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Unit of study_

PMGT6867: Quantitative Methods: Project Management

Methods studied in this unit are used in a wide range of project management tasks and problems. The unit explains why and where particular methods are used and provides examples and opportunities to apply these methods in practice. This unit will also facilitate the understanding of the mechanics of these methods and their underlying theory.

Code PMGT6867
Academic unit Project Management
Credit points 6

At the completion of this unit, you should be able to:

  • LO1. explain the features of different quantitative methods used in a range of project management functions including budgeting, scheduling, quality management and forecasting
  • LO2. account for limitations and capabilities of each method in selecting and applying quantitative methods for different project management tasks
  • LO3. reliably interpret the numerical values generated by these methods, correctly apply them in project decisions, particularly where risk is involved
  • LO4. develop effective metrics for evaluating project success, based upon a sound quantitative analysis of the project's business value
  • LO5. explain and justify the results of quantitative analyses in clear simple terms to diverse project stakeholders.