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DRIVE
WINTER 2014
PROGRAM
MBAFLEX/ MBA (SEM 3)
SUBJECT CODE & NAME
PM0011 – PROJECT PLANNING AND
SCHEDULING
Q1. Write short note on: 10 (2.5
marks each)
Ø Project
deliverables
Ø Project Rating
Index(PRI)
Ø Scope change
control
Ø Partnering
Answer: Project Deliverables: Take a case,
in which an organisation, ‘A’, is simultaneously involved in projects
related with manufacturing products for its customers and generating
reports for its employees. In both the projects, the organization deals
with certain deliverables or outcomes. Let us now discuss the term ‘project
deliverable’ in detail. Project deliverable is a
Q2.
Budget Estimation of ABC Company Ltd.
ABC
Company Ltd., established in 1985, is engaged in the manufacturing of leather
accessories. Over the years, the company, which started out as a local firm, has
made its mark as an international corporation. However, the company is still
working as a traditional set up.
The
high quality and durability of products have increased the demand of the
products in the market. As the production of the organisation is being
increased to meet the demand, the traditional set up is creating hurdles in the
production process.
Organisation
conflicts have arisen among the team members because of the unorganised
hierarchical structure of the company, which is affecting the output of the
organisation. Now that the management has decided to expand the business and
opened up branches abroad, the company is facing two more problems. The first
problem is in budgeting as the company is unfamiliar with international market
conditions, strategy, and business policy while the second problem is conflicts
at the time of team formation due to lack of experience of and exposure to
multinational work
culture,
which has further affected the output of the company.
The company can
estimate the budget through two methods, the bottom - up approach and the top -
down approach. The bottom -up approach is generally followed by the MNCs as it
is more accurate and reliable.
Mr.Parag has been
appointed as the country head of the company and he has also been assigned the
responsibility of incorporating the advanced project set up in the
organisation.
Questions:
1. Which project
estimation approach should be used by the company and why?
2. What type of
project organisation structure should be used by the company and why?
(1. Argue the pros
and cons of each project estimation approach, Recommend
the project estimation approach that best suits the company, List the reasons
for your decision by mentioning the data from the case) 2, 1, 2
(2. Describe the
existing organisation structure
List the
disadvantages of this structure, Recommend the project organisation structure
that should be used by the company, Give you reasons for recommending this
structure based on, the data given in the case and your knowledge on the FIVE
organizational structures.) 1, 1, 1, 2
Answer:
Q3.
What is the importance of operational feasibility? Explain the factors that
affect operational feasibility. (Mention the importance of operational feasibility,
Discuss the FOUR factors that affect operational feasibility) 2, 8
Answer: Operating Feasibility: In the
previous units, you have come to understand that feasibility study of a project
is very important from the point of view of an organisation as it enables
an organisation to assess whether the proposed project is capable of
achieving the desired goals and objectives. Operational feasibility is a part
of project feasibility study, wherein
Q4.Write
short notes on: 10( 2.5 marks each)
Ø
Monte
Carlo analysis
Ø
Work
break down structure
Ø
Resource
loading
Ø
Definitive
estimate (a method to estimate cost of a project)
Answer: Monte Carlo analysis: Monte Carlo
simulation is a problem-solving technique that is used to represent the
probability of certain outcomes by running a number of trial runs
(called simulations) and using random variables. This technique was introduced
by John von Neumann, Stanislaw Ulam, and Nicholas Metropolis while they
were working on the atomic bomb in the
Q5.
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) 1, 9
Answer: Cost of Quality (COQ): 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
rejected for not
Q6.
Explain some of ISO standards that should be considered by the project manager
during project execution. List the advantages of project management software.
(Discuss the FOUR ISO standards that should be considered by the project manager
during project execution, List any four advantages of project management
software) 8, 2
Answer: FOUR ISO standards that
should be considered by the project manager during project execution: International
Organisation for Standardisation, whose abbreviated form is ISO, is located in
Geneva, Switzerland. ISO was founded in the year 1947, and is one of the
world’s largest developers of International Standards. It has a membership of
more than 158
Get fully solved assignment. Buy online from website
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