pr023/3, 16739 PRED 3111 Dr022/3 14985 PRED 3111 DUBLIN INSTITUTE OF TECHNOLOGY BOLTON STREET, DUBLIN 4 Bachelor of Engineering in Mechanical and Manufacturing & Design Engineering ‘STAGE 3: JANUARY 2011 SEMESTER 1 PROFESSIONAL DEVELOPMENT John Lawlor, MSe Robert Simpson M.Se Mark MeGrath, MEng., M.LE.L David Kennedy Ph.D ‘Anne Marie MeCarrick MSe ‘Arthur Henry Tuesday 18th January 2011 9.30am -12.30pm Answer 4 ofthe following 6 questions All questions carry equal marks ‘Time Allowed: 3 Hours (Given: Normal Table ©2011 DIT eroDT023/3 16739 PRED3III pT022/3 14985 PRED3IIL Section A Question 1 @ Compare and contrast Henry Mintzberg’s view of the role of managers, with the more classical view. Give your opinion of which viewpoint most closely resembles the reality in the workplace. (15 Marks) ) According to Abraham Zaleznik, “Managers and leaders are very different kinds of people.” Outline how Zaleznik compares managers and leaders, and give your opinion of his analysis (10 Marks) Question 2 @ Explain why there is a necessity for corporate governance in an organisation, and outline the obligations of any company wishing to list on the Trish Stock Exchange. (12 Marks) (b) In his article “One More Time: How Do You Motivate Employees?” Frederick Herzberg distinguishes between maintenance (hygiene) and motivation factors. Give an overview of his theory, examples of both factors and outline his proposed solution to motivation in the workplace. Give your opinion of his approach (13 Marks) Question 3 (a) Distinguish between the vertical and horizontal organisation structure, noting the advantages and disadvantages of both. Explain what centralisation means in terms of delegation, and comment on which structure is more likely to be centralised. (10 Marks) () Outline the factors that can contribute to resistance to change in an organisation, and the steps a ‘manager can take to overcome that resistance. Use examples to illustrate your answer. (15 Marks) ©2011 birDT023/3 16739 PRFD3111 DT022/3, 14985 PRFD3111 Question 4 @) ‘The project charter is one of the outputs of the initiation phase of a project. Briefly note the contents of a project charter and explain why itis an important document in terms of project management. (6 Marks) ) Explain what is meant by the critical path of a project, and why it is important for the project ‘manage to monitor the critical path closely. (4 marks) ©) Using table 4.2 below, draw the network diagram and determine the following: (10 Marks) {Total project duration ii) Critical path @) For the network diagram above, determine the probability that the project will be completed in 20 weeks or less. (5 Marks) Table 4.2 Activiny/Task | Preceding b ___| Activities x = 1 2 3 B x 3 a I c A 5 7 _9 D B 5 a 12 E c 1 2 3 F c 7 9 in G DE 2 3 4 ©2011 pr [Pt.0.DT023/3 16739 PREDSI11 pT0223 14985 PRFD3111 Section B Question 5 (@) Companies require two types of funding: current funding for operations and capital funding for company development. ‘Write notes on common sources of current funding, taking account of both spontaneous and negotiated sources. (12 Marks) ) Discuss the types of funding that are most likely to be used at the various stages of the life cycle of a company, and note how this funding might be raised. (13 Marks) Question 6 {a) Cost analysis is a critical to the measurement of the economic effectiveness of a company. ‘Write notes on the following types of costs: Fixed ~ Variable ~ Step ~ Mixed ~ Direct - Indirect (5 Marks) (b) Draw a diagram showing the interaction of fixed and variable costs, sales revenue, the break even point, margin of safety and profit for a manufacturing company. (10 Marks) ©) Compare and contrast absorption and marginal costing, and outline the advantages of marginal costing in a ‘make or buy’ situation, (10 Marks) 201 or IPto.