NMIMS Course: Project Management

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Project Management

Internal Assignment Applicable for December 2015 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 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.

·       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 theirassignments, 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 otherstudents is not allowed.

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

Answer:Negotiations can happen whenever in a venture, program or portfolio and might be formal or casual in nature. Formal Negotiations are commonly with suppliers on such issues as concurring contracts. Casual Negotiations incorporate dialogs to determine strife, or examinations to get interior assets. Negotiation abilities are utilized as a part of numerous zones of P3 administration, for example, refereeing, contract administration,

             

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

Answer:A Work Breakown Structure (WBS) is utilized for separating a venture into effectively sensible segments, or nibbles. Here we'll separate the procedure for you, making it simple to utilize these structures in your venture arranging.

Fundamentals of a Work Breakdown Structure

Question.3. All projects encounter some risk. New and unique projects have more unknowns andtherefore more risks. A project manager needs to use an appropriate level of detailin 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 productsdevelopment projects”, how are you going to do the risk planning to identifypotential problems that could cause trouble for your project?(5 Marks)

Answer:Project Risk identification proof is the most vital process in the Risk Management Planning. Risk Identification figures out which risks may influence the venture and records their qualities. We should not invest excessively energy in identification of risks. After the rundown is made, subjective and quantitative examination is done to make

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