1.011 syllabus and schedule 020116

8/19/2019 1.011 Syllabus and Schedule 020116

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MASSACHUSETTS INSTITUTE OF TECHNOLOGY

PROJECT EVALUATION AND MANAGEMENT (1.011/1.S980)

Spring 2016

Lectures: TR 2:30-4 pm, room 5-134

Recitations: F 12-1, room 5-217

http://stellar.mit.edu/S/course/1/sp16/1.011/

Instructor: Professor Joseph Sussman

Teaching Assistant: Scott Middleton

Professor Joseph Sussman, 1-163, Ph.# 3-4430, [email protected],

Office hours by appointment – please send me an email and we’ll set it up

Scott Middleton, 1-151, [email protected]

Office hours: Mondays and Fridays: 1:00 p.m. – 2:00 p.m. (also by appointment)

Number of Units: 3-1-8

Subject Description: Introduction to engineering projects as complex sociotechnical systems,

considering economic, financial, social and environmental influences and multi-disciplinary approaches

for their analysis, design, construction, and management. Applies techniques such as benefit-cost

analysis and lifecycle costing to develop a better understanding of these systems. Students work in

teams on a term project studying a large-scale infrastructure project or other large-scale project in

depth. Instruction and practice in oral and written communication provided.

Prerequisite(s): Permission of instructor

Readings

http://stellar.mit.edu/S/course/1/sp16/1.011/http://stellar.mit.edu/S/course/1/sp16/1.011/mailto:[email protected]:[email protected]:[email protected]://stellar.mit.edu/S/course/1/sp16/1.011/


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g

o Evaluation is various contexts (developing vs. developed countries, traditional

infrastructure vs. high-risk start-up, etc.)

Project management – getting the project builto Leadership and strategy

o Obtaining and managing funds

o Quantitative tools such as Critical Path Method (CPM), PERT, Earned Value Analysis

(EVA)

o Construction safety

How to handle uncertainty in all of the above

Ethical considerations in all of the above

Application Blocks

International multi-modal freight transportation with urban implications (i.e., Panama Canal

expansion, Port Miami Tunnel, Atlantic Coast ports)

High-quality surface transportation (i.e., high-speed rail, maglev)

Learning Objectives:

Upon completion of this class, students should be able to:

1.

Effectively use basic engineering economics tools to evaluate major infrastructure and other

projects2.

Understand when to complement this basic analysis with more sophisticated tools

3.

Understand some ways in which project performance can be measured and improved

4.

Understand the role of risk and uncertainty in project evaluation

5. Do an “end-to-end” project evaluation

6. Understand basic tools in management of projects and how and when to use them

7.

Observe an improvement in your communications skills: writing, speaking, preparing

presentations

Teaching modalities:

The intent is that the classes should be as interactive as possible. We will try to avoid “we lecture, you

listen” as much as we can. Active participation in class is encouraged.


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Academic Honesty:

The MIT Department of Civil and Environmental Engineering adheres to the strictest standards of

academic honesty. An important aspect of achieving these standards is to be sure that students areaware of expectations of faculty in regards to academic honesty. This statement is an attempt to clarify

our expectations in this subject.

Assignments: Assignments performed by students for submission have a dual purpose. They are

intended as educational devices, including the teaching of skills such as working in teams. They are also

evaluation tools for the faculty in judging the quality of performance of individual students. Our policies

are intended to balance these two purposes and, unless otherwise stated, apply to all assignments.Students taking this class can work together to conceptualize general approaches to assignments.

However, unless otherwise specified for a particular assignment (e.g. term paper description above), the

work you submit should be done completely on your own. This includes text, numerical calculations,

mathematical derivations, diagrams, graphs, computer programs and output, references, and any

written source you use in your submission. It is inappropriate to use assignments submitted in previous

years as a source, or to use answers that may be found on the Internet.

Exam: There is one mid-term exam for this class. All work on the exam should be performed only by you.

If you have any questions about how these academic honesty policies relate to a specific situation, youshould speak to Professor Sussman for clarification.


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Schedule – Spring 2016

# DATE DAY INSTRUCTOR TOPIC READ BY DATE ASSIGN OUT ASSIGN IN TERM PROJECT

1 2/2 TU Sussman

Introduction to

1.011/1.S980;

Large-scale

projects:

Infrastructure and

otherwise

--

1) Self-

Introductions

2) Set-piece 1

(based on

White’s paper on

history of US

transportation

infrastructure)

-- --

2 2/4 TH Sussman

Sustainability;

Infrastructure

Inter-dependencies

Florman (T1)*;

O’Roarke (T2);

Martland Chap. 4(T3)

--

Self-

Introductions;

Florman 1-page

Response(both due 11:59

pm. on 2/3)

--

R1 2/5 FR Lane

CI-M: How to

approach Set-

piece 1

-- -- --

3 2/9 TU Sussman

Set-piece I – US

History of

Transportation

Infrastructure

White’s paper for

Set-piece I--

Set-piece 1

(3-pager due

11:59pm on 2/8)

--

4 2/11 TH SussmanDeciding Among

Alternatives

Teaching Note onChoosing Among

Alternatives (T2);

Zerbe Chap. 9 (T2)

Quant 1 -- --

R2 2/12 FR SussmanDeciding Among

Alternatives-- -- -- --

2/16 TU NO CLASS (MON schedule)

5 2/18 TH Sussman

Uncertainty; Risk;

Megaprojects/

China

- Flyvjberg (T1);

Davidson (T2);

FT: Monumental

--

Flyvjberg 1-page

response

(due 2/17 at

--


5/9

5

Ambitions (T2);

Atlantic:

Megaprojects (T2)

11:59pm)

R3 2/19 FR TBD TBD -- -- -- --

6 2/23 TURick

SchuhmannUncertainty TDB -- --

Project teams of

2 formed

7 2/25 TH Sussman

Benefit/Cost

Analysis and

related concepts

(BCARC); time

value of money,

discounting

Zerbe Chap. 9 (T2) Quant 2

Lecture take-

away from

Schuhmann;

Quant 1 (both

due before noon

recitation 2/26)

--

R4 2/26 FR Middleton Quant 1 Review -- -- -- --

8 3/1 TU Sussman

BCARC: Project

Context – startups

vs infrastructure

TBD -- -- --

9 3/3 TH Sussman

BCARC: Project

Finance; salvage

value; Project

Context – energy

generation

TBD -- -- --

R5 3/4 FRSussman/

Middleton

BCARC: Project

Context --

Developed vs.

Developing

Countries

TDB -- -- --

10 3/8 TU Sussman

BSARC in unusual

circumstances:

Global Climate

Change;

Manhattan

Project; Quabbin

Reservoir

TDB -- --

11 3/10 TH SussmanInfrastructure

Application I.1

Kanter : MOVE,

Chapter 6 (T2)

Set-piece 2

Scenario

On-Going

Meetings with


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6

Miami/ Panama

Canal:

International

Implications

Panama Canal - TBD Planning Teams and

Teaching Staff on

Topic Selection

R6 3/11 FR Sussman

Infrastructure

Application I.2:

Miami/ Panama

Canal – urban

implications

-- -- Quant 2 “ ”

12 3/15 TU Westrom

Washington DC

soccer stadium

and related

infrastructure

TBD -- -- “ ”

13 3/17 TH Sussman

Set-piece II

Scenario Planning

exercise

Schwartz (T2);

Roxburgh (T2)

Set-piece 2

3-pager; (due

3/16, 11:59p) “ ”

R7 3/18 FR Lane

CI-M – preparing a

project description

TBD TBD Lecture take-

away on

Westrom class,

by noon

recitation

--

3/22 TU Spring Break

3/24 TH Spring Break

3/25 FR Spring Break

14 3/29 TU Sussman

Infrastructure

application II.1:HSR in NEC

TBD

15 3/31 TH Rick Schuhmann

Introduction to

project

management:

CPM, PERT,

EVA and other

techniques

TBD

P1 – Project

Description (2-

pager) – this will

be the write-

rewrite

assignment

required by

CI-M


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7

R8 4/1 FR Middleton

1-hour quiz –

open book and

notes

16 4/5 TU Sussman

Infrastructure

Application II.2

HSR in NECTBD

17 4/7 THSussman/

Moody

Infrastructure

Application II.3

HSR in NEC:

Stakeholders

TBD

R9 4/8 FRI

Sussman/

Middleton

Term Project

Mini-

presentations

P2 Term Project

Mini-

presentations (2

slides, max)

18 4/12 TU

Sussman/

Heywood

Infrastructure

Application II.4Penn Station

and Hudson

River Tunnels

TBD

P3 Progress

Report: CPMapplied to your

project work;

data availability

issues

19 4/14 TH Travis WanatMIT Nano-

center

TBD

R-

104/15 FRI Travis Wanat

Field Trip:

MIT Nano-

center

4/19 TU NO CLASS Patriots Day Weekend

20 4/21 TH

Sussman Dealing with

uncertainty:

real options

and portfolios

Teaching note on

Real Options Analysis

(T2)

Lecture/ Field

Trip take-away

on Nano-Center

P4: Progress

Report:

Stakeholder

analysis and

project finance

R-

114/22 FR

Sussman Ethics; Flint MI

water quality;

MIT divestment

Contemporary news

reports and opinions


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8

21 4/26 TU

Sussman Safety: Coal

mine safety

Mock bureaucracy

(T1)

Articles on Masseymine disaster (West

Virginia – 2010) (T2)

1-pager on Mock

Bureaucracy due4/25, 11:59pm

P5: Progress

Report: What is

standing

between your

team and a first-

rate term project

(


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Student

evaluations of

1.011

*Key to Readings and Assignments:

T1: 1-Pager submitted by 11:59pm the day before the reading will be discussed. Should include a brief summary of the reading and a few questions

you think would be interesting to discuss in class. Counts towards class participation.

T2: No written submission required, but read and come prepared to participate in class discussion

T3: Optional reading, posted for your convenience; lecture material may be drawn from this reference

Reports from the Front (RFTF): We send out current articles from time to time at least 24 hours before class. We will discuss the article for the first

10-12 minutes of class. No written submission required. Counts toward class participation

Set piece classes (2) are classes devoted to a full-length in-class exercise relating to a 1.011 theme. Associated with each is a reading. You will be

asked to write a structured 3-pager in preparation for the class to be submitted at 11:59 p.m. the day before class.

Quant assignments (2) are traditional problem sets, designed to enhance your understanding of quantitative concepts introduced in class (Choosing

among alternatives, benefit-cost Analysis, discounted cash flow, dealing with uncertainty, etc.).

Lecture takeaways:

1.011 syllabus and schedule 020116

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