Lecture Notes


Project Financing and Evaluation

Tools for Project Evaluation

Dealing with Uncertainty: Concepts and Tools

Project Organization

Delivery Methods (cont.), Payment and Award Techniques

Award Methods and Project Estimation I

Detailed Estimation and Pumpstation Overview

Planning and Deterministic Scheduling

Deterministic Planning II and Probabilistic Planning I

Probabilistic Planning 2

Simulation and Resource-Based Scheduling

Basics of Cost and Schedule Monitoring

EVA (C/SCSC) and Basics of Project Control

Problem Diagnosis and Introduction to Project Dynamics

System and Change Dynamics

Risk Management II, Quality Monitoring and Control, and Project Learning

Reviews (cont.), Audits, Changes and Disputes


Term Project Phase 1: Projects and Teams

Term Project Phase 2: Term Project Assignment and Description

Term Project Phase 3: Data Collection

Term Project Phase 4: Final Report

Project Management (Spring 2004)

A circular diagram of the project management process.

Project management as an iterative process, excerpted from lecture 1. (Image courtesy of OCW.)


Dr. Nathaniel Osgood

MIT Course Number

1.040 / 1.401J / ESD.018J

As Taught In

Spring 2004


Undergraduate / Graduate

Cite This Course



Course Features

Course Description

1.040 covers three important aspects of construction project management:

  • the theory, methods and quantitative tools used to effectively plan, organize, and control construction projects;
  • efficient management methods revealed through practice and research; and
  • hands-on, practical project management knowledge from on-site situations and field trips.

The course relies on a basic project management framework in which the project life-cycle is broken into organizing, planning, monitoring, controlling and learning from old and current construction projects. Within the framework, students learn the methodologies and tools necessary for each aspect of the process as well as the theories upon which these are built. By the end of the term they are able to adapt and apply the framework to effectively manage a construction project in an Architecture/Engineering/Construction (A/E/C) organization.


Other OCW Versions

OCW has published multiple versions of this subject. Question_OVT logo