Saturday 21 April 2018

smu MBA 3rd sem PM assignment Winter 2017 (April/may 2018 exam)


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DRIVE
Winter 2017
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



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

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

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 project.

Project sponsors:

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 for


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

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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,

Qus:2 Elaborate various negotiation strategies.
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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