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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Project Management
Assignment Marks: 30
Instructions:
| For Theoretical Answer | For Numerical Answer | |||
| Assessment Parameter | Weightage | Assessment Parameter | Weightage | |
| Introduction | 20% | Understanding and usage of the formula | 20% | |
| Concepts and Application related to the question | 60% | Procedure / Steps | 50% | |
| Conclusion | 20% | Correct Answer & Interpretation | 30% |
1. Provide details for each stages of the “Generic Project Life Cycle Model” for a hypothetical project of conducting Annual Day in your university. Include specific actions which are required in this project and give your comment about which will be the most critical stage for this project. (10 Marks)
Answer 1
Introduction
A generic project life cycle model is a project with a sequence of stages; the management determines the number of sequences of the cycle and various factors like the organization’s needs in the project, the nature of the project. The project lifestyle model is described as per the aspects and needs of the project. The project phase has been started with the start, end and control points according to the time. Project life cycle modals are of five different types: incremental, iterative, linear, extreme and adaptive. Every project has its start and endpoint, and control point.
2. Government is undertaking a major renovation in railway infrastructure. There are four possible options (Project-01 to Project-04). Based on your instructions, following data about the feasibility of the projects were collected. Data is in two parts. The ratings (on a scale of 1 to 10, where 1 indicate POOR and 10 indicate GOOD) on eight aspects and financial information. Conduct the feasibility analysis – based on rating and using (Net Present Value) NPV method (use Discounting Rate as 10% per year). Give your recommendation for the type of project to be selected for this purpose.
| Feasibility | Project-1 | Project-2 | Project-3 | Project-4 |
| Operational | 3 | 5 | 7 | 7 |
| Market | 7 | 6 | 7 | 5 |
| Technical | 7 | 2 | 5 | 3 |
| Economic | 8 | 2 | 5 | 3 |
| Financial | 6 | 10 | 5 | 4 |
| Legal and Regulatory | 2 | 5 | 9 | 5 |
| Environmental | 2 | 7 | 10 | 7 |
| Social | 5 | 2 | 6 | 4 |
| I | C1 | C2 | C3 | C4 | C5 | C6 | ||
| Project-01 | Cashflow | -45 | 15 | 15 | 15 | 15 | 15 | 15 |
| Project-02 | Cashflow | -50 | 20 | 20 | 20 | 20 | 20 | |
| Project-03 | Cashflow | -60 | 25 | 25 | 25 | 25 | ||
| Project-04 | Cashflow | -55 | 18 | 18 | 18 | 18 | 18 | 18 |
(10 Marks)
Answer 2
Introduction
Obstruct of roads and sky, growing energy costs and interest to lessen radiations, have made a need to move transportation from road and air to rail. Subsequently, rail use is growing, adding strain to the rail establishment and time prerequisites to help. The introduction and cutoff of rail establishment are depended upon to be defended or even improved. Rail course execution and cutoff can be overhauled by
3. A project has 11 activities: Activity-A to Activity-K.
a. Prepare a network diagram and list different chains of activities. Use the following information.
| Activity No: | A | B | C | D | E | F | G | H | I | J | K |
| Predecessor | A | B | B | D | D | C | F,G | E | H,I,J |
Answer 3
So far the means engaged with building up the underlying network gave two essential bits of data a gauge of the undertaking length and the critical path. The underlying network built is analyzed to change over it into a legitimate, pragmatic network which fulfills the task prerequisites and gives the premise to successful execution and control.
This interaction is called network update. The reason for update is two-crease. First and foremost, it is worried about improving the nature of the data in the network; data about the connections and terms of exercises. Besides, it is worried about guaranteeing that the last network fulfilled the venture destinations.
| Activity A B C D E F G H I J K Duration 2 3 3 7 8 3 5 10 4 6 3 |
Ans:
3b
The computations were so organized so that they could be completed on the IBM Naval Ordinance Research Computer (NORC) at Dahlgren, Virginia. The strategies are basically network-arranged methods utilizing a similar guideline. Sprightly and CPM are essentially time-arranged strategies as in the two of them lead to assurance of a period plan for the task.
Identifying the critical path and duration
The undertakings on the critical path are
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