pm0013 smu mba fall 2014 III sem assignment

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DRIVE- FALL 2014

PROGRAM

MBADS (SEM 3/SEM 5)

SUBJECT CODE & NAME

PM 0013 – MANAGING HUMAN RESOURCES IN PROJECTS

Qus:1 Write short notes on:

·         Human Resource Cycle

·         Role of a project manager

·         Productivity measurement method of manpower estimation

·         Managing Conflicts in a project

Ø  Financial resources

Ø  Need for human resources management

Ø  Project team members

Ø  Challenges in developing a project team

Answer:

Financial resources:

Finance is the lifeblood of any project. Financial resources refer to the money or fund that a business or project requires in the forms of cash, loan etc. Following are some the elements of a project for which financial resources are required:

·         Land and site development

·         Buildings and civil works

·         Plant and machinery

Qus:2 What are the stages in a conflict process?

·         Give a brief description of the stages in a conflict process

Answer:

Give a brief description of the stages in a conflict process:

The stages in a conflict in detail.

1.  Potential opposition or incompatibility stage: It is the first stage that creates opportunities and scope for conflict. In this stage, some conditions such as difference of opinions that may give rise to a conflict are created.

2. Cognition and personalisation stage: It is the stage where the conditions of potential opposition or incompatibility stage neg

Qus:3 Write short notes on:

·         Qualities of a project leader

·         Dealing with Poor Performers in a Project Team

·         Minority groups

·         Health issues of project team members

Ø  Role of a project manager

Ø  Productivity measurement method

Ø  Importance of leadership in project management

Ø  Goal setting theory

Answer:

Role of a project manager:

The various roles of a project manager in detail which are as follows:

Facilitator: As a facilitator, the project manager focuses on ensuring judicious use of the resources required for a project. By performing the role of a facilitator, the project manager keeps the team members integrated so that they can perform collectively towards achieving project objectives. It also increases the overall

Qus:4 Explain the modern methods of performance management?

·         List the six modern methods of performance management

·         Explain the six modern methods of performance management

Answer:

List the six modern methods of performance management:

Qus:5 Explain various types of collective bargaining.

·         Explanation of four types of collective bargaining

Answer:

Explanation of four types of collective bargaining:

The types of collective bargaining are as follows:

1.      Distributive bargaining: It is a type of bargaining where both the parties stress on supporting their own benefits. Distributive bargaining involves less flexibility and understanding between the parties because it prioritises the interest of one party over other and leaves no scope for win-win situation. For example, the employee union of an organisation wants the organisation to raise their sa

Qus:6 What is a Human Resource Information System(HRIS).

·         Define HRIS

·         Very briefly Functions of HRIS

·         List any two advantages of HRIS

·         List any two disadvantages of HRIS

Answer:

Define HRIS:

A HRIS is a technology-based system that helps an organisation in acquiring, storing, analysing, manipulating and distributing information related to its employees in a systematic manner. According to Kovach and Cathcart, auth

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pm0012 smu mba fall 2014 III sem assignment

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DRIVE- FALL 2014

PROGRAM

MBADS (SEM 3/SEM 5)

SUBJECT CODE & NAME

PM 0012 – PROJECT FINANCE AND BUDGETING

Qus:1 Write short notes on:

·         Importance of project budget

·         Project Cost Profile

·         Term loans for financing projects

·         Role of project sponsors

Answer:

Importance of project budget:

Project budget not only plays a key role in the successful completion of a

project but also helps in its effective management. Project budget is an important part of project management in the following ways:

·         Cost control: Budgeting a project enables a project manager to get all details and increased control of the project

Qus:2 Discuss the financing of power projects.

·         Discuss about PPA (power purchase Agreement)

·         Describe it basic features

·         Mention the key risks and how these can be mitigated

Answer:

Discuss about PPA (power purchase Agreement):

In a power project, Power Purchase Agreement (PPA) is signed between State Electricity Board (SEB) and the Special Purpose Vehicle (SPV), as the produced power is purchased by the SEB. The contract clearly states the terms and condition

Qus:3 Explain the different key project documents.

·         Description of key project documents.

Answer:

Description of key project documents:

It is very essential for any project manager to keep proper documentation for the project for effective management. These documents help to know the various aspects of the project whenever needed during the life of the project. These documents are as follows:

·         Business case: It is a kind of agreement or contract or a decision analysis report which signifies that the project has been approved for commencement. It is managed between two parties for offering of services. In the business case, the resources involved in the project along with its cost and schedule a

Qus:4 Write short notes on:

·         Risk audit

·         Types of working capital

·         Factors affecting cash flows

·         Average rate of return method use to evaluate a investment on a project

Answer:

Risk audit:

Risk audit of a project keeps the project on track and within budget. It ensures that each process performs the required functions. Risk audit assesses the effectiveness of project management processes.Risk audit of a project is a sy

Qus:5 What are the problems associated with BOOT projects.

·         Explanation of the main problems associated with BOOT projects

·         Conclusion

Answer:

Explanation of the main problems associated with BOOT projects:

The main problems associated with BOOT projects are as follows:

·         There are problems with BOOT projects in reaching the construction stage. There may be many reasons for this. One of those reasons may be unavailability of experienced developers. If the developer is not experienced enough, then the project may face many problems in its completion. The other reason may be ab

Qus:6 Explain the different types of management contracts (a type of PPP ).

·         List the types of management contracts

·         Explain each type of management contract

Answer:

List the types of management contracts:

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pm0011 smu mba fall 2014 III sem assignment

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DRIVE- FALL 2014

PROGRAM

MBADS (SEM 3/SEM 5)

SUBJECT CODE & NAME

PM0011 – PROJECT PLANNING AND SCHEDULING

Qus:1 Write short note on:

·         Scope planning

·         Three point estimation tool used in project planning

·         Pure project management organisation

·         Negotiation strategies used in a project

Answer:

Scope planning: Indicates a stage where a Work Breakdown Structure (WBS) is developed by the organisation. A WBS can be considered as a structure, which helps an organisation to represent complex tasks and activities in a simple and easily understandable manner. A WBS breaks down a complicated task into individual and manageable activities. for instance, a project of 1,00,00,000 can be represented as a combination of twenty projects of 5,00,000 with the help of WBS.It should benoted tha

Qus:2 Explain the need of project planning and scheduling in managing any project. Discuss the elements of a project plan.

·         Explanation of the need of project planning and scheduling

·         List and explain the elements important elements of a project plan

Answer:

Explanation of the need of project planning and scheduling

In order to execute a project in the desired manner amidst such uncertainties, an organisation often makes educated guesses during the planning of the project. In project management, such educated guesses that are made by an organisationto manage project(s) are referred to as assumptions. In simple words, in project management, assumptions are the factors that an organisation considers to be true, or certain whi

Qus:3 Write short notes on :

·         Milestone charts

·         Life cycle approach used by organisations to identify investment opportunities

·         Pareto analysis

·         Resource levelling

Answer:

Milestone charts:

A milestone chart renders information about the list of various sub-activities that must be completed in order to complete a particular activity. Milestones can be referred to estimate the completion of individual phases of an activity

Qus:4 Explain the factors that affect market feasibility.

·         Explain the factors and sub factors that affect market feasibility

Answer: The factors affecting market feasibility:

1.Industry description

Industry description examines the industry or market segment in order to evaluate its potential scope. A market feasibility study should assess whether the industry or market is stable, expanding or contracting. The scope needs to be analysed in terms of annual sales, range of products and services, customer groups, and major competitors. Industry description will assist in gathering knowledge about industry competitiveness and barriers to entry. Let us discuss these two aspects of industry description in detai

Qus:5 What do you understand by cost of quality? Elaborate on various types of costs of quality associated with a project.

·         Write the meaning of cost of quality

·         Briefly explain each types of costs of quality associated with a project

Answer:

Write the meaning of cost of quality:

Cost of quality indicates the sum of conformance cost and non-conformance cost. Conformance means delivering products that meet the quality requirement of the customer; whereas, non-conformance indicate the products that are reject

Qus:6 What is fast tracking? Describe the steps to be performed in fast tracking.

·         Write the meaning of fast tracking

·         Mention its importance

·         Explain the steps performed in fast tracking

Answer:

Write the meaning of fast tracking:

Fast tracking is a time-saving technique that is used to reduce the duration of the project. Fast tracking technique focusses on perform

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pm0010 smu mba fall 2014 III sem assignment

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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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DRIVE- FALL 2014

PROGRAM

MBADS (SEM 3/SEM 5)

MBAFLEX/ MBA (SEM 3)

PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT

Qus:1 Describe the principles of project management.

·         Brief description of the 8 principles of project management

Answer:

The study of project management is based on certain universally applicable

principles. These principles are given by James Chapman.

These principles are as follows:

1)      Principle of business nature an

Qus:2 Define is project scope. Describe the elements of project scope

·         Definition of project scope

·         List the elements of project scope

·         Describe each element of project scope

Answer:

Definition of project scope:

Project scope is part of project planning and involves setting project goals, identifying processes, assigning tasks, and allocating resources. Defining project scope is a prerequisite for setting the stage for project plan development. The scope should be defined

Qus:3 Write short notes on:

·         Force field analysis

·         Product mix analysis

·         Financial feasibility of a project

·         Capital rationing

Ø  Force field analysis

Ø  Product mix analysis

Ø  Financial feasibility of a project

Ø  Capital rationing

Answer:

Force field analysis:

This project planning tool was developed by Kurt Lewin, a renowned social psychologist. The tool identifies the negative and positive forces associated with a particular project. In other words, forcefield analysis tool is used to analyse the pros and cons of a project. For example, while taking decision regarding buying a car, there two forces that works in your mind, one, the helping forces that stimulate you to make the buy

Qus:4 What are the sources of differences, for which social costs and benefits of project are estimated?

·         Explain the rational of Social cost benefit analysis

·         Discuss the sources of differences, for which social costs and benefits of project are estimated

Answer:

Explain the rational of Social cost benefit analysis:

SCBA is required, especially when it has to reckon with numerous challenges in its implementation. It is to be noted that social costs and benefits of a project are different from the monetary cost and benefits of the pr

Qus:5 Explain the corporate governance practices in infrastructure projects.

·         Explain why corporate governance is required in infrastructure projects

·         Explain the stages of corporate governance framework

Answer:

Explain why corporate governance is required in infrastructure projects:

The SPV is a distinct corporate entity. Therefore, it needs to follow the standards of corporate governance to protect the rights of shareholders and lenders. However, lack of efficient corporate governance standards may result in lack of trust among the stakeholders. For example, any avoidable Project Cost Escalations, incurred due to the lack of proper control measures, when transferred to the government or purchaser cause signi

Qus:6 Write short notes on:

·         Expert judgement (a tool used in procurement planning)

·         Project audit

·         Statistical Quality Control (SQC)

·         Project termination by extinction

Ø  Expert judgement (a tool used in procurement planning)

Ø  Project audit

Ø  Statistical Quality Control (SQC)

Ø  Project termination by extinction

Answer:

Expert judgement (a tool used in procurement planning):

An important tool that helps in procurement planning is expert judgement. The decision to procure products and services on the basis of an expert’s advice can be beneficial for an organisation. Sometimes, an organisation appoints an expert, who can be from within or outside the organisation. Such an expert is proficient and well trained in the field of procurement management, and has the ability to guide the organisation in its procurement decisions. Therefore, expert judgement can emanate from the following

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·         .