Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412
DRIVE
SPRING 2016
PROGRAM
MBA
SEMESTER
III
SUBJECT
CODE & NAME PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT
1
Define project and also elaborate different characteristics of a project?
What
do you understand by Project Management and also discuss its objectives?
Definition of a
Project and its characteristics
Meaning of Project
Management (PM) and objectives of PM
Answer: The
Project Management Institute (PMI) defines a project as “a temporary endeavour
undertaken to create a unique product or service. Projects usually include
constraints and risks regarding cost, schedule, or
2
Explain in detail the stages of Project Management Lifecycle with examples?
Stages of Project
Management Lifecycle
Answer: Project
Management Lifecycle
Project initiation
Initiation is the first phase of the project
management lifecycle. In this phase, a project manager is assigned through the
‘project charter’ to plan the project so that the project can be completed
within the stipulated time. The key purpose of this phase is to study the
feasibility of the project. In addition, decisions are also made
3
Explain the various types of project plans?
Write
a short note on Financial Feasibility of a Project?
Types of project
plans
Financial
Feasibility of a Project
Answer: Types of
Project Plans
Financial plan: When you
talk of a financial plan, what comes to your mind? Doesn’t it occur to you that
you use financial plan in your daily lives too? A good example of financial
plan is your family budget. In project management,
4
Discuss any two types of Capital Budgeting Techniques in Project selection?
What
are the activities performed by procurement management?
Capital Budgeting
Techniques in Project selection
Concept of
Procurement Management
Answer: Capital Budgeting Techniques in Project selection
The ARR method
ARR is also known as Return on Investment (ROI). It is
a traditional method of evaluating investment in a project. This method is
significantly different from other methods of project selection as it deals
with the accounting
5
Discuss the concept and objectives of project evaluation?
Briefly
explain the Planning-Monitoring-Controlling (PMC) Cycle?
Concept of Project
evaluation
Explanation of
Planning-Monitoring-Controlling (PMC)Cycle
Answer: Concept of Project Evaluation
This term originated in the year 1842, and
was derived from the French word ‘évaluation’,
which means setting the value of or appraising. Hence, project
evaluation can be defined as the process of comparing the actual advancement
and performance of a project to the planned advancement and performance. It can
also be called an interim assessment of a project at major milestones. More
specifically, you can say that the project
6
Discuss the importance of controlling and types of control?
Explain
the different types of Project Termination?
Importance of
Controlling and types of control
Types of Project
Termination(Fig. 15.1)
Answer: Importance
of Controlling
·
Creates better quality: Controlling
helps in achieving customer satisfaction, which, in turn, improves the quality
of the project. In the controlling process, the errors in the project are
spotted and corrective measures are taken to rectify those errors
·
Copes with
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412
No comments:
Post a Comment