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4
Time: 3-hour Max. Marks: 80

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4
52

58
N.B : (1) Question No. 1 is Compulsory.

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2
(2) Attempt any three questions out of the remaining five.

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(3) All questions carry equal marks.

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5
(4) Assume suitable data, if required, and state it clearly.

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5
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(5) Notations carry the usual meaning.

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5E
Q1. Answer the following (Any FOUR) [20M]

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a) What are the three basic goals of a project and how do project managers achieve

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CD

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8
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5
1
them in conditions of uncertainty?

8D
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9E
b) Why project manager’s role is more of a facilitator rather than a supervisor?

94
D

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27
C
c) Explain the work breakdown structure.

8D
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6
9

d) What is Goldratt’s critical chain method? 5

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e) Briefly describe the purchasing cycle.

2

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52

f) What are the four stages of team development and growth? 58

A5

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8D
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E9
Q2. (a) Swanson Industries has a potential project with an initial cost of Rs. 20,00,000.
D9

6A
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6
76

22

5E

9E
5
The capital budget allows to accept only one project. Using the NPV method, which
28

CD
95

18
94
59

58

A5
5

project should be selected? [10M]

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5
95

4
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61
9

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5
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Cash
6

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56

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CD

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74
Flows Project A Project B Project C Project D
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(Year)
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1 5,00,000 6,00,000 10,00,000 3,00,000

5

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EE

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2 5,00,000 6,00,000 8,00,000 5,00,000
6

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8
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3 5,00,000 6,00,000 6,00,000 7,00,000

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4 5,00,000 6,00,000 4,00,000 9,00,000

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5 5,00,000 6,00,000 2,00,000 11,00,000

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Discount
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6% 9% 15% 22%
9E

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Rate
D

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98

(b) What is the project life cycle? How is the cost of change, risk, and influence of
D5
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2
28

85
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59

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65

5
D
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stakeholders affected by Project time during the life cycle of the project? [10M]
98

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65

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D

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61

Q3. (a) What are the responsibilities of the project auditor? What is essential for a successful
85
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project Audit? [10M]

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Q3. (b) Explain probability and impact matrix. What are the risk response strategies for
76
9E
D5

28
86
5

5
58

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A5

65
61
EC

negative risks (threats) and positive risks (opportunities)? [10M]

8

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Paper / Subject Code: 53080 / Institute Optional Course-2: Project Management

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4
Q4. (a) Following are the manpower requirements for each activity in a project.

5
7

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Activity Normal Time Man Power Required

8
4
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0 -1 2 4

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1-2 3 3

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4
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3-5 4 3

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5

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3-6 3 4

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4-7 6 3

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i) Draw the project network diagram.

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ii) Rearrange the activity suitably to reduce the existing total manpower

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requirement. [10M]
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Q4. (b) Differentiate between the Functional, Pure Project, and Matrix organizations. [10M]

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5

Q5. (a) How communication is planned and managed in project management? [10M]
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Q5. (b) A consulting project has an actual cost of Rs. 45000, Scheduled cost of Rs. 35000, and
D
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the value of completed work is Rs. 31000. Find the Scheduled and Cost Variance. Also, find

85
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SPI and CPI. [5M]
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Q5. (c) State various project estimation and scheduling techniques. [5M]
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Q6. ( a) What is a scope creep? How does a formal change control system work in project
27

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5E

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management? [10M]
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Q6. (b) List and briefly describe the ways the project may be terminated. What are some non-
57

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27

technical reasons for project termination? [10M]

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Paper / Subject Code: 53180 / Institute Optional Course-2: Project Management

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(3 Hours) [Total Marks:80]

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52
N.B. 1) Question No. 1 is compulsory.

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5Y

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2) Attempt any three questions from the remaining questions.

25

25
4

14
2
1
YD

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3) Figures to right indicates full marks.

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97
4) Assume suitable data, if necessary.

25

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D

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Q1. Write short notes on the following (Any Four) 20

1
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5
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7
i. Triple constraints in Project Management 5Y

Y
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9

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B

25

B
4
ii. Project charter and Project sponsor
52

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iii. Project Management Information system

5

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iv. Goldratt's critical chain methods

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v. Project audits
25

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7

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Q.2 (a) Explain stages of team development and growth. What are the advantages of 10
25

14
2

2
1

1
YD

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effective team and barriers to team effectiveness?
X5

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5Y
(b) A project is composed of 8 activities, the time estimate for which are given 10
25

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DB
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below.
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Activity Predecessor Duration

B
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to tm tp
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A - 2 4 12 4
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B - 10 12 26

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C A 8 9 10
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E A 7 7.5 11
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F B, C 9 9 9
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5

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4

52
71

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Z Probability (P)
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0 0.5
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X

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25

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25

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14

14

52

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(i) Draw the network diagram.

B

25

DB

25
14

14
52

71
YD

(ii) Find the critical path and expected projected duration.

X5

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5Y
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B9

(iii) Calculate the standard deviation and variance of the project.

25

DB

14

14
2
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YD

(iv) What is the probability of completing the project on 30-week

X5

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97
5Y
B9

deadline?
DB

25

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14

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Q.3 (a) Explain work breakdown structure and Gantt chart with example. 10
14
52

52
71
D

(b) A project requires an initial investment of Rs. 200000 and it is expected to 05

5Y

Y
4X

4X
B9

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25

generate a cash flow of Rs. 10000 for 3 years. The target rate of return of the
52

71

71
YD

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X5

project is 12% per annum. Calculate the net present value of the project.
4X

B9

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25

5
4

(c) Explain non numeric project selection models. 05

52
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 71
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Paper / Subject Code: 53180 / Institute Optional Course-2: Project Management

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Q.4 (a) Explain top down and bottom-up budgeting. 05

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(b) What is the difference between resource loading and resource leveling? 05

25
14

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(c) Describe probability and impact matrix. Explain risk response strategies for 10

25

25
4

14
2
1
YD

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positive and negative risks.

25

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14

4
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D

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Q.5 (a) A project in its 20th week has an actual cost of Rs. 250,000. It was scheduled 05

1
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5

5
7

7
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to have spent Rs. 241,000. For the work performed to date, the budgeted

25

B
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52

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1

1
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value is Rs. 252,000. What are the cost and schedule variances for the
5

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5
4

14
52

52

52
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project? What are the SPI and CPI?

5Y
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B
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71
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(b) Describe Earned value management technique in Project Management. 5 05

5
7

5Y
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14
(c) Explain Project Procurement Management. What is the difference between 10
2

2
1

1
YD

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97

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5Y
contracting and outsourcing?
25

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DB
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14

4
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71
X5

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7

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Y

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14

14

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Q.6 (a) Explain multicultural and virtual projects. 05
5Y

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71
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(b) Why is ethics important in Project management? 05
X5

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4
(c) What is project termination? Explain different types of project terminations. 10
52

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52

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Paper / Subject Code: 53180 / Institute Optional Course-2: Project Management

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(3 Hours) [Total Marks:80]

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N.B. 1) Question No. 1 is compulsory.

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2) Attempt any three questions from the remaining questions.

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3) Figures to right indicates full marks.

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4) Assume suitable data, if necessary.

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Q1. Write short notes on the following (Any Four) 20

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i. Triple constraints in Project Management 5Y

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ii. Project charter and Project sponsor
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iii. Project Management Information system

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iv. Goldratt's critical chain methods

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v. Project audits
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Q.2 (a) Explain stages of team development and growth. What are the advantages of 10
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effective team and barriers to team effectiveness?
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(b) A project is composed of 8 activities, the time estimate for which are given 10
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Activity Predecessor Duration

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(i) Draw the network diagram.

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(ii) Find the critical path and expected projected duration.

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deadline?
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(b) A project requires an initial investment of Rs. 200000 and it is expected to 05

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generate a cash flow of Rs. 10000 for 3 years. The target rate of return of the
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project is 12% per annum. Calculate the net present value of the project.
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(c) Explain non numeric project selection models. 05

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positive and negative risks.

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Q.5 (a) A project in its 20th week has an actual cost of Rs. 250,000. It was scheduled 05

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to have spent Rs. 241,000. For the work performed to date, the budgeted

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project? What are the SPI and CPI?

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contracting and outsourcing?
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(c) What is project termination? Explain different types of project terminations. 10
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