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Solved Assignments\ Projects

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PROGRAM

Masters of Business Administration - MBA

SEMESTER

II

SUBJECT CODE & NAME

MBA206

Project Management

SET 1

Qus:1 Define Project Management Body of Knowledge (PMBOK). Detail nine


knowledge areas of Project Management Body of Knowledge (PMBOK).

Project Management Body of Knowledge (PMBOK) 5

Nine knowledge areas of PMBOK 5

Answer: The Project Management Body of Knowledge (PMBOK) describes nine knowledge
areas of the project management discipline. The in-depth understanding, application and
attaining proficiency

Qus:2 Elaborate five project life cycle phases.

Five project life cycle phases 10


Answer: The project life cycle (PLC) describes the start and the end of the project and the
various stages in it. It begins with concept of idea, incubation, feasibility studies and further
on towards initiation, planning, execution and closeout. Irrespective of the type and
complexity of

Qus:3 Define the determination of the Critical Path

Earliest Occurrence Time (EOT) 2

Latest Occurrence Time (LOT) 2

The slack for each event 2

The critical and slack paths 2

The activity floats 2

Answer: Calculate the Earliest Occurrence Time (EOT) for each event
After completion of all leading activities, an event occurs. In the network diagram shown in
Figure 5.8, for example, event 4 occurs when activities (2-4) and (3-4) are completed. Clearly
activity (2-4) cannot

SET 2

Qus:1 Illustrate strategies to control the project risk.

Risk avoidance 2.5

Risk reduction 2.5

Risk retention 2.5

Risk transfer 2.5

Answer: To make the most of the benefits of project risk management, we must integrate the
project risk management activities into well planned project management plan and work
activities. Once risks have been identified and measured, the strategies to control the risk fall
into one or more of these

Qus:2 Detail the planning process of PMIS.

1. Identify the information needed 2.5

2. Capture data 2.5


3. Process data into information and store it 2.5

4. Communicate information to stakeholders 2.5

Answer: Identify the information needed

Identification of the information that is needed is necessary for improving the decision
making and the structure of the PMIS. Information requirements of project stakeholders
include the recipients of information, the type of information that is needed, which includes
format, contents, and

Qus:3 What is Project Performance Evaluation? Elaborate types of project


performance evaluation.

Project Performance Evaluation

1. Process (or implementation) evaluation 2

2. Outcome evaluation 2

3. Impact evaluation 2

4. Cost-benefit and cost-effectiveness analyses 2

Answer: Performance evaluation is an important tool for the assessment of a system or


service according to the measurements specified. We can define it as the systematic process
of assessment of effectiveness against predetermined norms, standards, or expressed goals. In
management

Solved Assignments\ Projects


Contact: - project8182@gmail.com
Phone: +91 -9873669404
http://www.smuassignmentproject.com/