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DRIVE
Summer 2016
PROGRAM
MBADS (SEM 3/SEM 5)
MBAFLEX/ MBA (SEM 3)
PGDPMN (SEM 1)
SUBJECT CODE & NAME
PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT
Q1. a. Describe the characteristics of a project b. Explain the triple constraints in project
management(a. List and explain the characteristics ofa project b. State the meaning of constraints
Describe the triple constraints with the help of examples.) 6, 4
Ans: Characteristics of a Project: Every project has a unique goal, and it intends to serve some specific
objectives of an organisation. For example, highway projects undertaken by
construction organisations are different in terms of scope, time involved, and requirement of resources as
compared to any product development project undertaken by an organisation. However, general
characteristics
Q2: Write short notes on:
Project development
Project organisation
Factors affecting collection of market-related information
Term loans as a means of financing projects
(Project development, Project organization, Factors affecting collection of market-related
information, Term loans as a means of financing projects) 2.5, 2.5, 3, 2
ANSWER:
Project development: In this phase of project management lifecycle, the progress of the project is
monitored and controlled. This phase also provides a measure to ensure that the project deliverables meet
the expectations of customers or clients.
This phase is
Q3. Explain the L-M approach of SCBA.( a. Explain the L-M approach stating the basic
features of the approach b. State how to calculate the actual value of resources in this
approach) 5, 5
Ans: Little-Mirrlees approach: L-M approach was developed by I.M.D Little and J.A. Mirrlees, and is
similar to the UNIDO approach. The L-M approach is based on the assumption that the social cost of
using a resource is substantially different from the actual price paid for that resource due to market
imperfections. Therefore, in the LM approach, shadow price refers to the actual value of resources to the
society. The
Q4: Discuss the financing of a power project.
(Elucidate which are key project parties in a power project, Mention the key points of
PPA(Power Purchase Agreement),Discuss the 3-tier security payment mechanism )2,5,3
ANSWER:
Elucidate which are key project parties in a power project:
Government: The government is a key project party in an infrastructure project. It initiates the tendering
process, evaluates the tenders and grants sponsors the right to set up and operate the project.
Project
Q5: What do you understand by Procurement Planning? Discuss the various factors
affecting procurement planning. List out the tools and techniques used for procurement
planning.
Discuss Procurement Planning
ANSWER:
Procurement planning is the process of identifying the project requirements that can be acquired
at the best possible costs from external sources. It is required to decide:
The need for
Q6: What is the purpose of project evaluation? Which the four dimensions of the project
explain the purpose of project evaluation?
(Mention the purpose of project evaluation, List the four dimensions of the project that
explain the purpose of project evaluation, Discuss four dimensions of the project that
explain the purpose of project evaluation)1,1,8
ANSWER:
The purpose of project evaluation :
The purpose of project evaluation is to measure the “success” of a project. Accordingly, projects
are evaluated on the basis of the indicators of success or failure such as profitability,
competency, efficiency and future prospect. The success of a project has been defined by
different researchers through
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Pm0010 summer-2016

  • 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 DRIVE Summer 2016 PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1) SUBJECT CODE & NAME PM 0010 – INTRODUCTION TO PROJECT MANAGEMENT Q1. a. Describe the characteristics of a project b. Explain the triple constraints in project management(a. List and explain the characteristics ofa project b. State the meaning of constraints Describe the triple constraints with the help of examples.) 6, 4 Ans: Characteristics of a Project: Every project has a unique goal, and it intends to serve some specific objectives of an organisation. For example, highway projects undertaken by construction organisations are different in terms of scope, time involved, and requirement of resources as compared to any product development project undertaken by an organisation. However, general characteristics Q2: Write short notes on: Project development Project organisation Factors affecting collection of market-related information
  • 2. Term loans as a means of financing projects (Project development, Project organization, Factors affecting collection of market-related information, Term loans as a means of financing projects) 2.5, 2.5, 3, 2 ANSWER: Project development: In this phase of project management lifecycle, the progress of the project is monitored and controlled. This phase also provides a measure to ensure that the project deliverables meet the expectations of customers or clients. This phase is Q3. Explain the L-M approach of SCBA.( a. Explain the L-M approach stating the basic features of the approach b. State how to calculate the actual value of resources in this approach) 5, 5 Ans: Little-Mirrlees approach: L-M approach was developed by I.M.D Little and J.A. Mirrlees, and is similar to the UNIDO approach. The L-M approach is based on the assumption that the social cost of using a resource is substantially different from the actual price paid for that resource due to market imperfections. Therefore, in the LM approach, shadow price refers to the actual value of resources to the society. The Q4: Discuss the financing of a power project. (Elucidate which are key project parties in a power project, Mention the key points of PPA(Power Purchase Agreement),Discuss the 3-tier security payment mechanism )2,5,3 ANSWER: Elucidate which are key project parties in a power project: Government: The government is a key project party in an infrastructure project. It initiates the tendering process, evaluates the tenders and grants sponsors the right to set up and operate the project. Project Q5: What do you understand by Procurement Planning? Discuss the various factors affecting procurement planning. List out the tools and techniques used for procurement planning. Discuss Procurement Planning ANSWER: Procurement planning is the process of identifying the project requirements that can be acquired at the best possible costs from external sources. It is required to decide: The need for
  • 3. Q6: What is the purpose of project evaluation? Which the four dimensions of the project explain the purpose of project evaluation? (Mention the purpose of project evaluation, List the four dimensions of the project that explain the purpose of project evaluation, Discuss four dimensions of the project that explain the purpose of project evaluation)1,1,8 ANSWER: The purpose of project evaluation : The purpose of project evaluation is to measure the “success” of a project. Accordingly, projects are evaluated on the basis of the indicators of success or failure such as profitability, competency, efficiency and future prospect. The success of a project has been defined by different researchers through Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601