MB0049 - PROJECT MANAGEMENT

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ASSIGNMENT

DRIVE	SUMMER 2015
PROGRAM	MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER	II
SUBJECT CODE & NAME	MB 0049 - PROJECT MANAGEMENT
BK ID	B1632
CREDITS&MARKS	4 CREDITS , 60 MARKS

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. Explain the various phases of the project management life cycle.

Answer:You could be a manager fresh out of the box or one that has been in the trenches for years. No matter. Understanding the project management life cycle is invaluable for successfully guiding your project from its initial stages to completion.

The Five Steps in the PM Life Cycle

Q. 2. List the steps involved in each process of project planning.

Answer:Seven steps to successful project planning:

1. Every project needs a roadmap with clearly defined goals that should not change after the first phase of the project has been completed. All stakeholders benefiting from the outcome of the project should be named and their needs stated.

2. Develop a list of all deliverables,

Q. 3. Write short notes on the following cost estimating tools and techniques:

a. Analogous estimating:  

Analogous estimating uses a similar past project to estimate the duration or cost of your current project, thus the root of the word: analogy.

b. Bottom-up estimating:

Bottom-up estimating is a project management technique in which the people who are going to do the work participate in the estimating process. That’s typically the project team members and they work with you, the project manager, to develop estimating data at the lowest level in the work breakdown structure (WBS).

c. Parametric estimating:

Parametric estimating, a more accurate technique for estimating cost and duration, uses the relationship between variables to calculate the cost or duration.

·         Essentially, a

d. Reserve analysis:

Reserve Analysis is a technique involving review of the project management plan to ascertain the risks which mandate a reserve for mitigation and accordingly estimate the reserve.

In terms of the project management scope of work and work flow, the concept of reserve analysis actually refers

Q. 4. Summarize quality control for project quality management.

Answer: Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer. QC is similar to, but not identical with, quality assurance (QA).

Q. 5. What is purchase cycle? Explain the key steps involved in the purchase cycle of a project.

Answer:Management in any company must understand the art of obtaining products and services. The procurement cycle follows specific steps for identifying a requirement or need of the company through the final step of the award of the

Q. 6. Explain the various elements of project control.

Answer:A key feature of good project management is achieving a balance between too much and too little project control. At one extreme an "over-control" of projects can result in too much bureaucracy and a lack of delegation, and at the other extreme an "under-control" can result in  misunderstandings and lack of delivery. Its a matter of achieving an appropriate balance.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

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