PM0012 – PROJECT FINANCE AND BUDGETING

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DRIVE SUMMER 2014
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE & NAME PM 0012 – PROJECT FINANCE AND BUDGETING
BK ID B1939
CREDITS 4
MARKS 60

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ASSIGNMENT

 

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

  1. Write short notes on:
  • Human Resource Cycle
  • Role of a project manager
  • Productivity measurement method of manpower estimation
  • Managing Conflicts in a project

(Human Resource Cycle Role of a project manager Productivity measurement method of manpower estimation Managing Conflicts in a project)10 (2.5 marks each)

 

Answer: Human Resource Cycle

The employee life cycle is a concept in human resources management that describes the stages of an employee’s time with a

 

 

 

Role of a project manager

The project manager’s role in a nutshell, is the overall responsibility for the successful planning, execution, monitoring, control and closure of a project. The project management role is arguably the most challenging of roles within the project team. As the project progresses through its various life cycle stages, project manager’s must

 

 

Productivity measurement method of manpower estimation

Manpower Estimates depend on only two factors:-

1. Market Rate –  very directly available on market analysis / survey

2. Productivity Rate –  available in

Managing Conflicts in a project

Conflict in project management is inevitable. The potential for conflict in information systems development projects is usually high because it involves individuals from different backgrounds and orientations working together to complete a complex task. The cause of conflict in team projects can be related to

 

  1. What is the need for building a team during any project?

(Define team building and its significance, Discuss the various reasons for building a project team)2, 8( 2 marks for each reason)

 

Answer: A project team is a group that works together to execute the tasks necessary to meet customer requirements. Before a project team meets for the first time, before they start “forming, storming, norming, or performing,” or maybe even before they know they will be working together, the project manager begins laying the foundation for effective teamwork. Good team dynamics start with an effective project manager. As the owner and leader of your company, it is up to you to define the nature of your team

 

  1. Write short notes on:
  • Qualities of a project leader
  • Dealing with Poor Performers in a Project Team
  • Minority groups
  • Health issues of project team members

(Qualities of a project leader Dealing with Poor Performers in a Project Team Minority groups Health issues of project team members)10 (2.5 marks each)

 

Answer: Qualities of a project leader

  • Inspires a Shared Vision: An effective project leader is often described as having a vision of where to go and the ability to articulate it. Visionaries thrive on change and being able to draw new boundaries.
  • Good Communicator:The ability to communicate with people at all levels is almost always named as the second

 

Dealing with Poor Performers in a Project Team

Are individual members of your team performing less well than you’d hoped? If so, this proverb can take on great significance. To figure out what’s causing the performance issue, you have to get to the root of the problem.

  • Diagnosing Poor Performance:
  • Enhancing Ability

 

Minority groups

Sociologist Louis Wirth (1945) defined a minority group as “any group of people who, because of their physical or cultural characteristics, are singled out from the others in the society in which they live for differential and

 

Health issues of project team members

Working together as a team, professionals must balance responsibilities, values, knowledge, skills, and even goals about patient care, against their role as a team member in shared decision-making. Because many physicians, in particular,

 

  1. What are the major roles that motivation plays in handling project environment?

(Explain how motivation plays a considerable role in the success and failure of a project, Discuss the major roles of motivation in a project environment)1, 9 ( 1 mark for each role)

 

Answer:Efficient processes and smooth relationships create the opportunity for successful projects. And having team members personally commit to your project’s success gives you the greatest chance of achieving it. Therefore, your major task as a project manager is to encourage every team member to be motivated and committed to your project’s success.

 

 

 

  1. Explain various types of collective bargaining.

(Explanation of four types of collective bargaining)10 (2.5 marks each)

 

Answer: Collective bargaining is a tool people use to end conflict and get things going again in business. Occurring in either continuous or periodic forms, its aim is to make things better for both the employer and employee overall, or to initiate social changes. The disadvantages such as expense and creating divisions in companies are significant, but this technique also provides some big advantages such as giving workers a safe way to voice their concerns and opinions.

 

The primary objective of this

 

  1. What is a Human Resource Information System(HRIS).

(Define HRIS, Very briefly Functions of HRIS, List any two advantages of HRIS, List any two disadvantages of HRIS) 1.5, 4.5 (1.5 marks for each function)

 

Answer:A HRIS, which is also known as a human resource information system or human resource management system (HRMS), is basically an intersection of human resources and information technology through HR software. This allows HR activities and processes to occur electronically.

 

Managerial:An HRIS functions as a managerial information system to gather and provide key data about staffing, turnover, benefits

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

 

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

 

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