Next UMD PM Symposium: May 10-11, 2018 NewsPolicies & SupportContact

Why ENCE 602

Professionals need to possess core project procurement knowledge and practical skills to succeed in project management. As projects become more complex and integrated, project procurement becomes significantly sophisticated and requires extensive planning, analysis, and control to meet expected outcomes. The course will equip students with interdisciplinary field-based knowledge to meet the challenges.

ProfessorQingbin Cui, PhDQingbin Cui, PhDStats Credits 3 Offered Next* Spring, Fall Online Prequisite Permission

Topics

Project evaluation using discounted cash flow

The procedure, approach, criteria, input and output for project evaluation

Real options based project analysis

Incorporation of flexibility and real options into the project feasibility evaluation

Social cost-benefit analysis

Project feasibility evaluation from a social and economic perspective

Procurement and financing

Various financing mechanism and procurement methods used in project delivery

Project delivery process and method

Typical procurement delivery methods used in capital projects

Bidding and risk management

Process, regulations, and evaluation of competitive bidding

Integrated project delivery

Design-build and other innovative project delivery

Public private partnerships

Value for money analysis in delivery P3 projects

Energy performance contract

Performance based project procurement in the energy sector

Schedule

Offered Next: Spring, Fall Online*
Week 1Introduction to Project Procurement
  • Ref: PMBOK(R) Guide, 4th Edition
  • Ref: GSA Acquisition Manual
Week 2Project evaluation 1: FCF vs ECF
  • Case Study: Texas High-Speed Rail Corp.
Week 3Project evaluation 2: real options
  • Case Study: The Value of Flexibility at Global Airlines
Week 4Social benefit cost anaylysis
  • Case Study: The Midtown Tunnel Project
Week 5Project delivery methods and processes 1
  • Case Study: Alvarez Industries
Week 6Project delivery methods and processes 2
  • Case Stuty: Timberjack Parts: Packaged Software Selection Project
Week 7Project delivery methods and processes 3
  • Case Study: Integrated Project Delivery at Autodesk, Inc
Week 8Spring BreakWeek 9Procurement Planning and Risk Sharing
  • Case Study: Petrolera Zuata
Week 10Contract Negotiation
  • Case Study: Hydro-Quebec and the Great Whale Project
Week 11Contract Evaluation and Design
  • Case Study: New Mexico 44 Highway Project (on Canvas
Week 12Public Private Partnerships
  • Case Study: Mid-Town Tunnel Project (On Canvas)
Week 13LEED Project Procurement
  • Case Study: Genzyme Center
Week 14Energy Performance Contracting
  • Case Study: Rockville Building
Week 15Renewable Energy Project and Credits
  • Case Study: The Fox Islands Wind Project
Week 16Term Paper Presentation


*All course content, including schedule, topics, and books are subject to change semester-to-semester. Course costs are dependent on students' individual situations, including but not limited to, online vs on-campus enrollment, in-state vs out-of-state enrollment, and scholarships. Not all books on this page may be required readings and additional readings may be assigned. Please check the UMD Schedule of Classes for most up to date semester offerings. Instructors give students specific semester details once they are enrolled.