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1. ASSIGNMENT
DRIVE SPRING DRIVE 2015
PROGRAM MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER II
SUBJECT CODE & NAME MB 0049 - PROJECT MANAGEMENT
BK ID B1632
CREDITS AND MARKS 4 CREDITS, 60 MARKS
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q. 1. Write Short notes on:
1. PERT model: CPMuses a fixed time estimate for each project activity. While easy to understand
and use,itdoesnot take account of the time variationsthat can impact on the completion time of a
complex project.
2. CPM model:Cost per mille (CPM), also called cost ‰ and cost per thousand (CPT) (in Latin mille
meansthousand), is a commonly used measurement in advertising. Radio, television, newspaper,
magazine, out-of-home advertising,
Q. 2. Define project type organization and discuss in detail.
Answer:The Project Organization defines the human infrastructure of the project. This task is
designed to define the project organization chart, the roles, and the relationships of the project
team. The organizational structure clearly identifies roles and responsibilities of each position,

2. Q. 3. Answer the following questions:
1. Mention the steps involved in a competitive bid.
2. Mention the elements/points that must be kept in view when designing , developing and
operating a PMIS (Project Management Information System)
Answer: 1. If yourun a small business,youmight engage in the bidding process regularly. Whether
youare the one acceptingthe bidsor you have to bidon jobs,the basicstepsare typically the same.
Completingthe biddingprocessinthe propermannercouldbe the difference between getting a bid
or looking for work.
Specifications:The firststepinthe biddingprocessdealswith coming up with the specifications for
the job.
Answer: 2. Accomplishinganytask,particularlyone involving multiple volunteers scattered around
the country or world, is always easier when standards are in place. A strong advocate of
standardization and project management,
Initiate. The initiation process authorizes the overall project or the next phase of a project. In this
phase
Q. 4. Discuss the major contents of the project’s final report
Explain the purpose of the project final report
it should contain
Answer: The final projectreportisthe lastthing to do during the project closure. The main purpose
of the final project report is to make an assessment of the project from the organization's
perspective (e.g. an internal assessment) by answering the following questions:
 Was the project successful? Can we consider the project a success according to our success
criteria?
• Introduction
Q. 5. Write short notes on
1. Role of risk management in overall project management: Effective risk management strategies
allow you to identify your project’s strengths, weaknesses, opportunities and threats.
Plans: Risk management plans contribute to project success by establishing a list of internal and
external risks.
2. Quality assurance:Quality Assurance (QA) is a way of preventing mistakes or defects in
manufacturedproductsandavoidingproblemswhen delivering solutions or services to customers;
which ISO 9000 defines as "

3. Q. 6. What are the common features of project management software?
Answer:Projectmanagementsoftware hasthe capacitytohelpplan,organize,andmanage resource
pools and develop resource estimates. Depending on the sophistication of the software,
Common features of project management software
Whenit comesto choosingprojectmanagementsoftware,there are manythingstoconsider.Notall
the projects may utilize all…….:
1 – Collaboration: The projectmanagement software should facilitate the team collaboration. This
meansthat the relevantstakeholdersof the projectshouldbe able to access and update the project
documents whenever they want to.
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Send your semester & Specialization name to our mail id :
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or
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