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DRIVE Summer 2017
PROGRAM MBA
SEMESTER II
SUBJECT CODE &
NAME MBA206 - PROJECT MANAGEMENT
Set 1
1 Explain Phases of Project Management Life Cycle in detail. What are
Project Management Principles?
Ans Project management is a rationally planned and organised effort to
attain a specific goal. It comprises of organising, coordinating and managing
different tasks and resources for successful
2 Write Short Notes on Project Planning & Work Breakdown Structure
(WBS).
Ans Project Planning
Project planning is a discipline for stating how to complete a project
within a certain timeframe, usually with defined stages, and with designated
resources. This process helps draw a blue print for execution with little or no
modifications. Project plans do not allow much deviation and are strictly
guided by defined parameters viz., time scale, categorical budgets, and
3 Answer the following questions:
1. Mention the steps involved in a competitive bid.
2. Mention the elements/points that must be kept in view when designing
, developing and operating a PMIS (Project Management Information System)
1. List the 5 steps involved in a competitive bid
2. List the 5 elements/points that must be kept in view when designing ,
developing and operating a PMIS
Answer: Competitive bid (bid and award)
The steps involved in competitive bid are discussed below:
1. The bid or tender is invited from a required number of suppliers.
2. The bid received in prescribed condition are accepted and held in
safe custody.
3. The bids are
Set 2
1 What is Value Engineering? Explain the process & Stages of Value
Engineering.
Ans Value engineering is the systematic application of recognised techniques
that identifies the function of a product, process or services, accomplishes a
monetary value of that
2 Write short notes on
1. Role of risk management in overall project management
2. Quality assurance
Answer: Role of Risk Management in Overall Project Management
Risk analysis and management is a process which enables the analysis and
management of the risks associated with a project. Properly undertaken, it will
increase the likelihood of
3 Explain Earned Value Method (EVM) in detail.
• Earned Value Method (EVM)
Answer:
The
concept of earned value management became a fundamental approach to program
management in 1966 when the United States Air Force mandated earned value in
conjunction with the other planning and controlling requirements on Air Force
programs. The requirement
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