PM0010 – INTRODUCTION TO PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2015
PROGRAM	MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE & NAME	PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT
BK ID	B1936
CREDITS& MARKS	4 CREDITS & 60 MARKS

Note –Please provide keywords, short answer, specific terms, specific examples and marks break - up (wherever necessary)

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 notes on:

a) Project charter:In project management, a project charter, project definition, or project statement is a statement of the scope, objectives, and participants in a project. It provides a preliminary delineation of

b)Management by objectives in project management:Management known as management by results (MBR), is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization in order to achieve them. The term "

c) Project Management life cycle: Project management is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems. A project is a temporary endeavor designed to produce a unique product, service or result

d) Contingency plan: A contingency plan is a plan devised for an outcome other than in the usual (expected) plan. It is often used for risk management when an exceptional risk that, though unlikely, would have catastrophic

Q. 2. Explain the steps in project selection

Answer:The responsibility is with the leadership team of the organization. Typically, they establish a steering committee that overlooks the process of selecting projects, including project monitoring, and directly reporting to the CEO – if the CEO is

Q. 3. Explain the UNIDO approach of SCBA(Social Cost Benefit Analysis).

Explain the 5 stages of UNIDO approach

Answer:The UNIDO guidelines provide a comprehensive framework for appraisal of projects and examine their desirability and merit by using different yardsticks in a step-wise manner.The desirability is examined from various angles, such as the impact on

a)      Financialprofitability of utilization of domestic resources,

b)      Savings and consumption pattern,

c)       Income distribution, and

d)       

e)       

Q. 4. What is contract administration? What are the inputs, tools and techniques used in contract administration to derive the outputs?

Answer:Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. The personnel involved in Contract Administration required to negotiate, support and manage effective contracts are expensive to train and retain. Contract management includes negotiating the

Q. 5. Answer the following questions:

1. Which are the sources of financing infrastructure projects?

Answer: There are broadly two major sources of financing for infrastructure projects: public finance and private finance. The governments both at the central and provincial levels have been the major source of funding for infrastructure projects in developing countries like India. Plans for investment to various infrastructure sectors are undertaken by the governments through formal planning exercise wherein allocation of budget is done. The budgetary allocation is influenced to a great extent on the emphasis by the government to accelerate or promote growth in certain sectors which are categorized as high p

2. What are the steps involved in designing a monitoring system to identify deviations in the overall performance of the project.

Answer: Steps involved in designing a monitoring system:

The establishment or improvement of systems for data collection require careful planning to ensure that the implementation proceeds in comprehensive, cost-effective and timely ways. This involves a range of tasks that can be encompassed within a project cycle framework from identification and analysis of needs, through project formulation

Q. 6. What the activities involved in project termination process?

Explain the

Answer:Termination of a project is inevitable, but how it is terminated and when may have a profound and long lasting impact on the organization and its employees. The success of future projects may depend on not only the success of past ones, but also on how unsuccessful projects were treated by the organization and its stakeholders. Firms have the option of initiating a variety of entrepreneurial projects with varying degrees of

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