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Pm0015 – quantitative methods in project
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ASSIGNMENT
DRIVE WINTER
PROGRAM
SUBJECT CODE & NAME
BK ID
Credit and Max. Marks
2013
MBADS (SEM 4/SEM 6)
MBAFLEX/ MBAN2 (SEM 4)
PGDPMN (SEM 2)
PM0015 – QUANTITATIVE METHODS IN PROJECT
MANAGEMENT
B1344
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.
1 Write short notes on:
A. Management Operation System Technique (MOST)
Answer : A Management Operating System (often abreviated "MOS") refers to the system of
controls, communication and activity used to achieve organisational goals and objectives. Most
often the MOS exists in a written form and is used to communicate to relevant stakeholders how an
objective is being met.
Techniques :
Communication Plan: The communication plan addresses both the meetings that will be a part of
the effort as well as the reporting out functions.
Who will be invited to the meeting
2 Describe the different nonnumeric methods for project selection.
Answer : Project selection is the process of choosing a project or set of projects to be implemented
by the organization. Since projects in general require a substantial investment in terms of money
and resources, both of which are limited, it is of vital importance that the projects that an
organization selects provide good returns on the resources and capital invested. This requirement
must be balanced with the need for an
3 What do you understand by managing cash flow?
2. Answer : Maintaining a healthy cash flow is one of the most important aspects of running any small
business. Key to success in this area is the management of inflows and outflows, which can be
monitored using a financial software package.
Analyzing cash flow
Before you can begin to improve your cash flow
4 Describe how you can choose an appropriate forecasting model.
Answer : In virtually every decision they make, executives today consider some kind of forecast.
Sound predictions of demands and trends are no longer luxury items, but a necessity, if managers
are to cope with seasonality, sudden changes in demand levels, price-cutting maneuvers of the
competition, strikes, and large swings of the economy. Forecasting can help them deal with these
troubles; but it can help them more, the more they know about the general principles of forecasting,
what it can and cannot do for them currently, and
5 Describe how you can display data using Gantt chart and Network Diagram Chart in MS Project .
Answer : Most Microsoft Project users generally use the Gantt Chart view when planning a project,
however sometimes users like to use the Network Diagram view as well when planning and
reporting.
Did you know that the Network Diagram view can be highly customised and improved quickly?
One simple improvement is to place ‘Link Labels’ on the view to indicate the dependency type and
any lag time applied between tasks within the
6 How to create a report on the project activities in the MS Project
Answer : Create and print a basic report
You can create and print basic predefined task, resource, and crosstab reports to help present your
project data to others. You can change any of these reports to present the information that you
want.
What basic reports are available?
Basic reports are divided into six categories in the Reports dialog box (Report menu). The following
sections provide descriptions of the reports in each category.
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