PM0011 – PROJECT PLANNING AND SCHEDULING

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DRIVE SUMMER 2014
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE & NAME PM0011 – PROJECT PLANNING AND SCHEDULING
BK ID B1937
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.

 

 

 

Q1. Write short note on:

  • Controlling PMO (Project Management Office )
  • Bottom-up approach for estimating project planning
  • Consequences of project delays
  • Partnering

 

Answer:a) Controlling PMO (Project Management Office )

A controlling PMO focuses on the four controlling services: governance, assessments, reviews, and audits. The primary goals of the controlling PMO are:

  • To ensure that the methodology, standards, processes, and tools are being used correctly
  • To define and direct corrective action to create ongoing improvement in project management

If the PMO then performs

 

 

  1. b) Bottom-up approach for estimating project planning

Bottom-up estimating is a process of estimating individual schedule activities or costs and then aggregating these together to come up with a total estimate for the work package. Every schedule activity is estimated individually and all individual estimates are added together, to come up with a total. The

 

 

  1. c) Consequences of project delays

Exponent performs schedule delay analyses in both contemporaneous and “after-the-fact” situations for clients who need to determine what delayed their project and for how long. Exponent’s Construction Consulting staff has expertise in either preparing or responding to delay analyses addressing the question of what critically extended the project’s completion. Exponent uses industry recognized and

 

 

 

  1. d) Partnering

Partnering provides an important means for communication between the project stakeholders. It provides a means to measure and monitor the satisfaction of the Project requirements; therefore, partnering also plays a key role in the continuous improvement cycle.

 

 

Q2. Explain various stages of project scope management.

(Briefly describe each stage of scope management) 10 ( 2 marks each)

 

Answer: Before a project starts the project manager must make sure the project goals, objectives, scope, risks, issues, budget, timescale and approach have been defined. This must be communicated to all the stakeholders to get their agreement. Any differences of opinion must be resolved before work starts.

Scope management project stages

Inception Stage – Definition Phase:Conduct a preliminary assessment and document a business need or opportunity in the form of a

 

 

Q3.  Write short notes on:

 

  • Scope change
  • Porter model used by organisations to identify investment opportunities
  • Tools for Project Scheduling
  • Operating Feasibility

 

Answer: a) Scope change

 

“Change in scope” easily ranks among the top issues that keep project managers awake at night. At the project’s launch, the scope, schedule and budget are determined. Then, somewhere during the course of the project, someone changes the scope.

 

 

 

 

  1. b) Porter model used by organisations to identify investment opportunities

Michael Porter’s five forces is a model used to explore the environment in which a product or company operates to generate competitive advantage.

 

Porter’s Five forces analysis looks at five key areas mainly the threat of entry, the power of buyers, the power of

 

 

  1. c) Tools for Project Scheduling

Here are some tools and techniques for combining these inputs to develop the schedule:

 

  • Schedule Network Analysis – This is a graphic representation of the project’s activities, the time it takes to complete them, and the sequence in which they must be done. Project management software is typically used to create these analyses – Gantt charts and PERT Charts   are

 

  1. d) Operating Feasibility

 

The feasibility study is an evaluation and analysis of the potential of a proposed project which is based on extensive investigation and research to support the process of decision making.

Feasibility studies aim to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the environment, the resources required to

 

 

Q4. Explain the various tools of project planning.

 

(Briefly mention the role of project planning tools in an organisation, Explain various tools that are used in project Planning) 2, 8( 2 marks for each tool)

 

Answer:Project management in the modern sense began in the early 1950s, driven by businesses that realised the benefits of organising work around projects, and the critical need to communicate and co-ordinate work across departments and professions.

 

Project management is one of the high-responsibility tasks in modern organizations. Project management is used in many types

 

Q5. Explain the meaning of CPM. Mention various steps involved in CPM.

(Write the meaning of CPM, Explain various steps associated with CPM)2, 8( 2 marks for each step)

 

Answer:CPM is Network analysis technique used in complex project plans with a large number of activities. CPM diagrams

(1)all activities,

(2)time required for their completion,

(3)and how each activity is related to the

 

 

 

 

Q6. What do you understand by cost of quality? Elaborate on various types of quality costs associated with a project.

(Write the meaning of cost of quality, Explain various types of quality costs associated with a project, Write a note on Total quality costs) 2, 6, 2

Answer: There are many different definitions of the Cost of Quality available, and many are lacking in scope or precision. Often these definitions have not kept up with the times and don’t account for software costs, supply chain interactions, or more. To remedy these shortcomings, we thought building on one of our favorite definitions (provided by ASQ, an organization we respect and support at LNS

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

 

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or

Call us at : 08263069601

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