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DRIVE- FALL 2014
PROGRAM
MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER
II
SUBJECT CODE & NAME
MB 0049 - PROJECT MANAGEMENT
Qus:1 Describe the CPM model.
· Explain the main focus of CPM and how is it different from PERT
· List the assumptions of CPM
· Explain the procedure of CPM analysis
Answer:
Explain the main focus of CPM and how is it different from PERT:
For projects considered uncertain, the PERT model was developed and for projects which are comparatively risk-free the CPM model was developed. Both the approaches start with the development of the network and a focal point on the critical path. Tthe PERT approach is 'probabilistic' while the CPM approach is 'deterministic'. This does not, however, mean that in
| Qus:2 Write short notes on: · The Shewhart Cycle · Project procurement process · Role of Risk Management in Overall Project Management · Design of PMIS(Project Management Information System) Answer: The Shewhart Cycle: PDCA (plan–do–check–act) is an iterative four-step management method used by the companies to control and continually improve their processes and products. PDCA is also referred to as the Deming circle/cycle/wheel, Shewhart cycle, control circle/cycle, or plan–do– study–act (PDSA). Figure below depicts the Shewhart cycle. |
Qus:3As an investor, how will you choose the projects to invest in?
· List the cash flow techniques you will use
· Explain any four commonly used methods in brief- list the criteria for choosing a project in each method
Answer:
List the cash flow techniques you will use:
If there are many alternative projects, all of which, at first sight, appear to be more or less equal in profit earning capacity, the investor should make a comparative study of the return on the different alternative proposals before choosing one. Such financial analysis broadly falls under
| Qus:4 Write a note on Earned Value Method (EVM). |
| · EVM explanation · Parameters to calculate performance measures · Plot of BCWS versus time · Plots BCWS, ACWP, and BCWP for a typical project Answer: EVM explanation: The Earned Value Method (EVM) is a useful tool that allows the calculations of cost and schedule performance measures including cost variance, schedule variance, cost and time over-runs for a project. |
Qus:5 Discuss the various methods of conflict resolution.
• List and explain the methods of conflict resolution and with examples
• Argue if one method suits all situations or if project managers need to need to use different methods to resolve conflicts.
Answer:
List and explain the methods of conflict resolution and with examples:
Conflict in the workplace is common. Conflicts occur when different people have different goals and needs; when one party thinks that the other party has done something to block the completion of their goals. There are many methods of conflict resolution. Generally, there are
Qus:6 Answer the following questions:
a. What are the advantages of using PM software package?
b. What are the types of project performance evaluation techniques?
• List and briefly explain the key advantages of using project management software.
• List and explain types of project performance evaluation techniques
Answer:
List and briefly explain the key advantages of using project management software:
The following are the key advantages of using project management software:
· Speed, effort, and accuracy:For a large project, manually carrying out activities like drawing a network, carrying out time analysis, reporting project progress, generation of various types of reports, updating network, and maintaining records is quite time and effo
Get fully solved assignment, plz drop a mail with your sub code
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Charges rs 125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412
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