SMU MBA SUMMER 2015 -2016

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DRIVE
Summer 2015
PROGRAM
MBAFLEX/ MBA (SEM 3)
SUBJECT CODE & NAME
PM0011 PROJECT PLANNING AND SCHEDULING

Q1. Write short note on: 10 (5 marks each)

Project Rating Index(PRI)
Scope change control
Answer:
Project Rating Index (PRI): In the previous section, you studied about the initial screening of
project ideas. Proper screening of project ideas plays an important role in ensuring the selection
of the right project idea by an organisation. Once an organisation completes the initial screening

of project ideas, it should then focus on evaluating the desirability of the shortlisted project ideas.
For this purpose, an

Q2. Budget Estimation of ABC Company Ltd.

ABC Company Ltd., established in 1985, is engaged in the manufacturing of leather
accessories. Over the years, the company, which started out as a local firm, has made its
mark as an international corporation. However, the company is still working as a
traditional set up.
The high quality and durability of products have increased the demand of the products in
the market. As the production of the organisation is being increased to meet the demand,
the traditional set up is creating hurdles in the production process.
Organisation conflicts have arisen among the team members because of the unorganised
hierarchical structure of the company, which is affecting the output of the organisation.
Now that the management has decided to expand the business and opened up branches
abroad, the company is facing two more problems. The first problem is in budgeting as the
company is unfamiliar with international market conditions, strategy, and business policy
while the second problem is conflicts at the time of team formation due to lack of
experience of and exposure to multinational work culture, which has further affected the
output of the company.
The company can estimate the budget through two methods, the bottom - up approach and
the top - down approach. The bottom -up approach is generally followed by the MNCs as it
is more accurate and reliable.
Mr.Parag has been appointed as the country head of the company and he has also been
assigned the responsibility of incorporating the advanced project set up in the organisation.
Questions:
1. Which project estimation approach should be used by the company and why?
2. What type of project organisation structure should be used by the company and why?
(1. Argue the pros and cons of each project estimation approach, Recommend the project
estimation approach that best suits the company, List the reasons for your decision by
mentioning the data from the case) 2, 1, 2
(2. Describe the existing organisation structure
List the disadvantages of this structure, Recommend the project organisation structure that
should be used by the company, Give you reasons for recommending this structure based

on, the data given in the case and your knowledge on the FIVE organizational structures.)
1, 1, 1, 2
Answer:
1.
Estimates provide the basis for a business to secure work that clients wouldn't award without a
sense of the costs their projects can engender. two types of estimation approaches are used in
Q3. What is the importance of operational feasibility? Explain the factors that affect
operational feasibility. (Mention the importance of operational feasibility, Discuss the
FOUR factors that affect operational feasibility) 2, 8
Answer: Operating Feasibility: In the previous units, you have come to understand that
feasibility study of a project is very important from the point of view of an organisation as it
enables an organisation to assess whether the proposed project is capable of achieving the
desired goals and objectives. Operational feasibility is a part of project feasibility study, wherein
an organisation analyses the extent to which a proposed project is appropriate for the existing
business environment and the organisational objectives. An operational feasibility analysis helps
an organisation in
Q4.Write short notes on: 10 (5 marks each)
Monte Carlo analysis
Work break down structure
Answer: Monte Carlo analysis: Monte Carlo simulation is a problem-solving technique that is
used to represent the probability of certain outcomes by running a number of trial runs (called
simulations) and using random variables. This technique was introduced by John von Neumann,
Stanislaw Ulam, and Nicholas Metropolis while they were working on the atomic bomb in the

Q5. What do you understand by cost of quality? Elaborate on various types of costs of
quality associated with a project. (Write the meaning of cost of quality, Briefly explain each
types of costs of quality associated with a project) 1, 9
Answer: Cost of Quality (COQ): Cost of quality indicates the sum of conformance cost and
non-conformance cost. Conformance means delivering products that meet the quality
requirement of the customer; whereas, non-conformance indicate the products that are rejected
for not complying with the quality norms of the customer. In other words, cost of quality can be
referred

Q6. Explain some of ISO standards that should be considered by the project manager
during project execution. List the advantages of project management software. (Discuss the
FOUR ISO standards that should be considered by the project manager during project
execution, List any four advantages of project management software) 8, 2
Answer: FOUR ISO standards that should be considered by the project manager during
project execution: International Organisation for Standardisation, whose abbreviated form is
ISO, is located in Geneva, Switzerland. ISO was founded in the year 1947, and is one of the
worlds largest developers of International Standards. It has a membership of more than 158
National Standards Institute of various countries across the world. ISO is responsible for
developing standards that can be used as guidelines or benchmarks during the production or
development of

SMU MBA SUMMER 2015 -2016

Dear Students,

SMU MBA SUMMER

Booking

,Kindly

2015-2016 Assignments are available. For

mail

us

on kvsude@gmail.com OR call

us to +91 9995105420 or S M S your Email ID us in the

following Format On +91 9995105420 we will reach back you
with in 24H