INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN

INTEGRATED MANAGEMENT (STAGE-4)

INSTITUTE OF COST AND MANAGEMENT

ACCOUNTANTS OF PAKISTAN
VISION
“To be the Preference in Value Optimization for Business”.

MISSION STATEMENT
“To develop strategic leaders through imparting quality education and training in
Management Accounting, to continually set and upgrade professional standards and to
conduct research, bringing value-addition to the economy”.

Assignment Questions (Spring-2011 Session)

Integrated Management
Stage – 4
INSTRUCTIONS:

1. A student who takes admission in Correspondence Course shall be required to complete all
assignments of his respective group subjects within the same session, i.e. May – November
or November – May, he/she is enrolled. If he/she fails to complete 100% assignments within
that session, he/she shall be required to re-enrol himself/herself in the next session after
making payment of 100% correspondence course fee.
2. Each assignment is allocated a total of 100 marks.

3. The student must obtain 50% marks in each assignment and if he fails to obtain the said
percentage of marks, he/she has to re-write and resubmit the assignment within one week,
otherwise he/she will not be eligible to appear in the examination.
4. 100% assignments of all subjects must be submitted in the session in which the examination
is to be taken. The last date for submission of 100% assignments for May Examination is 20th
March and for November Examination is 20th September. Those students who are not
appearing in the particular examination may, however, submit the assignments latest by 15th
May and 15th November.
5. You are required to pay Annual Subscription of Rs.700/- during July – December each year
to avoid payment of Restoration Fee of Rs.1500/-.

6. Examination Fee is payable during March 1 – 20 for May Examination and September 1 – 20
for November Examination. Examination forms can be collected from any ICMAP Centre.
7. Assignments would not be accepted after due date.
 INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN

INTEGRATED MANAGEMENT (STAGE-4)

ASSIGNMENT NO. 1

Q. 1. What is strategic management? What are the three levels of strategy and how are they different?
Explain with flow diagram.

Q. 2.
a) Is an organization’s mission the same as its objectives? Explain how strategy relates to
objectives and mission?
b) How objectives are important and helpful in focusing organization to strategies?

Q. 3. Outline the major components of strategic management process. Explain how this processes likely
to benefit the organization.

Q. 4.
(a) Distinguish between the vision and mission statement of a company.
(b) Explain the Michael Porter’s ‘five force’s corporate strategy with the help of diagram.

ASSIGNMENT NO. 2

Q. 1.
(a) What are the major elements of organizational or corporate culture, what is the relationship
between corporate success and corporate culture?
(b) What is multiculturalism? What are the barriers to adapting a corporate culture in a
multicultural world?

Q. 2. Under what circumstances would you advise a change in corporate culture and what types of
actions can change culture.

Q. 3.
(a) What do you understand by the concept of ‘corporate social responsibility’ and what actions of
an organization classified as social responsibility.
(b) How it is helpful in external image building of an organization.

Q. 4. How is broad environment different from competitive environment? Describe various components
of broad and competitive environment.

ASSIGNMENT NO. 3

Q. 1.
(a) What is the difference between strategic management and strategic planning?
(b) What are the steps involved in formulating objectives of an organization.

Q. 2. How does the strategy formulation differ from that of strategic implementation?

Q. 3. What are the key terms in ethics? What are the four levels to ethical questions in business?

Q. 4.
(a) What kinds of strategic controls are used in organization?
(b) What are the advantages and shortcomings of budgets when used?

ASSIGNMENT NO. 4

Q. 1. What is project and project management? What are the characteristics of a project?
Q. 2.
(a) What do you understand by ‘The Project management knowledge areas’? Explain briefly.
(b) What are the areas of expertise needed by the project management team?
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INTEGRATED MANAGEMENT (STAGE-4)

Q. 3. What is Project Management Office, and what are its functions and role in project management?

Q. 4. Who are Project Stakeholders and how do they influence on the execution and completion of a
project.

ASSIGNMENT NO. 5

Q. 1. What are the stages involved in project life cycle? Which activities will be carried out at each
stage?

Q. 2. What is meant by project management plan? What are its essential elements?

Q. 3. Discuss the areas, which should be assessed during the feasibility study of a project.

Q. 4. Discuss the SWOT analysis in the context of strategic management.

ASSIGNMENT NO. 6

Q. 1.
(a) What are the advantages of using Project Management Software?
(b) Describe the framework for project management with special reference to Maylor’s 7s’ Model?

Q. 2.
(a) What areas of performance a project team must emphasize upon to enhance its capabilities.
(b) Do you think that conflict (difference of opinion) within a project team has positive effect? Give
you views?

Q. 3.
(a) Discuss with example what is Work Breakdown Structure (WBS)? How does WBS difference
from the project network?
(b) Why is critical Path / Network analysis criticized? Describe any four reasons.

Q. 4. Describe the major components of risk management process.

ASSIGNMENT NO. 7

Q. 1.
(a) What do we mean by informal organizational structure? Why is it important?
(b) Under what conditions would a matrix structure be most suitable? What are its advantages
and disadvantages?

Q. 2. What do you understand by leadership? Discuss Fiedler’s contingency model of leadership

effectiveness?

Q. 3. What are the basic differences between systematic and informal appraisal? What are the four
basic appraisal approaches?

Q. 4. What is the difference between training and development?

ASSIGNMENT NO. 8

Q. 1. Discuss the levels of management and types of skill required by different levels of management
explain with the help of diagram.

Q. 2. What are the basis of power? Give one example of a manager’s exercise of each type of power?
 INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN

INTEGRATED MANAGEMENT (STAGE-4)

Q. 3. What are the two major views of authority? How do you think each view would affect a manager’s
attitude and behavior towards employees?

Q. 4. What is the difference between line positions and staff positions?

ASSIGNMENT NO. 9

Q. 1. Do you agree with the assertion that “Political behavior is inevitable in organizational settings”?
Justify you answer.

Q. 2. How many basic external stakeholders are? Discuss each in detail?

Q. 3. Discuss the composition of different layers of external environment?

Q. 4.
(a) Define a team. What are two basic approaches to the organization of teamwork?
(b) Identify and explain the four stages of development of the team as identified by the Tuckman.

ASSIGNMENT NO. 10

Q. 1. What are the hierarchies of strategic and operational plans at a multi business organization?
Explain with the help of the flow chart.

Q. 2. What are the ways that competitive advantage can be gained at the corporate level.

Q. 3. What is project management process, and what are project management process groups required
for any project.

Q. 4.
(a) How do control systems reinforce strategy?
(b) How corporate portfolio is approached? What role does Boston Consulting Group (BCG)
matrix play in designing the corporate portfolio?

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