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Project Management
1. You are evaluating two project proposals. Project A will need investment of Rs. 10 lac in one year from now. It will return Rs. 3 lac in first year, Rs. 4.2 lac in second year and Rs. 6.8 lac in third year. Project B will need investment of Rs. 8 lac in one year from now. It will return Rs. 4.2 lac in first year, Rs. 3.5 lac in second year, Rs. 2.4 lac in third year. Which project you will select? Please use NPV method.
Introduction
In order to understand the benefit and profitability of a project, it is required to use the NPV method of calculation, which makes the process and findings easier to be maintained. Here in that regard, for calculating the benefits of projects A and B the method of NPV will be used.
Concept and application
Two project plans have been chosen for the paper which will be calculated and evaluated to understand which one is more profitable to be used. Before evaluating the calculation it is necessary to understand why the NPV methods are used for the calculation. NPV is a financial term that represents Net Present Value. Hence in this particular paper, the goal is to understand the Net Present Value of Project A and Project B and on the basis of the calculation, the decision of selecting a project will be made so that the decision is efficient and feasible and fruitful for project
2. You are about to launch a marketing campaign project that has half a dozen tasks such as perform market research, define channels of distribution, design marketing campaign, gain budget approval, evaluate marketing goals and mobilize team. There are many stakeholders in this project such as market research department head, accounts head, HRD Head, CEO, CFO, CMO, etc. please prepare a RACI table for this project. Please make suitable assumptions, wherever needed. What is the topmost benefit of using RACI table in this project?
Introduction
This project is beginning with half a dozen of tasks and there are some responsible designated employees to handle the tasks. There must be a chart stating clearly which employee should take over which responsibility to avoid any mess. This RACI table will help the employees to understand their duties clearly and the work will
3. “Finally it is ending. I feel so relived.” Priya was talking to her colleague, Satish. She was referring to the software development project that she was managing with the assistance from Satish. “Yes, but we still need to prepare the transition plan and face the post closure audit, among plethora of small activities.” Satish commented. He was too much irritated with a lot of small activities that are needed to be closed as the project closure was nearing. “Yes let me focus on the transition plan and audit while you please meticulously close all the loose ends.” Priya quickly divided the labor between two of them.
a. What the transition plan will contain? (5 Marks)
b. What would post-closure audit include?
Introduction
A post closure audit always helps the project of the development of a software to become flawless and more reliable. A post closure audit and a transition plan of a software development generally is used for remarking the tasks that are left to be done. It usually cites the faults the development has looked over throughout the project. This assignment will help the employees to know about the Dear students, get fully solved assignments by professionals
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