Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601

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 SPRING 2016
PROGRAM MBA
SEMESTER III
SUBJECT CODE & NAME PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT
BK ID B1936
CREDIT & 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.
Question.1. Define project and also elaborate different
characteristics of a project?What do you understand by Project
Management and also discuss itsobjectives?
Answer:Problemsarise ineveryorganization.Suchproblems as what products/systems to develop,
should capacity be expanded, or should a computer be purchased are just a few of an endless
number of continuing problems about which management must concern itself if the firm is to
survive.These problemsandtheiralternative solutions establish some elements of change around
whichthe organizationmustadapt.Projectsare generallyestablishedtocarryout these changesand
someone is always responsible for each project's successful completion.
In the past, a company typically decided to undertake a
Question.2. Explain in detail the stages of Project Management
Lifecycle withexamples?
Answer:The project manager and project team have one shared goal: to carry out the work of the
projectforthe purpose of meetingthe project’sobjectives. Every project has a beginning, a middle
periodduringwhichactivitiesmove the projecttowardcompletion, andanending(eithersuccessful
or unsuccessful).A standardprojecttypicallyhasthe followingfourmajorphases (each with its own
agendaof tasksand issues):initiation,planning,implementation,andclosure.Takentogether,these

2. phasesrepresentthe pathaprojecttakesfromthe beginningtoitsendandare generallyreferredto
as the project “life cycle.”
InitiationPhase: Duringthe firstof these phases,the initiationphase, the project objective or need
isidentified;thiscanbe a businessproblemoropportunity. An appropriate response to the need is
documentedinabusinesscase withrecommendedsolutionoptions.A feasibilitystudy is conducted
to investigate whether each option addresses the
Question.3. Explain the various types of project plans?
Write a short note on Financial Feasibility of a Project?
Answer:Projectplanningispartof projectmanagement, which relates to the use of schedules such
as Gantt charts to plan and subsequently report progress within the project environment.Initially,
the project scope is defined and the appropriate methods for completing the project are
determined.Followingthisstep,the durationsforthe varioustasks necessary to complete the work
are listedandgroupedintoa work breakdown structure. Project planning is often used to organize
differentareas of a project, including project plans, work loads and the management of teams and
individuals. The logical dependencies between tasks
Question.4. Discuss any two types of Capital Budgeting Techniques
in Projectselection?
What are the activities performed by procurement management?
Answer:Capital budgeting, or investment appraisal, is the planning process used to determine
whetheranorganization'slongterm investments such as new machinery, replacement machinery,
new plants, new products, and research development projects are worth the funding of cash
through the firm's capitalization structure (debt, equity or retained earnings). It is the process of
allocating resources for major capital, or investment, expenditures. One of the primary goals of
capital budgeting investments is to increase the value of the firm to the shareholders.
Many formal methods are used in capital budgeting, including the techniques such as
Question.5. Discuss the concept and objectives of project
evaluation?
Briefly explain the Planning-Monitoring-Controlling (PMC) Cycle?
Answer:Projects need to demonstrate clear goals, objectives and viability - with measurable
outcomesandindicators.Thisdocument provides you with the preliminary planning framework to
help you build such a project.
There are essentially three phases in a project lifecycle:

3. Phase 1: Needs assessment
Your group knows there are some crime problems/
Question.6. Discuss the importance of controlling and types of
control?
Explain the different types of Project Termination?
Answer:Control may be grouped according to three general classifications:[3]
 The nature of the informationflow designedintothe system (open- or closed-loop control)
 The kind of components included in the design (man or machine control systems)
 The relationship of control to the decision process (organizational or operational control).
Open- and closed-loopcontrol:A street-lightingsystemcontrolledbya timing device is an example
of an open-loop system. At a certain time each evening, a mechanical device closes the circuit and
energy flows through the electric lines to light the
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601