PM0011 – PROJECT PLANNING AND SCHEDULING

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DRIVE	FALL 2014
PROGRAM	MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE & NAME	PM 0011 – PROJECT PLANNING AND SCHEDULING
BK ID	B1937
CREDITS	4
MARKS	60

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ASSIGNMENT

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  Write short note on

Answer

a) Scope planning -Scope Planning is the process which generates the Project Scope Management Plan. And this Project Scope Management Plan (which itself naturally is part of the project management plan) "[...] documents how the project scope will be defined, verified, controlled, and how the work break down structure (WBS) will be created and defined

·         Part of the Planning Process

·          

·          

b) Three point estimation tool used in project planning-The three-point estimation technique is used in management and information systems applications for the construction of an approximate probability distribution representing the outcome of future events, based on very limited information. In three-point estimation, three figures are produced

 c) Pure project management organization-A "pure project organization" is a model of a business where project managers have total control over the project they oversee. Central control at the managerial level must be weak for this to occur. Put simply, a "pure project organization" might also be termed a "task force." In the case of a "pure

 d) Negotiation strategies used in a project - Negotiation is a process involving two or more people with conflicting positions. These people attempt to reach an agreement by modifying their original positions. Usually, it requires bargaining in order to reach an acceptable arrangement. There are three main types of negotiation used in the everyday business of an

Q:2 Explain the need of project planning and scheduling in managing any project. Discuss the elements of a project plan.

Answer

Project planning and scheduling- Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment. Initially, the project scope is defined and the appropriate methods for completing the project are determined. Following this step, the durations for the various tasks necessary to complete the work are listed and grouped into a work

Q:3 Write short notes on :

Answer

Milestone charts -Milestone Chart is a Project Control Chart that graphically depicts key events along a timescale, usually with triangles representing each event. It can depict a single event or a culmination of events. It can mark specific points in the project where checks can be made to see if the project is on time and where it should be. The best place to locate milestones is at the completion of a major activity. Within the framework of project management, a milestone is an event that receives special attention. It is often put at the end of a stage to mark the

Q:4  Explain the factors that affect market feasibility.

 Answer

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.

Common factors- The acronym TELOS refers to the five areas of feasibility - Technical, Economic, Legal, Operational, and Scheduling.

Q:5 What do you understand by cost of quality? Elaborate on various types of costs of quality associated with a project. 

Answer-

Cost of quality- The “cost of quality” isn’t the price of creating a quality product or service. It’s the cost of NOT creating a quality product or service. Every time work is redone, the cost of quality increases. Obvious examples include:

·         The reworking of a manufactured item.

·         The retesting of an assembly.

·         .

Q:6 What  is fast tracking? Describe the steps to be performed in fast tracking.

Answer

Fast tracking-  Fast tracking means that you look at activities that are normally done in sequence and assign them instead partially in parallel. For instance, normally you would not start constructing a solution until the design was completed. However, if you were fast-tracking, you would start constructing the solution in areas where you felt the design was pretty solid without waiting for the entire design to be completed. Fast-tracking always involves risk that could lead to increased cost and some rework later. For instance, in the

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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