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Master
of Business Administration - MBA Semester 2
MBA206 - Project Management
SET - 1
Q1. Define Project Management Body of
Knowledge (PMBOK). Detail nine knowledge areas of Project Management Body of
Knowledge (PMBOK).
Project Management Body of Knowledge (PMBOK) 5
Nine knowledge areas of PMBOK 5
Answer. The Project Management Body of
Knowledge (PMBOK) describes nine knowledge areas of the project management
discipline. The in-depth understanding, application and attaining proficiency
in any one of these
Q2. Elaborate five project life cycle
phases.
Five project life cycle phases 10
Answer. The project life cycle (PLC) describes
the start and the end of the project and the various stages in it. It begins
with concept of idea, incubation, and feasibility studies and further on
towards initiation, planning, execution and closeout. Irrespective of the type
and complexity of
Q3. Define the determination of the Critical Path
Earliest Occurrence Time (EOT) 2
Latest Occurrence Time (LOT) 2
The slack for each event 2
The critical and slack paths 2
The activity floats 2
Answer. Calculate the Earliest
Occurrence Time (EOT) for each event
After completion
of all leading activities, an event occurs. In the network diagram shown in
Figure 5.8, for
SET - 2
Q1. Illustrate strategies to control
the project risk.
Risk avoidance 2.5
Risk reduction 2.5
Risk retention 2.5
Risk transfer 2.5
Answer. To make the most of the benefits of
project risk management, we must integrate the project risk management
activities into well planned project management plan and work activities. Once
risks have been identified and measured, the strategies to control the risk
fall into one or more of
Q2. Detail the planning process of PMIS.
1. Identify the information needed 2.5
2. Capture data 2.5
3. Process data into information and store it 2.5
4. Communicate information to stakeholders 2.5
Answer. Identify the information
needed
Identification of the information that is
needed is necessary for improving the decision making and the structure of the
PMIS. Information requirements of project stakeholders include the recipients
of information, the type of information that is needed, which includes format,
contents, and
Q3. What is Project Performance Evaluation? Elaborate types of project
performance evaluation.
Project Performance Evaluation
1. Process (or implementation) evaluation 2
2. Outcome evaluation 2
3. Impact evaluation 2
4. Cost-benefit and cost-effectiveness
analyses 2
Answer. Performance evaluation is an important
tool for the assessment of a system or service according to the measurements
specified. We can define it as the systematic process of assessment of
SPRING-2018
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