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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
ASSIGNMENT
DRIVE FALL 2017
PROGRAM Masters of Business Administration - MBA
SEMESTER II
SUBJECT CODE & NAME MBA206 - Project Management
BK ID B1627
CREDITS 4
MARKS 60
Note: Note –The Assignment is divide into 2 sets. You have to answer all questions in both sets.
Average score of both assignmentsscoredby you will be consideras your IA score.Kindlynote that
answers for 10 marks questions should be approximately of 400 words.
ASSIGNMENT SET-1
Question. 1. Define Project Management Body of Knowledge
(PMBOK). Detail nine knowledge areas of Project Management Body
of Knowledge (PMBOK).
Answer: There’s a lot to learn as a project manager! A Guide to the Project Management Body of
Knowledge (PMBOK® Guide) – Fifth Edition breaks down what project managers need to know to
successfully pass their PMP® exam and also be effective in the role.
There are 10 projectmanagementknowledge areascoveredbythe PMBOK® Guide.Theycover each
of the 47 project management processes. This
Question. 2. Elaborate five project life cycle phases.
Answer: Project management broadly refers to the process and related activities of planning,
organizing and controlling resources to achieve specific goals. Projects are usually constrained by
factors such as scope, budget and time, requiring the project management functionto optimize the
allocation of resources and properly integrate them to overcome these constraints and meet
predefinedobjectives.Managingprojectactivitiescanbe seenasasequenceof stepstobe completed,
in line with the five phases that define the project life cycle.

2. 1. Initiation:Projectinitiationstartsthe projectlife cycleandinvolvesassemblingateamheaded
bya projectmanagerandprovidinganoverview ofthe project.Theoverview typicallyincludes
defining the reason for the project, business goals and the strategy to achieve the desired
results.Inaddition,a preliminaryscope,budgetproposal,milestonesanda completiondate
are given.
Question. 3. Define the determination of the Critical Path
Answer: Critical Path is a term from the field of project management describing a set of tools and a
methodology.
The technical definitionof the critical pathinasequenceof networkedworkpackagesisthe pathwith
the leastamountof slack.Inpracticalterms,thispathisthesequence of eventsthatif anyare delayed,
will delaythe entire project.Andinevensimplerterms,the critical pathisthe sequence of tasksthat
will take the longest to complete to deliver the project.
ASSIGNMENT SET-2
Question. 1. Illustrate strategies to control the project risk.
Answer:The thingsthatmightgowrongare calledprojectrisks,andawise projectmanageridentifies
themearlyat the beginningof the projectsothathe or she can do somethingaboutthem.Of course,
riskmanagementisan ongoingactivity,soyoushouldcarryon identifyingandrecordingnew risksas
they come up.
Creatingalistof risksisa goodstartingpoint,butitisn’tenoughinitself.Youalsoneedanactionplan
per risk in order to be able to manage them
Question. 2. Detail the planning process of PMIS.
Answer: Project Management Information System (PMIS) are system tools and techniques used in
projectmanagementtodeliverinformation.Projectmanagersuse the techniquesandtoolstocollect,
combine and distribute information through electronic and manual means. Project Management
InformationSystem(PMIS)isusedbyupperandlowermanagementtocommunicatewitheachother.
Project Management Information System (PMIS) help plan, execute and close project management
goals. During the planning process, project managers use PMIS for budget framework such as
estimating costs. The Project Management
Question. 3. What is Project Performance Evaluation? Elaborate
types of project performance evaluation.
Answer: In orderfor businessesto successfullyinitiate,developandcomplete projects,theyneedto
recruit,hire andtrain people withsolidprojectmanagementskills.The businessworldisspeedingup
and product lifecycles are much shorter. This is forcing organizations to start new projects at an

3. increasing rate. However, as projects become more complex, project failures, delays, and missed
deadlines are becoming increasingly common.
One of the mainfactors leadingtothe increasingcomplexityof projectsisthe rise of globalization.It
isa challengingtaskfororganizationstooperate andcoordinate projectsindifferentcountriesaround
the world due to differences in time
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601