University of Mysore

Department of Online Programme

Syllabus
 Master of Business Administration Data Science and Business
Analytics

Semester-I Semester-II
S Course Name Credits S Course Name Credits
No No
01 Business Environment 2 01 Corporate Finance 4
02 Management Concepts & 2 02 Human Resource Management 3
Theories
03 Managerial Accounting 4 03 Legal Aspects of Business 2
04 Managerial Communication 3 04 Management Information 3
Systems
05 Managerial Economics 3 05 Marketing Management 3
06 Organizational Behaviour 3 06 Operations Management 3
07 Statistics for Management 4 07 Quantitative Methods 4
Total Semester Credits: 21 Total Semester Credits: 22
Semester-III Semester-IV
S Course Name Credits S Course Name Credits
No No
01 Project Management 3 01 Strategic Management 3
02 Entrepreneurship 2 02 Elective – IV 4
03 Elective – I 4 03 Elective – V 4
04 Elective – II 4 04 Elective – VI 4
05 Elective – III 4 05 Elective – VII 4
06 Project Work Diary 1 06 Project Report 2
07 Summer Internship Report 2 07 Project Viva-voce 1
Total Semester Credits: 20 Total Semester Credits: 22
Total Program Credits: 85
Elective: Data Science and Business Analytics
Elective – I Introduction to Data Science
Elective – II Statistics for Data Science
Elective – III Python for Data Science
Optional: Advanced Excel
Elective – IV Machine Learning
Elective – V Big Data Analytics
Elective – VI Cloud Computing
Elective – VII Advanced Database Management Systems
Optional: Optional: Financial Risk Analytics
Semester- I
Management Concepts & Theories
Course Outcome:
Learners will be able to:
 Understand the functions and responsibilities of managers.
 Know the tools and techniques used in the performance of the managerial job.
 Analyze and understand the environment of the organization.
 Develop cognizance of the importance of management principles

1. Management: definitions, nature and scope of management, functions and process of management,
evolution of management theory from Taylor, Fayol, Drucker to the present. Growth of professional
management in India. Ethics in management.

2. Managerial Planning: planning process, types of plans, strategic vs. operational plans, models
of strategy formulation, linking strategy to structure.

3. Decision Making: managerial decision-making process and models, steps in rational decision -
making, creativity and group decision -making.

4.Organizations: organizational theories and design, various forms of organization structures, span
of management principles of coordination, authority, power, delegation and decentralization.

5. Managerial Control: relationship between planning and control -limitations of control, types
of control systems and techniques – management by exception, budgetary control, functional and
dysfunctional aspects of budgetary control, internal control systems, internal audit and management
audit.

Suggested Readings:
1. Principles of Management- G. Murugesan, Laxmi Publications.
2. Essentials of Management - Koontz and O’ Donnell, TMH.
3. Introduction to Management - Fred Luthans - Mc Graw
4. The Practice of Management- Peter. F. Drucker
5. Management- S toner, Freemen and Gi lbert
6. Management- Griffin
 7. Management- Holt
8. Management- Tasks and Responsibilities - Peter. F. Drucker
9. Professional management- Theo Haimann
10. Organization Theory and Design – Richard L.Draft
11. Management - Richard L.Draft
12. People and Performance by Peter F. Drucker

Organizational Behavior
Course Outcome:
Learners will be able to:
 Develop cognizance of the importance of human behaviour.
 Describe how people behave under different conditions and understand why people
behave as they do.
 Analyze the complexities associated with the management of group behaviour in the
organization.
 Synthesize related information and evaluate options for an optimal solution in the
prediction and control of human behaviour at work.

1. Fundamentals of Organizational Behavior: evolution of organizational behavior, individuals

and Organizations, forces affecting organizational behavior, Changing work force and employment
relations, impact of globalization and information technology on organizational behavior.

2. Individual Dimensions in Organizational Behavior: individual differences – perceptions,

interests, aptitude, attitude, learning, personality, creativity.

3. Group Dynamics: group behavior, team development, group cohesiveness – group decision
making process, Effective teams, organizational conflicts & conflict resolution, interpersonal skills,
Johari Window and transactional analysis.

4. Motivation: theories and models of motivation, Leadership, theories of leadership & leadership
styles.

5. Management of Change: resistance to change, change models, change agents. Organizational

effectiveness. Organizational climate and culture, learning organizations.
Suggested Readings:
1. Organizational Behavior – PK Ghosh, Laxmi Publications
2. Organizational Behavior – Robbins .
3. Organizational Behavior - Fred Luthans
4. Human Behavior at Work - Keith Davis
5. Organizational Theory and Design – Daft
6. The Fifth Discipline - Peter Senge
7. The Seven Habits of highly Effective People - Stephen Covey
8. Understanding Organizational Behaviour – Uday Parekh
9. The Five Minds - Howard Gardner
10. All the books by Ed ward De Bono
11. Work in the 21 st Century – Landy and Jeffrey

Business Environment
Course Outcome:
Learners will be able to:
 Understand and define the business environment.
 Know business ethics, corporate social responsibility, and issues in corporate governance.
 Understand the economic structure, its building sectors, characteristics, etc.
 Conceptualize the monetary and fiscal system.
 Develop a perspective on the changing socio-cultural-economic-political environment.

1. Business as a social system: internal and external environment, stakeholder map of business, role
of government in economic activity and its impact on business in India. Business Ethics and
Corporate Social responsibility. Issues in corporate governance.

2. Economic Structure of India: economic planning in India, transition from mixed economy to a
market economy, outlines of Public and Private sectors. Characteristics of industrial, service and
agricultural sectors.
Regional and sectoral imbalances, Dualism, Trends in GDP.

3. Monetary and Fiscal System of India: overview of India’s monetary policy, fiscal policy, role of
RBI, the banking sector, Indian financial system, money market and capital markets, stock exchanges
and stock market reforms in India. Industrial finance in India – role of development financial
Institutions and commercial banks, N B F C ’ s . Financing of exports and imports, EXIM and ECGC .
Issues in taxation and government expenditure – FRBM Act, the problem of fiscal deficit.

4. Indian Society, Culture and Politics: social problems of India, Impact of modernization on Indian
society, demography, gender, environmental issues.

5. International Business Environment: India as a player in the International market place – its
position and prospects, the role of multi -national companies in India . FDI & FI I’ s in India .

Suggested Readings:
1. Business Environment- Dr. Francis Cherunilam, HPH.
2. Business Environment – C.A.Francis
3. Business, Government & Society – Arthur Gold Smith.
4. Ethical choices - shekar
5. India Development Reports
6. India in Transition – Jagdish Bhagwathi
7. India’s Economic policy – Bimal Jalan
8. Is there a Indian way of thinking – A.K. Ramanujam
9. A Million Mutinies- V.S. Naipual
10. International Business Environment by Daniels & Radbaugh
11. India in the Era of Economic Reforms – Sachs, Jaffrey, Varshney,
12. Ashutosh and Rajpai, Nirupam, New Delhi, Oxford, 1999 .
13. Fiscal Policy, Public Policy and Governance – Shome, Parthasarathi
14. Eight Lectures on India’s Economic Reforms – Srinivasan.T.N
15. Fiscal Policy Developments in India 1950 - 2000 – Sury
16. India’s Economic Performance and Reforms: A Perspective for the New Millenium – Swamy,
Subramanian
17. Imagining in India – Nandan Nilekani

Managerial Communication
Course Outcome:
Learners will be able to:
 Understand the key concepts of communication, theory, strategy and implementation
within an Organizational setting.
  Develop skills in applying the learnt concepts to realistic situations in a variety of
Workplace environments.
 Write business documents that are inviting to read, easily understood and logically argued.
 Prepare and deliver effective presentations and pitches to suit various business scenarios.

1. Introduction: nature of managerial communication, the communication process. Effective

communication and barriers to communication, communication skills; writing, reading, logic,analysis
and listening .

2. Communication for Problem Solving: problem solving– communication model for case analysis
and reporting in detail. Group discussion, in -class or work shop exercises and assignments.

3. Writing Skills: exercises in drafting letters, memos, e-mail, proposals, resume writing, reports and
executive summaries. The structure and process of creating business messages.

4. Oral Communication: exercises in speaking, discussing, listening and negotiating, body language
and kinesics, business etiquettes.

5. Business Presentations: hands– on with excel and office power point.

Suggested Readings:
1. Business and Managerial Communication- Sengupta, Sailesh, PHI.
2. Better Business Communication – Denish Murphy
3. Written Executive Communication - Shurter
4. Model Business Letters - Gartis ide.
5. Business Communication – Lesikar – Pettit - Flatery .
6. MLA’ s Handbook.
7. Business Research Methods- Cooper and Schneider
8. Business Research Methods - Zikmund

Managerial Accounting
Course Outcome:
Learners will be able to:
 Understand the basic principles of accounting and accounting practices.
  Know a basic framework to solve accounting problems.
 Analyze financial statements using EXCEL.
 Understand Cost accounting.

1. Introduction to Accounting: meaning, accounting concepts and conventions –Financial

Accounting V/ s Management Accounting– Recording, classifying and summarizing business
transactions leading to preparation of final accounts of sole proprietary, merchandizing manufacturing
and service businesses using Excel.

2. Company Final Accounts in India: requirements of Companies Act of 1956 with respect to
preparation of Final Accounts of Companies - Annual Reports and its contents.

3. Financial statement Analysis: techniques of financial statement analysis: Horizontal analysis,

Vertical analysis, Trend Analysis, Ratio Analysis (Profitability, Liquidity, Solvency and Capital
market ratios), preparation of fund flow & cash flow statement using Excel .

4. Excel applications: preparation and Analysis of Income Statement, Balance Sheet, Cash Flow
Statement, Ratios and Projections using excel.

5. Cost accounting: elements of Costs, Classification of costs, Preparation of Cost Sheet, Cost
accounting systems: Job costing, process costing, contract costing and service costing, Marginal
costing and use of break - even analysis in decision - making – Relevant costs for marketing and
production decisions- Cost Drivers and Activity Based Costing.

Suggested Readings:
1. Business Accounting and Financial Management- Subhash Chandra, PHI.
2. Financial Accounting: A Managerial perspective – R. Narayan swamy.
3. Introduction of Management Accounting- Horngren, Sundem, Stratton.
4. Cost and Managerial Accounting - Duncan Willamson
5. Cost accounting for Business Managers-Asish K Bhattacharayya.
6. Management and Cost Accounting- Colin Drury
7. Management Accounting – Hensen Mowen
8. Financial Analysis and Modelling – Chandan Sen Guptha
 Managerial Economics
Course Outcome:
Learners will be able to:
 Enhance managerial decision-making skills
 Understand the basic necessity of economics in Global Business
 Develop knowledge on utilizing the scares time and resources for better production.
 Improve the applied economic principles based on managerial economics theories.

1.Managerial Economics: introduction, basic concepts, application in business decisio – making.

Demand and Supply Analysis, determinants, equilibrium, elasticity, demand forecasting and
estimating methods.

2. Theory of consumer behavior: consumer preferences, indifference curves, budget constraint,

utility maximization and the derivation of the consumer demand curve .

3. Production and Cost Analysis: production functions – cost functions and profit functions, total,
average and marginal costs, returns to factors and scale, short run v/s long run decisions, derivation
of the supply curve.

4. Market Analysis: market forms, perfect, competition, monopoly, monopolistic, oligopoly. Output
and price determination. Cartels and collusion, mergers and acquisitions and government regulations
in the form of price directives, taxes, subsidies, anti -trust action and competition policies.

5. National Income Accounting: concepts of GDP, NI, percapita income, PPP National income
accounting in India . Business cycles and business forecasting. Measuring business cycles using trend
analysis, macroeconomic indicators in business cycle measurement, Coping strategies for business.

Suggested Readings:
1. Essentials of Business Economics- D N Dwivedi, Vikas Publications.
2. Managerial Economics - Dominick Salwatore .
3. Managerial Economics - Gupta and Mote
4. Economics - Samuel son & N or dhaus
5. Managerial Economics by Peterson and Lewis
6. Micro Economics – Dominick Salvatore
7. Macro Economics – Palmer and others
 8. Macro Economics - Koutinyas

Statistics for Management

Course Outcome:
Learners will be able to:
 Deal with graphical and numerical descriptive statistics for different types of data in
management scenarios.
 Apply probability rules and concepts relating to continuous and discrete random variables
within a business context.
 Design data collection plans, analyze data appropriately and interpret & draw conclusions
from analyzed data.
 Use statistical tools in order to make systematic and scientific decisions even in an uncertain
business environment.

1. Quantitative data interpretation in managerial decision making: collection– classification–

tabulation– frequency distribution– charts using excel, measures of central tendencies and dispersion–
using visual explorations in MS excel .

2. Correlation and regression: multiple correlation – basic probability concepts – conditional

probability – Bayes theorem – use MS excel PH STAT 2 .

3. Probability distributions: binominal Poisson and normal distributions using excel – estimation –
point and interval – using Excel .

4.Statistical Decision Theory: hypothesis testing for means and proportions and for difference of
means and proportions – analysis of variance.

5. Sampling: sampling techniques, random sampling, random numbers table, Monte Carlo simulation,
Chi – square tests, time series forecasting, hands-on with MS excel .

Suggested Readings:
1. Golden Statistics- N.P. Bali, Laxmi Publications.
2. Statistics for Managers – using Microsoft excel – Levine, Stephan & others
3. Statistics for Management – Richard Levin and Rubin [excel version]
 4. Statist ics – Murray Spiegel, Schaum Series
5. Probability and Statistics – Murray Speige l, Schaum Series
6. Quantitative Business Analysis – Text & Cases – Samul Bodiley & others
7. Business Statistics – Kazmier, Schaum Series
8. Basic Business Statistics – Bereuram and Levine
9. Quantitative Methods – Anderson, Sweeny & William

Semester- II
Marketing Management
Course Outcome:
Learners will be able to:
 Comprehend the management of marketing functions, structures and institutions.
 Understand the role of contemporary economic and social development.
 Formulate a marketing plan including marketing objectives, marketing mix, strategies,
budgeting considerations and evaluation criteria.
 Understand marketing mix that takes into account perceived value, competitive pressures
and corporate objectives.

1. Introduction to Marketing Management: nature of marketing management, Types of products/

services. Marketing concepts: Product, Production, Selling, Marketing and Societal, Concepts
Marketing environment, elements of Marketing Mix. Classification of goods & services.

2. Consumer Behavior: consumer & buyer behavior process, models of consumer behavior. Market
research and market intelligence. Marketing information system.

3. Market Segmentation and Targeting: concept of segmentation and targeting, basis for
segmentation. Segmentation for consumer and industrial products, Product positioning .

4. Product & Price: product Mix and Product Line, levels of product, new product development,
product life cycle strategies. Branding, types of brands, brand building, measuring brand equity.
Packaging and labeling. Pricing: General pricing approaches, new product pricing strategies, Public
policy and pricing.

5. Promotion and Place Mix: elements of promotion mix, Marketing communication process,
Publicity, Advertising and public relations. Personal selling and sales promotion. Direct marketing
and online marketing. Distribution channels and logistics management, Channel design and
administration, Public policy and distribution decisions.

Suggested Readings:
1. Fundamentals of Marketing- Vikas Saraf, Pawan Thakur, Laxmi Publication
2. Market ing Management – Philip Kotler, Prentice Hall India, (New edition)
3. Basic Marketing – Perault
4. Fundamentals of Marketing – William Stanton
5. Principles of Marketing – Philip Kotler and Garry Armstrong
6. Market ing Management – Rajan Saxena
7. Market ing Management – Zickmund
8. Marketing – Ramesh Kumar

Human Resource Management

Course Outcome:
Learners will be able to:
 Understand the HR Management and system at various levels in general and in certain
specific industries or organizations.
 Focus on and analyse the issues and strategies required to select and develop manpower
develop relevant resources.
 Understand the process and evaluation of performance appraisal and compensation
management.
 Develop relevant skills necessary for application in HR-related issues.

1. Perspectives in HRM: role of HR managers, sub - systems of HRM, HR functions and policies
Organization for HRM, Development of HRM in India, Recent trends in HRM, Impact of
globalization on HRM.

2. HR Planning, Recruitment and Selection: scope of HR planning, Job analysis, job design Job
description and job evaluation, methods of recruitment. Testing for selection of employees, use of
psychological test, selection process, interviews errors in selection.

3. Training and Development: induction and Orientation, methods of training, training manual,
training under ISO and QS Certification. Supervisory, Executive and Management development
programmes. Career development.

4. Performance Management: KRA and KPAs, Traditional vs Modern method of performance

management. Potential appraisal, Feedback systems. Job evaluation.

5. Compensation Planning: wages and salary, Administration perks, Fringe benifits, Bonus,
Incentives. Compensation surveys. Productivity, Performance linked, Pay structure. Compensation
review and structuring.

Suggested Readings:
1. A Textbook of Human Resource Management- R S Dwivedi, Vikas Publications.
2. HR and Personnel Management – Keith Davis
3. Personnel Management – Flippo
4. Human Resource Management – T .V.Rao
5. Human Resource Management – Pattanaik
6. Human Resource Management – Micheal Arms trong
7. Human Resource Management – Gary Desseler

Corporate Finance
Course Outcome:
Learners will be able to:
 Understand the working of corporate financial systems.
 Understand investment decisions.
 Understand private equity and venture capital.

1. Goal of the Firm: profit maximization vs wealth maximization, Value creation, Agency problems,
Social responsibility, Role of financial management, Time value of money, Valuation of securities–
stocks and bonds. Concept of risk and returns of securities, using probability distribution to measure
risk, risk and return in portfolio context (using excel).

2. Capital Budgeting: estimating cash flows – initial, intermediate and terminal Cash flows on
incremental basis, Capital budgeting decision rules, Payback, ARR, DCF techniques – NPV, IRR, P
I, using excel.
3. Cost of Capital: cost of debt, preferred stock, equity, computing WACC, The CAPM approach,
Adjusting WACC for risk. Long–term financing, Public issue of debt, Preferred stock and Common
stock, Term loans.

4. Capital Structure Theories: traditional view vs MM hypothesis, MM position I & II, Capital
structure designing in practice – EBIT – EPS analysis the pecking order theory. Dividend decisions,
Relevance vs irrelevance of dividends.

5. Working Capital Management and Finance: cash management, Receivables management and
Inventory management. Working capital finance in India.

Suggested Readings:
1. Business Accounting and Financial Management- Subhash Chandra, PHI
2. Fundamentals of Financial Management – Van Horne and Wachowitz
3. Financial Policy and Management – Van Horne, 12th edition.
4. Financial Management – Prasanna Chandra
5. Corporate Finance – Brigham and Erhardt
6. Corporate Finance – Ross, Wetfield & Jaffer

Quantitative Methods
Course Outcome:
Learners will be able to:
 Understand various quantitative & statistical methods
 Analyze data and draw inferences from data
 Use statistical tools and calculate and interpret statistical values
 Demonstrate an ability to apply various statistical tools to solve business problems.

1. Scientific methods: induction, deduction, theory, concepts, constructs, definitions, variables,

models, laws, hypothesis, syllogism, levels of abstraction. Fallacies of reasoning. The nature of
research in Management, Exercises in writing a research proposal.

2. Principles of research design: types of basic research methods and secondary research methods,
sampling design, measurement and measurement scales. Data collection methods, observational
studies, experimentation. Qualitative methods of research.

3. Analysis and presentation of Data: use of statistical techniques, style manuals. Exercises in
writing management reports.

4. Linear programming: types of linear programming, simplex method, primal and dual, sensitivity
analysis, resource allocation, production planning, product mix and capital budgeting decisions using
softwares.

5. Transportation and assignment problem: sequencing problems, Decision making under risk and
uncertainty, decision trees. MS excel solver for all the above models.

Suggested Readings:
1. Research Methodology & Operations Research- H. R. Ramnath, HPH.
2. Business Research Methods – Zikmund
3. Marketing Research – Malhotra N . K.
4. Business Research Methods – Donald R . Coopers and Schindler
5. Foundations of Behavioural Research – F.N . Kerlinger
6. MLA Handbook for Researchers – ML A Association
7. APA Manual
8. Social Research Methods – Bryan
9. Case Study Me thod of research – Robert K Yin
10. Designing Qualitative research – Marshall and Rossman
11. Research Design & Methods – Kennet G . Bordeaux & Others
12. Marketing Research with SPSS – Corl Mc . Daniel & Gates
13. Marketing Research – Churchil & Lacobucci

Legal Aspects of Business

Course Outcome:
Learners will be able to:
 Disseminate knowledge on the formation and management of the business in the company
format.
 Learn the applicability of various industrial laws.
 Develop an insight into matters related to foreign exchange and its effect on managing the
 business.
 Interpret the laws related to intellectual properties and their influence on business.

1. Outlines: Industries Development and Regulation Act Competition Act (IDRA). Foreign exchange
management act. (FEMA),

2. Outlines: Company Law, provisions of Indian Companies Act 1956 relating to incorporation,
management and administration. Filling of returns, Remedies against mismanagement and oppression.
Powers of investigation by the Government, Issues relating to good corporate governance.

3. Outlines: intellectual property rights, Patents and Trade marks Act, copyrights act, geographical
appellation.

4. Outlines: security Market Laws, Security and Exchange Board of India Act (SEBI ), Securities
contract act, Laws pertaining to stock exchanges, SARFESI Act.

5. Outlines: consumer protection act and Information technology act .

Suggested Readings:
1. Business Law for Managers- P. K. Goel, Wiley.
2. A Manual of Business Laws – S.N. Maheshwri and S. K.Maheshwari
3. Business Law for Management – K.R.Bulchandani
4. Business Environment: Texts and Cases – Francis Cherunilam
5. Business and Corporate Laws – S.S.Gulshan and G.K .Kapoor
6. Bare Acts of respective legislations

Operations Management
Course Outcome:
Learners will be able to:
 Know the production process and related issues in industrial units.
 Execute inventory planning and material requirements planning.
 Carry out job designing in the organizations.
 Understand Total Quality Management and Supply Chain Management.
1. Operations Management: product strategies – Product life cycle –Productive system types –
Impact of technology and organization of the operations function – Requirements of forecasting for
operations .

2. Plant Location and Types of Plant Layout: product planning and control– Inventory planning
and control – Materials requirements planning – Planning production in aggregate terms.

3. Job Designing: work study and time study – Statistical quality control methods – Japanese
manufacturing systems – Flexible manufacturing system – Operations systems of the future .

4. Total Quality Management: trends in quality management benchmarking and business process
reengineering, Kaizen – Six Sigma Motorola systems – Quality criteria based on Deming prize –
Malcolm Baldrige Award . Quality Management Systems, ISO Standards .

5. Supply Chain Management: concept of SCM. Operating model for supply chain . Managing the
external and internal supply chain . Global SCM and sourcing .

Suggested Readings:
1. Operations Management and Productivity Techniques- Mukherjee, P. N., Kachwala, T. T.,
PHI.
2. Modern Production Management– Buffa Elwood. S and Rakesh K. Saren, John Wiley and
Sons, 2003.
3. Production and Opera tion Analysis – Steven Nahmas
4. Casesin Production / Operations Management – K.N . Krishnaswamy
5. The Benchmarking Management Guide – American Productivity and Quality Center,
Productivity Press, USA, 1993 .
6. Total Quality Management – Dale H. esterfield and others – Pearson Education, New Delhi,
2003.
7. Total Quality Management – Pornima Choudhary – Pearson Education – New Delhi, 2002.
8. Total Quality Management – Sridhar Bhatt.
9. Supply chain Management theory and practices – Mohanty and Deshmukh, Biztantra 2005.
 Management Information Systems
Course Outcome:
Learners will be able to:
 Identify contemporary MIS and information systems support in business strategy,
business processes, and practical applications in an organization.
 Interrelate various support systems used for business decisions and to sustain competitive
advantage.
 Observe global platforms for e-business, business mobility and communications,
collaboration, and cloud computing.
 Express ethical awareness and moral reasoning

1.Information Systems: data vs Information, Strategic role of information in management,

Organization as an information system. TPS, MIS, DSS, ESS, OAS, Networking concepts,
telecommunications networks.

2. Systems Development: the concept of systems development life cycle (SDLC), Types of SDLC,
Use of flow charts.

3.Application Technologies: ERP concepts, Evolution of ERP, ERP packages, SAP, Baan, MFG -
PRO, Oracle, ERP Evaluation, ERP and BPR, ERP Implementation, Extended ERP, Case studies.

4. Web Publishing: web publishing, Types of web sites, Web surfing, E -Commerce, B2B, B2C,C 2
C, E – commerce security issues, Ethical issues

5. Practical’s on ERP: Functional modules in business.

Suggested Readings:
1. Management Information Systems- Dr. P. Mohan, HPH.
2. MIS – Kennett G . Lauden and Jane P . Lauden
3. MIS – James A. O’ Brien
4. MIS- C.S . V.Murthy
5. Computer Today – S.K. Basudev
6. ERP Concepts – V.K. Garg
7. Project Management for business, engineering & technology: principles & practice– Nicholas,
John .M & Steynl, Hermann
 8. Project Management– Harvey Maylor– 1999, New Delhi, Macmillan pub
9. www.pmi.org

Semester- III
Project Management
Course Outcome:
Learners will be able to:
 Understand and execute Business-related Project Management.
 Structure Project Planning
 Comprehend Project Risk Management and reduce project risks.
 Develop an understanding of Project Team Management.

1. Project Management: concepts & key terms, evolution of integrated project management system,
aligning projects with organization strategy, effective project portfolio management system, project
life cycle, feasibilities of projects-different forms of project contracting.

2. Project Scope Management: defining Project scope, creating work break down structure (WBS),
project roll up, process break down structure, responsibility matrix .

3. Project Scheduling: network models, PERT & CPM using software’s, measuring risk.

4. Project Risk Management: contingency resources, reducing project duration .

5. Project Team Management: building high -performance project teams, managing virtual project
teams, project control process. Performance measurement and evaluation, project quality, planning,
quality assurance, quality audit, project closure, post completion audit .

References:
1. Project Management by Clifford Gray and Larson.
2. The practice and theory of project management creating value through change – Newton, Richard
– 2009, Hampshire, Palgrave Pub.
3. Effective project Management– Clements, James P & Gido Jack – 2006, New Delhi, Cengage
Learning.
4. Project Management: A managerial approach – Meredith, Jack . R & Mantel Samuel.J – 2006,
New Delhi, John Wiley & Sons.

Entrepreneurship
Course Outcome:
Learners will be able to:
 Understand, define, and conceptualise entrepreneurship in all its aspects
 Develop entrepreneur skills
 Develop knowledge on how to assess business opportunities and an in-depth
understanding of what typically characterizes successes and failures.
 Understand and analyze the entrepreneurial relationships with customers, stakeholders,
etc.
 Understand the need for research in different business aspects and execute them.
 Detect weaknesses and strengths within a business opportunity.

1. Foundations of Entrepreneurship: nature of Entrepreneurship, social & cultural factors in

nurturing entrepreneurship. Institutional support for promoting entrepreneurship in India, role of
Universities & Colleges, CSIR labs . Case study of incubation.

2. Business Planning: from idea generation to preparation of detailed business plans. Exercises in
preparation of business plans .

3. Venture Capital: valuing and financing a venture, stages of venture development and financing,
venture capital firms (VC ’ s) venture expansion strategies.

4. Rural & social entrepreneurship: potential for entrepreneurship in rural India, SHGs, micro credit
etc., Case studies of rural & social entrepreneurship in India .

5. Entrepreneurs in India: family entrepreneurs, women entrepreneurs.

References:
1. Entrepreneurship – Prof. T.V. R a o
2. Entrepreneurship – Hisrich & Peter
3. Entrepreneurship- Mathew J Manimala
Semester- IV
Strategic Management
Course Outcome:
Learners will be able to:
 Device organisational strategies with a clear vision and mission using the best available
technology.
 understand environmental considerations and also know the socioeconomic and cultural
background of both internal and external environments.
 Execute policy-making process and make technological changes keeping in mind the
change in needs of the customers to compete in local as well as global markets.
 Understand generic competitive strategies.

1. Overview of strategic management: origin of strategy, strategy vs structure, elements of business

strategies, Strategic Management process.

2. Environmental Analysis: Strategically relevant components of internal and external environment,

Industry and competitive analysis, analysis of resources and competitive capabilities, environmental
scanning techniques.

3. Establishing organizational direction– developing strategic vision, mission and setting

objectives. Strategic intent and the concept of strategic pyramid, corporate ethics and social
responsibility.

4. Generic competitive strategies– stability, expansion, retrenchment, conglomerate and their

variants. Strategic and competitive advantage, new business models for global and internet economy,
Strategy clusters and models relating to portfolio analysis.

5. Strategy implementation– building core competencies and competitive capabilities, developing

policies and procedures for implementation. Designing and installing supporting and rewarding
systems. Evaluating and monitoring implementation.

Suggested Readings-
1. Strategy and Structure – Alfred C. Chandler
2. Strategic Management – Alex Miller and Irwin
3. Competitive Advantages: Creating and Sustaining, Superior Performance– Michael E. Porter
4. Competing for the future – Prahalad and Hammel
5. The Future of Competition– Prahlad and Venkataraman
6. Crafting and executing Strategy –A. Thompson and others
7. The Art of Strategy– Avinash K. Dixit and Barry J. Nalebuff

Elective: Syllabus
Elective – I Introduction to Data Science
Course Outcome:
Learners will be able to:
 Know the fundamentals of Data Science and stages in a Data Science Project.
 Apply Data Science in various fields.
 Understand data collection strategies.
 Develop data analytical skills

1. Introduction: Introduction to Data Science – Evolution of Data Science – Data Science Roles –
Stages in a Data Science Project – Applications of Data Science in various fields – Data Security
Issues.

2. Data Collection and Data Pre-Processing: Data Collection Strategies – Data Pre-Processing
Overview – Data Cleaning – Data Integration and Transformation – Data Reduction – Data Discreti-
zation.

3. Exploratory Data Analytics: Descriptive Statistics – Mean, Standard Deviation, Skewness and
Kurtosis – Box Plots – Pivot Table – Heat Map – Correlation Statistics – ANOVA.

4. Model Development: Simple and Multiple Regression – Model Evaluation using Visualization –
Residual Plot – Distribution Plot – Polynomial Regression and Pipelines – Measures for In-sample
Evaluation – Prediction and Decision Making.

5. Model Evaluation: Generalization Error – Out-of-Sample Evaluation Metrics – Cross Validation

– Overfitting – Under Fitting and Model Selection – Prediction by using Ridge Regression – Testing
Multiple Parameters by using Grid Search.

Suggested References / Further Reading:

1 Smarter Decisions: The Intersection of IoT and Data Science, Jojo Moolayil
2 Doing Data Science”, O'Reilly, Cathy O’Neil and Rachel Schutt
3 Data Science and Big data Analytics, David Dietrich, Barry Heller, Beibei Yang
4 Handbook of Research on Cloud Infrastructures for Big Data Analytics, Raj, Pethuru

Elective – II Statistics for Data Science

Course Outcome:
Learners will be able to:
 Understand descriptive statistics and techniques of sampling, data classification,
tabulation, and representation.
 Apply correlation and regression
 Understand probability theory, distribution functions, and probability distributions.

1. Descriptive Statistics
Sampling Techniques – Data Classification – Tabulation – Frequency and graphic Representa-
tion – Measures of Central Tendency – Measures of Variation – Quartiles and Percentiles –
Moments -Skewness and Kurtosis.
2. Correlation and Regression
Scatter Diagram – Karl Pearson’s Correlation Coefficient – Rank Correlation -Correlation Coef-
ficient for Bivariate Frequency Distribution – Regression Coefficients – Fitting of Regression
Lines.
3. Probability Theory
Random Experiment – Sample Space – Events – Axiomatic Definition of Probability – Ad-
dition Theorem – Multiplication Theorem – Baye’s Theorem -Applications.
4. Distribution Function
Continuous and Discrete Random Variables – Distribution Function of a Random Variable – Prob-
ability Mass Functions and Probability Density Functions – Characteristic Functions – Central
Limit Theorems.
5. Probability Distributions
Probability Distributions – Recurrence Relationships – Moment Generating Functions – Cu-
mulant Generating Functions – Continuous Probability Distributions -Rectangular Distribu-
tion – Binomial Distribution – Poisson Distribution – Continuous Probability Distributions –
Uniform Distribution -Normal Distribution – Exponential Distribution.
Suggested References / Further Reading:
1 Gupta, S.C. and Kapoor, V.K.: “Fundamentals of Mathematical Statistics”, Sultan & Chand
& Sons, New Delhi, 11th Ed, 2002.
2 Hastie, Trevor, et al. “The elements of Statistical Learning”, Springer, 2009.
3 Practical Statistics for Data Scientists, 2nd Edition, Peter Bruce, Andrew Bruce and Peter
Gedeck, May 2020
4 Statistics for Machine Learning, By Pratap Dangeti, July 2017

Elective – III Python for Data Science

Course Outcome:
Learners will be able to:
 Understand data structures.
 Execute Python programming.
 Know Numpy and Pandas packages.
 Undertake visualization in python
 Perform data aggregation and group operations

1. Data Structures and OOP: Python Program Execution Procedure – Statements – Expressions –
Flow of Controls – Functions – Numeric Data Types – Sequences – Strings – Tuples – Lists – Dic-
tionaries.
Class – Constructors – Object Creation – Inheritance – Overloading.
Text Files and Binary Files – Reading and Writing.
2. Numpy and Pandas Packages: NumPy ndarray -Vectorization Operation -Array Indexing and
Slicing -Transposing Array and Swapping Axes -Saving and Loading Array -Universal Functions -
Mathematical and Statistical Functions in Numpy.
Series and Data Frame data structures in pandas -Creation of Data Frames – Accessing the columns
in a Data Frame -Accessing the rows in a Data Frame -Panda’s Index Objects -Reindexing Series
and Data Frames -Dropping entries from Series and Data Frames Indexing, Selection and Filtering
in Series and Data Frames -Arithmetic Operations between Data Frames and Series -Function Ap-
plication and Mapping.
3. Data Wrangling: Combining and Merging Data Sets – Reshaping and Pivoting – Data Trans-
formation – String manipulations – Regular Expressions.

4. Data Aggregation and Group Operations: Group By Mechanics – Data Aggregation – Group-
Wise Operations – Transformations – Pivot Tables – Cross Tabulations – Date and Time data types.

5. Visualization in Python: Matplotlib and Seaborn Packages – Plotting Graph -Controlling

Graphs – Adding Text – More Graph Types – Getting and Setting Values – Patches.

Suggested References / Further Reading:

1. Introduction to Python Programming, Gowrishanker and Veena,
2. Python Crash Course, 2nd Edition, By Eric Matthes
3. NumPy Essentials, By Leo Chin and Tanmay Dutta
4. Data Science from scratch, O'Reilly Joel Grus
5. Python for Data Analysis, O'Reilly Media, Wes Mc Kinney,
6. The Fundamentals of Python: First Programs, Kenneth A. Lambert
7. Python Data Science Handbook: Essential Tools for Working with Data Jake
Vanderplas

Optional: Advanced Excel

Course Outcome:
Learners will be able to:
 Know about the information needs of Management.
 Use the Excel tools.
 Perform statistical data analysis through MS-Excel

1. Conditional Logic: Introduction – IF Statement – Nested IF – AND – OR – NOT – IFERROR

SUMIF – AVERAGEIF – COUNTIF & COUNTIFS – SUMIF – AVERAGEIFS
Text Formulas – Introduction – Case Formulas – Fix Number Fields – Trim Spaces – Substitute
Text

2. Introduction to Charts: Chart types – Instant Chart – Update Chart – Column Chart – Picture
Fill – Line Chart – Scatter Chart – Chart Styles – Chart Layouts – Add Labels, Axis Options,
Chart Title, Legends, Data Labels
Outline, Sort, Filter and Subtotal – Introduction – Group and Ungroup – Sort Data – Sort
Multiple Levels – Filter Data – Advanced Filter – Conditional Sorting and Filtering – Sorting
with Custom Lists – Subtotal

3. PivotTables: Introduction – Creating PivotTables – Choosing Fields – PivotTable Layout –

Filtering PivotTables – Modifying PivotTable Data – PivotCharts

4. Protecting Data: Introduction – Workbook Passwords – Protecting Workbooks – Unlocking

Cells
Macros – Introduction and Macro Security – Recording a Macro – Assign a Macro to a Button or
Shape – Run a Macro upon Opening a Workbook – Inspect and Modify a Macro
Shape – Run a Macro upon Opening a Workbook – Inspect and Modify a Macro

Suggested References / Further Reading:

1. Excel 2019 Bible”, John Walkenbach
2. Excel 2019 Power Programming with VBA”, Dick Kusleika and Michael Alexander
3. Advanced Excel Essentials, Jordan Goldmeier

Elective – IV Machine Learning

Course Outcome:
Learners will be able to:
 Understand a set of well-known supervised, unsupervised and semi-supervised learning
algorithms
 Use a tool to implement typical clustering algorithms for different types of applications
 Identify applications suitable for different types of machine learning with suitable
justification
 Implement probabilistic discriminative and generative algorithms for the application of
your choice and analyse the results

1. Introduction: Machine Learning Foundations – Overview – Design of a Learning System – Types

of Machine Learning – Supervised Learning and Unsupervised Learning – Mathematical Foundations
of Machine Learning – Applications of Machine Learning.

2. Supervised Learning: Simple Linear Regression – Multiple Linear Regression – Polynomial

Regression – Ridge Regression – Lasso Regression – Evaluating Regression Models – Model Selec-
tion – Bagging – Ensemble Methods.
Classification – Logistic Regression – Decision Tree Regression and Classification – Random Forest
Regression and Classification – Support Vector Machine Regression and Classification -Evaluating
Classification Models.

3. Unsupervised Learning
Clustering – K-Means Clustering – Density-Based Clustering – Dimensionality Reduction – Collab-
orative Filtering.

4. Association Rule Learning and Reinforcement Learning

Association Rule Learning – Apriori – Eclat – Reinforcement Learning – Upper Confidence Bound
– Thompson Sampling – Q-Learning.

Suggested References / Further Reading:

1 Machine Learning: A Probabilistic Perspective, Kevin P. Murphy
2 Introduction to Machine Learning, Ethem Alpaydin,
3 Machine Learning, Tom Mitchell

Elective – V Big Data Analytics

Course Outcome:
Learners will be able to:
 Understand business decisions and create a competitive advantage with Big Data
Analytics
 Know the fundamental concepts of big data analytics.
 Analyse big data using intelligent techniques.
 Understand and use search methods and visualization techniques.
 Use various techniques for the mining data streams.
 Understand the applications using Map Reduce Concepts.
 Use the programming tools PIG & HIVE in the Hadoop echo system.

1. Introduction to big data: Introduction to Big Data Platform – Challenges of Conventional

Systems - Intelligent data analysis – Nature of Data - Analytic Processes and Tools - Analysis vs
Reporting.

2. Mining data streams: Introduction To Streams Concepts – Stream Data Model and Architecture
- Stream Computing - Sampling Data in a Stream – Filtering Streams - Counting Distinct,
Elements in a Stream – Estimating Moments – Counting Oneness in a Window – Decaying Window
- Real time Analytics Platform (RTAP) Applications – Case Studies - Real Time, Sentiment Analysis-
Stock Market Predictions.

3. Hadoop: History of Hadoop- the Hadoop Distributed File System – Components of Hadoop
Analysing the Data with Hadoop- Scaling Out- Hadoop Streaming- Design of HDFS-Java
interfaces to HDFS Basics- Developing a Map Reduce Application-How Map Reduce Works-
Anatomy of a Map Reduce Job run-Failures-Job Scheduling-Shuffle and Sort – Task execution -
Map Reduce Types and Formats- Map Reduce Features - Hadoop environment.

4. Frameworks: Applications on Big Data Using Pig and Hive – Data processing operators in Pig
– Hive services – HiveQL – Querying Data in Hive - fundamentals of HBase and ZooKeeper -
IBM InfoSphere BigInsights and Streams.

5. Predictive Analytics- Simple linear regression- Multiple linear regression- Interpretation of

regression coefficients. Visualizations - Visual data analysis techniques- interaction techniques -
Systems and applications.

Suggested References / Further Reading:

1. Michael Berthold, David J. Hand, “Intelligent Data Analysis”, Springer, 2007.
2. Tom White “Hadoop: The Definitive Guide” Third Edition, O’reilly Media, 2012.
3. Chris Eaton, Dirk DeRoos, Tom Deutsch, George Lapis, Paul Zikopoulos,
4. “Understanding Big Data: Analytics for Enterprise Class Hadoop and Streaming Data”,
McGrawHill Publishing, 2012.

Elective – VI Cloud Computing

Course Outcome:
Learners will be able to:
 Identify the technical foundations of cloud systems architectures.
 Analyze the problems and solutions to cloud application problems.
  Apply principles of best practice in cloud application design and management.
 Identify and define technical challenges for cloud applications and assess their
importance

1. Basics of Cloud Computing, Cloud Models & Virtualization

Introduction: What is a Cloud?, Global nature of a Cloud, Evolution of Cloud Computing
Cloud Models: System Models for Distributed and Cloud Computing, NIST Cloud Computing
Reference Architecture, Cloud Deployment Models, Cloud Service Models, Cloud Service Provid-
ers
Virtualization: Basic Concept of Virtualization, Types of Virtualization, Implementation Levels of
Virtualization, VMM Design Requirements and Providers, Virtualization Support at the OS Level
Other Concepts of Virtualization: Virtualization Structures/Tools & Mechanisms, Resource Man-
agement and Virtual Clusters, Desktop Virtualization, Server Virtualization

2. Cloud Infrastructure, Service-Oriented Architecture & Inter-Cloud Resource Management

Cloud Infrastructure: Cloud Computing and Service Models, Architectural Design of Compute &
Storage Clouds, Layered Cloud Architecture Development, Virtualization Support and Disaster Re-
covery, Architectural Design Challenges
Service-Oriented Architecture: REST and Systems of Systems, Services and Web Services, En-
terprise Multi Tier Architecture, Grid Services and OGSA
Inter-Cloud Resource Management: Extended Cloud Computing Services, Resource Provision-
ing & Platform Deployment, Virtual Machine Creation and Management, Global exchange of
Cloud Resources

3. Cloud Programming Model, Programming Support & Security in The Cloud

Cloud Programming Model: Features of Cloud and Grid Platforms, Parallel and Distributed Pro-
gramming Paradigms, MapReduce, Twister, and Iterative MapReduce, Hadoop Library from
Apache, Mapping Applications to Parallel and Distributed Systems
Cloud Programming Support: Programming Support of Google App Engine, Programming on
Amazon AWS and Microsoft Azure
Security in the Cloud: Security Overview, Cloud Security Challenges, Software-as-a-Service Se-
curity, Security Governance, Security Risk Assessment
Security Monitoring: Security monitoring, Security Architecture Design, Data Privacy, Govern-
ance, and Security, Virtual Machine Security, Application Security, Physical Security
4. Cloud- Based High Performance Computing (HPC)
High Performance Computing: Overview of HPC, History of HPC, HPC Architecture, Parallel
Computing, High Performance Computing, Applied to Cloud Computing, Cloud Computing and
Enterprise Architectures
Enterprise HPC on the Clouds: Overview of Enterprise Cloud-based HPC, Adoption Issues, Per-
formance & Optimization, Scheduling Studies, Implementations
HPC applications: HPC and Grid Computing, HPC and Big Data Computing, HPC and Windows,
HPC and Hadoop, HPC and GridGain
Other HPC Applications: Platform Symphony, HPC solutions on Oracle Cloud, Cassandra, Mem-
cached, GPGPU

5. Setting up Own Cloud

Cloud Set-up: Building an Open source based Private Cloud, Automated provisioning, Custom Im-
ages, Integration Tool- Nagio, Integration of Cloud

Suggested References / Further Reading:

1. Cloud Computing: Implementation, Management, and Security, John W.Rittinghouse and
James F.Ransome, 2010, CRC Press.
2. The Basics of Cloud Computing, Understanding the Fundamentals of Cloud Computing in
Theory and Practice, Derrick Rountree, Ileana Castrillo, 2014, Elsevier.
3. Distributed and Cloud Computing, From Parallel Processing to the Internet of Things, Kai
Hwang, Geoffrey C Fox, Jack G Dongarra, 2012, 1st Edition, Morgan Kaufmann Publishers.
4. NIST Cloud Computing Reference Architecture, Recommendations of the National Institute
of Standards and Technology, Fang Liu, Jin Tong, Jian Mao, Robert Bohn, John Messina, Lee
Badger and Dawn Leaf, NIST Special Publication 500-292.
5. Dr.G.R.Karpagam, J.Parkavi, IJCSI International Journal of Computer Science Issues, Vol.
8, Issue 3, No. 1, May 2011, Setting up of an Open Source based Private Cloud.
6. Cloud Computing for Enterprise Architectures, Zaigham Mahmood and Richard Hill,
Springer, 2011.
 Elective – VII Advanced Database Management Systems
Course Outcome:
Learners will be able to:
 Know the types of databases, and their significance
 Use Database System Applications.
 Know the forms and processes of Normalization
 Imply database recovery processes
 Decipher Transaction Processing, Concurrency Control, Locking Systems.
 Interpret Object-Oriented DBMS
 Construe Distributed Database
 Utilize Object-Relational Databases
 Acknowledge Advanced Databases in the true sense

1. Introduction & Types of Databases:

Introduction: Significance of Databases, Database System Applications, Advantages of DBMS,
Disadvantages of DBMS
Different types of databases: Data Models, Relational Database, Distributed Databases, Central-
ized Databases, Difference between Centralized and Distributed Databases

2. Normalization & Its Forms

Normalization: Purpose of Normalization, Functional Dependency, Anomalies in a Database, The
Normalization Process
Other Normal Forms: The Boyce-Codd normal form (BCNF), Multi-Valued Dependency (MVD),
Fourth Normal form (4NF), Fifth normal form (5NF), Database Design, Denormalization

3. Transaction Processing & Database Recovery Management

Transaction Processing: Basics of Transaction Processing, Serializability and recoverability,
Deadlock Handling, Multilevel Transaction, Real- Time Transaction Systems, Long- Duration
Transactions
Database Recovery Management: Need for Recovery, Recovery & Transactions
Provisions for Recovery, Failure Classification, Recovery Techniques, Remote Backup Systems

4. Concurrency Control & Locking Systems

Concurrency Control: Need for Concurrency Control, Concurrency Control by Timestamps, Con-
currency Control by Validation, Multiversion Schemes, Snapshot Isolation
Locking Systems: Locking Protocols, Implementation of Locking, Granularity of Data Items, Con-
currency control in index structures using locks, Other Concurrency Control Issues

5. Object-Oriented DBMS
Object-oriented DBMS: Concept & Design: Overview of Object-oriented paradigm, Object Iden-
tity & Object Structure, Type hierarchies and inheritance, Object-Oriented Data Models, Persistent
programming languages
Other Concepts of Object-Oriented Databases: Object-oriented database design
Persistence in OODBMSs, Encapsulation, Complex Objects, Issues in OODBMS, Advantages and
Disadvantages of OODBMSs

6. Distributed Database
Distributed Database: Basics of Distributed Database, DDBMS architectures, Homogeneous and
Heterogeneous databases, Distributed data storage, Advantages & Disadvantages of Data Distribu-
tion
Other concepts of Distributed Databases: Distributed transactions, Concurrency control & recov-
ery in distributed databases, Directory systems, Commit Protocols & Availability, Data Allocation
and Fragmentation, Distributed database transparency

7. Object Relational & Extended Relational Databases

Introduction to Relational Databases: Basic Concept of Relational Databases, Relational Data-
base Design, Integrity Constraints, Standards for OODBMS
Products and applications: Overview of object model of ODMG, Object Definition & Query Lan-
guage, An overview of SQL3, Nested relations and collections, Implementation issues for extended
type, Comparing OODBMS & ORDBMS

8. Advanced Databases
Introduction to Advanced Databases: Active database, Applications of active database, Temporal
database, Spatial database
Multimedia databases: Concept of multimedia databases, Automatic Analysis of Images, Object
Recognition in Images, Semantic Tagging of Images, Analysis of Audio Data Sources, Introduction
to Mobile Databases
Suggested References / Further Reading:
1. Database Systems: A Practical Approach to Design, Implementation, and Management,
Thomas Connolly & Carolyn Begg, Pearson, 6th Edition.
2. Database System Concepts, Henry F Korth, Abraham Silberschatz, and S. Sudharshan, 6th
Edition, McGraw Hill, 2011.
3. Fundamentals of Database Systems, R. Elmasri, S.B. Navathe, Fifth Edition, Pearson Educa-
tion/Addison Wesley, 2007.
4. Database Systems: A Practical Approach to Design, Implementation, and Management,
Thomas Connolly & Carolyn Begg, Pearson, 6th Edition.

Optional: Financial Risk Analytics

Course Outcome:
Learners will be able to:
 Perform Financial Risk Analytics using Quantitative Models, Statistical Methods,
Numerical Algorithms, and Software to address the challenging and important issues
associated with Big Financial Data.

1. Credit Risk Foundation & Risk Modeling

Credit Risk Foundation - Overview of Consumer Credit Products - Credit Risk Fundamentals -
Credit Rating Agencies - External Analysis for Credit Information - Verification Frameworks
Risk modeling – Fundamentals - Different approaches for risk modeling - Binomial Logistic,
Multinomial Logistic, Survival Analysis, Penalized Models, Hazard Models, ARIMA

2. Risk Modeling: Deep Dive

Decision Trees – Clustering - Build Model to Predict Probability of Default (PD) - Rare Event
Modeling - Business case studies using industry relevant datasets on almost all the models -
Advanced Modeling Techniques – Neural Networks (Pros/Cons), Support Vector Machines and
how they are used in Risk Analytics

3. Credit Risk Regulations (Global)

BASEL II Concepts – Pillar 1, 2 and 3 - BASEL II vs BASEL III - IFRS9 standards - Comparison
between requirements by FSA and APRA - Comparison between IFRS9 standard and CECL
(FASB) - CCAR - Regulation and calculation overview - Asset Classes - Business case studies
4. Model Validation – Regulations’ Context
Data Cleaning & Model Diagnostics, Variable Selection, Candidate Models, Residual Diagnostics,
Holdout / OOT Sample Testings - SR 11-7 Requirements – Detailed understanding (Conceptual
Soundness, Outcome Analysis, and Model Monitoring) - Model Documentation

5. Advanced Credit Risk Models – Setting Up Lgd, Ead Models

Economic LGD Calculations - Selection of “Discount” Factor in creating Economic LGD -
Conversion of model LGD to “Downturn LGD” - How EAD is calculated for Loan Products vs
Products with Limits - EAD Modeling options for / approach comparison

Suggested Reference / Further Reading:

1. Jimmy Skoglund, Weichen, Financial Risk Management, John Wiley & Sons Inc.
2. Richard Apostolik, Foundations of Financial Risk: An Overview of Financial Risk and
Risk-based Financial Regulation
3. Victoria Lemieuz, Financial Analysis and Risk Management, Springer Publication
4. Bart Baesens, Daniel Roesch, Harald Scheule, Credit Risk Analytics: Measurement
5. Techniques, Applications, and Examples in SAS, Wiley and SAS Business Series