ASSIGNMENTS-

ASSIGNMENTS-
MBAMBA
Sem-II
Sem-II
MB0033
MB0033– –PROJECT
PROJECTMANAGEMENT
MANAGEMENT

Rolesproject
The and
Q.3:-Explain
project of Responsibilities
is found
the the
manager· to various
project,
Plansbeis in aresteps
the
and oneof
serious
they
nothing ato project
in trouble,
arethe
conduct manager
identification
transferred
planning it ismay
the work starts
tohave
everything ofotherbefore
process
to·team
his projects the
goPlanning
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choose
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are
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right
are continue
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theinitiating
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highly tools the
for
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used project ofbe
to
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project product.
development,
planning?
project. The
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costown is some received
of these from
unacceptable, tools
scopeand the
andindividual
plants
time may in whichemployees.
need case to beheThus, will
(a)manager Understanding thepredetermined
scopeof theof the project,

ASSIGNMENT
Therole
the project
need manager
the project
to redefined
apportion conducts anplays the in
internally analysis
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changes. hiring andcost submitsof the a detailed
same to report to the For
the project. top
Ans:-
management. Project:
To summarize,
the tools ThetheAand project
report
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beconsist
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Project managers
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project.
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SEMESTER –
Q.1:-Define
The
appropriate
these the
· Awork
project
central project
manager
tools
process
programme (c)
· toThey Formulation
groups are
management,
and
ensure ofthenon dynamic
that
project
are and
estimates
iterated
routine team planning
&work
resource, dependent
–toplanning
provided various
process
complete
bringing onprovides
Team
andactivities,
during
projects
about aInnovations
projectthe cycle.change
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beneficial Explain
with within
process thearelife-cycle
budgeted
a documented
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cost
byplan
at
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full Infrastructure
tools
accordance are refers to specifications.
temporary andarrangements that need toproject
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provides
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Project project
historical
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sponsor
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model
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before
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work Examples
starts on Hence
effectiveness. theare nextlabor
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objective The
Ans:- Project
electric (e)
ofmanagement:
power and Project
is towater monitoring
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cost, resources.
time, manpower, hardware and
requirement
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software
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Today
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quality
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project management also involves all aspects of planning, organizing, controlling, and closing. The project
· A multidisciplinary team brought together for the project
manager
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viewed
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review briefly
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may need relatively less details A detailed plan may not be required in the initial stages.
define these necessary
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failure, and thephase. managers should
(a) (f) Initiating
Consequences processes:of negativity recognition in projectto start and establishing
related problems could commitment.
be very serious
PROJECT MANAGEMENT
be as specific
Q.2:-What
Project are as
Planning theThepossible
roles and
purpose when communicating
responsibilities
of project planning of a is their
project
to firstexpectations.
identify theProcess
manager? areas offormalitythe projectiswork very
Project Cycle
Planning : A project
process cycle
group basically
to defines consists
ofand ofredefines of the various activities of operations, resources
between
The project
important
and identifyingthefor
(b) (g)
four
manager
this
Planning the constraints
should
approach.
Changes
forces in
processes:
isExamples
make
economic
affecting make
itthe
devising
an
a conditions
habit
project accurate
the expressing
top-down
and
and maintaining may then toobjectives
assessment
affect appreciation
approach
a project
define
a workable
and
ofthethe plans the
resources
openly
applications
boundaries
scheme to of
course
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accomplish
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the
workin
and
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attain
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Teamsofweon them.
objectives
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and
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Ans:-The
Also the Project
scoping
business has
needManager
to be explicitly project stated manager
on isline person
of the who
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objective the Itinalso
sproject. hasnewspaper
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years
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orthat project
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factcreation Thus
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Times’
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SUBMITTED BY: SANJEEV SAH
project manager
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impressed
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DUBAI
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theBudgeting
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·
MBA ROLL NO.-54091
feasibility
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design
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majorProject
The importance Construction to operation
Life Cycle: A life cycle of a project consists of
(e) Analyzing the financial implications and cost factor at various stage of th
e
 ASSIGNMENTS- MBA Sem-II
MB0033 – PROJECT MANAGEMENT

Q.4:-What
(b) Project
is Risk Management?
structure Development
How canplan,
risksproject
be prioritized?
tracking and oversight

Ans:-Risk Management Risks are those events or conditions that may occur and whose
occurrence has a harmful or negative impact on a project. Risk management aims to identify the
risks and then take actions to minimize their effect on the project. Risk management entails
additional cost. Hence risk management can be considered cost effective only if the cost of risk
management is considerably less than the cost incurred if the risk materializes.
Process Skills and activities
There are different types of risk involved in a project. The main types are:
Initiation • Prepare an outline project justification, plan and project Budget
Selection and briefing of the project team, assigning roles and
(a) Project risks it is the organization • Feasibility
risk arising out of a changestudy risk
in the and of
scope keythe
success factors
project, changes
in the work quantities, changes in the resource requirements, estimation error or
unexpected developments in a project.

(b) Market risks it is the risk arising out of a change in any of the following marketing
parameter – price change,• changes
Planning in market and
Project definition regulations, economic
project plan changes, competition,
• Communicate to the team
competitors product changes, etc.

Execution Allocating
(c) Industry risk it is the•risk andof
arising out monitoring thescientific
a change in work andinstruments
cost • Ensuring
used work
in and
business activity, changesteam cohesion policies
in companies • Reporting progress
because of changes in the industry.

Control • Monitoring
(d) Social and political risk progress
it arises out and managing
of changes changes •labour
in labour situation, Helping the team to
laws,
environment law, etc. solve project problems
Close • Satisfactory delivery • Compiling lessons from project experience

(c) Project Key personnel Identify those business areas that are within the scope or
directly interface with the scope boundary and list them in the “Business area” column of
Planning
the project assignment worksheet Identify the key personnel for each area and list them in
Tools The
the “Person” column of the project assignment worksheet.
tools which
may be
necessary
(d) Project management team It is a senior management team, which will be accountable
for
for the project. Identify project sponsor, client representative and technical representative.
Stage managers who will plan and manage the project on a day-to-day basis for this stage

coordinating a project successfully are as follows

a) Project
(e) Project coordinators Client coordinator and technical coordinator clearly define these
coordination, control activities and identify the brief suitable personnel to carry them out.
organization

project
ASSIGNMENTS- MBA Sem-II
MB0033 – PROJECT MANAGEMENT

Q.6:-List b) out
(iii) theinmacro
a Budgeted
loss anycost issues
project
of work in project
would have management
performed direct(BCWP)
or indirect andimpact
explain on each.
the society
c)
(iv)
Riskprevent
Actual failures
cost of in
identification work
canprojects
beperformed(ACWP)
done using a brainstorming session. The brainstorm typically
Ans:-Macro d) issues
takes 15 30 minutes. Be sure tomay
scope of the project activity invite undergo
anyonea who changecan help you think of risks. In the
e)
(d) Management technology
brainstorming used
By Exception may
session, people change
(MBE)call during
– “Noout news the course
potentialis good of
problemproject
news” . Ifexecution
that they
a member
think could
wantshurthelpthehe or
she locatesf) consequences
project. Newand
a source ideas of negativity
are generated
proposed in project
based ononly
to the manager related problems
the items
if such onhelp could
the brainstorm be very
is not accessible serious
list. Aforproject
free.
(a) Evolving
Similarly, g)
manager Key
changes
a member Success
in economic
can should Factors
also usebelieve (KSF)
conditions
the process Upfront:
may
that atoteam In
affect
referleaders order
a to
project
to a database provide
silence of is arisk complete
signobtained
of approval stability
fromand to
past.should not
fulfillment of goals, one needs to constantly evaluate from time to time, the consideration of what
provoke
will comments
constitute throughofexcessive
the success completing seeking
a project of opinions.
and assessingIn short its leave
success people
before alone and let
completion.
Project
The KSFManagement
situation perform
should be theevolvedInformation
demanding basedact. onSystem
The
a basicbend (PMIS):
limit ofAMBE
consensus information
can be
document systems
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mainly
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on theat
provide
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providing
sensitivity tothe information
management
effective
of the natureexitand obtained
atsize
strategy from
different
(EES).
of such
Exitdatabases
the levels
project. with
here
MBE does can
nothelp
information
provides meanandthe
related project
exit to themanager
from
facilitates system
the project
better to but
of evaluate
the from
any of the
organization.
implementation drilled
and assess down
of the
It helps elemental
innature of the
maintaining
effectiveness activities
risk which
and its impact
a discipline
of empowerment may
the on
intitles. prove to be
the project.
system.
MBE isAmore hurdles
system rather
is pronesince
important than
to malfunctions
contributors.
if not properlyare Broad level
maintained. of KSF should
An information be available
system at the
dealingeven conceptual
with at project stage and should be firmed
organizations moving toward multiskilled functioning juniormanagement
most levels. tasks is the
up and detailed out during the planning stage. The easiest way would be for the team to evaluate
project
each step Example
management
for chancesof risks are: “We
information
of success on may
system. not
a scale have
It of
help the
ten.in requirements
decision
KSF shouldmaking right. “The
in arriving
be available technology
to the optimumis
at management
allocation
duly untested,”
approved “Key
of resources.
by the people
The
project might leave,”
information
manager systems
before “The is server
execution based andwon’t
on restart
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ofsituation
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KSF X,”above
organization.
rides and A
normal “People might
consideration
project management ofresist
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information andchange.” Any
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system potential
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levels problem,
encompassing
schedule, scope orclient
critical
changes, project
expectation feature,
and isand
risk assessment a
management perception
good candidate
actual results. – time
for the risk
Usual information and cost come into play as subservient
list. are not designed for projects. Normal information
systems to these major goals.
systems tell managers if they are working within the scope of the budget. The information is
(b) Risktoprioritization:
communicated managers at different Risk prioritization
levels of thefocus on the highest
organization depending risk. upon
Prioritization
the need. Upper
managers need to know information on all projects regarding progress, problems, resourceThis
requires analyzing the possible effects of the risk event in case it actually occurs. usage,
approach requires a quantitative assessment of the risk
costs and project goals. This information helps them take decisions on the project. They should probability and the risk
(b) Empowerment
review the projectsTitle
consequences. For
at each (ET)each – ETriskreflects
milestone rate
andthe the relative
probability
arrive importance
of its happening
at appropriate of members
decision. as low,of
Project the
medium
manager or high.
and
organization at three
If necessary, levels:
department managersassign need to probability values schedule
see each project in the ranges given
priority andforuse each of rating.
resources Fortoeach risk,
determine
the most.assess its impact
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