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DRIVE-SPRING
2014
PROGRAM-MBADS/
MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SEMESTER-II
SUBJECT
CODE & NAME-MB 0049 - PROJECT MANAGEMENT
BK
ID-B1632
CREDIT
AND MARKS-4 CREDITS , 60 MARKS
Q1. Write short
notes on:
Commercial and
economic feasibility Technical feasibility
Give a brief
introduction, description including main points and conclusion on Commercial
and economic feasibility Technical feasibility
Answer.
Commercial and
economic feasibility
The economic feasibility aspect
of a project relates to the earning capacity of the project. Earnings of the
project depend on the volume of sales. Here, the following important indicators
are taken into consideration:
·
Present
demand of the goods produced through the project i.e. market facility (or)
getting a feel of the market. Future demand of the goods. A projection may be
made about the future demand. The period normally depends
Q2.
Define Project type organization and discuss in detail
(Define project
type organisation in your own words Give a brief outline of project type organization,
List the advantages of project type organization, List the disadvantages of
project type organization, Give a few examples of project type organization)1,3,2.5,2.5
Answer.
Project type
organization
In a project-type organisational
structure, the employees work for different projects in a team-like structure.
Examples are construction companies, where different teams work on different
projects.
Advantages of
project type organization
Clear line of authority: The project manager has complete
authority over the project. All the members of the project team are responsible
only to the project manager.
Q3. What is project
performance evaluation? Explain the various types of project performance
evaluation techniques.
(Define project
performance evaluation, Explain why
project performance evaluation is tool is important, List the types of project
performance evaluation Briefly explain each technique) 1,6,4
Answer.
Project
performance evaluation
Performance evaluation is an
important tool for the assessment of a system or service according to the measurements
specified. Evaluations of project performance are an independent study which is
systematically conducted from time to time to identify the progress of a project
and often these studies are conducted by including both experts from within and
outside the project.
Importance of
performance evaluation tools
Evaluation is planned from the
beginning of the project, and normally includes the following steps:
·
It
establishes accurately what is to be evaluated and how past outturns can be
measured;
Q4. Discuss the
major contents of the project’s final report
(Explain the
purpose of the project final report, List suggested content of project final
report , Explain each content and what it should contain) 2, 1,7
Answer.
Purpose of the
project final report
The final Project Report (PR)
should be written by the project manager himself. The PR should present project
evolution, its success, its management, any outstanding and team
recommendation. “The final report is not another evaluation, rather it is the
history of the project. It is the chronicle of the life and times of the
project, a compendium of what went right and what did not, who served the
project in what capacity, what was done to create the substance, and how it was
managed”.
Suggested
content and their uses
Q5. Explain the
various types of risk that can affect a business project.
Briefly discuss the
various Macro and Micro risks by defining the risks and using suitable examples
(Macro risks, Micro
Risks) 4,6
Answer.
Various Macro
and Micro risks by defining the risks
There are various types of risk
that can affect business project. While some of these risks can be controlled
through a number of options, some of them simply have to be accepted and
planned for any project environment.
Macro risk levels
A chance of a loss or injury is
called risk. It has two components the systematic risk and unsystematic risk.
Q6. What are the common features of project
management software.
(Briefly describe
the common features, Explain the use of the features) 8, 2
Answer.
Common features
of project management software
An attempt is made to present an
overview of generic features associated with various project management
software
packages available today. These
generic features include:
Data
entry features
o Project data and calendar: A
project start date is specified.
A calendar can be used to define
the working days and hours for each individual resource on a project. The
calendar is used in calculating the schedule for the project. Most systems
provide a default for the standard working period, such as Monday to Friday from
8:00 AM to 5:00 AM, with an hour for lunch. The calendar can be modified for
each resource.
For example, work hours can be
modified, company holidays can be entered as non-working days, and various
shifts can be entered.
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