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DRIVE-Spring 2014
PROGRAM/SEMESTER-
MBADS (SEM 4/SEM 6)
MBAFLEX/ MBAN2 (SEM
4)
PGDROMN (SEM 2)
SUBJECT CODE &
NAME-ML0018-Project Management in Retail
BK ID-B 1844
CREDIT & MARKS- 4 Credits, 60
marks
Q.1. Explain Sensitivity Analysis and the ways in which it is carried out (Explanation
of sensitivity analysis, Explanation of four ways) 2, 8
ANS:
Sensitivity analysis
As the term clearly indicates,
sensitivity analysis is a technique in which the sensitivity of profit
(or net present value or internal rate of return) to the change in one
particular project-variable is studied. The philosophy that ‘only a few factors
may warrant management attention’, is embedded in the sensitivity analysis.
The vital few have to be identified, as they finally matter for the success
of the
Q.2.
Explain
Detailed Project Report and Critical areas of concern for a successful retail
store. (Explanation of Detailed project report, Explanation of critical areas) 2, 8
ANS:
Detailed Project Report (DPR)
Detailed Project Report (DPR) is
a project implementation guide for the project team. A detailed project
is prepared in several large volumes. The contents of a detailed project
report include some major information like:
Q.3.
Describe the
steps involved in Network Planning Techniques. 10
ANS:
Steps Involved in Network
Planning Techniques
Some steps must be followed for
the preparation of a network diagram or critical path model and their
application in retail project management decisions. Without distinguishing
the network diagram and critical path, these steps can be listed as
follows:
Q.4.
Every team member has a different attitude towards work which leads to chances
of conflict”. Explain the treatments used to overcome the conflict in projects
in retail. (Reasons for conflict in a team, Explanation
of Methods/Treatments) 2, 8
ANS:
Reasons
for conflict in a team
Project teams are generally made
by pooling in talents from different departments from the organization or by
appointing outside experts or both. In such scenario, the team members come
together for a specific task for a short period of time and may also be
handling dual responsibilities.
Q.5. “New ideas are fuel to any organization
process”. Explain the Judgmental process in the light of the above statement. (Meaning,
Components) 1,9
ANS:
Judgemental Process
New ideas are fuel to any
organization. Especially in retail, where the whole business is market
driven, constant inflow of new ideas to improve upon the existing
systems are most desired. Project ideas first pass through a brainstorming
process. This is a judgmental process, where all those who
Q.6.
Write short
notes on: a) Gantt Chart b) Fishbone Diagrams 5,5
ANS:
a)
Gantt
Chart
Gantt Charts (also known as Gantt
Diagrams) are useful tools for analysing and planning more complex
projects. They:
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