SET -2 MB 0033Page 2
1.Write brief note on need for project management , projectmanagement knowledge areas and relationships.
ANS.Need for project management
Project management is necessary because-
A project requires huge investments which should not go waste
A loss in any project would have direct or indirect impact on the society
Prevent failures in project
Scope of the project activity may undergo a change
Technology used may change during the course of project execution
Consequences of negativity in project related problem could be very serious
Change in economic condition may affect a project
Project management knowledge areas and relationship
it comprises of various techniques needed to manage project, the practical methodologiesadopted in formulating a project and managing the resources which would affect the project completion. Relation with other management discipline is essential for project to besuccessful. Supporting disciplines includes law, strategic planning, logistics, humanresource management and domain knowledge.
2.Explain the various estimation approaches and estimation tools.
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