Pm0010 introduction to project management
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The document provides information on project management and its components, including project life cycles, project organization, and various financing methods. It outlines how to evaluate projects through social cost-benefit analysis and discusses types of procurement contracts. Additionally, it encourages students to send their semester and specialization details to obtain fully solved assignments.
Pm0010 introduction to project management
- 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 2014 PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM3) PGDPMN(SEM 1) SEMESTER FOURTH SUBJECT CODE & NAME PM 0010 – INTRODUCTIONTO PROJECT MANAGEMENT BK ID B1936 CREDIT & MARKS 4 CREDITS & 60 MARKS 1. Whatare phasesof project lifecycle? Answer: The project life cycle consists of four phases, initiation, planning, execution (including monitoringandcontrolling)andevaluation.The projectmanagerwillthencreate the followingplans: Resource Plan: to identifythe staffing,equipmentandmaterialsneeded Financial Plan: to quantifythe financial expenditurerequired Quality Plan: toset qualitytargetsandspecifyQualityControl methods Risk Plan: to identifyrisksandplanactionsneededtominimisethem Acceptance Plan: to specify 2 Write short noteson: (a)Projectdevelopment Answer: Project Management is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive,permanent,or (b) Project organisation: It is the way we deliver projects! Effective organisation is crucial to the successful deliveryontime,to budgetandto specification.However: How muchtime and attentiondowe reallypaytothistopic wheninitiatingnew projects? How much time and effort do we spend on improving the organisation, initiation and mobilisationof strategicprojects?
- 2. (c) Factors affecting collection of market-related information: When the company makes profits, you often receive a part of it. This is the idea behind dividends. Every year, companies distribute a small amount of profits to investors as dividends. This is the primary source of income for long-term shareholders – those who don’t sell the stock for years together. Different companies issue varied amountsof shareswhenthey (d) Term loans as a means of financing projects: The financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cashflow generated by the project. 3 Explain the concept of Social Cost Benefit Analysis (SBCA)? List the application of SBCA and describe the challengesinSBCA. Answer: Social cost-benefit analysis is a systematic and cohesive economic tool(method) to survey all the impacts caused by an urban development project. It comprises not just the financial effects (investment costs, direct benefits like tax and fees, et cetera), but all the social effects, like: pollution, safety, indirect (labour) market, legal aspects, et cetera. The main aim of a social cost-benefit analysis is to attach a price to as many effects as possible in order to uniformly weigh the above-mentioned heterogeneous effects. As a result, these prices reflect the value a society attaches to the caused effects, enablingthe decisionmakerto 4 Discuss the financingof a powerproject. Answer: Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', as well as a 'syndicate' of banks or other lending institutions that provide loans to the operation. They are most commonly non- recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling. The financing is typically secured by all of the project assets, including the revenue- producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a projectif the projectcompanyhas difficultiescomplyingwiththe loanterms. Generally, a special purpose entity is created for each project, thereby shielding other assets owned by a project sponsor from the detrimental effects of a project failure. As a special purpose entity, the project company has no assets other than the project. Capital contribution commitments by the owners of the project company are sometimes necessary to ensure that the project is financially sound or to assure the lenders of the sponsors' commitment. Project finance is often more complicated than alternative financing methods. Traditionally, project financing has been most commonly used in the extractive (mining),transportation,telecommunicationsindustriesaswell assportsand entertainmentvenues.
- 3. Risk identification and allocation is a key component of project finance. A project may be subject to a number of technical, environmental, economic and political risks, particularly in developing countries and emerging markets. Financial institutions and project sponsors may conclude that the risks inherent in project development and operation are unacceptable (unfinanceable). "Several long-term contracts such as construction,supply,off-take and 5 Explainthe typesof procurementcontracts. Answer:Procurementcontractscanbe broadlydividedintothree categories: FixedPrice Contract Cost Reimbursable Contract,and Time and Materials FixedPrice Contract A Fixed Price Contract is also known as a lump-sum contract. This type of contract is used when there is no uncertainty in the scope of work. Once the contract is signed, the seller is legally bound to complete the task withinthe agreedamountof m 6 What is the purpose of project evaluation? Which the four dimensions of the project explain the purpose of project evaluation? Answer:Projectevaluationobjectives: Analyse the processof implementation,focusingonparticipationof the community Analyse the impact or changes that have occurred within beneficiary households and the community Identifyproblemsandconstraintsthat Dear students get fully solved assignments Send your semester & Specialization name to our mail id : “ help.mbaassignments@gmail.com ” or Call us at : 08263069601