Pm0015 – quantitative methods in project management
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The document is an assignment request for MBA students, providing instructions to send their semester and specialization details for solved assignments via email or phone. It outlines various topics related to quantitative methods in project management, including business value models, parametric estimating, capital budgeting aspects, expense items in projects, and constructing a 'house of quality.' Several questions are presented for students to answer regarding these concepts.
Pm0015 – quantitative methods in 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 (Prefer mailing. Call in emergency ) DRIVE: SPRING 2017 PROGRAM: MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2) SUBJECT CODE & NAME: PM 0015 – QUANTITATIVE METHODS IN PROJECT MANAGEMENT BK ID: B2011 CREDIT AND MARKS: 4 CREDITS AND 60 MARKS Q1. Explain Business Value Models in detail Balanced scorecard model The Treacy-Wiersema model The Kano model Answer: The following business models in detail in the following section: Balanced scorecard model The balanced scorecard model defines four scoring areas for business value and was first published by Robert S. Kaplan and David P. Norton in an article, “The Balanced Scorecard – Measures that Drive Performance.” The model was developed as a replacement for earlier systems; those only included the financial perspective to measure performance. The Q.2: What isparametric estimating?Explainthe steps involvedinthe development of a parametric model. (Define parametric estimating (1.25 MARKS) Describe the 7 steps involved in the development of a parametric model 8.75 (1.25 marks for each step) Answer:
- 2. Define parametric estimating: Parametric estimating is an estimating technique that uses a statistical relationship between historical data and other variables, such as square Q.3: 1. what aspects of capital budgeting must be considered while selecting a project? 2. Suppose an investment requires an initial outlayof $5 millionand has expected the cash flow of $1 million, $3.5 million, and $2 million for the first three years. a. Calculate: The net present value using a 10% required rate of return Profitability Index using a 10% required rate of return b. Also suggest if the project must be accepted. 1. Explain the 4 aspects of capital budgeting that must be considered while selecting a project. 4 (1 mark each) 2. a. calculation of net present value (2 MARKS) Calculation of profitability index (2 MARKS) b. Mention ifthe project must be selectedand give reasons why it shouldbe project be selected/not selected (2 MARKS) Answer: 1. Explain the 4 aspects of capital budgeting that must be considered while selecting a project: An organisation needs to consider the following aspects of capital budgeting while selecting a project: Growth of the organisation: This implies that a project should be selected after considering the overall profit and market share of the organisation. An incorrect decision regarding project selectioncan affect the profitability ofthe organisation. The growth of the Q.4: Explain the various expense items in a project. (List the various expense items in a project (1 MARKS) Describe each expense with suitable examples 9 (3 marks for each expense item)
- 3. Answer: List the various expense items in a project: Direct and indirect costs Variable Q5. 1. Determine the average amount of bricks laid over a six-month period by 1 bricklayer. Collected information on the amount of bricks laid per month: January 21,000 February 23,500 March 22,000 April 24,000 May 26,000 June 25,000 2. Consider the sales figures of the Bricklayer Company over the period of 6 months, as shown in the table: Month No of Sales January 20 February 20 March 16 April 20 May 21 June 27 Determine the average amount of bricks laid over a six-month period by 1 bricklayer. Consider the sales figures of the Bricklayer. Answer: 1. Mean = 21,000 + 23,500 + 22,000 + 24,000 + 26,000 + 25,000 = 141500 The total number of mean Q.6: What are the steps that should be followedto construct a “house of quality”? (Explain the 5 steps that should be followed to construct a house of quality) 10 Answer: Explain the 5 steps that should be followed to construct a house of quality: The following steps need to be followed to construct a house of quality: Step-1 Voice of the customer: This step includes determining and identifying the customer’s needs. The main objective of this step is to translate the needs of every customer into engineering specifications. Customers buy products that have the
- 4. Dear students get fully solvedassignments Sendyour semester &Specializationname toour mail id : “ help.mbaassignments@gmail.com” or Call us at : 08263069601 (Prefer mailing. Call in emergency )