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1. Dear students get fully solved assignments by professionals
Send your semester & Specialization name to our mail id :
stuffstudy5@gmail.com
or
call us at : 098153-33456
(Prefer mailing. Call in emergency )
ASSIGNMENT
PROGRAM MBADS (SEM 4/SEM 6)MBAFLEX/ MBA (SEM 4) PGDROMN (SEM 2)
SEMESTER 2
SUBJECT CODE & NAME ML0018-Project Management in Retail
CREDIT 4
BK ID B1844
MAX.MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately
of 400 words. Each questionis followedbyevaluationscheme.
1 Describe the various Project ManagementTools.
Answer: The project management process typically includes four key phases: initiating the project,
planning the project, executing the project, and closing the project. An outline of each phase is provided
below.
Initiatingthe Project
The project managementtechniques
2 Explainthe Retail Project Formulationfor Franchise Business

2. Answer: A clear and definite plan outlined by the retailer to tap the market A plan to build a long-term
relationship with the consumers Process of strategy formulation in retail is the same as that for any
other industry It starts with the retailer defining or stating the mission for the organization The mission
is at the core of the existence of the retailer Other aspects of the strategy may change over a period of
time or vary fordifferentmarkets.
Retail Strategy:
3 ExplainProject Risk and its types
Answer: Risk Analysis is often conducted in two different ways – Qualitative and Quantitative. For a
proper risk assessment of any project plan or project management system, it is vital to understand the
basicdefiningdifference betweenthem.
Risk analysis is an essential managerial perception that is needed to identify existing and potential
threats, vulnerabilities, and other workplace hazards that can compromise the performance of any
organizational set-upandoverall performance.How
4 Describe differentactivitiesrelatedtothe Retail Project Execution
Answer: Retail Project Merchandisers are responsible for executing merchandising projects to display
productsat a varietyof differentretail accountswithinanassignedterritory.
Retail ProjectMerchandisersResponsibilities
5 BrieflyexplainRetail Projectlife cycle stages.
Answer: Project management includes:Developing a project plan, which includes defining project goals
and objectives, specifying tasks or how goals will be achieved, what resources are need, and associating
budgets and timelines for completion Implementing the project plan, carefully to make sure the plan is
beingmanagedaccordingtoplan.
6 Write short noteson:
a) MaximinDecisionRule(Payoff model)

3. Answer: Minimax is a decision rule used in decision theory, game theory, statistics and philosophy for
minimizing the possible loss for a worst case (maximum loss) scenario. Originally formulated for two-
playerzero-sumgame theory,coveringboththe
b) ISO 9000
Answer: The ISO 9000 family addresses various aspects of quality management and contains some of
ISO’sbestknownstandards
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or
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