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Ms-52 December 2009 Project Management

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December, 2009

Ms-52 : Project Management

1. A project schedule has the following characteristics :

Activity

Time

Activity

Time

1 – 2

4

5 – 6

4

1 – 3

1

5 – 7

8

2 – 4

1

6 – 8

1

3 – 4

1

7 – 8

2

3 – 5

6

8-10

5

4 – 9

5

9-10

7

(a) Draw the Project Network.

(b) Find out the critical path and activities.

(c) Explain the importance of critical path in a project.

(d) Determine the total float for each activity.

2. (a) What are the phases of a project development cycle ? Give the salient tasks under each phase.

(b) What are the different levels of forecasting and their respective role in decision making ?

3.(a) What are the traditional methods of financial evaluation of the projects ? Why are they considered deficient ? Explain.

(b) Explain the do's and don'ts of a good detailed project report.

4.(a) How does management of projects with the aid of network analysis help in the design and procurement of materials and equipment in line with the priorities ?

(b) Explain the various methods of resource allocation for the management of projects.

5.(a) "Costing is a guestimate and pricing is a strategy". Elaborate.

(b) What are the different organization structures recommended for project organisations and what are their advantages and disadvantages ?

6.(a) What is the role of project cost estimates in defining the total scope of a project ?

(b) Lean and Virtual organisations cannot function without empowerment. Explain.

7.(a) Explain briefly the process of managing transition from project to operation.

(b) Explain the importance of "Project Review"  in the context of control of a project.

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