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Birla Institute of Technology & Science, Pilani

Work-Integrated Learning Programmes Division


First Semester 2015-2016
Comprehensive Examination (EC-3 Regular)

Course No. : HHSM ZG519


Course Title : PROJECT MANAGEMENT
Nature of Exam : Open Book
Weightage : 50% No. of Pages =3
Duration : 3 Hours No. of Questions = 4
Date of Exam : 08/11/2015 (AN)
Note:
1. Please follow all the Instructions to Candidates given on the cover page of the answer book.
2. All parts of a question should be answered consecutively. Each answer should start from a fresh page.
3. Assumptions made if any, should be stated clearly at the beginning of your answer.
Q.1 (a) ABC international is a small investment banking firm that specializes in securing funds to
small medium sized firms. ABC is able to use a standardized project format for each
engagement. only activity times and unusual circumstances changes the standard network .
Shyam has been assigned to this client as project manager partner and has compiled the
network information and activity times for the latest client as follows:
Activity Description Immediate
predecessor
A Start story draft using template -
B Research client firm -
C Create the due diligence rough draft A,B
D Co-ordinate needs proposals with clients C
E Estimate future demands and cash flows C
F Draft future plans for client company E
G Create and approve legal documents C
H Integrate all drafts into first proposals D,F,G
I Line up potential sources of capital G,F
J Check , approve and pint legal proposal H
K Sign contracts an transfer funds I,J

Time In Workdays
Activity Optimistic Most Likely Pessimistic
A 4 7 10
B 2 4 8
C 2 5 8
D 16 19 28
E 6 9 24
F 1 7 13
G 4 10 28
H 2 5 14
I 5 8 17
J 2 5 8
K 15 29 45

As part of managerial report, Shyam wants you to prepare a report that presents a planned
schedule and expected project completion time in workdays. Include a project network in your
report . The average duration for a sourcing capital project is 70 workdays. IC partners have
agreed it is good business to setup projects with a 95 % chance of attaining the plan . How does
this project stack up with the average project? What would the average has to be to ensure a 95 %
chance of completing the project in 70 workdays? [15]

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Q.1 (b) Shyam also wants to prepared to answer any questions concerning compressing the project
duration . To be ready for the compression question , Shyam has prepared the following data
in case it is necessary to crash the project . Use the weighted average times (t e) computed in
first part .

Activity Normal Costs Maximum Crash Crash


(In Dollars) Time Cost/Day (In
Dollars)
A 3000 3 500
B 5000 2 1000
C 6000 0 --
D 20,000 3 3000
E 10,000 2 1000
F 7,000 1 1000
G 20,000 2 3000
H 8,000 1 2000
I 5,000 1 2000
J 7,000 1 1000
K 12,000 6 1000
Total Normal Costs= $103,000

Using the data provided , determine the activity crashing decisions and best time cost project
duration. [8]

Q.2. From the following information draw the project network . Compute the early , late and slack
times for each activity . Identify the critical path [8]

ID Duration Finish to start Finish to start Additional lag Lag


predecessor lag relationships
A 5 NONE 0 NONE 0
B 10 A 0 NONE 0
C 15 A 0 START-FINISH C 20
TO D
D 5 B 5 START -START D 5
TO E
FINISH -FINISH D 25
TOE
E 20 B 0 FINISH TO FINISH 0
E TO F
F 15 D 0 NONE 0
G 10 C 10 FINISH TO FINISH 10
G TO F
H 20 F 0 NONE

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Q.3. ABC hospital is organizing a Soccer Tournament . The project team has identified the following
potential risks to their project: [7]

(a) Referees failing to show up at designated games.


(b) Fighting between teams.
(c) Pivotal error committed by a referee that determines the outcome of a game.
(d) Abusive behavior along the sidelines by parents.
(e) Inadequate parking.
(f) Not enough teams sign up for different age brackets.
(g) Serious injury.

How would you recommend that they respond (i.e., avoid, accept, ) to these risks and why?
Also write the possible contingency plan for each type of risk.

Q.4 (a) Explain how parallel method is used for resource constrained projects? [2]

Q.4 (b) Develop a WBS for a project in which you are going to build a bicycle. Try to identify all of
the major components and provide three levels of detail. [5]

Q.4 (c) You are the father or mother of a family of four (kids ages 13 and 15) planning a weekend
camping trip. Develop a responsibility matrix for the work that needs to be done prior to
starting your trip. [5]

____________

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