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DRIVE
SPRING 2016
PROGRAM
MBA
SEMESTER
III
SUBJECT
CODE & NAME PM0011 – PROJECT PLANNING AND SCHEDULING
1 Write short note on:
·
Hierarchy of
organisational objectives
·
Porter model a tool
for identifying investment opportunities
·
Design phase of
project management life cycle
·
Scope change
Answer: Hierarchy of organisational objectives
2 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.
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.
Answer: Bottom-up approach: Indicates an approach that is based on WBS.
Bottom-up approach is also termed as definite estimate or micro estimate. In
this approach, various sub-work packages associated with a project are
identified. Thereafter, each sub-work package is estimated and aggregated to
3 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
Answer: Operational
feasibility is a part of project feasibility study, wherein an organisation
analyses the extent to which a proposed project is appropriate for the existing
business environment and the organisational objectives. An operational
feasibility analysis helps an organisation in evaluating the capability of the
project to meet the desired objectives. The importance of operational
feasibility is highlighted in
4 Write short notes on
Crashing
Precedence diagramming method
Resource allocation
Scope creep
Answer: Crashing: In order to reduce the duration of a project,
organisations often assign additional resources to the project task. This
technique of assigning additional resources to reduce the project duration is
termed as crashing. According to BusinessDictionary.com, schedule crashing is
"Reducing the
5 What do you understand by cost
of quality? Elaborate on various types of quality costs associated with a
project.
[Write
the meaning of cost of quality
Explain
various types of quality costs associated with a project]
Answer: Quality is one of
the most important factors that determine the success of a project. Delivering
a project of desired quality is of paramount importance for meeting the needs
and requirements of the client. In case the output of the project does not
possess the desired level of quality,
6 What do you understand by
project scope? What are the various components of project scope? What is scope
creep? Explain various reasons for scope creep.
·
What
do you understand by project scope
·
components
of project scope
·
What
is scope creep
·
reasons
for scope creep.
Answer: project scope: A detailed project scope description helps to determine
the start and end dates, and major assumptions and constraints associated with
the project. At times, stakeholder expectations are
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