MB 0049 - PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING DRIVE 2015
PROGRAM	MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER	II
SUBJECT CODE & NAME	MB 0049 - PROJECT MANAGEMENT
BK ID	B1632
CREDITS AND MARKS	4 CREDITS, 60 MARKS

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q. 1. Write Short notes on:

1. PERT model: CPM uses a fixed time estimate for each project activity. While easy to understand and use, it does not take account of the time variations that can impact on the completion time of a complex project.

2. CPM model:Cost per mille (CPM), also called cost ‰ and cost per thousand (CPT) (in Latin mille means thousand), is a commonly used measurement in advertising........................

Q. 2. Define project type organization and discuss in detail.

Answer:The Project Organization defines the human infrastructure of the project. This task is designed to define the project organization chart, the roles, and the relationships of the project team. The organizational structure clearly identifies roles and responsibilities of each position,..............

Q. 3. Answer the following questions:

1. Mention the steps involved in a competitive bid.

2. Mention the elements/points that must be kept in view when designing , developing and operating a PMIS (Project Management Information System)

Answer: 1. If you run a small business, you might engage in the bidding process regularly. Whether you are the one accepting the bids or you have to bid on jobs, the basic steps are typically the same. Completing the bidding process in the proper manner could be the difference between getting a bid or looking for work.

Specifications: The first step in the bidding process deals with coming up with the specifications for the job.

Answer: 2. Accomplishing any task, particularly one involving multiple volunteers scattered around the country or world, is always easier when standards are in place. A strong advocate of standardization and project management,

Initiate. The initiation process authorizes the overall project or the next phase of a project. In this phase.............................

Q. 4. Discuss the major contents of the project’s final report

Explain the purpose of the project final report

 List suggested content of project final report

 Explain each content and what it should contain

Answer: The final project report is the last thing to do during the project closure. The main purpose of the final project report is to make an assessment of the project from the organization's perspective (e.g. an internal assessment) by answering the following questions:

·         Was the project successful? Can we consider the project a success according to our success criteria?

•        Introduction....................................

Q. 5. Write short notes on

1. Role of risk management in overall project management: Effective risk management strategies allow you to identify your project’s strengths, weaknesses, opportunities and threats.

Plans: Risk management plans contribute to project success by establishing a list of internal and external risks.

2. Quality assurance:Quality Assurance (QA) is a way of preventing mistakes or defects in manufactured products and avoiding problems when delivering solutions or services to customers; which ISO 9000 defines as "....................................

Q. 6. What are the common features of project management software?

Answer:Project management software has the capacity to help plan, organize, and manage resource pools and develop resource estimates. Depending on the sophistication of the software,

Common features of project management software

When it comes to choosing project management software, there are many things to consider. Not all the projects may utilize all…….:

1 – Collaboration: The project management software should facilitate the team collaboration. This means that the relevant stakeholders of the project should be able to access and update the project documents whenever they want to..............................

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