ML0018 PROJECT MANAGEMENT IN RETAIL

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ASSIGNMENT

DRIVE	SPRING 2014
PROGRAM	MBADS – (SEM 3/SEM 5) / MBAFLEX / MBAN2 – (SEM 3)
SUBJECT CODE & NAME	ML0018  PROJECT MANAGEMENT IN RETAIL
SEMESTER	4
BK ID	B1844
CREDITS	4
MARKS	60

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. Explain PERT and its advantages.

Answer:- The program (or project) evaluation and review technique, commonly abbreviated PERT, is a statistical tool, used in project management, which was designed to analyze and represent the tasks involved in completing a given project. First developed by the United States Navy in the 1950s, it is commonly used in conjunction with the critical path

Q.2. “Project ideas pass through a brainstorming process which requires a judgmental process. Explain this judgmental process in detail.

Answer:- Judgmental sampling is a non-probability sampling technique where the researcher selects units to be sampled based on their knowledge and professional judgment. This type of sampling technique is also known as purposive sampling and

Q.3 Describe the components for retail project formulation.

Answer: - Project formulation refers to the process of choosing the most appropriate course of action for the realization of organizational goals and objectives and thereby achieving the organizational vision. The process of strategy formulation basically involves six main steps. Though these steps do not follow a rigid chronological order, however they are very rational and can be easily followed in this order.

Setting Organizations’ objectives - The key component of any strategy statement is to set the long-term objectives of the organization. It is known that strategy is generally a medium for realization of organizational objectives. Objectives stress the state

Q.4 Elaborate the essential skills required for appraisal of the managerial team for a retail project.

Answer: - The principle of working together with your team should underpin how you operate. Managing people doesn't just mean acting as overseer, to see that they get their work done satisfactorily. It means involving people throughout the team in a creative role, to ensure that together you are all able to succeed.

Involving people on broad issues is motivational. Never underestimate people. Their views can enhance everything: methods, standards, processes and

Q.5 Explain the techniques for planning retail project activities.

Answer: - A Guide to Creating a Quality Project Schedule: - Successful projects start with a good quality project schedule. Creating a schedule is one of the first tasks you should do when given a project to manage. This article looks at a simple, practical approach to creating project schedules.

BOSCARD (Terms of Reference):- When looking to gain support and approval for your next project, it might be worth thinking BOSCARD. The acronym stands for background, objectives, scope, constraints, assumptions, risks and deliverables. These headings are commonly found in terms-of-reference and project initiation documents.

Q.6 Write short notes on:

a) Gantt Chart

b) Fishbone Diagrams

Answer: - a) Gantt chart: - A Gantt chart is a type of bar chart, developed by Henry Gantt in the 1910s, that illustrates a project schedule. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown

b) Fishbone Diagrams:- A fishbone diagram, also called a cause and effect diagram or Ishikawa diagram, is a visualization tool for categorizing the potential causes of a problem in order to identify its root causes. A fishbone diagram is useful in brainstorming sessions to focus conversation. After the group has brainstormed all the possible causes for a problem, the facilitator helps the group to rate the potential causes according to their level of importance and diagram

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )