Saturday, 30 May 2015

PM0018 –CONTRACTS MANAGEMENT IN PROJECTS

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ASSIGNMENT

DRIVE
SPRING 2015
PROGRAM
MBADS (SEM 4/SEM 6)MBAFLEX/ MBA (SEM 4)PGDPMN (SEM 2)
SUBJECT CODE & NAME
PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS
BK ID
B2014
CREDITS AND MARKS
4 CREDITS AND 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. Explain the importance of project parties in project completion.
Discuss the importance of the project parties in terms of their functions

Answer:Political parties are not exactly the darlings of public opinion. Just like politicians, parties usually get a bad rap: parties only want power, they abuse government and look after themselves rather than the public good. Sounds familiar?The public perception of parties in young or established democracies doesn’t differ that much either.




Q. 2. What is bidding? Describe the bidding process from the buyer’s perspective

Answer:Bidding is an offer (often competitive) of setting a price one is willing to pay for something or a demand that something be done.A price offer is called a bid. The term may be used in context of auctions, stock exchange, card games, or real estate. Bidding is used by various economic niche for determining the demand and hence the value of the article or property, in today's world of advance technology, Internet is one of the most favourite platforms for providing bidding facilities, it is the most natural way of determining the price of a



Q. 3. Explain the structure of a contract.

Answer:There are no hard and fast rules about forming a commercial agreement. It may be oral or written, or a combination of the 2. However, it's always best to put down what you've both agreed in writing.

It's important for the contractual terms to be clear and understandable, and to accurately reflect what you've both agreed. If there is a dispute between you in the future, a court may have to interpret your contract.
Typical elements of the contract




Q. 4. Explain Co-operative Benchmarking Process (COBAP)

Answer:The majority of benchmarking applications actually practiced in the market are made by the initiation of direct competitors or through the companies recognised as industry leaders. In this type of benchmarking, usually, the firms do not intend to share their knowledge. The proposed study is rather interested in building a mutually cooperative approach among partners. Collaborators have to share and exchange their skills and knowledge, which require an infrastructure to facilitate their relationships.Benchmarking is a process that




Q. 5. Explain any 5 ways that contracts may be terminated or discharged.

Answer:A contract is a legal document that binds at least two parties to one another. A contract requires one or both parties meet obligations detailed in the contract before it is completed. In some instances, contract termination can occur that will make the contract void of legal binding. Only the parties involved in the agreement may terminate a contract.

Impossibility of Performance: A contract typically



Q. 6. What are the different contract forms of PPP (Public Private Partnership).

Answer:A public–private partnership (PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3. PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project. In some types of PPP, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer. In other types (notably


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PM0017 –PROJECT QUALITY MANAGEMENT

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ASSIGNMENT

DRIVE
SPRING 2015
PROGRAM
MBADS (SEM 4/SEM 6)MBAFLEX/ MBA (SEM 4)PGDPMN (SEM 2)
SUBJECT CODE & NAME
PM 0017 –PROJECT QUALITY MANAGEMENT
BK ID
B2013
CREDITS AND MARKS
4 CREDITS AND 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. What is the need for quality management? Explain the significance of customer focus in quality management.

Answer:A quality management system (QMS) is a collection of business processes focused on achieving quality policy and quality objectives to meet customer requirements.[citation needed] It is expressed as the organizational structure, policies, procedures, processes and resources needed to implement quality management. A proper QMS,


Q. 2. Explain the major project management standards and frameworks.

Answer:Project management is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of



Q. 3. What are the benefits of quality metrics? Explain the 3 categories of quality metrics.

Answer:As consumers, payers, and regulatory agencies require evidence regarding health care qualities the demand for process of care measures will grow. Although outcome measures of quality represent the desired end results of health care, validated process of care measures provide an important additional element to quality improvement efforts, as they illuminate exactly which provider actions could be changed to improve patient outcomes.



Q. 4. Discuss the major barriers to project quality improvement.

Answer:TQM is management philosophy that seeks to integrate all organizational functions (marketing, finance, design, engineering, production, customer etc) to focus on meeting customer needs and organizational objectives.TQM views an organization as a collection of processes. It maintains that organizations must always strive to continuously improve these processes by incorporating the knowledge and experiences of workers.

8 major barriers to project quality improvement



Q. 5. What is SIPOC (Suppliers, Inputs, Process, Outputs, and Customers)? Which 3 factors should you focus on developing SIPOC? Explain.

Answer:In process improvement, a SIPOC (sometimes COPIS) is a tool that summarizes the inputs and outputs of one or more processes in table form. The acronym SIPOC stands for suppliers, inputs, process, outputs, and customers which form the columns of the table. It was in use at least as early as the Total Quality Management programs of the late 1980s[a] and continues to be used today in Six Sigma, Lean manufacturing, and business



Q. 6. Write short notes on the following problem solving methodologies:

Brainstorming: Brainstorming is a group or individual creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its member(s). The term was popularized by Alex Faickney Osborn in the 1953 book Applied Imagination. Osborn claimed that brainstorming was more effective than individuals working alone in generating ideas, although more recent research has questioned this conclusion. Today, the term is used as a catch all for all group ideation sessions.


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PM0016 –PROJECT RISK MANAGEMENT

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ASSIGNMENT

DRIVE
SPRING 2015
PROGRAM
MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2)
SUBJECT CODE & NAME
PM 0016 –PROJECT RISK MANAGEMENT
BK ID
B2012
CREDITS AND MARKS
4 CREDITS AND 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. What are the different risk categories? What is Risk Breakdown Structure (RBS)?

Answer:The risks faced by an organisation should be categorised in relation to what the organisation does. There are a number of commonly used categories which help to group risks according to the various aspects of the organisation and its activities which you need to consider.

Explain the 4 different risk categories:



Q. 2. What is Risk Opportunity and Management System (ROMS)? What are its benefits?

Answer:ROMS is based on 20 years of research and current best practice across a range of high risk industry sectors including construction, mining, security, nuclear power, defence, social and economic infrastructure, ports, health, emergency management, asset management etc. ROMS is designed to provide a consistent, systematic and integrated approach to risk and opportunity management across your entire business.




Q. 3. List the mitigation strategies/ideas for scope risks, schedule risks and resource.

Answer:Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deviate the endeavor from the business goals.






Q. 4. What are the sources of resource risks?

Answer:For medical devices, risk management is a process for identifying, evaluating and mitigating risks associated with harm to people and damage to property or the environment. Risk management is an integral part of medical device design and development, production processes and evaluation of field experience, and is applicable to all types of medical devices. The evidence of its application is required by most regulatory bodies such as FDA. The management of risks for medical devices is described by the International Organization for




Q. 5. What are different types of scope risks?

Answer:While scope risks represented roughly one-third of the data in the Project Experience Risk Information Library (PERIL) database, they account for close to half of the total impact. The two broad categories of scope risk in PERIL relate to changes and to defects. By far the most damage was due to poorly managed change, but all scope risks represent significant exposure in typical high-tech projects. While some of the risk situations,



Q. 6. Explain the three point estimates used in quantitative risk analysis.

Answer:The three-point estimation technique is used in management and information systems applications for the construction of an approximate probability distribution representing the outcome of future events, based on very limited information. While the distribution used for the approximation might be a normal distribution, this is not always so and, for example a triangular distribution might be used, depending on the application.

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PM0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE
SPRING 2015
PROGRAM
MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2)
SUBJECT CODE & NAME
PM 0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT
BK ID
B2011
CREDITS AND MARKS
4 CREDITS AND 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:

a. Tracy-wiersema model:

The Treacy&Wiersema Value-Discipline Model was first published in the ground-breaking Harvard Business Review article “Customer Intimacy and Other Value Disciplines,”  (c. 1993) and was expanded in a book, “The Discipline of Market Leaders” in 1995. The Value-Discipline Model is a strategic tool that helps enterprises establish what they want their customers to value them for.


b. Central limit theorem:

In probability theory, the central limit theorem (CLT) states that, given certain conditions, the arithmetic mean of a sufficiently large number of iterates of independent random variables, each with a well-defined expected value and well-defined variance, will be approximately normally distributed, regardless of the underlying distribution. That is, suppose that a sample is obtained containing a large number of observations, each observation being randomly generated in a way that does not depend on the




Q. 2. What is parametric estimating? Explain the steps involved in the development of a parametric model.

Answer:An estimating technique that uses a statistical relationship between historical data and other variables (for example, square footage in construction, lines of code in software development) to calculate an estimate for activity parameters, such as scope, cost, budget, and duration. This technique can produce higher levels of



Q. 3. 1. What aspects of capital budgeting must be considered while selecting a project?

2. Suppose an investment requires an initial outlay of $5 million and has expected the cash flow of $1 million, $3.5 million, and $2 million for the first three years.

a. Calculate:
The net present value using a 10% required rate of return
Profitability Index using a 10% required rate of return

b. Also suggest if the project must be accepted.

Q. 1. Capital budgeting, or investment appraisal, is the planning process used to determine whether an organization's long term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt, equity or retained earnings). It is the process of allocating resources for major




Q. 2. A.The importance of NPV becomes clear in this instance. Although the incoming cash flows (10,000 x 12 = 120,000) appear to exceed the outgoing cash flow (100,000), the future cash flows are not adjusted using the discount rate. Thus, the project appears misleadingly profitable. When the cash flows are discounted however, it indicates the project would result in a net loss of 31,863.08. Thus, the NPV calculation indicates that this project should be disregarded because investing in this project is the equivalent of a loss of 31,863.08 at t = 0. The concept of time value of money indicates that cash flows in



Q. 2. B.
NPV is an indicator of how much value an investment or project adds to the firm. With a particular project, if R_t is a positive value, the project is in the status of positive cash inflow in the time of t. If R_t is a negative value,




Q. 4. Explain the various expense items in a project.

Answer:At some point in your organization, your plan for your future will include a look at your income and expenses. You may find jotting a budget easy. Others prefer never to have to look at the budget  part of their activities and rely on their fiscal department or someone else to take care of all “that money stuff.” If you are one of the




Q. 5. What are the major steps in time management process? What is rolling wave planning?

Answer:Time Management is actually quite simple to understand. It’s also easy to do. The key, as for every technique I recommend in The Lifelong Activist, is to take things slow and easy, and to aim for only a small amount of positive change at a time. That way, the process itself remains unthreatening, and so you’ll be less likely to abandon it.




Q. 6. What are the steps that should be followed to construct a “house of quality”?

Answer:The House of Quality (HOQ) is the first matrix that a product development team uses to initiate a Quality Function Deployment (QFD) process. This matrix is especially powerful because of the amount of information that can be documented and analyzed.  QFD methodology requires that the team ask specific questions about customer needs, competitors, and how their organization will meet the challenges of providing products that delight

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OM0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT

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ASSIGNMENT

DRIVE
SPRING 2015
PROGRAM
MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDOMN (SEM 1)
SUBJECT CODE & NAME
OM 0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT
BK ID
B1935
CREDITS& 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. Answer the following questions:
Q. 1. 1. Determine the standard production per shift for 8 working hours using the following data.
Observed time per unit =10 minutes
Rating factor =110%
Allowances =15% of basic time

Answer:Shift work is an employment practice designed to make use of, or provide service across, all 24 hours of the clock each day of the week (abbreviated as 24/7). The practice typically sees the day divided into "shifts", set periods of time during which different groups of workers perform their duties. The term "shift work" includes both long-term night shifts and work schedules in which employees change or rotate shifts. In medicine and epidemiology, shift work is considered a risk factor for some health



Q. 1.2. What is production selection? Which factors are considered while selecting a product?

Answer:A Product Selection Committee (Committee) was formed in August 1977, and the original membership included five members representing the management staffs of the Engineering and Operations Divisions. The purpose of the committee was to "review existing standards and specifications, review new products and materials for consideration in the utility system, and to test new products and equipment as is necessary."The makeup and mission of the Committee remain essentially the same today. There are currently six




Q. 2. Write short notes on

1. Scheduling for services: Scheduling Services - a unit of Planning Budget & Analysis - coordinates the use of space for both university and non-university users. Please call or email our office for any questions involving scheduling:

·         Classrooms & Facilities
·         Recreation Facilities
·          
·          


2. Current trends in industrial location: Indeed, mid-market firms now rank as the nation’s leading job creator, employing more than 60 percent of all new workers. Moreover, mid-sized companies have achieved a remarkable run of accelerating revenue growth for four consecutive quarters (fourth quarter 2013 through third quarter 2014). Several key trends promise to affect mid-market




3. Lead capacity strategy: A lead capacity strategy (lead demand strategy) is a proactive approach which adds or subtracts capacity in expectation of future market demand. Lead strategy is an aggressive strategy with the objective of improving the service level and decreasing leadtime. Lead strategy is directed at lowering stockout costs. A large capacity does not necessarily mean high



4. Level production strategy:Different companies plan and schedule manufacturing production using different strategies.Some companies make goods only after receiving a customer’s order while others make goods and distribute them to retailers where customers buy at their discretion. A company’s strategy



Q. 3. What are inputs to MRP (Material Requirements Planning)?

Answer:Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, while it is possible to conduct MRP by hand as well.

An MRP system is intended to simultaneously meet three objectives:





Q. 4. Write short notes on:

1. Stores management: A professionally managed Stores has a process and a space within, to receive the incoming materials (Receiving Bay), keep them for as long as they are not required for use (Custody)




2. Safety stock: Safety stock (also called buffer stock) is a term used by logisticians to describe a level of extra stock that is maintained to mitigate risk of stockouts (shortfall in raw material or packaging) due to uncertainties in supply and demand. Adequate safety stock levels permit business operations to proceed according to their plans. Safety stock is held when there is uncertainty in demand, supply, or manufacturing yield; it





Q. 5. Answer the following questions:

1. What are the barriers to implementation of total quality management?

Answer:TQM is management philosophy that seeks to integrate all organizational functions (marketing, finance, design, engineering, production, customer etc) to focus on meeting customer needs and organizational objectives. TQM views an organization as a collection of processes. It maintains that organizations must




2. Give the steps to follow when implementing six sigma in an organisation.

Answer:For any organization, the first step in a Lean Six Sigma deployment is deciding to use the methodology. Once the leadership of an organization believes they can benefit from using Lean Six Sigma, they can follow eight steps – from creating a burning platform for adopting the approach to recognizing team member contributions – to complete the rollout.

Step 1: Create a Burning Platform: Organizations must have a compelling reason for implementing Lean Six Sigma.




Q. 6. What are the elements of JIT? Explain.

Answer:JIT or just in time is a concept that each one of us practices unknowingly throughout our waking hours. One gets up in the morning just in time to complete the various actions that constitute the beginning of the day. Whether it is making that cup of coffee, going down to the gym, or even watering your garden, most of us have fixed schedules with tasks that need to be completed before moving on to the next item or beginning our day.


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OM0012 – SUPPLY CHAIN MANAGEMENT


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ASSIGNMENT

DRIVE
SPRING 2015
PROGRAM
MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) /
PGDFMN – (SEM 2)
SUBJECT CODE & NAME
OM0012 – SUPPLY CHAIN MANAGEMENT
SEMESTER
3
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.

1 Write short notes on:
Intermodal transportation
Answer : Intermodal transportation. The movements of passengers or freight from one mode of transport to another, commonly taking place at a terminal specifically designed for such a purpose. In North America, the term intermodal is also used to refer to containerized rail transportation.

Intermodal transportation network. A logistically



Capacitated plant location model
Answer : The capacitated plant location problem with customer and supplier matching can be modeled as a mixed integer linear program, where the product distribution from plants to customers and the material supply from suppliers to plants are considered together. In order to save allocation cost, distribution trip and a supply trip is


Bulk shipments Purchasing strategies
Answer : It’s difficult to talk about procurement planning without mentioning procurement strategy, because procurement strategy is developed in conjunction with and during the procurement planning phase and is a key factor in determining the most appropriate procurement method given the complexity and monetary value of the requirement


2 Discuss the steps involved in the measurement of supplier performance.
Answer : The Supplier Development and Scorecard process at Measurement Specialties helps to ensure that the sourcing organizations can identify, qualify, monitor, and reward its supplier base. The main components to this program are:
Ø  Assess and Qualify
Ø  Measure and Scorecard


3 Write short notes on:
Ø  Lead time reduction
Answer : The most effective way for businesses to reduce stock is by reducing the supply lead time. Lead time can be defined as the time it takes from when you first determine a need for a product until it arrives on your doorstep. If lead time was zero, inventory could be zero.
In a perfect world, imagine how simple business would be with a lead time of zero and orders being filled


Cross docking
Answer : Cross docking is a distribution system where items received at the warehouse are not received into stock, but are prepared for shipment to another location or for retail stores. Cross docking can realize a cost reduction by skipping putaway and retrieval steps.

The term cross docking refers to moving product from a manufacturing plant and delivers it directly to the

Distributor integration

Answer : To effectively monitor the distribution business, integrated Distribution Software has been developed as a helping hand to the business community. This distributor integrated with eCommerce software is so versatile that it guarantees the trader hassle-free eCommerce. The robust software has integration of all distribution including assembly segment, wholesale and


e-sourcing
Answer : E-Sourcing is a faster, more transparent and fairer way of facilitating tenders and conducting negotiations. Founded on a web-based platform, e-sourcing ensures smooth and clear communication, and is a more profitable business tool for both the suppliers as well as the A.P. Moller-Maersk Group.



4 What are the issues faced in global supply chain?

Answer : Supply chain leaders must invest in developing their team’s skills to meet growing expectations about how procurement can support the business.

The five issues cited by The Chief Supply Chain Officer Report 2013 were:

·         The need to continue to reduce costs
·          
5 What is standardisation? Explain the four approaches to standardisation?
A Explanation of standardization
Description of the approaches to standardization
 Answer : As a business owner, a key component to your business plan is likely how to promote your product. It's important to create an efficient, results-driven marketing and advertising strategy, especially if your product will be sold internationally. If this is the case, you may consider using a global standardization of marketing to sell your product, gain a larger customer base and increase sales and profits.

Global standardization refers to the process of designing and developing things in line with a set of pre-agreed international standard. The global standard

6 Discuss the impacts of e-commerce on SCM.

Answer : A production supply chain refers to the flow of physical goods and associated information from the source to the consumer. Key supply chain activities include production planning, purchasing, materials management, distribution, customer service, and sales forecasting. These processes are critical to the success of any operation whether they’re manufacturers, wholesalers, or service providers.

E-commerce impacts supply chain management in a variety of key ways. These include:

Cost efficiency:


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Send your semester & Specialization name to our mail id :

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(Prefer mailing. Call in emergency )