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SEM 4 PROJECT MANAGEMENT (PM) FALL 2013
PM0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT
1
Discuss PERT technique of project
planning.
A
Steps in the PERT Planning
Process
Benefits of PERT
Limitations of PERT
6
2
2
10
2
Explain the two criteria by which
scheduling can be finalised in relation with the resource deployment
A
(i) Resource Levelling
(ii) Resource Smoothing
10 ( 5 marks each)
10
3
Describe the time-series
forecasting of seasonal data.
A
Least Squares Forecasting with
Monthly or Quarterly Data
Exponential Model with Quarterly
Data
Exponential Growth with Quarterly
Data Forecasting Equation
Exponential Model with Monthly
Data
Exponential Growth with Monthly
Data Forecasting Equation
10( 2 marks each)
10
4
State the basic functionalities
of MS Project
A principal formats of entering
data/viewing charts, forms, and sheets The Input/output Model important
terminologies in MS Projects Starting MS Projects Components of MS Projects
Screen Views and Tables in MS Projects The Tracking Gantt View MS Project Menus
10 ( 1.25 marks each)
10
5
Describe the various elements of
entering and managing resources in MS Project
A
Adding Resources to the Resource
Sheet
Editing the Resource Information
Inserting and Deleting Resource
Assign Resources
Working with Resources on the Fly
Updating Resource Information on
the Fly
Viewing the Resources
The Resource Graph
Viewing Resource Usage
Review of Resource Usage
10 (1 mark each)
10
6
How to create a report on the
project activities in the MS Project
A
Setting Up of Reports
Process of Creating or Editing
Reports
Reports that can be printed
Check the Reports Available,
Print a Report
Reports by Report Type
PM0016 –PROJECT RISK
MANAGEMENT
1
Write a note on Process Maturity
Model.
A
Definition of Process maturity
model, why it is used
Levels
2
8
10
2
Explain the steps involved in
performing risk analysis
A
Identify threats
Estimate risk
Managing risk
Reviews
10 (2.5 marks each)
10
3
Evaluate the tools used to
monitor risks
A
Description of the tools
Analysis
Conclusion
6
3
1
10
4
Explain the six risk management
tools.
A Quality Control Tools.
Probability Techniques. Flow Charts. Fishbone Diagrams. PERT/CPM Techniques.
Project Insurance
10(approx. 1.67 marks each)
10
5
Assess how and why change fails
and analyse the reasons for resistance to change.
A
Reasons why change in
organization fails
Rank the reasons
Reasons for resistance to change
Handling resistance
10(2.5 marks each)
10
6
Analyse the event chain
methodology.
A
Description six major principles
Application of event chain
methodology
Analysis
Conclusion
4
3
2
1
10
PM0017 –PROJECT
QUALITY MANAGEMENT
1
Analyse project organisational
structure.
A Comparison of characteristics
of organisational structures. advantages and disadvantages of each influence of
organisational structure on project management operations Conclusion
4
3
2
1
10
2
Explain the Wheel of Quality
model.
A
Three elements of customer focus,
variation, and continuous improvement,
Essential elements of training
and leadership.
2.5
2.5
2.5
2.5
10
3
Analyse the project approaches
for capability development.
A
Explanation Quality assurance, Metrics
Quality assurance plan, Quality
audits
Uses/application
Conclusion
6
2
2
10
4
Explain Five Elements of the Six
Sigma Framework.
A
Top management commitment
Training scheme
Project team activities
Measurement system
Stakeholder
involvement
0.5
4.5
1
1
1
1
10
what do the 5 elements govern and
support
1
5
Analyse the stages of cost
reduction
Description of six quality costs
6
How can the costs be reduced
3
Conclusion
1
10
6
Explain the key elements in a
supply chain.
Production. Supply. Inventory. Location.
Transportation. Information
10
10
PM0018 –CONTRACTS
MANAGEMENT IN PROJECTS
1
Enumerate the characteristics and
legal issues of LSTK EPC Turnkey contracts
A
characteristics and legal issues
(description)
Design
Changes or variations
Schedule delay
Force majeure
Owner controlled activities
Analysis
Conclusion
7
2
1
10
2
Explain the steps that you should
follow while evaluating the bids document
A evaluate the bids as per
procedure given in the Instructions to Bidder (ITB) of the bid document. take
the assistance of a Technical Evaluation Committee (TEC) as per requirements of
the procuring organisation carry out initial examination preparation of a list
of responsive bidders bid costs steps arriving at the evaluated costs check
whether the lowest evaluated
10 ( 1.25 marks each)
10
responsive bidder, as selected
above, meets the specified minimum qualification criteria evaluation report
must be prepared
3
Explain the Plan Procurement
process with its inputs and the tools and techniques used
A
Inputs Scope baseline
Requirements documentation Teaming agreements: Risk register Risk-related
contract decisions Activity resource requirements Project schedule Activity
cost estimates Cost performance baseline Enterprise environmental factors
Organisational process assets
Tools and techniques Make-or-buy
decisions Expert judgement Contract types
6
4
10
4
Write a note on Request for Quote
(RFQ).
A
Explanation of RFQ
Information contained in RFQ
Why it is a important document
while purchasing goods and services
Need for RFQ
10
10
5
Explain the guidelines for
conducting a competitive negotiation
A four sequential phases some
questions that as a negotiator you can face
10 (2.5 marks each)
10
Rules of thumb for a competitive
negotiation: do’s and don’ts
6
Write a note on International
arbitration institutions.
A International Council for
Commercial Arbitration United Nations Commission on International Trade Law
International Centre for Settlement of Investment Disputes The American
Arbitration Association
10 (2.5 marks each)
10
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