PM0010-Introduction to Project Management

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Master of Business Administration - MBA Semester 3

PM0010-Introduction to Project Management

(Book ID: B1936)

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. a. Describe the characteristics of a project

b. Explain the triple constraints in project management.

Answer. a. Characteristics of a project

b. Triple Constraints:

All projects are carried out under certain constraints – traditionally, they are cost, time and scope. These three important factors (commonly called "the triple constraint") are often represented as a triangle.

Q2. Write short notes on:

Ø  Project development

Ø  Project organisation

Ø  Factors affecting collection of market-related information

Ø  Term loans as a means of financing projects.

Answer. Project Development is the process that takes a transportation improvement from concept through construction. There are several goals for this process:

Ø  To ensure context sensitivity though an open, consensus-building dialog among project proponents, reviewers, the public, and other parties.

Ø  To foster thinking beyond the roadway pavement to achieve the optimum accommodation for all modes.

Ø  To encourage early planning, public outreach, and evaluation so that project needs, goals and objectives, issues, and impacts can be identified before significant resources are expended.

Q3. Explain the L-M approach of SCBA.

Answer. L-M Approach:

I.M.D Little & J.A.Mirlees have developed this approach for analysis of Social Cost-Benefit in Manual of Industrial Project Analysis in Developing Countries and Project Appraisal & Planning for Developing Countries.

The L.M. Approach to Social Cost has considerable similarity with the UNIDO approach. In the first place, both the approach use shadow (accounting) prices for foreign exchange savings and unskilled labor in particular. Similarly, both consider factor of equity. And finally both the

Q4. Discuss the financing of a power project.

Answer. Project financing is often referred to as “non-recourse” or “limited recourse”. Nonrecourse lending is however inconceivable as it is unlikely that the lending institutions will enter into financing arrangements without some sort of recourse or remedy to the assets of the borrower in the event of a breach. The term is therefore rarely used. The more apt term would be the limited recourse financing, where lenders’ remedies are restricted to the secured assets of the project company only.

Project Finance techniques have been stated to be the best option for the financing of power projects. Some of the possible reasons that explain this are considered below:

1. Project Finance which is sometimes called ‘off-balance sheet financing does exactly what its alternative name implies: it takes the risks off the balance sheet of a company, so that a failure of

Q5. Explain the types of procurement contracts.

Answer. A contract is nothing but a legally binding agreement between two or more parties. Usually one party is known as a buyer and another as a seller. The contract is the key between the buyer and seller relationship. It determines the way they will deal with each other.

Procurement contracts can be broadly divided into three categories:

Ø  Fixed Price Contract

Ø  Cost Reimbursable Contract, and

Ø  Time and Materials

Fixed Price Contract

A Fixed Price Contract is also known as a lump-sum contract. This type of contract is used when there is no uncertainty in the scope of work. Once the contract is signed, the seller is legally bound to complete the task within the agreed amount of money or time. Since the seller has to complete the task within a fixed amount, he bears the risks.

Q6. What is the purpose of project evaluation? Which the four dimensions of the project explain the purpose of project evaluation?

Answer. Purpose:

1. Analyse the process of implementation, focusing on participation of the community

2. Analyse the impact or changes that have occurred within beneficiary households and the community

3. Identify problems and constraints that have been encountered

Winter-2015

Get solved assignments at nominal price of Rs.125 each.

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