PM0010 – INTERDUCTION TO PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE	FALL 2014
PROGRAM	MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE & NAME	PM 0010 – INTERDUCTION TO PROJECT MANAGEMENT
BK ID	B1936
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.

Q:1 Describe the principles of project management.

Answer : More specifically, what is a project? It’s a temporary group activity designed to produce a unique product, service or result.

A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources.

And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. So a project team often

Q:2  Define what is project scope. Describe the elements of project scope

ANSWER: Definition of project scope

Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines. he documentation of a project's scope, which is called a scope statement, terms of reference or

Q:3  Write short notes on:

ANSWER: Force field analysis

Force Field Analysis is a useful decision-making technique. It helps you make a decision by analyzing the forces for and against a change, and it helps you communicate the reasoning behind your decision.You can use it for two purposes: to decide

Product mix analysis

ANSWER:  When I first began studying operations research/management science techniques in the mid-1970s, a simple product mix optimization problem was the first example used in Hillier and Lieberman's best selling text "Operations Research" to illustrate the power of linear programming. The concept of product mix analysis is simple to

Financial feasibility of a project

The feasibility study is an evaluation and analysis of the potential of a proposed project which is based on extensive investigation and research to support the process of decision making.

Financial feasibility                                                                                                                         

In case of a new project, financial viability can be judged on the following parameters:

                                                                                                                                                

·         Total estimated cost of the project

Capital rationing

Capital rationing is a strategy used by organizations attempting to limit the costs of their own investments. Typically, a company engaging in capital rationing has made unsuccessful investments of capital in the recent past and would like to raise the return on those investments prior to engaging in new business. 

Why Ration Capital

Q:4  What are the sources of differences, for which social costs and benefits of project are estimated

ANSWER: Explain the rational of Social cost benefit analysis

Social Cost Benefits Analysis means to analyze the social cost and total social benefits if we accept any project. We all know that for completing the big project, we need big investment. In social cost benefit analysis (SCBA), we see whether return or benefits on this investment are more than its cost from point of view of society in which we are living.In public investment, we analyze and compare government expenditure with total benefits to society through SCBA.

Q:5  Explain the corporate governance practices in infrastructure projects.

ANSWER:  This article seeks to examine the specific issues and concerns pertaining to corporate governance in the infrastructure sector more generally, and in India in particular. It identifies three key relationships and issues therein. First, corporate governance framework defines the manner in which managers of infrastructure companies can be incentivized to demonstrate optimal performance so as to benefit shareholders and lenders. Second, the infrastructure sector in India is vulnerable to the ill-effects of related party transactions that put external or minority shareholders at a disadvantage compared to the insider shareholders or promoters

Q:6 Write short notes on:

ANSWER: Expert judgment (a tool used in procurement planning

 Expert judgment is an approach for soliciting informed opinions from individuals with particular expertise. This approach is used to obtain a rapid assessment of the state of knowledge about a particular aspect of climate change. It is frequently

Project audit

 The term "project audit" can be interpreted in different ways. Key is understanding the concerns of management in performing the audit. Are they most concerned about cost, schedule, scope or quality?

Is the audit of the project, the project management methods used

Statistical Quality Control (SQC)

Statistical process control (SPC) is a method of quality control which uses statistical methods. SPC is applied in order to monitor and control a process. Monitoring and controlling the process ensures that it operates at its full potential. At its full potential, the process

Project termination by extinction

Project termination is one of the most serious decisions a project management team and its control board have to take. It causes frustration for those stakeholders who sincerely believed - and in most cases still believe – that the project could produce the results they expected, or still expect. The project manager and his or her team members, very important

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Send your semester & Specialization name to our mail id :

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