PM 0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	MBA
SEMESTER	IV
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.

Question. 1. Explain Business Value Models in detail.

Answer: The following business models in detail in the following section:

Balanced scorecard model

The balanced scorecard model defines four scoring areas for business value and was first published by Robert S. Kaplan and David P. Norton in an article, “The Balanced Scorecard – Measures that Drive Performance.”

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

Answer: Parametric estimating is an estimating technique that uses a statistical relationship between historical data and other variables, such as square footage in construction and lines of code in software development for calculating an estimate for activity parameters, such as scope, cost, budget, and duration. Parametric estimating can produce higher levels of accuracy depending upon the accuracy and sophistication of the underlying data.

Describe the 7 steps involved in the development of a parametric model

Question. 3. What is Capital Budgeting? What aspects of capital budgeting must be considered while selecting a project?

Answer: Capital budgeting, or investment appraisal, is the planning process used to determine whether an organization's long term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt,

Question. 4. Explain the concept and application of Earned Value. What is Time Centric Earned Value.

Answer: Current performance is the best indicator of future performance, and, therefore, using trend data, it is possible to forecast cost or schedule overruns at an early stage in a project. The most comprehensive trend analysis technique is the

Question. 5. Explain Benefit-Cost Ratio Analysis and Break-Even Analysis.

Answer: Break-even analysis, a subset of cost-volume-profit (CVP) analysis, is used by management to help understand the relationships between cost, sales volume and profit. This techniques focuses on how selling prices, sales volume, variable costs, fixed costs and the mix of product sold affects profit. Understanding some of the basic tenets of CVP analysis can help you analyze these factors in your business and make better business decisions.

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

Answer: House of Quality is a diagram, whose structure resembles that of a house, which aids in determining how a product is living up to customer needs. Although quite intricate, it is capable of storing a lot of information and comparing large amounts of data used for defining the relationship between customer desires and the firm/product capabilities. It is a part of the Quality Function Deployment (QFD) and utilizes a planning matrix

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Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

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