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DRIVE
winter
2016
PROGRAM
MBADS
(SEM 3/SEM 5)
MBAFLEX/
MBA (SEM 3)
PGDPMN
(SEM 1)
SUBJECT
CODE & NAME
PM
0010 – INTRODUCTION TO PROJECT MANAGEMENT
Q1. a. Describe the
characteristics of a project b. Explain the triple constraints in project
management(a. List and explain the characteristics of a project b. State the
meaning of constraints Describe the triple constraints with the help of
examples.) 6, 4
Ans: Characteristics of a Project: Every project has a unique goal,
and it intends to serve some specific objectives of an organisation. For
example, highway projects undertaken by
construction organisations are
different in terms of scope, time involved, and requirement of resources as
compared to any product
Q2:
Write short notes on:
Project development
Project organisation
Factors affecting collection of market-related
information
Term loans as a means of financing projects
(Project
development, Project organisation, Factors affecting collection of
market-related information.
ANSWER:
Project
development:
In this phase of project management lifecycle, the progress of the project is monitored
and controlled. This phase also provides a measure to ensure that the project
deliverables meet the expectations of customers or clients.
This
phase is considered complete after the testing and approval of the project. The
main purpose of this phase is to
Q3. Explain the L-M
approach of SCBA.( a. Explain the L-M approach stating the basic features of
the approach b. State how to calculate the actual value of resources in this
approach) 5, 5
Ans:
Little-Mirrlees approach: L-M approach was
developed by I.M.D Little and J.A. Mirrlees, and is similar to the UNIDO
approach. The L-M approach is based on the assumption that the social
cost of using a resource is substantially different from the actual price
paid for that resource due to market imperfections. Therefore, in
Q4: Discuss the
financing of a power project.
(Elucidate which
are key project parties in a power project, Mention the key points of PPA(Power
Purchase Agreement),Discuss the 3-tier security payment mechanism )2,5,3
ANSWER:
Elucidate which
are key project parties in a power project:
Government: The government is a key project
party in an infrastructure project. It initiates the tendering process,
evaluates the tenders and grants sponsors the right to set up and operate the
Q5: What do you
understand by Procurement Planning? Discuss the various factors affecting
procurement planning. List out the tools and techniques used for procurement
planning.
(Discuss
Procurement Planning)
ANSWER:
Procurement planning is the
process of identifying the project requirements that can be acquired at the
best possible costs from external sources. It is required to decide:
The need
Q6: What is the
purpose of project evaluation? Which the four dimensions of the project explain
the purpose of project evaluation?
(Mention the purpose of project
evaluation.
Discuss
four dimensions of the project that explain the purpose of project evaluation. )
ANSWER:
The purpose of
project evaluation :
The
purpose of project evaluation is to measure the “success” of a project. Accordingly,
projects are evaluated on the basis of the indicators of success or failure
such as profitability, competency, efficiency and future prospect. The success
of a project has been defined by different researchers through some models. One
of such models was proposed by Shenhar et al. in 1997.
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