Project managment (pm) solved assignments summer 2015
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The document outlines assignment topics for MBA students in contract management, quality management, risk management, and quantitative methods in project management. It includes questions about essential elements of contracts, procurement processes, contract management features, project quality management plans, risk analysis, and customer need analysis using the Kano model. The document emphasizes the importance of properly managing project processes, contracts, and quality to ensure successful project outcomes.
Project managment (pm) solved assignments summer 2015
- 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : [email protected] or call us at : 08263069601 PM 0018 –CONTRACTS MANAGEMENT IN PROJECTS BK ID - B2014 CREDIT AND MARKS - 4 CREDITS AND 60 MARKS Q1. Explain the essential elements of a project contract. (Discuss the TEN essential elements of a project contract) 10 Answer: Essential elements of project contract: We have studied that a contract is an agreement enforceable bylaw.Tobe enforceablebylaw,anagreementmustpossessthe essential elements of valid contract. These elements of a valid contract are discussed as follows: Proposal (offer) and Q2. Explainthe stepsinvolvedinthe contract closure process. (Explain the EIGHT steps involved in the contract closure process) 10 Answer: Contract Closure: Contract closure refers to a process of accomplishing all the tasks as per the terms and conditions mentioned in the contract. The steps involved in the contract closure process are given below: 1. Collecting contract documentation: In order to close a contract successfully, it is important to collect all the relevant documents for review. This may include collecting all the documents regarding the Q3. What is an outsourcing contract? What is its key content? (Explain what is an outsourcing contract, Describe its key contents) 2, 8 Answer: Outsourcing Contracts: Outsourcing a contract implies a process in which one party contracts work to another party. First, the outsourcer accepts the tasks given by the organisation. Then, the contract is and involves key contents such as scope, conditions, deliverables, etc. Organisationsoftenface the dilemma of whether to buy resources/services from outside or create them within
- 2. Q4. Discuss the process of procurement. (List the SIX steps of the procurement process, Explain the SIX steps of the procurement process) 1, 9 Answer: Process of Procurement: The procurement process includes the activities of procuring goodsor services,paying the bills,andclosingthe procurement contracts. The steps involved in the procurement Q5. What is contract management? Describe its important features. (Define contract management, List and briefly explain the important features of a good management contract) 1, 9 Answer: Contract Management: Contract management refers to the management of contracts by negotiating the terms and conditions of the contract and ensuring compliance. It implies systematically managing the contract creation and maximizing the operational and financial performance of contracts. An increase in the use of contracts in organizations requires growing recognitionforimprovingcontractual processes;thus proper management of contracts is essential. Q6. Write short notes on: 10 · Software development agreements · Bill of quantities method of pricing project contracts · Reasons for why an organization uses standard form of contract · Post bid review Answer: Software Development Agreements Software and IT projects involve software testing, software development and software Dear students get fully solved assignments Send your semester & Specialization name to our mail id : [email protected] or call us at : 08263069601 SUMMER 2015 PROGRAM MBADS (SEM 4/SEM 6)
- 3. MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2) SUBJECT CODE & NAME PM 0017 –PROJECT QUALITY MANAGEMENT Qus:1 Cost of quality is the amalgamation of several management costs. Which are these costs? · Give the classification of Cost of Quality and explain each cost in brief Answer: Give the classification of Cost of Quality and explain each cost in brief: “Quality is free and it costs visibly less to get a job done right the first time”. Rework on the same project levies additional costs. Cost of quality is not the cost of producing a quality product or rendering quality Qus:2 What is Project Quality Management Plan (PQMP)? Mention its objectives and the areas it covers. · Define PQMP · List the objectives of PQMP · Explain the areas PQMP covers Answer: Define PQMP: The Project Quality Management Plan (PQMP) is the final output of the project quality planning process. It should clearly identify the quality standards and quality objectives related to project deliverables. It Qus:3 List a few characteristics of a mature project quality control process. What are the functions of quality control? · Write any 7 characteristics of a mature project quality control process · List and describe the 3 key functions of quality control Answer: Write any 7 characteristics of a mature project quality control process: A mature project quality control process of an organisation can be recognised through multiple characteristics, which include: · Quality
- 4. Qus:4 Explain the seven steps of Basili’s GQM process. · List the seven steps of Basili’s GQM process. · Describe the seven steps of Basili’s GQM process. Answer: List the seven steps of Basili’s GQM process: · Develop a set of goals · Develop a set Qus:5 Explain the various tools that can be used for analysing project processes. · List the various tools that can be used for analysing project processes · Describe the various tools that can be used for analysing project processes Answer: List the various tools that can be used for analysing project processes: Qus:6 What major human factors affect project quality? · List the major human factors affect project quality · Describe the major human factors affect project quality Answer: List the major human factors affect project quality: · Shareholders · Management and employees: · Customers · Suppliers and distributers Dear students get fully solved assignments Send your semester & Specialization name to our mail id : [email protected] or call us at : 08263069601 SUMMER 2015 PROGRAM MBADS (SEM 4/SEM 6)
- 5. MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2) SUBJECT CODE & NAME PM 0016 –PROJECT RISK MANAGEMENT Qus:1 Explain the types of project risks. · List and describe the types of project risks Answer: List and describe the types of project risks: Various types of project risks are defined on the basis of the aspect or area of the overall project management that gets impacted. Some important types of project risks are depicted in Fig. Qus:2 What are the four quadrants of the risk probability and impact matrix? · List and explain with suitable examples the four quadrants of the risk probability and impact matrix Answer: List and explain with suitable examples the four quadrants of the risk probability and impact Qus:3 What are the outputs of a qualitative risk analysis? What are the key inputs used in risk planning? · List and describe the outputs of a qualitative risk analysis · List and describe the key inputs used in risk planning Answer: List and describe the outputs of a qualitative risk analysis: A qualitative risk analysis leads to the following outputs: · Overall “qualitative” ranking of risks · List of Qus:4 What are the sources of schedule risk? · List and explain the sources of schedule risk along with the description of their sub categories Answer: List and explain the sources of schedule risk along with the description of their sub categories · Delays · Dependencies · Estimates
- 6. Delay : · Decision: Timely decisions are important in project execution during approvals, Qus:5 What are the different tools used for analysing project constraints? How does SWOT analysis help in project management? · List and explain the different tools used for analysing project constraints · Explain how SWOT analysis help in project management by using a suitable example Answer: List and explain the different tools used for analysing project constraints: The analysis of constraints and assumptions helps not only in project planning and execution but also in identifying the potential risks if the assumptions go wrong. The commonly used tools for identifying Qus:6 Explain project review. · Explain the purpose of project review · Describe Scheduling project review · Mention the objectives of project review · Describe how the review is conducted Answer: Explain the purpose of project review: Projectreviewsofferaplatformforthe projectmanagersandstakeholderstocome toa same forum and review the Dear students get fully solved assignments Send your semester & Specialization name to our mail id : [email protected] or call us at : 08263069601 SUMMER 2015 PROGRAM MBADS (SEM 4/SEM 6)
- 7. MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2) SUBJECT CODE & NAME PM 0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT Qus:1 Explain how Kano model is used by companies to analyse customer needs. · Explain how the Kano model is different from the balanced scorecard model and Treacy- Wiersema model · Describe how the model analyses customer needs based on customer requirements · Describe the different categories of customer preferences in the Kano model Answer: Explainhow the Kano model is differentfromthe balancedscorecard model and Treacy-Wiersema model: Balanced scorecard model: The balancedscorecardmodel definesfourscoringareas for business value and was first published by Robert S. Qus:2 a. Explain the concept of expected value. b. Suppose project A and B are under construction. The possible profit outcomes of project A are USD 1000 (0.4 probability) and USD 300 (0.6 probability). Project B has profit outcomes of USD 900 (0.6 probability) and 200 (0.4 probability). Calculate the expected values of profit to be generated by the two projects. a. Elucidate the concept of expected value b. Calculation of expected value Answer: a. Elucidate the concept of expected value: The concept of expectedvalue revolvesaroundrandomvariables.Theserandomvariables also have averagesbutare notcalculatedbysimplyaddingupthe differentvariables.The average of arandom Qus:3 Write short notes on : · Project scoping process · Resource assignment matrix Answer: Project scoping process: The project scoping process is the first step in the project development process. This process is undertakentodeterminewhatthe projectshouldentail andwhatpotential impacts exist. Similar to every process,
- 8. Qus:4 Explain the various expense items in a project. · List the various expense items in a project · Describe each expense with suitable examples Answer: List the various Qus:5 What are the major steps in time management process? What is rolling wave planning? · Explain the 5 major steps in time management process · Explain rolling wave planning Answer: Explain the 5 major steps in time management process: Following are the major steps involved in the time management process: 1. Activity definition: This involves decomposition of work package into tasks/activities to deliver the work package deliverable. Qus:6 What are the steps that should be followed to construct a “house of quality”? · Explain the 5 steps that should be followed to construct a house of quality Answer: Explain the 5 steps that should be followed to construct a house of quality: The following steps need to be followed to construct a house of quality: · Step-1 Voice of the customer: This step includes determining and identifying the customer’s needs.The mainobjectiveof this step is to translate the needs of every customer into engineering specifications. Customers buy products that have the desired characteristics, and Dear students get fully solved assignments Send your semester & Specialization name to our mail id : [email protected] or call us at : 08263069601