Education for the higher educated

Course: Professional MBA Project & Process Management

Offered by: Vienna University of Economics and Business (WU)

Show telephone number 070-2060028 (Millian informational telephone from mon through fri, 9am to 5pm)
  • Description
  • Overview
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The Professional MBA Project & Process Management provides executives with up-to-date tools and key expertise to optimize their project management - from commencement to successful conclusion. From project costing and organizational design to risk management and project discontinuities - the expert faculty shares deep insights, tested methodologies and helps develop the polished social skills that project and process managers need to deliver quality, sustainable results and to lead their teams to success.



Application Requirements

 

  • Undergraduate degree, equivalent to a bachelor degree
  • Minimum of three years of relevant work experience

  • Proficiency of written and spoken English

  • Completed application forms

  • Curriculum Vitae

  • Two letters of recommendation




 

Structure

In the course of the part-time Professional MBA with specialization options, participants gain profound insights into core business subjects and a specific field or industry.

During the program, participants master the “Business Core” focusing on core business and management knowledge, techniques and leadership, while ensuring a maximum flexibility to foster their individual needs and ambitions during the “Specialization” modules.

 

Curriculum


Business Core


Managing People
Optimize individual performance management with theories and frameworks such as talent management. Learn recruiting best practices and performance evaluation systems. Understand the foundations of a successful international career, including 360° feedback and various career coaching processes. The module also covers an in-depth analysis of group and team dynamics, to create those conditions perfect for optimal team function. Manage cultural team diversity with emphasis on aligning people, culture and strategy.


Managing Organizations
Comprehend the structures, processes, culture and politics of modern organizations, emphasizing change management in a global context. Study modern knowledge and innovation management by identifying new technologies and fostering corporate flexibility through organizational adaption. This modules' content includes corporate restructurings, mergers and acquisitions.

Competitive Analysis and Strategy
Implement state-of-the-art tools to assess the external and internal context of an organization and its implications for strategy on an organizational, industry-wide and international level. Key issues include competition and collaboration, diversification and focus, strategic thinking, strategy formation and strategic change.


Data Analysis and Decision Making
Understand the power and limitations of numerical data in decision-making processes. Topics include the application of exploratory data analysis, applications based on the normal distribution, basic inferential and sampling procedures, regression analysis and analytical models supporting the decision-making process.


Financial Reporting
Examine the fundamental principles and elements of accounting alongside procedural issues, vital in the preparation and presentation of financial statements, practical and theoretical matters in the evaluation of accounting income, inventory, fixed assets, investments, leases, and earnings management.


Financial Management
Gain an overview of the major concepts in finance for national and global companies and participants in the international financial market. Focus is placed on the valuation of various securities, the relationship between risk and return, the opportunity cost of capital principle - and the improvement of both private and corporate investment decisions (e.g. financial mathematics, investment financial criteria).


Operations Management
Internalize up-to-date methods for the optimal management of both production and distribution of goods and services. Examine fundamental interdependencies between IT, operations, human resources and corporate strategy - focusing on concepts of productivity and tools for improvement, such as supply chain management and process management.


Controlling
Examine key controlling concepts. Topics cover the interpretation of financial statements and traditional performance management systems based on accountancy ratios (Financial Reporting and Financial Management). Focus is placed on value orientated performance management methods, including the importance of intangible assets. Principle topics also include strategic performance management and the application of a balanced scorecard as a successful management system.


Marketing Management
This module provides in-depth analysis of marketing as a discipline. This includes modern concepts and strategic marketing management tools for market-driven and customer-focused companies. Emphasis is placed on consumer behavior, marketing research, an optimal marketing mix, and marketing & sales organizations.


Global Markets
Gain a comprehensive overview of the business environment of global markets and understand the complexities of various economies around the globe - to better assess business opportunities and global market environments.


Information Systems Management
This module covers information system resources and technology management. Participants gain insights into key information technologies and their applications (e.g. ERP, CRM, Knowledge Management Systems, e-Commerce). Internalize the competitive advantages inherent to information technology and its related organizational and managerial implications.


Managerial Economics
This module provides a problem-orientated understanding of macroeconomic business environments. Topics include the global monetary system, in particular the role of the dollar, the impact of current account imbalances, fluctuations of asset prices, exchange rates and commodity prices and their impact on economic performance. Study basic concepts behind US and EU macroeconomic policy.


Entrepreneurship and Innovation
The force of ‘creative destruction’ is key to success for start-ups, companies and societies. Understand the strategic impact of ‘the new’ in terms of marketing and organization, and the specific interdependencies between an innovation’s success and the entrepreneur initiating and driving it. Gain vital knowledge on innovation resistance and resistance resolution.

Leadership
Effective, successful managers provide visionary leadership and instigate change in their organizations. Key topics include concepts of leadership and corporate accountability, mobilizing people and groups for change.


Ethics and Corporate Social Responsibility
An introduction into the system of behaviors and rules of conduct between companies and their main stakeholders. Gain a deeper understanding of the ethical and social responsibility of business, considering ethical challenges in the corporate world, learn to recognize enablers of ethical behavior - individuals and in organizations, responsible leadership and social entrepreneurship.


Specialization

Process Management
Understand process management objectives. Study macro process management methods (identification of processes, development of a process map) as well as micro process management methods (process break-down structure, process flow chart, quality performance indicators). Learn how to optimize processes.

Project Management Methods
Learn how to define projects and gain an overview of the project management process. Acquire techniques for designing the project start process. Explore the application of project management methods (project objectives plan, work breakdown structure, different scheduling methods, project cost plan, project environment analysis).

Preparation for Project Management Certifivation
Study the preparation for certification and the required exam contents (IPMA - International Project Management Association or PMI - Project Management Institute).

Social Skills in Projects
Acquire detailed knowledge of leadership theory, the definition of project roles, the social competence for different project roles, intervention methods and the self-competence and attitude of the project manager.

Project & Program Organizations - Methods & Design
Gain an overview of traditional forms of project organization, with an emphasis on: influence project organization; matrix project organization; organizational design of projects; project roles; empowerment, integration, partnering in projects; communication structures; program management; program organization.

Project Costs, Project Risk Management & Project Discontinuities
Learn to draw up a project costs plan, to manage project risks and to resolve project discontinuities. Gain thorough knowledge of risk identification and analysis, the scenario technique and alternative project plans.

Project Start. Project Controlling & Project Close-Down
Understand the project management process and analyze project start, project controlling and project close-down processes and methods.

Change & Projects
Take a look at different types of change within permanent organizations, the definition of change processes and the organizational design to manage changes. Compare transforming with radical new positioning. Learn to deal with resistance to change. Analyze the relationships between changes and projects.

Project-Orientated Company Management
Acquire in-depth knowledge of the characteristics of a project-oriented company, exploring strategies, structures, cultures, specific processes as well as methods. Understand the principles of project portfolio management, the role of the project management office and analyze the maturity of the project-oriented company.

International Project Management
Overview and comparison of international project management approaches (International Competence Baseline [ICB] of the IPMA, Project Management Body of Knowledge [PMBoK] of PMI, Projects in Controlled Environments [Prince2] of OGC).

 

Master Thesis

 

Level University
Incompany No
Open enrolment Yes
Lead time 18 months
Costs (indication) More than € 4,550
Titles No title
Required language skills English
Country Austria
Completion Diploma
Dkfm. Dr. Claus J. Raidl about WU Executive Academy
Alexander Hartner about Professional MBA Project & Process Management

"The ever increasing importance of project and process management in corporations such as Raiffeisen-Leasing Austria was the trigger for me to go for more in-depth training in these areas. As market leader, we are faced with the challenge of successfully implementing international financing projects with severe cost and time restraints. In addition, we also strive for ongoing optimisation of our key processes in the high-volume vehicle and equipment leasing business. Specialised education is absolutely necessary to master these challenges. This certainly made the case for me: With the support of my employer, I am attending an MBA programme in Project and Process Management and, with our company motto “there is always room for improvement” in mind, will apply the knowledge acquired in my typical work day."

 



Dkfm. Dr. Claus J. Raidl (CEO), Böhler-Uddeholm AG
Dkfm. Dr. Claus J. Raidl about WU Executive Academy
Ursula Fischer about Professional MBA Project & Process Management

"As a real estate consulting company we carry out most of our business as projects. Professional project management is therefore one of our key success factors. This Professional MBA was the ideal add-on to my technical training as an architect. The project and process management related modules provided me with an excellent methodological basis. We applied the methods in a very practise-oriented manner in different teams in real projects. The business fundamentals gave me an economic foundation both on the business- and macroeconomic level. I also appreciated the exchange of experience with students from many different industries and many different types of organisations (ranging from big corporations to one-man businesses) very much. By graduating from this MBA programme I definitely developed my job-related qualification towards a top management level position."

 


Dkfm. Dr. Claus J. Raidl (CEO), Böhler-Uddeholm AG
Dkfm. Dr. Claus J. Raidl about WU Executive Academy
Roland Gareis about Professional MBA Project & Process Management

‘Happy Projects!’ is not a promise, but rather a wish to all those thinking and living in projects. The chance to experience ‘Happy Projects!’ increases dramatically by attending this Professional MBA program and then applying the models and methods provided.

 



Dkfm. Dr. Claus J. Raidl (CEO), Böhler-Uddeholm AG