Course: Project Management

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Project Management

Internal Assignment Applicable for June 2017 Examination

Assignment Marks: 30

Instructions:

·       All Questions carry equal marks.

·       All Questions are compulsory

·       All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.

·       All answers to be written individually. Discussion and group work is not advisable.

·       Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.

·       Students should write the assignment in their own words. Copying of assignments from other students is not allowed.

Question. 1. Assume that your company is planning to construct a chemical factory in Navi Mumbai. Who are the key stakeholders? Why stakeholder analysis is important as a precondition of the decision whether or not to follow through with such a plan? As a Project manager how are going to negotiate with different stakeholders in the project? (10 Marks)

Answer: Chemical factory construction requires several considerations and there is a lot of planning requirement as well. This is the task that should be done with proper plan on your hand and that is only possible if everything is done properly. In this aspect, stakeholder analysis is also necessary because they give the authority to the plan and being a project manager, it is your task to see the best way to get best plan authority from stakeholders.

Reply: Negotiations can happen at whatever point in a venture, program or portfolio and may be formal or easygoing in nature. Formal Negotiations are normally with providers on such issues as agreeing contracts. Easygoing Negotiations consolidate discoursed to decide strife, or examinations to get inside resources. Arrangement capacities are used as a piece of various zones of P3 organization, for instance, refereeing, contract organization, necessities organization and accomplice organization.

             

Question. 2. Construct a WBS (Work break-down structure) for a project in which you plan an event in your office/organization. (10 Marks)

Answer: Work Breakown Structure (WBS) is used for isolating a venture into viably sensible sections, or snack. Here we'll isolate the system for you, making it easy to use these structures in your venture masterminding.

The basics of a Work Breakdown Structure Company proprietors and venture bosses use the Work Breakdown Structure (WBS) to make complex errands more sensible. The WBS is planned to help isolate a venture into sensible knots that can be

Question. 3. All projects encounter some risk. New and unique projects have more unknowns and therefore more risks. A project manager needs to use an appropriate level of detail in risk planning enough to plan for all major and minor risks.

a) Assume yourself to be a project manager of a company involved in “new products development projects”, how are you going to do the risk planning to identify potential problems that could cause trouble for your project? (5 Marks)

Answer: Project Risk distinguishing proof verification is the most fundamental process in the Risk Management Planning. Hazard Identification makes sense of which dangers may impact the venture and records their qualities. We ought not put too much vitality in distinguishing proof of dangers. After the summary is made, subjective and quantitative examination is done to comprehend which dangers you contribute vitality and also money on.

As communicated in [PMBOK], there are some

b) What all methods will you use to assess the identified risks? (5 Marks)

Answer: Indeed, even the most purposely masterminded venture can continue running into a burden. Notwithstanding how well you orchestrate, your venture can essentially encounter startling issues. Associates turn out to be sick or halted, resources that you were depending upon wind up being out of reach, even the atmosphere can daze you (e.g., a snowstorm). So does that infer that you're exposed against cloud issues? No! You can use risk needing to perceive potential issues that could realize the burden for your venture, separate that they are so subject to happen, make a move to keep the dangers you can avoid, and constrain the

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