ML0018 PROJECT MANAGEMENT IN RETAIL

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ASSIGNMENT

DRIVE	WINTER 2015
PROGRAM	MBADS – (SEM 3/SEM 5) / MBAFLEX / MBAN2 – (SEM 3)
SUBJECT CODE & NAME	ML0018  PROJECT MANAGEMENT IN RETAIL
SEMESTER	4
BK ID	B1844
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Explain Sensitivity Analysis and the ways in which it is carried out

Answer : The parameter values and assumptions of any model are subject to change and error. Sensitivity analysis (SA), broadly defined, is the investigation of these potential changes and errors and their impacts on conclusions to be drawn from the model. There is a very large literature on procedures and techniques for SA. This paper is a selective review and overview of theoretical and methodological issues in SA. There are many possible uses of SA, described here within the categories of decision support, communication, increased understanding or quantification of the system, and model development. The paper

2 Explain Detailed Project Report and Critical areas of concern for a successful retail store.

Answer : Detailed Project Report for a successful retail store

The dream of starting a retail business can easily become a reality. It may take a lot of initial work as you start your own business, but with the right planning anyone can achieve their goals. The following steps to starting a retail business should be used as a guide before you open a store.

1. Choose a Business Legal Structure

Choosing the proper legal organizational structure for your business is one of the most important decisions you will make. While it is possible to change your structure at a later date, it can be a difficult and expensive process. Therefore it's better to make the right decision before you start your own business.

3 Describe the steps involved in Network Planning Techniques

Answer : Network planning methodology: stages

This section describes the stages of analyzing a network.

The typical stages in a network analysis study are as follows:

Stage 1: Problem formulation

The first stage in a network planning study is to formulate the problem that you want to solve. This step provides direction for the rest of the study and speeds up every aspect of the project.

A problem formulation needs to clearly state the objectives and clearly outline any constraints. This usually requires the following information:

4 Every team member has a different attitude towards work which leads to chances of conflict”. Explain the treatments used to overcome the conflict in projects in retail.

Answer : Organizational conflict can be caused by the actual or perceived opposition of coworkers’ needs, values, and interests.

Common Causes of Conflict

Conflict is a pervasive feature common to all levels of social organization, including subsets of organizations such as teams and groups. Organizational conflict can be described as a state of discord between individuals or groups of individuals working together, and can be caused by a variety of factors stemming from the actual or

5 “New ideas are fuel to any organization process”. Explain the Judgmental process in the light of the above statement.

Answer : Organizational planning is the continuous process of systematically making plans with the greatest possible knowledge of the future; organizing the activities needed to carry out the plans; and monitoring the results of the plans through feedback.

Viewpoint A

The planning/budgeting entity should develop broad guidelines on how to build a budgeting system so you are alerted that organization changes take

6 Write short notes on:

a) Gantt Chart

Answer : A Gantt chart, commonly used in project management, is one of the most popular and useful ways of showing activities (tasks or events) displayed against time. On the left of the chart is a list of the activities and along the top is a suitable time scale. Each activity is represented by a bar; the position and length of the bar reflects the start date, duration and end date of the activity. This allows you to see at a glance:

b) Fishbone Diagrams

Answer : Also Called: Cause–and–Effect Diagram, Ishikawa Diagram

Variations: cause enumeration diagram, process fishbone, time–delay fishbone, CEDAC (cause–and–effect diagram with the addition of cards), desired–result fishbone, reverse fishbone diagram

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

                                                   Call us at : 08263069601        

(Prefer mailing. Call in emergency )