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Summer 2013
MASTER OF BUSINESS ADMINISTRATION (MBA)
PROJECT MANAGEMENT
SEMESTER 3
PM0011 – PROJECT PLANNING AND SCHEDULING – 4 CREDITS
(BOOK ID: B1237)
ASSIGNMENT- 60 MARKS
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. The PMBOK Guide addresses four elements related to scope. List and explain them.
(Listing of 4 elements – 1 mark, Explanation of elements – 9 marks) 10 marks
Answer : Elements related to scope :
The scope is the most important element to understand about any project. All planning and allocation of resources are anchored to this understanding. Scope creep is a significant risk in software development projects. We discuss why this is so, and how to avoid or at least mitigate the risk. New software is usually developed as a result of a customer identifying a need. The next step is to specify how the software will meet that need; specifically, what functionality will be developed.
Q2. Write short notes of PERT
(Explanation/definition of PERT- 1 mark; Four requirements of PERT – 2 marks ; Basic features and functions of PERT techniques – 2 marks; PERT System of Time Estimates – 3 marks; PERT Computations – 2 marks ) 10 marks
Answer : Definition of PERT :
A PERT chart is a graph that represents all of the tasks necessary to a project’s completion, and the order in which they must be completed along with the corresponding time requirements. Certain tasks are dependent on serial tasks, which must be completed in a certain sequence.
Q3. Explain the various planning processes which are part of the risk management knowledge area.
(each process 2.5 marks, i.e. 4 processes X 2.5 marks =10 marks) 10 marks
Answer : Planning process which are part of risk management knowledge area :
1. Identification :
After establishing the context, the next step in the process of managing risk is to identify potential risks. Risks are about events that, when triggered, cause problems or benefits. Hence, risk identification can start with the source of our problems and those of our competitors (
Q4. What is an expert system? Explain different parts involved in an expert system.
(Definition of expert system, use, essential ingredient – 2 marks; parts of an expert system – 8 marks) 10 marks
Answer : Expert system :
An expert system is computer software that attempts to act like a human expert on a particular subject area.
Expert systems are often used to advise non-experts in situations where a human expert in unavailable (for example it may be too expensive to employ a human expert, or it might be a difficult to reach location).
How Do Expert Systems Work?
Q5. Explain four different types of predecessor and the reasons why one task may be dependent on another. (Four different types of predecessor- 2 marks each i.e 2 X 4 = 8 marks; reasons why one task may be dependent on another – 2 marks)
Answer : Four different types of predecessor and reasons for dependency :
Applying dependencies to tasks is preferable to setting hard dates in a schedule. Fixed dates applied to tasks, called date constraints, quickly increase the effort to maintain the schedule. If you use date constraints, you often must manually recalculate dates when the schedule changes.
1. Finish-to-start (FS)
Q6. What is delay analysis and explain its methodology?
(Delay analysis definition, critical and non-critical delay – 2 marks; Methodology – 8 marks)
Answer : Delay analysis :
Delays are a feature of many construction projects, and frequently lead to arguments about the payment of liquidated damages by the contractor on the one hand, and reimbursement of additional costs to the contractor on the other hand.
On major projects it is common for
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