Project Management - KSOU

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NAME ………………………………..

BATCH……………………………….

ENTROLLMENT NO. ………….

Project Management

Each assignment carries 25 marks

Answer any 2 questions from the following :

Q1 ) ( A ) How can risks be prioritized in a project management ? Give any suitable example.

Answer:Risk impact assessment is the process of assessing the probabilities and consequences of risk events if they are realized. The results of this assessment are then used to prioritize risks to establish a most-to-least-critical importance ranking. Ranking risks in terms of their criticality or importance provides insights to the project's management on where resources may be needed to manage or mitigate the realization of high probability/high consequence

Q1 ) ( B ) Critically examine stages of project feasibility study.

Answer:Feasibility study: -an assessment of proposed project. assessment (evaluation and analysis) Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to carry through, and ultimately the prospects for success. In its simplest terms, the

Q2 ) “ A good team-work speeds up project implementation. Developing self directed project teams is the key to improving effectiveness in project management.” Comment with some examples.

Answer: The complexity and dynamic nature of the business environment and developments in technologies and markets pose pressure and challenges for organisations. This report seeks to explore the manner in which self-directed teams can be successfully implemented in Kodak. It also includes a review of current literature on rationale behind the increased usage of self-

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