Sub project management
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The document provides instructions for students on how to submit assignments for a project management course, detailing the structure and key questions of the assignments. It covers various aspects of project management, including demand forecasting methods, cost estimation types, the importance of project management information systems, and project reviews. Students are required to respond to specific questions related to these topics for examination purposes.
Sub 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 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. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : “ help.mbaassignments@gmail.com ” or Call us at : 08263069601