SMU MBA SPRING 2016-2017

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DRIVE SPRING 2016
PROGRAM MBA
SEMESTER II
SUBJECT CODE & NAME MB 0049 - PROJECT MANAGEMENT

1 Write Short notes on:

1. PERT model
2. CPM model
Answer: PERT model
A PERT chart is a project management tool used to schedule, organize, and coordinate tasks
within a project. PERT stands for Program Evaluation Review Technique, a methodology
developed
2 Explain Project Life Cycle in detail?
Project Life Cycle
Answer: The Project Life Cycle
A rational order of activities that are applied to attain the projects goals or objectives is
known as the project life cycle. Most projects experience similar stages on the path from
origin to
3 Answer the following questions:
1. Mention the steps involved in a competitive bid.
2. Mention the elements/points that must be kept in view when designing , developing
and operating a PMIS (Project Management Information System)
1. List the 5 steps involved in a competitive bid
2. List the 5 elements/points that must be kept in view when designing , developing and
operating a PMIS
Answer: Competitive bid (bid and award)
The steps involved in competitive bid are discussed below:
1. The bid or tender is invited from a required number of suppliers.
2. The bid

4 Discuss the major contents of the projects final report

Explain the purpose of the project final report
List suggested content of project final report
Explain each content and what it should contain
Answer: The final Project Report (PR) should be written by the project manager himself. The
PR should present project evolution, its success, its management, any outstanding and team
recommendation. Frigenti et al quotes Meredith and Mantel on the intents of the project final
report as, The final report is not another evaluation, rather it is the history of the project. It is
the
5 Write short notes on
1. Role of risk management in overall project management
2. Quality assurance
Answer: Role of Risk Management in Overall Project Management
Risk analysis and management is a process which enables the analysis and management of
the risks associated with a project. Properly undertaken, it will increase the likelihood of
successful completion of a project to cost, time, and performance objectives. There are a lot
of benefits of

6 Explain Earned Value Method (EVM) in detail? How can a project manager manage
the Project Schedule if team members dont accurately report when they are behind?
Explain Earned Value Method (EVM)
How can a project manager manage the Project Schedule if team members dont
accurately report when they are behind
Answer: The Earned Value Method (EVM) is a useful tool that allows the calculations of cost
and schedule performance measures including cost variance, schedule variance, cost and time
over-runs for

SMU MBA SPRING 2016-2017

Dear Students,
SMU MBA SPRING 2016 Assignments are available. For Booking ,Kindly
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