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DRIVE-Fall
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 pr
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. The team members are aware that
they are pooled in for special purpose considering their expertise or special
skills that is helpful for the completion of the project. Hence, every team
member has a
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 participate
in brainstorming would rely on their own knowledge and perception
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:
• Assist
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