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1. Dear students get fully solved assignments
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PROJECT MANAGEMENT
Total Marks: 100
Note: (i) Attempt any three questions from Section A, eachcarrying 20 marks.
SECTION A
Question.1.DetailedProject Report (DPR) forms the foundationon whichthe entire superstructure
of the project is built - "If it is weak,project cannot weather turbulent times ahead." Bring out
thedo's and don'ts of a good DPR.(20 Marks)
Answer:A project plan, according to the Project Management Body of Knowledge, is: "...a formal,
approveddocumentused to guide both project execution and project control. The primary uses of
the project plan are to document planning assumptions and decisions, facilitate communication
among stakeholders, and document approved scope, cost, and schedule baselines. A project plan
may be summarized or detailed.".
Question.2. Explain the following methods of forecasting demand(20mrks)
(a) Exponential Smoothing
(b) Adaptive Exponential Smoothing
(c) Exponential Smoothing with trend and seasonal data
(d) Double Exponential Smoothing
Answer: Demandforecastingis the artand science of forecastingcustomerdemandto drive holistic
execution of such demand by corporate supply chain and business management. Demand
forecasting involves techniques including both informal methods, such as educated guesses, and
quantitative methods, such as the use of

2. (a) Exponential Smoothing
Exponential smoothingisarule of thumbtechnique for smoothing time series data, particularly for
recursively applying as many as three low-pass filters with exponential window functions. Such
techniques have broad application that is not intended to be strictly accurate or reliable for every
situation. It is an easily learned and easily applied procedure for approximately calculating or
recalling some
(b) Adaptive Exponential Smoothing
Adaptive exponential smoothing models are designed to improve performance by letting the
smoothingparametervaryaccordingtothe mostrecentforecastingaccuracy.Thispaper argues that
the constant exponential smoothing results used in two comparative studies are inadequate as
benchmarks. A
(c) Exponential Smoothing with trend and seasonal data
It is straightforward to perform seasonal adjustment and fit exponential smoothing models using
Excel. The screen images and charts below are taken from a spreadsheet which has been set up to
illustrate multiplicative seasonal adjustment
(d) Double Exponential Smoothing
Forecasting formula: The one-period-ahead forecast is given by:
Ft+1=St+bt.
The m-periods-ahead forecast is given by:
Ft+m=St+mbt.
Example
Consider once more the data set:
6.4, 5.6, 7.8, 8.8, 11
Question.3. Why do we need different types of cost estimates inprojects? Discuss five such
estimates. On what factors is theirlevel or degree of accuracy dependent? (20mrks)
Answer: A cost estimate is the approximation of the cost of a program, project, or operation. The
cost estimate isthe productof the cost estimatingprocess.The costestimate hasasingle total value
and may have identifiable component values.

3. Question.4. Why is a Project Management Information System ofimmense importance in a
project? Discuss the objectives ofProject Management Information System. In designing aProject
Management Information System what parameters areto be spelt out clearly? (20mrks)
Answer:The explosioninthe computingfieldinthe last twenty years forced the organisations to be
computerisedforachievingmostof theiroperationsusingInformationTechnology(IT) systems. The
implementation of the systems requires a management program for the IS applications
development.
It issupposedthatthe toolsand techniquesusedinsuchISprojectswill differ independently based
on the projects’ requirements. The roles and responsibilities of each contributor to the projects
differ as well. The organisations responded to this new
Question.5.Explain the importance of "ProjectReview" inthe context ofcontrol of a project. What
are the elements of controls inprojects? How is cybernetics concepts applied to
projectmanagement? (20mrks)
Answer:This Project Management Review form helps you document the results of your Project
Review, at the end of the Execution Project Phase.
The ProjectManagementReviewisconductedtomeasure the deliverablesproducedby the project,
and the resultsof the revieware documentedonthisProjectReviewFormwhichispresented to the
sponsor for approval.
Project Reviews are conducted at the end of the
SECTION B
(ii) Section B is compulsory and carries 40 marks.
Question.6.The activities,duration and direct activity costs are givenbelow.The indirect cost is Rs.
3000 per week.Starting fromthe normal duration obtain the crash cost and duration of theproject.

4. Activity
Time inWeeks Cost Cost to Expedite
per week
(Cost slope)Normal Crash Normal Crash
1 - 2 2 2 3000 3000 ---
2 - 3 4 3 4000 5000 1000
2 - 6 8 8 6000 6000 ----
3 - 4 3 2 2000 3500 1500
3 - 5 2 2 2000 2000 ----
4 - 6 4 3 4000 5000 1000
5 - 6 3 3 4000 4000 ----
6 - 7 8 5 8000 12000 1333
Answer: Shortening the duration on an activity will normally increase its direct cost. A duration
which implies minimum direct cost is called the normal duration and the minimum possible time
tocomplete anactivityiscalledcrashduration,butat a maximumcost.The linearrelationshipshown
above between these two points implies that any intermediate duration could also be chosen.
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