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PROGRAM
Masters of
Business Administration - MBA
SEMESTER
III
SUBJECT
CODE & NAME
PM0011
Project
Planning & Scheduling
Qus:1 Define Project Organization structure. Differentiate
Pure project management
organization from matrix organization structure.
Project Organization structure 2
Pure project management organization 4
Matrix organization structure 4
Answer: The company should use the line and staff project
organization structure because in this structure the project activities are
assigned in accordance to a specific and supportive line of command. This helps
in keeping the control of the project in the hands of the management, which, in
turn,
Concession-Making 2
Contending 2
Compromising 2
Problem- Solving 2
Withdrawal/ inaction 2
Answer: Concession-making: It signifies alteration of a
proposal in such a manner that the proposal becomes more favourable to the
other party but less favourable to you. Note that concession-making can take
place as a result of power or influence used by the other party.
Contending: It indicates persuading the other party to change the
proposal in such a manner that the
Qus:3 What are project-planning tools? Explain them.
Project Planning Tools 2
Force-Field analysis 2
Cash Flow Forecast 2
Plus-Minus interesting 2
Cost/ Benefit Analysis 2
Answer: Project Planning Tools
As mentioned earlier, project
planning is one of the most important components of project management.
Therefore, in order to ensure proper planning of a project, a project manager
usually takes help of various tools and techniques. For example, in the process
of gardening, wemake use of various tools such as a spade, a garden fork, etc.
in order to have a welltended garden. Similarly, an
Qus:4 What is product development? Elaborate types of
product development Projects.
Define Product Development 2
New Product Platform 2
Derivatives of existing product platform 2
Incremental improvements to existing product 2
Fundamentally New product 2
Answer: Product development
Product development is the result of
effective idea generation. In the modern competitive market, the demand for a
product changes frequently due to changes in the fashion, tastes and
preferences of the
Qus:5 Write short-notes on:
1. CPM Model
2. PERT Model
CPM Model 5
PERT Model 5
Answer: CPM Model
Qus:6 What is Resource Scheduling? Elaborate the process of
resource scheduling.
Resource Scheduling 10
Answer:
A resource is any entity that
contributes towards the accomplishment of project activities. Resources can be
of two types, storable and non-storable. Storable resources such as raw
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PROGRAM
Masters of
Business Administration - MBA
SEMESTER
III
SUBJECT
CODE & NAME
PM0012
Project
Finance and Budgeting
Qus:1 Describe different types of project cost & factors
associated with estimation of project cost.
Capital Cost 3
Operating Cost 3
Maintenance Cost 4
Answer: The cost of the project is the money required to complete
the project. Cost estimation is very important for the
Qus:2 Explain the process of Creating Project Budget.
Creating Project Budget 10
Answer: Budgeting acts as a control mechanism where actual costs are
compared with and measured to the budget. A project budget should be according
to the company’s strategy and financial goals. These goals are
Qus:3 Detail Project Configuration Process of developing a common
framework for the construction projects.
Project configuration 10
Answer: Construction
projects are generally complex in nature, require a large amount of capital and
involve higher degree of risk. Project configuration is a process of developing
a common framework for the
Qus:4 Elaborate the factors that can have a negative impact
on the project cash flow.
Factors Affecting Project Cash Flows 10
Answer: There are many factors that may affect the cash flow of any
organisation. While planning for the funds required for a project, the project
manager should consider all factors that can affect the cash
Qus:5 Define various types of Project Risks
Types of Project Risks
Answer: Different types of risks can arise at different stages of a
project. These may be as follows:
External risks: These risks are generally outside
the control of the project manager and sometimes, the
Qus:6 What are the functions of Quantitative Risk Analysis?
Elaborate Monte Carlo Analysis.
Quantitative Risk Analysis 5
Monte Carlo Analysis 5
Answer: Quantitative Risk Analysis
Quantitative risk analysis is a
process of evaluating the impact of risks prioritised during qualitative risk
analysis. It involves the following functions:
Quantification of possible outcomes of the
project.
Determination of probability
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PROGRAM
Masters of
Business Administration - MBA
SEMESTER
III
SUBJECT C PM0013
Managing
Human Resources in Projects
CODE &
NAME
Qus:1 What do you understand from Project Scope &
Product Scope? Describe various elements in project scope.
Project Scope 2
Product Scope 2
Elements in Project Scope 6
Answer: The scope of a project is the capacity of a project and is
defined in terms of its objective, deliverables, milestones, technical requirements,
limits and exclusions and customer feedback. Based on the scope, the process is
identified, the responsibilities are assigned, and the resources are allocated.
From the perspective of project management, the scope of a project has
Qus:2 Elaborate various challenges in managing Human
Resources in a project.
challenges in managing Human Resources in a project 10
Answer: Frequent changes in socio-economic and political environment
lead to organisational changes and project challenges such as managing human
resources. Challenges make an organisation and its human resources ready to
sustain in a competitive business environment. Some of the major challenges in
managing the human resources in a project are:
Qus:3 Define Project Sponsor & Project Manager. List the
responsibilities laying with them.
Project Sponsor 1
Project Manager 1
Responsibilities of Project Sponsor 4
Responsibilities of Project Manager 4
Answer: Project
Sponsor
A project sponsor is responsible for
funding the project, locating the resources and recruiting the key personnel
Qus:4 Describe five stages of project team lifecycle.
Project team Development 10
Answer: The success of a project depends on the efficiency of the
project team and the problem-solving ability of individuals involved in a
project. Every project team goes through five stages of a project. These are
conception, definition, production, operations and closeout. As the project
Qus:5 Define various function areas of project manager.
Function areas of project manage 10
Answer: Let us discuss the functional areas of a project manager in
detail.
Planning: It is the basic functional area of a project manager. The
project manager makes a project plan that covers the
Qus:6 What do you understand by Conflict in Project team? Define
various techniques for conflict resolution.
Conflict in Project Team 2
Techniques for conflict resolution 8
Answer: Conflict is the difference between needs, values and
interests of individuals or teams in an organisation. It can be defined as a
friction which results in perceived or actual differences among individuals or
teams. For example, if you buy a mobile phone without a performance guarantee
card and it starts malfunctioning within a few days, the dealer may refuse return
the money or
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