2nd
set
Solved
assignments for Rs.150 each
08627023490
Fall-2013
Master of
Business Administration - MBA Semester 3
PM0011–Project
Planning and Scheduling-4 Credits
(Book ID:
B1237)
Assignment
(60 Marks)
Note: Answers
for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Explain the usefulness of WBS in
cost control.
Answer. A work breakdown structure lets project managers plan their work more
efficiently. A project is characterized by time-limited activities and is
assigned fixed time frames and costs. When it is finished, a project must
fulfil the stakeholder needs it was designed to address. The project management
has to plan for the schedule, the fixed costs and the functional completeness
of the project and assign responsibilities. The WBS helps make this planning
consistent and provides for effective project
Q2. Explain the method to estimate
cost and create Budget.
Answer. Preparing a budget for your project
requires two steps: First you prepare a rough estimate. Then when you move into
the organizing and preparing stage of your project, you’re ready to create your
detailed budget estimate.
Develop your bottom-up budget estimate by doing the
following:
1.For each lowest-level
work package, determine direct labour costs by multiplying the number of hours
each person will
Q3. Explain the steps to draw a CPA
chart.
Answer. As with Gantt Charts, the essential
concept behind Critical Path Analysis is that you cannot start some activities
until others are finished. These activities need to be completed in a sequence,
with each stage being more-or-less completed before the next stage can begin.
These are 'sequential' activities.
Other activities are not dependent on completion of any other
tasks. You can do these at any time before or after a particular stage is
reached. These are non-dependent or 'parallel' tasks.
Drawing a
Q4. Explain the
different methods in solving linear programming problem
Answer. Linear Programming Basics
Linear
programming (LP) is a powerful framework for describing and solving
optimization problems. It allows you to specify a set of decision variables,
and a linear objective and a set of linear
Q5. Write short notes on process
review report.
Answer. The purpose of the In-Process Review is to assess the
system's performance and user satisfaction. This review process occurs
repeatedly to ensure that the system is performing cost-effectively and that it
continues to meet the functional needs of the user. The report provides a
description of the review process, its focus, and results. The report also may
be used to document management approvals regarding further enhancements or
development of the system under review.
Q6. Substantiate the
impact of Life Cycle Costing on new product selection and strategy.
Answer. Life Cycle
Costing
Life cycle costing
(LCC) is also known
as cradle-to-grave costing. The purpose of this type of accounting is to
provide a complete record of all the costs associated with the product or
service. This type of costing is commonly found in manufacturing, product
development, construction, and software companies.
2nd
set
Solved assignments
for Rs.150 each
08627023490
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