Elective: Project Management (Part - 2)

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National Institute of Business Management
Chennai - 020

EMBA/ MBA

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




Q. 1. Explain the key challenges to implementing an effective Project Portfolio Management(PPM) process.

Answer:Project Portfolio Management (PPM) is the centralized management of processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals ― while honouring constraints imposed by customers, strategic objectives, or




Q. 2. Explain specific portfolio optimization methods implemented in PPM tools.

Answer:Project Portfolio Management (PPM) is a term used by project managers and project management (PM) organizations to describe methods for analyzing and collectively managing a group of current or proposed projects based on numerous key characteristics. The fundamental objective of the PPM process is to determine the optimal mix and sequencing of proposed projects to best achieve the organization's overall goals - typically expressed in terms of hard economic measures, business strategy goals, or technical





Q. 3. Why do you think it is important to give people the most important information first when you make a presentation?Explain.

Answer:The ultimate goal of each presentation should be to leave the audience enthusiastic. You wont be able to reach this goal with each presentation, but you should try. The following lines are intended as a primer. You should read it and decide consciously if you want to follow my suggestions or not. An outstanding presentation will not follow all points suggested here, but the presenter will know why he did decide against them. It should




Q. 4. What are the steps in a process improvement project?Explain.


Answer:The demand to improve your business continues to increase as expectations change, new technologies emerge and competition grows. An effective way to establish continual improvement within your organization is to conduct regular business process improvements (BPI). Business processes can be informal or formal and touch a variety of company functions: information technology, employee development and training, customer service satisfaction, etc. Regardless of the process you are trying to enhance, the improvement procedure follows a similar path. Today’s post will cover the four steps in the business process




Q. 5. What are the Common problems encountered due to recent changes in outsourcing being done by industry?Explain.

Answer: The economy has hit everyone hard. Many companies have had to pare back departments, employees, budgets... on nearly every level. And many companies have done something no one thought they would ever do -- jettison their IT departments in favor of outsourcing. On paper, it seems to make perfect sense. You have a company willing to handle your IT needs on an on-call basis. You're not paying staff to sit around and wait for problems, nor are you having to pay benefits or deal with the issues that come with having




Q. 6. Explain top – 10 leadership qualities of a Project Manager.

Answer: Over the past few years, the people at ESI International, a leader in project management training, have looked at what makes an effective project leader. They quizzed some highly-talented project leaders and compiled a running tally of their responses. Below are the top 10 qualities in rank order, according to their frequency listed.

·         Inspires a Shared Vision: An effective project leader is often described as having a vision of where to go and the ability to articulate it.


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