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MBA Semester 2-SUMMER 2015

MB0049 - PROJECT MANAGEMENT

Q1 Explain the various phases of the project management life cycle.

List and describe the various phases of the project management life cycle.

Answer:
the various phases of the project management life cycle:
1. Project initiation: Project initiation is the first step in the project development cycle, and in
simple terms: starting up the project. A project is initiated by defining its reason, business goals,
and scope. The cause for initiation Get complete Answers on www.smuHelp.com
Q2 List the steps involved in each process of project planning.

List the processes of project planning

Write the steps involved in each process of project planning

Answer:
The processes of project planning:

The identification process

The review process
The analysis process
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Q3 Write short notes on the following cost estimating tools and techniques:

Analogous estimating
Bottom-up estimating
Parametric estimating
Reserve analysis

Answer:
a. Analogous estimating:

Analogous cost estimating implies using the actual cost of previous, similar projects as the basis
for estimating the cost of the current Get complete Answers on www.smuHelp.com
Q4 Summarize quality control for project quality management.

Define quality control

List the steps in quality control
Explain the inputs, tools and techniques and outcomes of quality control
Write the implications of quality control for project quality management

Answer:
Define quality control:
Quality control involves scrutinising particular project results to determine if they abide by
relevant quality standards and identifying ways to removing causes of unsatisfactory results.
Quality Control (QC) refers to a system Get complete Answers on www.smuHelp.com

Q5 What is purchase cycle? Explain the key steps involved in the purchase cycle of a
project.

Define purchase cycle

List and describe the key steps involved in the purchase cycle of a project

Answer:
Define purchase cycle:
Purchase cycle is a standard process that corporations and individuals progress through (in order)
when purchasing a product or service. It is also known as the 'buying cycle' or 'purchase process'.
This cycle discusses about the decision points Get complete Answers on www.smuHelp.com
Q6 Explain the various elements of project control.

List and describe the various elements of project control.

Answer:
The various elements of project control:
1. Identify output and performance objective:

There are three basic performance objectives/standards for a project which a manager is expected
to control. These include time schedule (project duration), project cost, and conformance to
design specifications which ensure Get complete Answers on www.smuHelp.com