PM0015-Quantitaive Methods in Project Management

Winter-2015

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Master of Business Administration- MBA Semester 4

PM0015-Quantitaive Methods in Project Management

(Book ID: B2011)

Assignment (60 Marks)

Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60.

Q1. Write short notes on:

(a) Kano model

(b) Differences between a sponsor’s view and project’s view in a project balance sheet

(c) Triangular distribution

(d) Organisational break down structure

Answer. (a) The Kano model is more narrowly focused than the former two models discussed. Named after Dr. Noviashi Kano the model is aimed at capturing the voice of the customer for requirement for products and service. Originally conceived in the 1970’s as a quality tools for obtaining a good match of customer need and product features and function, project managers can apply this tool not only for grading requirements but also for evaluating budget allocations and priorities, and for assessing qualitative

Q2. Discuss capitals budgeting in project management.

Answer. Capital budgeting, or investment appraisal, is the planning process used to determine whether an organization's long term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure (debt, equity or retained earnings). It is the process of allocating resources for major capital, or investment, expenditures. One of the primary goals of capital budgeting investments is to increase the value of the firm to the shareholders.

Q3. Write short notes on:

(a) Rolling wave planning

(b) Time centric earned value

Answer. a. Rolling Wave Planning is the process of project planning in waves as the project proceeds and later details become clearer. Work to be done in the near term is based on high level assumptions; also, high level milestones are set. As the project progresses, the risks, assumptions, and milestones originally identified become more defined and reliable. One would use Rolling Wave Planning in an instance where there is an extremely tight schedule or timeline to adhere to; whereas more thorough planning would

Q4. Describe the various cost incurred in a project. Describe the applications of three - point estimates.

Answer.  Various Costs:

1. Direct cost

Direct costs are those directly linked to doing the work of the project. For example, this could include hiring specialized contractors, buying software licenses or commissioning your new building.

2

Q5. Explain the six sigma methodologies.

Answer. Six Sigma has two key methodologies:

DMAIC: It refers to a data-driven quality strategy for improving processes. This methodology is used to improve an existing business process.

DMADV: It refers to a data-driven quality strategy for designing products & processes. This methodology is

Q6. Discuss the time and materials contract.

Solve the following problem

Consider a time and materials contract as follows:

Labour is billed according to the following schedule

1 software engineer: $45/hr

1 tester: $ 45/hr

1 senior software engineer: $65/hr

Material is billed according to the following schedule:

Cost of materials + 30 % profit/overhead

Actual cost of the material is $2140

Calculate the material cost, calculate the contract payable.

Answer.

Winter-2015

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

Mail us at: subjects4u@gmail.com or contact at

09882243490