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PROGRAM
Masters of
Business Administration - MBA
SEMESTER
III
SUBJECT
CODE & NAME
PM0011
Project
Planning & Scheduling
Qus:1 Describe hierarchy of
organizational objective. What are the various issues are involved while
setting organizational objectives.
Answer: In an organisation, objectives
follow a logical framework that is characterised by a hierarchy under
Qus:2 Define Project Scope
Management. Detailed the stages of Scope Management.
Answer: After discussing the management of
project management life cycle, let us now understand the concept of project
scope management. In the context of project management, the term ‘scope’
Qus:3 Write short-notes on:
1. Project Rating Index (PRI)
2. Sources of Positive Net Present
Value
Answer: 1. Project Rating Index
(PRI)
Proper screening of project ideas plays an important role in
ensuring the selection of the right project idea by an organisation. Once an
organisation completes the initial screening of project ideas, it should then
focus on evaluating the desirability of the shortlisted project ideas. For this
Qus:4 Describe Selection of Plant
Location Activity. Detail various factors affect the selection of plant.
Answer: Selection of a proper plant location
is closely related to the success of a project. A plant location is that area
where the project operations can be performed. But the most important question
facing an organisation is how to select a proper plant location? The answer to
this question depends on various factors such as demand of the product, size of
the market,
Qus:5 Write short-notes on:
1. Gantt Charts
3. Milestone Charts
Answer: Gantt charts and Milestone charts
are two basic tools that are used to monitor the progress of a project. Both of
them are closely related to each other. They assist a project manager in
tracking the duration of individual activities in a project. Let us discuss
them one by on
Qus:6 Detail 50/50 Rule, 20/80 Rule & 0/100 Rule of
Controlling Schedule.
Answer: 50/50 rule
During the execution of a project, reporting the amount of
work completed is not an easy task. People often tend to report that the amount
of work done is in proportion to the amount of time elapsed. For example, if
50% projected time of a project has elapsed; people assume that 50%
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