MB0049 - PROJECT MANAGEMENT

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DRIVE- FALL 2014

PROGRAM

MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2

SEMESTER

II

SUBJECT CODE & NAME

MB0049 - PROJECT MANAGEMENT

Qus:1  Describe the CPM model.

·         Explain the main focus of CPM and how is it different from PERT

·         List the assumptions of CPM

·         Explain the procedure of CPM analysis

Answer:

Explain the main focus of CPM and how is it different from PERT:

For projects considered uncertain, the PERT model was developed and for projects which are comparatively risk-free the CPM model was developed. Both the approaches start with the development of the network and a focal point on the critical path. Tthe PERT approach is 'probabilistic' while the CPM approach is 'deterministic'. This does not, however, mean that in

Qus:2 Write short notes on: ·         The Shewhart Cycle ·         Project procurement process ·         Role of Risk Management in Overall Project Management ·         Design of PMIS(Project Management Information System) Answer:          The Shewhart Cycle: PDCA (plan–do–check–act) is an iterative four-step management method used by the companies to control and continually improve their processes and products. PDCA is also referred to as the Deming circle/cycle/wheel, Shewhart cycle, control circle/cycle, or plan–do– study–act (PDSA). Figure below depicts the Shewhart cycle.

Qus:3 As an investor, how will you choose the projects to invest in?

·         List the cash flow techniques you will use

·         Explain any four commonly used methods in brief- list the criteria for choosing a project in each method

Answer:

      List the cash flow techniques you will use:

 If there are many alternative projects, all of which, at first sight, appear to be more or less equal in profit earning capacity, the investor should make a comparative study of the return on the different alternative proposals before choosing one. Such financial analysis broadly falls under

Qus:4 Write a note on Earned Value Method (EVM).

·         EVM explanation ·         Parameters to calculate performance measures ·         Plot of BCWS versus time ·         Plots BCWS, ACWP, and BCWP for a typical project Answer:     EVM explanation: The Earned Value Method (EVM) is a useful tool that allows the calculations of cost and schedule performance measures including cost variance, schedule variance, cost and time over-runs for a project.

Qus:5 Discuss the various methods of conflict resolution.

•           List and explain the methods of conflict resolution and with examples

•           Argue if one method suits all situations or if project managers need to need to use different methods to resolve conflicts.

Answer:

 List and explain the methods of conflict resolution and with examples:

Conflict in the workplace is common. Conflicts occur when different people have different goals and needs; when one party thinks that the other party has done something to block the completion of their goals. There are many methods of conflict resolution. Generally, there are

Qus:6 Answer the following questions:

a. What are the advantages of using PM software package?

b. What are the types of project performance evaluation techniques?

•           List and briefly explain the key advantages of using project management software.

•           List and explain types of project performance evaluation techniques

Answer:

     List and briefly explain the key advantages of using project management software:

 The following are the key advantages of using project management software:

·         Speed, effort, and accuracy: For a large project, manually carrying out activities like drawing a network, carrying out time analysis, reporting project progress, generation of various types of reports, updating network, and maintaining records is quite time and effo

Dear students get fully solved  SMU MBA Fall 2014 assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

 (Prefer mailing. Call in emergency )