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Project Management
September
2023 Examination
1. Consider a business
of a pharma / software / media company, anyone. In this context, explain
different Project Life Cycle (PLC) Models and give an example of project for
each model. Considering the business you selected, comment which model will
pose the most difficult challenge in terms of managing the project.
Ans:
Introduction:
In
a modern dynamic commercial enterprise environment, robust mission control is
critical for the fulfillment of any employer. A properly-defined project
lifestyles cycle (p.c) model provides a framework to guide the development of a
challenge from initiation to closure. Particular industries may hire diverse %
fashions primarily based on their unique necessities.
Concept &
Application:
In this context,
let us explore the pharma, software, and media industries and examine the %
fashions usually used. Moreover, we will
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2. A XYZ company is
launching the new project consist of designing and constructing an Airport and
other Infrastructure around it. Consider following details for the project.
Feasibility study
Estimating the cost – Material and Construction
Designing of Airport and other Infrastructure around
it.
Procuring the material
Construction and installation
Finishing work
Explain three types of
project organization structures and evaluate their applicability for this case.
Assume details where required. Suggest the best suitable structure for the
given project.
Ans:
Introduction:
Project company shape plays a critical role in the
successful execution of a challenge by defining roles, responsibilities, and
communique channels inside a project crew. It serves because of the framework
publications the coordination, choice-making, and duty techniques throughout
the mission lifecycle. The choice of venture organization structure depends on
the nature and complexity of the assignment, as well as the unique dreams and
requirements of the task. While designing and constructing an airport and its
surrounding infrastructure, it is critical to cautiously evaluate exceptional
undertaking enterprise structures to determine the
3. Answer the following
questions.
a. The project in a pharmacy
company was planned to be completed in 12 months. After the eight month a
review as called. It was found that Rs. 120000 was spent on the project for 48%
of project completion. The total project budget was Rs 240000. Calculate and
explain the schedule and cost performance index for this situation.
Ans :
We must understand the formulas and concepts behind these
indices to calculate the schedule performance index (SPI) and cost performance
index (CPI) for the given situation.
1. Schedule Performance Index (SPI):
The SPI measures the efficiency of the project in terms
of schedule. It indicates how well the project is progressing compared to the
planned program.
The
formula for SPI is:
SPI
= Earned Value (EV) / Planned Value (PV)
b. A XYZ company is
launching the new project consist of designing and constructing an Airport and
other Infrastructure around. Consider following details for the project.
a.
Feasibility
study
b.
Estimating
the cost – Material and Construction
c.
Designing
of Airport and other Infrastructure around.
d.
Procuring
the material
e.
Construction
and installation
f.
Finishing
work
List different cost
estimation methods. Explain any three methods which can be used in this
project. Suggest which one will be the best method for this project.
Ans:
Introduction:
The
XYZ Company is embarking on a new undertaking to design and construct an
airport and different infrastructure surrounding it. This venture involves
several essential tiers: feasibility observation, fee estimation, layout,
fabric procurement, creation, installation, and finishing work. To successfully
manage the project and make sure its fulfillment, correct cost estimation is of
extreme significance. This segment will explore exclusive value estimation
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