of the practice and feedback from the supervisor.

Course Content(Calendar)

Depending on the chosen placement, the intern needs to get acquainted and analyze:
1. Work organization at practice place, its structure, responsibilities and competencies, goals, tasks and their context in project management;
2. Different levels of legal and regulatory framework affecting practice place operations and project management, contract types used in project management, use of modern technology / software for project management purposes;
3. Project evaluation process, its organization, project evaluation organizational structure, coordination, project evaluation stages and techniques, project evaluation specifics at practice place;
4. Project tasks, time, cost, etc. planning aspects at practice place, project change forecasting, drafting corrections and project changes, project planning documentation, procurement procedure, evaluating the documentation and project progress;
5. Evaluation of project documentation for compliance with regulatory enactments and international standards;
6. Project life cycle analysis and evaluation, evaluation of project environment, project results and their identifiers;
7. Evaluation of project monitoring, evaluation of project implementation progress;
8. Evaluation of methods and techniques in the project control phase;
9. Evaluation of project product / result quality;
10. Project management and project team work evaluation, conflict and risk management evaluation;
11. Evaluation of marketing plans and activities, evaluation of project publicity;
12. Evaluation of project sustainability.

Requirements for awarding credit points

Test with a mark
Assessment includes practice report prepared by student, defense of practice and feedback from practice supervisor.

Description of the organization and tasks of students’ independent work

During the practice the student fulfills the tasks defined in the placement assignment, as well as performs tasks assigned to the intern by the supervisor of the chosen placement.

Criteria for Evaluating Learning Outcomes

Grading mark on a 10-point scale.
Practice must be completed and defended in due time.
The practice is assessed by the quality of the practice assignment, which is determined by the lecturer.
The practice is evaluated by the practice evaluation committee

Compulsory reading

1. Burke R. Project Management: Planning and Control Techniques. 5th edition. Chichester, West Sussex: John Wiley & Sons, 2013. 407 p.
2. Moustafaev J. Project Portfolio Management in Theory and Practice: Thirty Case Studies from around the World. Boca Raton, FL: CRC Press John, 2017. 315 p.
3. A Guide to the Project Management Body of Knowledge (PMBOK® Guide). 5th Edition. Newtown Square, PA: Project Management Institute, 2004. 589 p. ISBN13: 9781935589679.
4. Larson E.W., Clifford F.G. Project Management: the Managerial Process. 7th edition. NY: McGrow-Hill Education, 2008. 659 p.

Further reading

1. Džounss R. Projektu vadības pamati: praktisks ceļvedis Projektu vadībā un izpildē. Rīga: Lietišķās informācijas dienests, 2008. 222 lpp. (Mazās un vidējās uzņēmējdarbības bibliotēka). ISBN 9789984826059.
2. Haugan T.G. The Triple Constraints for Sustainable Projects, Programs and Portfolios. Boca Raton, FL: CRC Press John, 2013. 404 p.
3. Project Management Institute. Corporate Author. The Standard for Program Management. 3 edition. Newtown Square, PA: Project Management Inst, 2013. 176 p. ISBN-10: 1935589687, ISBN-13: 978-1935589686.

Periodicals and other sources

1. Project Management Journal. Pieejams: https://journals-sagepub-com.db.rsu.lv/doi/abs/10.1002/pmj.20053
2. Latvijas Nacionālā projektu vadīšanas asociācija (LNPVA). Pieejams: http://lnpva.lv/
3. Project Management Institute (PMI). Pieejams: https://www.pmi.org/
4. International Project Management Association (IPMA). Pieejams: https://www.ipma.world/ 2

Notes

ESAF professional master programme „Project Management”