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PROGRAM
Masters of
Business Administration - MBA
SEMESTER
IV
SUBJECT
CODE & NAME
PM0015
Quantitative
Methods in Project Management
Qus:1 Discuss the concept of Project
Balanced Sheet.
Answer: All businesses require a balance
sheet to be created regularly. Let us discuss a simple balance sheet from the
financial accounting perspective.
In simple words, balance sheet is a graphical or tabular way
to show a numerical relation, y = a + b.
These three variables are
Qus:2 Detail the application of
Expected Value and Average in project management.
Answer: In statistics, an average is
defined as the number that measures the central tendency of a given set of
numbers. There are a number of different measures of averages, including mean,
median, and
Qus:3 What do
you understand by Conditional probability? Describe in detail.
Answer: In dealing with probabilities, you will often need to
determine the chances of two or more events occurring either at the same time
or in succession. For instance, you might be asked to find the probability of
getting a traffic ticket if you speed in a school zone. Here, there are
Qus:4 Write a detail note on
Regression Analysis.
Answer: Regression analysis is a statistical
tool for investigating relationships between variables. One of the fundamental
applications of regression analysis is to determine how much an independent
variable affects a dependent variable. A strong relationship between two
variables, such as process modification and defective rates, helps in making
better predictions about
Qus:5 Write
short notes on Top-down approach and Similar-to approach of Project
Estimations.
Answer: Top-down approach
Top-down techniques generate confident estimates. They are
also referred to as analogous estimations. The top-down technique estimates
large, highlevel chunks of work, often at the functional level. This is more of
a “ball park” estimate and is used to provide an early perspective into the
amount of potential project work. As work is further broken down and detailed,
different estimating techniques are used and the estimation varies drastically
from the initial top-down estim
Qus:6 Elaborate
various Capital Budgeting Techniques.
Answer: There are numerous capital budgeting
techniques for analysing the profitability of projects. These techniques
consider TVM (Time Value of Money) for determining the actual profitability of
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