Master of Business Administration - Specialization in Project Management
Corporations and start-ups alike are organizing themselves according to project-driven teams. To operate efficiently under this organizational structure, managers must rise to the challenge and equip themselves with project management skills.
Because of Aspen's demonstrated commitment to project management and recognized solid professional development infrastructure for the project management profession, we are approved as a Project Management Institute (PMI®) Charter Registered Education Provider. Our MBA with Specialization in Project Management covers all of the knowledge areas in PMI's Guide to the Project Management Body of Knowledge. Learners who successfully complete this MBA degree will be well on their way to Project Management Professional (PMP®) certification. For additional certification requirements, please contact PMI (www.pmi.org).
Program Goals:
The goals of the program are to provide students with:
Increased facility in critical analysis, planning, problem solving and communication skills.
An increase in the marketability of the student and his or her experience in today's world of constant change.
A structured, yet varied knowledge of the principles and practices of program/project management.
An opportunity to study the roles of the project manager, project team and major stakeholders and to learn the strategies, tactics and functions necessary to lead and manage a project or complex program.
An ability to understand the project's internal interests in relation to the organization as a whole, and to the total business, economic, political, technological, and social environment in which it exists.
MBA PM Degree Completion Requirements:
36 Total semester credits (11 Courses- 3 semester credits each)
A Final Capstone Project (3 semester credits)
Two Proctored Exams
*Students who hold valid and current PMP® certification are eligible to receive nine credits in lieu of the following courses:
645-Project Management Essentials
646-Project Management Organization Framework and
647-Project Management Integration Framework.
Course Descriptions:
510 Accounting
Accounting, the language of business, provides crucial decision-making information to business organizations. This introduction to financial and managerial accounting prepares students to construct and interpret financial statements, generate budgets, and to use accounting data for strategic and management purposes with an emphasis on profitability. Legal and ethical issues in accounting are also discussed.
520 Quantitative Analysis
Quantitative analysis is a valuable process for decision-makers and professionals who are responsible for guiding their organizations in today's dynamic business environment. This course provides the necessary quantitative tools for analyzing data, modeling problems, and making informed decisions. The focus is on construction of models, interpretation of results, and critical evaluation of assumptions.
530 Marketing Management
Marketing is the epicenter of an organization's strategic and operational life. This course presents marketing management within the broader context of the organization's strategies and operations. Students discover the benefits of market research and analysis, and develop effective marketing strategies through segmentation, targeting, and positioning.
540 Managerial Economics
Managerial economics form the overall theory and foundation for the workings of a corporation. This course deals with applying microeconomic theory to the management of the firm by focusing on the use of microeconomics to enhance decision-making. By exploring the complex relationships between a manager's decisions and the resulting impact of those decisions on the demand for the company's products and the profitability of the firm, students come to understand the economic environment in which the firm operates and learn how to think strategically within this environment.
550 Finance
This introduction to corporate financial management and investments provides the framework, concepts, and tools for analyzing financial decisions by applying the fundamental principles of modern financial theory. Major topics include the time value of money and capital budgeting.
560 Business Ethics
This course examines ethics and values in multiple contexts. It begins with an exploration of individual values and the integration of mind, body and soul. The perspective then broadens to include corporate ethics and the role of moral leadership in business. The course concludes with an examination of ethical dilemmas created by an expanding global economy.
570 Strategic Management
Strategic management is designed to help students effectively guide an organization toward a profitable and dynamic future. This course provides students with a formal method of defining the organization's purpose and aligning the entire business to achieve corporate goals. It also examines emerging technologies in information processing as an important element of strategic planning.
590 Organizational Behavior
Today, businesses run on hardware, software, and human capital more than ever before. This course focuses on the people in the organization and how they work and behave in the work environment. It examines the behavior of individuals, the dynamics of teamwork, the processes of small groups, decision-making, problem-solving, conflict management, and ways to eliminate barriers to effective communications within the workplace.
645 Project Management Essentials
PME introduces students to the fundamental elements of effective project management. It provides students with the opportunity to apply these elements using exercises and examples based on real-time projects. The required tools and techniques used to plan, measure, and control projects and the methods used to organize and manage projects are also discussed.
646 Project Management Organization Framework
PMOF introduces the fundamental concepts of scope, time management, human resource planning and project communications as presented in the Project Management Institute's Project Management Body of Knowledge. Emphasizing both theory and practical application, PMOF provides students with an opportunity to apply these concepts using real-life exercises, examples, and software tools..
(Prerequisite: 645- Project Management Essentials)
647 Project Management Integration Framework
PMIF completes the topics presented in the Project Management Institute's Project Management Body of Knowledge and includes project cost, quality, procurement, and risk management. Continuing the work from PMOF, PMIF provides students with additional opportunities to apply these concepts using real-life exercises, examples, and software tools. Special consideration is given to preparing students for the Project Management Professional (PMP) certification exam.
(Prerequisite: 646- Project Management Organization Framework)
649 Information Technology Project Management
In today's fast-paced and dynamic environment, innovative information technology and system development projects are critical to many companies' success. The emphasis on such projects creates greater demand from senior management to deliver quality information technology projects on time, within budget, and which add functionality and value to their customers and clients. IT Project Management will teach the project manager how to integrate sound project management principles in the information technology project's development profile in order to assure every aspect of the project is under control and delivers the technical objectives. This course will also cover the IT project's life cycle from initiation through closeout and address all the components of project management as they relate to IT projects, based on the Project Management Body of Knowledge (PMBOK) as defined by the Project Management Institute (PMI).
(Prerequisite: 645- Project Management Essentials or prior consent of the instructor)
599 Capstone Project
The capstone project allows students to apply the knowledge and skills acquired in their courses to the work environment. This project is completely individualized; students are encouraged to select work-related projects that are of particular interest to them and that will result in professional growth and benefit the organization.
Due to the extensive evaluation process, and the quantity of work and research involved, the Capstone course has a time limit of 6 months.
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