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ASSIGNMENT
DRIVE FALL 2014
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE &
PM 0010 – INTERDUCTION TO PROJECT MANAGEMENT
NAME
BK ID B1936
CREDITS 4
MARKS 60
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 Describe the principles of project management.
Answer : More specifically, what is a project? It’s a temporary group activity designed to produce a
unique product, service or result.
A project is temporary in that it has a defined beginning and end in time, and therefore defined scope
and resources.
And a project is unique in that it is not a routine operation, but a specific set of operations designed to
accomplish a singular goal. So a project team often
Q:2 Define what is project scope. Describe the elements of project scope
ANSWER: Definition of project scope

2. Project scope is the part of project planning that involves determining and documenting a list of specific
project goals, deliverables, tasks, costs and deadlines. he documentation of a project's scope, which is
called a scope statement, terms of reference or
Q:3 Write short notes on:
ANSWER: Force field analysis
Force Field Analysis is a useful decision-making technique. It helps you make a decision by analyzing the
forces for and against a change, and it helps you communicate the reasoning behind your decision.You
can use it for two purposes: to decide
Product mix analysis
ANSWER: When I first began studying operations research/management science techniques in the
mid-1970s, a simple product mix optimization problem was the first example used in Hillier and
Lieberman's best selling text "Operations Research" to illustrate the power of linear programming. The
concept of product mix analysis is simple to
Financial feasibility of a project
The feasibility study is an evaluation and analysis of the potential of a proposed project which is based
on extensive investigation and research to support the process of decision making.
Financial feasibility
In case of a new project, financial viability can be judged on the following parameters:
 Total estimated cost of the project
Capital rationing
Capital rationing is a strategy used by organizations attempting to limit the costs of their own
investments. Typically, a company engaging in capital rationing has made unsuccessful investments of
capital in the recent past and would like to raise the return on those investments prior to engaging in
new business.
Why Ration Capital
Q:4 What are the sources of differences, for which social costs and benefits of project are estimated

3. ANSWER: Explain the rational of Social cost benefit analysis
Social Cost Benefits Analysis means to analyze the social cost and total social benefits if we accept any
project. We all know that for completing the big project, we need big investment. In social cost benefit
analysis (SCBA), we see whether return or benefits on this investment are more than its cost from point
of view of society in which we are living.In public investment, we analyze and compare government
expenditure with total benefits to society through SCBA.
Q:5 Explain the corporate governance practices in infrastructure projects.
ANSWER: This article seeks to examine the specific issues and concerns pertaining to corporate
governance in the infrastructure sector more generally, and in India in particular. It identifies three key
relationships and issues therein. First, corporate governance framework defines the manner in which
managers of infrastructure companies can be incentivized to demonstrate optimal performance so as to
benefit shareholders and lenders. Second, the infrastructure sector in India is vulnerable to the ill-effects
of related party transactions that put external or minority shareholders at a disadvantage compared to
the insider shareholders or promoters
Q:6 Write short notes on:
ANSWER: Expert judgment (a tool used in procurement planning
Expert judgment is an approach for soliciting informed opinions from individuals with particular
expertise. This approach is used to obtain a rapid assessment of the state of knowledge about a
particular aspect of climate change. It is frequently
Project audit
The term "project audit" can be interpreted in different ways. Key is understanding the concerns of
management in performing the audit. Are they most concerned about cost, schedule, scope or quality?
Is the audit of the project, the project management methods used
Statistical Quality Control (SQC)
Statistical process control (SPC) is a method of quality control which uses statistical methods. SPC is
applied in order to monitor and control a process. Monitoring and controlling the process ensures that it
operates at its full potential. At its full potential, the process

4. Project termination by extinction
Project termination is one of the most serious decisions a project management team and its control
board have to take. It causes frustration for those stakeholders who sincerely believed - and in most
cases still believe – that the project could produce the results they expected, or still expect. The project
manager and his or her team members, very important
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
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