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DRIVE summer 2016
PROGRAM MBA
SEMESTER II
SUBJECT
CODE & NAME MB 0049 - PROJECT MANAGEMENT
1 Write
Short notes on:
1.
PERT model
2.
CPM model
Answer: PERT model
A PERT chart is a project management
tool used to schedule, organize, and coordinate tasks within a project. PERT
stands for Program Evaluation Review Technique, a methodology developed by the
U.S. Navy in the 1950s to manage the Polaris submarine missile program. A
similar
2 Explain
Project Life Cycle in detail?
Project Life Cycle
Answer: The Project
Life Cycle
A
rational order of activities that are applied to attain the project’s goals or objectives
is known as the project life cycle. Most projects experience similar stages on
the path from origin to
3 Answer
the following questions:
1.
Mention the steps involved in a competitive bid.
2.
Mention the elements/points that must be kept in view when designing ,
developing and operating a PMIS (Project Management Information System)
1. List the 5 steps involved in a
competitive bid
2. List the 5 elements/points that must
be kept in view when designing , developing and operating a PMIS
Answer: Competitive bid (bid and award)
The steps involved in competitive bid
are discussed below:
1.
4 Explain
the purpose of Project Final Report. Discuss the major contents of the
project’s final report.
• Purpose of the project final report
• Contents of project final report
Answer: The
final Project Report (PR) should be written by the project manager himself. The
PR should present project evolution, its success, its management, any
outstanding and team
5 Write
short notes on
1.
Role of risk management in overall project management
2.
Quality assurance
Answer: Role of
Risk Management in Overall Project Management
Risk analysis and management is a
process which enables the analysis and management of the risks associated with
a project. Properly undertaken, it will increase the likelihood of
6 Explain
Earned Value Method (EVM) in detail.
• Earned Value Method (EVM)
Answer: The
Earned Value Method (EVM) is a useful tool that allows the calculations of cost
and schedule performance measures including cost variance, schedule variance,
cost and time over-runs for a
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