Elective: Project Management (Part - 1)

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National Institute of Business Management
Chennai - 020

EMBA/ MBA

Elective: Project Management (Part - 1)
Attend any 4 questions.  Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)


Q. 1. Explain a work breakdown structure (WBS) in project management?

Answer: A Work Breakown Structure (WBS) is used for breaking down a project into easily manageable components, or bites. Here we'll break down the process for you, making it easy to use these structures in your project planning.

Company owners and project managers use the Work Breakdown Structure (WBS) to make complex projects more manageable. The WBS is designed to help break down a project into manageable chunks that can be effectively estimated and



Q. 2. Why do you think Project Management deserves to be treated as a discipline in its own right?Explain.

Answer:In today's world of ever more complex systems/projects, dependent systems, world impacts, scarce resources, the drive for reduced cost and higher efficiencies to reduce environmental impacts, failed projects due to mis-management, deliberately poorly defined requirements and the lack of properly prepared and trained people to manage these situations, it is essential that formal training, formal qualification and formal recognition is applied to the field of Project Management as soon as possible. For too




Q. 3. Explain the different approaches to managing Project activities.

Answer: Project management approaches enable organisations to accomplish projects efficiently, addressing both internal constraints and dynamic external situations in the interim. Project management enables organisations to prevent or remove internal project constraints and also adapt to unforeseen changes in project scope or goals. An organisation can, depending on its requirements, either adopt a standard




Q. 4. How does the paradigm of a project member affect his/her participation in the project?Explain.

Answer:Paradigms help us narrow down our research and navigate what we really need to research based on several theories of how do we investigate our research question(s). I think sometime that epistemology and ontology paradigms have larger view than other paradigms which I think control most early researches of the social sciences.A paradigm also carries a view of the role of any given science, discipline or profession in society. Further, it should prescribe (but does it always...?) that the researcher feel a responsibility for the social impact




Q. 5. If an institution intends to deliver a franchise course, developed in another country. Explain the steps the institution would take up to the point when it starts offering tutorials & the steps identified, what risks are there?

Answer:The mutually beneficial relationship that exists between franchisors and franchisees makes franchising unique in the world of business.  It provides entrepreneurs with an affordable means of accelerating expansion and achieving development goals more quickly than might otherwise be the case, and with far less risk.  Similarly, franchisees have a head start because of the support provided by the franchise system. Franchising means being




Q. 6. What is change Management? Explain.

Answer:Change management is a systematic approach to dealing with change both from the perspective of an organization and the individual. A somewhat ambiguous term, change management has at least three different aspects, including: adapting to change, controlling change, and effecting change. A proactive approach to dealing with change is at the core of all three aspects. For an organization, change management means defining and implementing procedures and/or technologies to deal with changes in the

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Send your semester & Specialization name to our mail id :
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or
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