Summer / May 2012

Master OF Business Administration

Second Semester
Project Management - (MB0049) Mu0010 Mu0011 Mb0044 Assignment Set- 1 (60 Marks) Solved mba assignment just @ 500 per sem Contact 09587766991 ajitmehrat90@gmail.com

Q1. Define project management. Discuss the need for project management. Ans. The identification process: The orming root cause analysis for all problems encountered.

If all the above steps are performed, scoping and planning become effective and the ideal outcome are achieved.

Q3. Discuss the various steps in project monitoring and control. Ans: Project tured and formal manner. Quality review should focus on product development and its quality factors. Focus on whether it meets the prescribed quality standard. Follow Up: Revise the complete quality review product status from In-progress to QR Complete. Follow up the actions planned in strict manner which ensures conformity to the standards. Review Quality Control Procedure: Verify that the quality objectives for each product are appropriate and that all participants are satisfied both with the process and its outcome. This is to ensure that all the stakeholders of the project are in conformity of control procedures.

Q4. What is Project Management Information System (PMIS)? What are the major aspects of PMIS?

Ans: Project Management Information System (PMIS): An information system is mainly aimed at providing the management at different levels with information related to the system of the organisation. It helps in maintaining discipline in the system. An information system dealing with project management tasks is the project management information system. It helps in decision making in arriving at optimum allocation of resources. The information system is based on a database of the organisation. A project management information system also holds schedule, scope changes, risk assessment and actual results. The information is communicated to managers at different levels of the organisation depending upon the need. Let us find how a project management information system is used by different stakeholders.

The major aspects of a PMIS are as under: Providing information to the major stakeholders. Assisting the team members, stakeholders, managers with necessary information and summary of the information shared to the higher level managers. Assisting the managers in doing what if analyses about project staffing, proposed staffing changes and total allocation of resources.

Helping organisational learning by helping the members of the organisation learn about project management.

Q5. What is PERT chart? What are the advantages of PERT chart? Ans:

PERT Chart: A number of activities make a project. Due to technological necessities, some activities can be performed only after some others have been completed. Some activities are independent of some other set of activities. Different activities have different duration for their completion. Some projects are big and a number of clearly distinguishable stages or milestones are identified. Since some activities run concurrently, there are possibilities that one set of activities end up early and have to wait for some other activities to proceed further. This means that there are more paths from the beginning to the end, and one of them takes more time than the others. We call that critical path. A PERT chart helps us to follow the critical path. Let us become familiar with the PERT chart. PERT stands for Program (or Project) Evaluation and Review Technique. It is a popular project management model designed to analyse and represent the tasks involved in completing a given project. It also helps in identifying the minimum time required for completing the total project. A PERT chart is a graphic representation of a projects schedule, showing the sequence of tasks. It also shows the tasks that can be performed parallely, and the critical path of tasks which has direct impact on the project schedule. The tasks in the critical path must be completed as per schedule in order for the project to meet its completion deadline.

Advantages of PERT chart: Avoid unrealistic timetables and schedule expectations Understand the dependencies Identify and shorten tasks that are bottlenecks Focus attention on most critical tasks

Q6. Write brief notes on Re-structuring.

Ans:

Restructuring: This is attempted with change in authority and task relationships of managers. The move from the functional form or a standard division structure to combine or divide areas of control and authority to facilitate better coordination and/or workflow can be described as restructuring. In the process, a few jobs may not be there. Few people may have multifunctional activities. The main purpose is to reduce bureaucratic costs. This is because of a change in strategy. Downsizing is also a way of restructuring