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DRIVE-Fall
2014
PROGRAM/SEMESTER
-MBADS (SEM 4/SEM 6)
MBAFLEX/
MBAN2 (SEM 4)
PGDPMN
(SEM 2)
SUBJECT
CODE & NAME PM 0015 – QUANTITATIVE METHODS IN PROJECT
MANAGEMENT
BK ID-B1344
CREDIT AND MARKS-4
CREDITS AND 60 MARKS
Q1.
Write short notes on:
(Graphical
Evaluation and Review Technique (GERT), Cost control) 5, 5
Answer.
Graphical Evaluation and Review Technique (GERT)
Graphical
Evaluation & Review Technique (GERT) deals with probabilistic situations.
Although PERT technique also deals with uncertainties in timing of the projects
its calculations are based on the assumption that each activity contemplated
will materialize without any omission and there is no allowance for a
probabilistic choice of a path between nodes. PERT can not deal with a
situation where the activities already dropped at a subsequent stage to
Q2.
Describe CPM technique of project planning.
(Explain
what is the CPM, Steps in CPM planning, Benefits of CPM, Limitations of CPM)
1,6,1.5,1.5
Answer.
CPM technique of project planning
In 1957,
this project management method was designed in order to address the challenge
of shutting down the chemical plants for maintenance and then restarting the
plants once the maintenance work was completed. The main benefits of the CPM
are as follows:
·
CPM provides a graphical view of the project
·
CPM predicts the time required to complete the project
·
It shows the activities which are critical to
maintaining the schedule and which are not
Q.3. what do you understand by managing cash flow?
(Description
of Moving Averages and, Exponential Smoothing.) 5,5
ANS:
Moving Averages
The method of moving
averages for smoothing a time series is highly subjective and dependent
on L, the length of the period selected for constructing the averages.
If cyclical fluctuations are present in the data, the value of L chosen
should be an integer value that corresponds to (or is a multiple of) the
estimated average length of a cycle in the series. For example, suppose
we want to compute 5-year moving averages from a series containing n =
11 years.
Q.4.
Describe how you can choose an appropriate forecasting model. (2 marks each)
Guidelines
for Selecting a Model for the Purpose of Forecasting:
·
Performing a Residual
Analysis
·
Measuring the
Magnitude of the Residual Error Through Squared or Absolute Differences
·
Mean Absolute
Deviation
·
Principle of Parsimony
ANS:
Guidelines for
Selecting a Model for the Purpose of Forecasting
The guidelines are as
given below:
1. Perform a residual
analysis
2. Measure the
magnitude of the residual error through the squared differences
3. Measure the
magnitude of the residual error through absolute differences
Q.5.
Describe how you can display data using Gantt chart and Network Diagram Chart
in MS Project.
(
Description of displaying data using Gantt chart, Description of displaying
data using network diagram chart) 5, 5
ANS:
Description of displaying data using Gantt chart
The Gantt chart is a
horizontal bar chart that represents each task in the time scale of the
project. Each task entered in the project will be shown. The Gantt Chart can be
used to visually keep track of the tasks and also may be used to identify
important points about each task. Those tasks that together control the
completion date are known as the
Q.6.
How to create a report on the project activities in the MS Project.
(A
Setting Up of Reports, Process of Creating or Editing Reports , Reports that
can be printed, Check the Reports Available , Print a Report, Reports by Report
Type) (2 marks each)
ANS:
Editing Reports: Most of your reports
will be available from the pre-selected ones. The Custom choice will allow you
to design a very specific report if required. Using this feature will hopefully
now be familiar to you as the principle is not dissimilar to and easier than
editing tables and filters. When creating a custom report format the Custom
Report box will display 25 options which can be used directly or edited
according to your needs. When the required settings have been made the new
report will be available for printing.
Get fully solved assignment, plz drop a mail with
your sub code
computeroperator4@gmail.com
Charges rs 125/subject and rs 700/semester only.
if urgent
then call us on 08791490301, 08273413412
our website is www.smuassignment.in
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