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SEM 4 PROJECT MANAGEMENT (PM) FALL 2013
PM0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT
1
Discuss PERT technique of project planning.
A
Steps in the PERT Planning Process
Benefits of PERT
Limitations of PERT
6
2
2
10
2
Explain the two criteria by which scheduling can be finalised in relation with the resource deployment
A
(i) Resource Levelling
(ii) Resource Smoothing
10 ( 5 marks each)
10
3
Describe the time-series forecasting of seasonal data.
A
Least Squares Forecasting with Monthly or Quarterly Data
Exponential Model with Quarterly Data
Exponential Growth with Quarterly Data Forecasting Equation
Exponential Model with Monthly Data
Exponential Growth with Monthly Data Forecasting Equation
10( 2 marks each)
10
4
State the basic functionalities of MS Project
A principal formats of entering data/viewing charts, forms, and sheets The Input/output Model important terminologies in MS Projects Starting MS Projects Components of MS Projects Screen Views and Tables in MS Projects The Tracking Gantt View MS Project Menus
10 ( 1.25 marks each)
10
5
Describe the various elements of entering and managing resources in MS Project
A
Adding Resources to the Resource Sheet
Editing the Resource Information
Inserting and Deleting Resource
Assign Resources
Working with Resources on the Fly
Updating Resource Information on the Fly
Viewing the Resources
The Resource Graph
Viewing Resource Usage
Review of Resource Usage
10 (1 mark each)
10
6
How to create a report on the project activities in the MS Project
A
Setting Up of Reports
Process of Creating or Editing Reports
Reports that can be printed
Check the Reports Available, Print a Report
Reports by Report Type
PM0016 –PROJECT RISK MANAGEMENT
1
Write a note on Process Maturity Model.
A
Definition of Process maturity model, why it is used
Levels
2
8
10
2
Explain the steps involved in performing risk analysis
A
Identify threats
Estimate risk
Managing risk
Reviews
10 (2.5 marks each)
10
3
Evaluate the tools used to monitor risks
A
Description of the tools
Analysis
Conclusion
6
3
1
10
4
Explain the six risk management tools.
A Quality Control Tools. Probability Techniques. Flow Charts. Fishbone Diagrams. PERT/CPM Techniques. Project Insurance
10(approx. 1.67 marks each)
10
5
Assess how and why change fails and analyse the reasons for resistance to change.
A
Reasons why change in organization fails
Rank the reasons
Reasons for resistance to change
Handling resistance
10(2.5 marks each)
10
6
Analyse the event chain methodology.
A
Description six major principles
Application of event chain methodology
Analysis
Conclusion
4
3
2
1
10
PM0017 –PROJECT QUALITY MANAGEMENT
1
Analyse project organisational structure.
A Comparison of characteristics of organisational structures. advantages and disadvantages of each influence of organisational structure on project management operations Conclusion
4
3
2
1
10
2
Explain the Wheel of Quality model.
A
Three elements of customer focus, variation, and continuous improvement,
Essential elements of training and leadership.
2.5
2.5
2.5
2.5
10
3
Analyse the project approaches for capability development.
A
Explanation Quality assurance, Metrics
Quality assurance plan, Quality audits
Uses/application
Conclusion
6
2
2
10
4
Explain Five Elements of the Six Sigma Framework.
A
Top management commitment
Training scheme
Project team activities
Measurement system
Stakeholder
involvement
0.5
4.5
1
1
1
1
10
what do the 5 elements govern and support
1
5
Analyse the stages of cost reduction
Description of six quality costs
6
How can the costs be reduced
3
Conclusion
1
10
6
Explain the key elements in a supply chain.
Production. Supply. Inventory. Location. Transportation. Information
10
10
PM0018 –CONTRACTS MANAGEMENT IN PROJECTS
1
Enumerate the characteristics and legal issues of LSTK EPC Turnkey contracts
A
characteristics and legal issues (description)
Design
Changes or variations
Schedule delay
Force majeure
Owner controlled activities
Analysis
Conclusion
7
2
1
10
2
Explain the steps that you should follow while evaluating the bids document
A evaluate the bids as per procedure given in the Instructions to Bidder (ITB) of the bid document. take the assistance of a Technical Evaluation Committee (TEC) as per requirements of the procuring organisation carry out initial examination preparation of a list of responsive bidders bid costs steps arriving at the evaluated costs check whether the lowest evaluated
10 ( 1.25 marks each)
10
responsive bidder, as selected above, meets the specified minimum qualification criteria evaluation report must be prepared
3
Explain the Plan Procurement process with its inputs and the tools and techniques used
A
Inputs Scope baseline Requirements documentation Teaming agreements: Risk register Risk-related contract decisions Activity resource requirements Project schedule Activity cost estimates Cost performance baseline Enterprise environmental factors Organisational process assets
Tools and techniques Make-or-buy decisions Expert judgement Contract types
6
4
10
4
Write a note on Request for Quote (RFQ).
A
Explanation of RFQ
Information contained in RFQ
Why it is a important document while purchasing goods and services
Need for RFQ
10
10
5
Explain the guidelines for conducting a competitive negotiation
A four sequential phases some questions that as a negotiator you can face
10 (2.5 marks each)
10
Rules of thumb for a competitive negotiation: do’s and don’ts
6
Write a note on International arbitration institutions.
A International Council for Commercial Arbitration United Nations Commission on International Trade Law International Centre for Settlement of Investment Disputes The American Arbitration Association
10 (2.5 marks each)
10