REG NO: |
St. Joseph’s College of Commerce (Autonomous)
END TERM EXAMINATION –MARCH/APRIL 2016
M.I.B. -IV SEMESTER
P2 11 403: PROJECT MANAGEMENT
Duration: 3 hours Max. Marks: 100
I Answer any SEVEN questions: Each question carries 7 marks (7 x 5 = 35)
- What do you mean by Project Environment? In one sentence each name or describe these Environments?
- Name the steps involved in project contaract management?
- Name the types of project closure?
- What is group think?
- What is Critial Chain Project Management? Name the types of buffers that are inserted where potential problems occur?
- With the help of an illustration, depict the risk management process?
- Which are the factors influencing qualities of estimates?
- Define WBS.
- What is quality and quality assurance?
- What do you mean by Earned Value Management?
SECTION – B
- Answer any THREE questions. Each carries 15 marks. (3×15=45)
- Illustratively explain the 5 stage team development model.
- What are the characteristics of a high performing project team and explain how such
a team can be developed?
- Explain the terms: a) TQM b) Six Sigma d) Kaizen
- Explain what are the activities (in a project) that cost control aims to focus on?
- What is the difference between risk response and contigency plan and draw up
the risk response matrix?
SECTION – C
III. Case Study – Compulsory question. (1×20=20)
- The following is the network diagram of a project.
1 |
2 |
5 |
3 |
4 |
The Project Manager has estimated the times for these activities which are as follows
Numerical description | Activity | Time estimation (weeks) | ||
Optimistic | Most Likely | Pessimistic | ||
1-2 | a | 9 | 12 | 21 |
1-3 | b | 6 | 12 | 18 |
2-4 | c | 1 | 1.5 | 5 |
3-4 | d | 4 | 8.5 | 10 |
2-5 | e | 10 | 14 | 24 |
4-5 | f | 1 | 2 | 3 |
Questions for case study
- a) Estimate the average time based on the above data (5 marks)
- b) Complete the network diagram showing the average time and mark the critical path
(10 marks)
- c) Work out Activity float, Free float for the pair of activities 2-4. (5 marks)
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