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ASSIGNMENT
DRIVE FALL 2016
PROGRAM MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER II
SUBJECT CODE & NAME MB 0049 - PROJECT MANAGEMENT
BK ID B1632
CREDITS&MARKS 4 CREDITS , 60 MARKS
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Question.1 Write Short notes on:
1. PERT model
Answer:The program(or project) evaluationandreview technique,commonlyabbreviatedPERT,isa
statistical tool,usedinprojectmanagement,whichwasdesignedtoanalyze and represent the tasks
involvedincompletinga given project. First developed by the United States Navy in the 1950s, it is
commonly used in conjunction with the critical path method (CPM).
The PERT chart may have multiple pages
2. CPM model
Answer:Cost per impression (CPI), or "Cost per thousand impressions" (CPM), is a term used in
traditional advertisingmedia selection, as well as online advertising and marketing related to web
traffic. It refers to the cost of traditional advertising or internet marketing or email advertising
campaigns, where advertisers pay each time an

2. Question.2 Explain Project Life Cycle in detail?
Answer:The project manager and project team have one shared goal: to carry out the work of the
projectforthe purpose of meetingthe project’sobjectives. Every project has a beginning, a middle
periodduringwhichactivitiesmove the projecttowardcompletion, andanending(eithersuccessful
or unsuccessful).A standardprojecttypicallyhasthe followingfourmajorphases (each with its own
agenda of tasks and issues): initiation,
Question.3 Answer the following questions:
1. Mention the steps involved in a competitive bid.
Answer:If yourun a small business,youmightengage inthe biddingprocessregularly. Whether you
are the one accepting the bids or you have to bid on jobs, the basic steps are typically the same.
Completingthe biddingprocessinthe propermannercouldbe the difference between getting a bid
or looking for work.
Specifications:The firststepinthe biddingprocessdealswith coming up with the specifications for
the job. The company or
2. Mention the elements/points that must be kept in view when
designing , developing and operating a PMIS (Project Management
Information System)
Answer:His theory, called "Tuckman's Stages" was based on research he conducted on team
dynamics.He believed (as is a common belief today) that these stages are inevitable in order for a
teamto grow to the pointwhere theyare functioningeffectivelytogetheranddeliveringhighquality
results.
In 1977, Tuckman, jointly with Mary Ann Jensen, added a fifth stage to the 4 stages: "Adjourning."
The adjourningstage iswhenthe teamis completing the current project. They will be joining other
teams and moving on to other work in the near future. For a high performing team, the end of a
project brings on feelings of sadness as the team
Question.4. Explain the purpose of Project Final Report. Discuss the
major contents of the project’s final report.
Answer:A Draft Final Reportshouldbe as close to the final report as possible – Stage 1 outlines the
basicstructure.At thisstage the Principal Investigatorshouldhave hadthe reportproof read,edited
and if applicable designed. They should have

3. Question.5 Write short notes on
1. Role of risk management in overall project management
Answer:Effective risk management strategies allow you to identify your project’s strengths,
weaknesses, opportunities and threats. By planning for unexpected events, you can be ready to
respondif theyarise.Toensure yourproject’ssuccess,define how youwill handle potential risks so
you can identify, mitigate or avoid problems when you need to do. Successful project managers
recognize that risk management is important, because achieving a project’s goals depends on
planning, preparation, results and evaluation that
2. Quality assurance
Answer:Qualityassurance (QA) isawayof preventingmistakesordefectsinmanufacturedproducts
and avoidingproblemswhen delivering solutions or services to customers; which ISO 9000 defines
as "part of qualitymanagementfocused on providing confidence that quality requirements will be
fulfilled". This defect prevention in quality assurance differs subtly from defect detection and
rejectioninqualitycontrol,andhasbeen referred to as a shift left as it focuses on quality earlier in
the process.
Question.6 Explain Earned Value Method (EVM) in detail? How can
a project manager manage the Project Schedule if team members
don’t accurately report when they are behind?
Answer:Earned value management (EVM), or Earned value project/performance management
(EVPM) is a project management technique for measuring project performance and progress in an
objective manner.
Earnedvalue managementis a project management technique for measuring project performance
and progress. It has the ability to combine measurements of the project management triangle:
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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4. (Prefer mailing. Call in emergency )