Master of Business Administration-MBA Semester 3 Project Management PM0011 - 4 Credits (Book ID: 1237) Assignment Set- 1 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions. Q.1 Explain the following a. Rolling wave planning
a. Rolling wave planning : Rolling Wave Planning is a technique that enables us to plan for a project as it unfolds. Therefore, Rolling Wave Planning requires us to plan iteratively. The planning technique is very similar to those used in SCRUM or other Agile Methodologies. Essentially, when we use Rolling Wave Planning, plan until we have visibility, implement, and then re-plan. For example, suppose we expect to complete the project in eight months, but only have clarity for the first three months. Then, we would plan only for these three months. As the project progresses and we gain more clarity, we would then plan for the remaining months. The Rolling Wave Planning technique uses progressive elaboration, which is the act of elaborating the work packages in greater detail as the project unfolds.

Rolling Wave Planning does not exempt us from creating a list of milestones and assumptions for the entire project. As a matter of fact, it is necessary to provide key milestones and assumptions as it will help stakeholders see why we are using Rolling Wave Planning and what to expect as the project progresses.

Usage of Rolling Wave Planning in Project Management : Rolling Wave Planning is used when we just dont have enough clarity to plan in detail the entire project. This lack of clarity could come from various factors, such as emerging requirements. Rolling Wave Planning is particularly useful in projects with high uncertainty. Therefore, we must use the Risk Management best practices.

For example, in product development it is common practice to prototype before going into the actual product development. Therefore, in such an environment we would use Rolling Wave Planning to plan the prototype and then make a decision to proceed to implementation. Post the Prototype phase, we would plan once again.

Benefits of Rolling Wave Planning : This iterative approach to planning is commonly found in SCRUM and other Agile Project Management Methodologies. Similar to Agile, Rolling Wave Planning:

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Encourages adaptability Encourages planning Is great for R&D, High-Tech, Invention projects Is good for projects with changing scope

b. Decomposition c. Precedence diagramming method d. Dependency determination Q.2 State and describe process of estimating resource & duration for the activity Q.3 Describe the basic elements of a project plan. Q.4 Comple te the below mentio ned chart : Activity A B C D E Pessimi st Most likely optimis t PERT Varianc e

20 30 105 200 145

12 25 80 145 112

10 18 56 85 89

Master of Business Administration-MBA Semester 3 Project Management PM0011 - 4 Credits (Book ID: 1237) Assignment Set- 2 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions. Q.1 Describe the five process groups and 9 knowledge areas of project management.

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Q.2 List the inputs, outputs, tools and techniques for the vendor management process. Q.3 The below Preceding example depicts Activity the preparation of cake. Here, some of the interdependent activities where some follow a particular order, whereas others are performed independently. Activity Start Start D Activity F E G B Start D,A D,A F,E F,E G Estimate in minutes

0 4 6 7 8 5 5

H C END

H C,B 0

7 8