The document provides information about an assignment for a project planning and scheduling course. It includes 6 questions related to project management topics like project deliverables, budget estimation, cost of quality, ISO standards, and advantages of project management software. Students can get the assignment solved by a third party service for Rs. 125 per question by emailing or calling for assistance.

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Master of Business Administration - MBA Semester 3
PM0011-Project Planning and Scheduling
(Book ID: B1937)
Assignment (60 Marks)
Note: Answers for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Write short note on:
 Project deliverables
 Project Rating Index(PRI)
 Scope change control
 Partnering
Answer. Project Deliverables:
In project management, a deliverable is a product or service that is given to your client. A
deliverable usually has a due date and is tangible, measurable and specific. A deliverable can be
given to either an external or internal customer and satisfies a milestone or due date that is
created and produced in the project plan. A deliverable can be a software product, a design
Q2. Budget Estimation of ABC Company Ltd.
ABC Company Ltd., established in 1985, is engaged in the manufacturing of leatheraccessories.
Over the years, the company, which started out as a local firm, has made its mark as an
international corporation. However, the company is still working as a traditional set up.
The high quality and durability of products have increased the demand of the products in the
market. As the production of the organisation is being increased tomeet the demand, the
traditional set up is creating hurdles in the production process.
Organisation conflicts have arisen among the team members because of the unorganized
hierarchical structure of the company, which is affecting the output of the organisation. Now
that the management has decided to expand the business and opened up branches abroad, the
company is facing two more problems. The first problem is in budgeting as the company is

2. unfamiliar with international market conditions, strategy, and business policy while the second
problem is conflicts at the time of team formation due to lack of experience of and exposure to
multinational work culture, which has further affected the output of the company.
The company can estimate the budget through two methods, the bottom - up approach and the
top - down approach. The bottom -up approach is generally followed by the MNCs as it is more
accurate and reliable.
Mr.Parag has been appointed as the country head of the company and he has also been
assigned the responsibility of incorporating the advanced project set up in the organisation.
Questions:
1. Which project estimation approach should be used by the company and why?
2. What type of project organisation structure should be used by the company and why?
Answer. 1. Bottom-up estimating (also called detail orresource-driven estimating)
The estimator breaks a project into distinct line items, and then breaks those line items into
smaller, distinct line items, and so on, until he or she arrives at the component (or resource) level
– the level of detail at which the price of the components is relatively consistent across projects.
Q3. What is the importance of operational feasibility? Explain the factors that affect operational
feasibility.
Answer. Operational feasibility is as important as technical feasibility (or any other kind of
feasibility for that matter), and yet it can be the first thing to get brushed under the carpet. The
conversation changes and that ‘intelligent system’ everyone was discussing is transformed back
into a mere ‘thing’: a deliverable to drop into the organisation. We’ll find out later if we can make
it happen; if we can weave it into departments and hearts as successfully as we can plug it into
software platforms.
Q4. Write short notes on
 Monte Carlo analysis
 Work break down structure
 Resource loading
 Definitive estimate (a method to estimate cost of a project).
Answer. Monte Carlo analysis:
Monte Carlo simulation is a method for exploring the sensitivity of a complex systemby varying
parameters within statistical constraints. These systems can include financial, physical, and
mathematical models that are simulated in a loop, with statistical uncertainty between

3. simulations. The results from the simulation are analyzed to determine the characteristics of the
system.
Q5. What do you understand by cost of quality? Elaborate on various types of costs of quality
associated with a project.
Answer. Cost of Quality:
The “cost of quality” isn’t the price of creating a quality product or service. It’s the cost of NOT
creating a quality product or service.
Every time work is redone, the cost of quality increases. Obvious examples include:
 The reworking of a manufactured item.
 The retesting of an assembly
 The rebuilding of a tool
 The correction of a bank statement
Q6. Explain some of ISO standards that should be considered by the project manager during
project execution.
List the advantages of project management software.
Answer. Some of ISO’s most well-known standards are management systemstandards. They
provide a model to follow when setting up and operating a management system. Like all ISO
standards, they are the result of international, expert consensus. Therefore, by implementing a
management system standard, organizations can benefit from global management experience
and good practice.
Winter-2015
Get solved assignments at nominal price of Rs.125 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490