At the small private university I go to our CS department has a senior project we must complete before we graduate. Typically, the senior project has 2 classes for this. During your fall semester, the first class establishes your project, group, and introduces the planning process of the project as well talks about the moral parts of intellectual property. It mostly tries to create the role of a project manager for group members.

The second class, taken in the spring, takes all your project management artifacts you created (e.g. work breakdown schedule) and then implements them into creating the actual thing you've planned out. In the end you present your project to our CS faculty and your stakeholders. The projects we get are real world projects that we get from businesses which a lot of the times gets used in their organizations.