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PM 0015 — QUANTITATIVE METHODS IN PROJECT MANAGEMENT

Dear Students,

SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420  or S M S your “ Email ID ” us in the following Format  “  On +91 9995105420 we will reach back you with in 24H ”

 

MASTER OF BUSINESS ADMINISTRATION (MBA) – PROJECT MANAGEMENT

SEMESTER 4

PM 0015 — QUANTITATIVE METHODS IN PROJECT MANAGEMENT

 

Q1. Write short notes on:

  • Scoring Method for project selection
  • Rules for network construction
  • Project crashing using network analysis
  • Graphical Evaluation & Review Technique

[Scoring Method for project selection Rules for network construction Project crashing using network analysis Graphical Evaluation & Review Technique]

Answer.

Scoring Method for project selection

The main reason behind the development scoring methods was to overcome some of the disadvantages of the simple financial profitability methods, especially their focus on a single criterion. The simple scoring approach,

 

Q2. Describe the importance of Business Forecasting.

[Need for forecasting with examples, Two common approaches to forecasting]

Answer.

Need for forecasting with examples

Because of the variation of the economic and business conditions over time, managers must find ways to keep abreast of the effects that such changes will have on their organizations. One technique which is very much useful in planning for the future needs is the forecasting. Although numerous forecasting methods have been devised, they all have one common goal — to make predictions of the future events so that the projections can then be

 

Q3. Describe the different stages in Project management.

[Explanation of the different stages in Project management]

Answer.

Stages in Project management

The process of project management is divided into specific stages which can be defined as follows: –

 

 

Q4. Write short notes on:

  • Time-series
  • Forecasting of Seasonal
  • Data Setting resource calendar in MS Project
  • Network diagram chart
  • Cost Performance Index

[Time-series Forecasting of Seasonal Data Setting resource calendar in MS Project Network diagram chart Cost Performance Index]

Answer.

Time-series Forecasting of Seasonal

Numerous time series are collected quarterly or monthly, and others are obtained weekly, daily and

even hourly. In particular, when a time-series is collected quarterly or monthly, the impact of seasonal effects must be considered. In this section, the regression model building is used to forecast with monthly or quarterly

 

Q5. How to create a report on the project activities in the MS Project.

[Explain how to set up of Reports, Explain the process of Creating or Editing Reports, Describe the reports that can be printed, List the steps of Printing a Report]

Answer.

Set up of Reports

MS Project has a number of pre-defined reports based on six principal types which can be used directly, changed as required. Alternatively, completely new reports can be created. The system is picture driven and simple to use. Access is from the View, Reports command. A dialog box appears in which the following type of report can be

 

Q6. Discuss the algorithm for solving the shortest-route problem.

[Description of shortest-route problems, description of the 5 steps of the algorithm]

 

Answer.

Algorithm for Shortest-route problems

A shortest-route problem involves a connected network having a nonnegative cost associated with each branch. One node is designated as the source, and the other node is designated as the sink.

The following algorithm is to be used to solve the Shortest-route problems —

 

Dear Students,

SMU MBA Summer 2014 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420  or S M S your “ Email ID ” us in the following Format  “  On +91 9995105420 we will reach back you with in 24H ”

 

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