MB 0049 – PROJECT MANAGEMENT – Summer 2016
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DRIVE summer 2016
PROGRAM MBA
SEMESTER II
SUBJECT CODE & NAME MB 0049 – PROJECT MANAGEMENT
1 Write Short notes on:
- PERT model
- CPM model
Answer: PERT model
A PERT chart is a project management tool used to schedule, organize, and coordinate tasks within a project. PERT stands for Program Evaluation Review Technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. A similar
2 Explain Project Life Cycle in detail?
Project Life Cycle
Answer: The Project Life Cycle
A rational order of activities that are applied to attain the project’s goals or objectives is known as the project life cycle. Most projects experience similar stages on the path from origin to
3 Answer the following questions:
- Mention the steps involved in a competitive bid.
- Mention the elements/points that must be kept in view when designing , developing and operating a PMIS (Project Management Information System)
- List the 5 steps involved in a competitive bid
- 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:
4 Explain the purpose of Project Final Report. Discuss the major contents of the project’s final report.
- Purpose of the project final report
- Contents of project final report
Answer: The final Project Report (PR) should be written by the project manager himself. The PR should present project evolution, its success, its management, any outstanding and team
5 Write short notes on
- Role of risk management in overall project management
- 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
6 Explain Earned Value Method (EVM) in detail.
- Earned Value Method (EVM)
Answer: The Earned Value Method (EVM) is a useful tool that allows the calculations of cost and schedule performance measures including cost variance, schedule variance, cost and time over-runs for a
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