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DRIVE
Summer
2017
PROGRAM
Master
of Business Administration - MBA
SEMESTER
IV
SUBJECT
CODE & NAME
ML0018
Project
Management in Retail
Q.1: Explain in detail
Project Planning Process.
Detail explanation of
Project Planning Process.
Ans:
Detail explanation of
Project Planning Process:
The
project planning process involves a number of stages that we shall discuss
subsequently:
Identification and
Prioritization of Business Needs
The
first step
Q.2: What do you
understand by Resource Smoothing and Resource Levelling?
Network diagrams drawn
based on the work breakdown structure and the critical path identified on it
are based on ideal condition of abundance of resources.
ANS:
Network diagrams drawn
based on the work breakdown structure and the critical path identified on it
are based on ideal condition of abundance of resources:
Network diagrams drawn based on the work
breakdown structure and the critical path identified on it are based on
Q.3: What are the
different aspects of retail project execution?
Retail project
execution involves several people and teams with different skills, ability and
priorities, constant co-ordination and adjustment in planned activities,
conflict with routine operations of business because of overlapping retail
project organization structure and several such issues.
ANS:
Retail project
execution involves several people and teams with different skills, ability and
priorities, constant co-ordination and adjustment in planned activities,
conflict with routine operations of business because of overlapping retail
project organization structure and several such issues:
Retail project
execution is different from routine operations. Important characteristics of
retail project execution are listed as follows:
High Degree of
Interaction with Agencies: A retail project team's interface
with other agencies within the company and outside is very frequent. Rather,
the functioning of retail project team depends entirely on
Q.4: Write notes on the
Execution stage and Completion stage of retail project life cycle.
During the planning
stage subcontracts are given, teams and sub-teams are formed, team leaders are
appointed, coordination is established, documentations are designed and
reporting system is developed.
ANS:
During the planning
stage subcontracts are given, teams and sub-teams are formed, team leaders are
appointed, coordination is established, documentations are designed and
reporting system is developed:
Retail
project execution is a very active stage in retail project management. It
involves activities like actual construction of work-packages, action and
coordination and monitoring and control.
(i)
Q.5: What do you
understand by Retail Strategy? Discuss any 3 types of Growth Direction.
Retail strategy
comprises several important dimensions.
Explanation of 3 growth
direction
ANS:
Retail strategy
comprises several important dimensions:
• The retailer’s target
market mix.
• Retail format
• Sustainable
competitive advantage
Explanation
of 3 growth direction:
• The
Q.6: Write notes on:
Decision rules & Decision-Tree Approach.
Decision rules are of
various types.
ANS:
Decision
rules are of various types:
Four
different decision rules are discussed in this section. They include:
(i)
E-
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