DT0233, 16739 PRFD3111 DT022/3, 14985 PRED3111 DUBLIN INSTITUTE OF TECHNOLOGY BOLTON STREET, DUBLIN 1 BACHELOR OF ENGINEERING IN MECHANICAL ENGINEERING & BACHELOR OF ENGINEERING IN MANUFACTURING & DESIGN ENGINEERING THIRD YEAR: JANUARY 2014 SEMESTER 4 PROFESSIONAL DEVELOPMENT John Lawlor M.Se. Robert Simpson M.Sc, David Kennedy Ph.D. Mark McGrath M.Eng., M.LE.L ‘Anne Marie McCarrick M.Se. Arthur Henry Tuesday 14th January 2014 9.30am - 12.30pm Answer 4 of the following 4 questions, at least 2 from Section A and at least | from Section B. Please use separate answer books for each section, All questions carry equal marks. Page Lof4DT0233 DT022/3 Section A Question 1 fa) (b) te) (d) Question 2 @ () Question 3 (a) (b) (e) 16739 PRED3111 14985 PRFD3111 Distinguish between management and leadership. (10 Marks) Compare and contrast the role of the Functional Manager with that of (3 Marks) the Project Manager. Describe the following, using examples: (4 Marks) (Action Plan (ii) Work Breakdown Structure Work on a project was expected to cost €1,500 to complete, and the (8 Marks) workers were originally scheduled to have completed the project today. As of today, however, only €1,350 has been expended, and the project is approximately 2/3 finished. Calculate the following, and comment on the status of this project Cost variance (CV) Schedule variance (SV) Cost Performance Index (CPI) Schedule Performance Index (SPI) Deseribe the steps in organisation change, why people usually resist (15 Marks) change and how resistance to change can be managed, Use an exainple of change in an organisation to illustrate your answer. Explain why there is a necessity for Corporate Governance in an (10 Marks) organisation, and outline the obligations of any company wishing to list on the Irish Stock Exchange. Propose an organisation structure that will overcome some of the (8 Marks) disadvantages of the traditional functional (u-form) organisation structure and explain how it will overcome these issues, Distinguish between centralisation and decentralisation, comment on (5 Marks) the advantages and disadvantages of each arrangement and give an example of when an organisation might wish to use one or other approach. Describe, using examples, what is meant by Jab Specialisation, (12 Marks) identifying its advantages and disadvantages. Outline nvo alternatives to Job Specialisation, Page 2 of 4DT023/3 DT022/3 Question 4 (a) (b) © 16739 PRFD3111 14985 PRFD3111 How should a Project Manager manage critical path tasks differently than noneritical path tasks? Using table Q4b below, draw the network diagram, calculate float for cach task using carliest and latest event times and determine the following {Total project duration ii) Critical path ActivityiTask | Preceding “| Activities A aay BB are c A 4 “A 4 BC 4 F [D> 3 G E sia Fable Qab Given the data in table Q4e, which tasks should be crashed and at ‘what cost, so that this project will be completed in 5 days? Task | Precedence | Duration Cost Slope (Normalcrash) | (normaverash) | (€/day) € at ea 32 40,80 =40 B 21 | 80, 60 ¢ 22 7 DF ai “30 BFF 31 “102 days) Table Q4c “Partial crashing allowed **Partial crashing not allowed (5 Marks) (10 Marks) (10 Marks) Page 3 of 4pr023/3 DT022/3 Section B Question 5 a) Many parties are interested in the financial statements of a firm, and are often known as stakeholders. List these stakeholders, outlining their particular interests, (6) Summarise the features of the eurrent ratio and quick ratio analytical tools that may be used provide broad information about one aspect of the financial condition of a company. (©) Reviewing the financial statements of a firm in isolation provides limited information. Identify two common bases of comparison of financial statements that help overcome this problem, Question 6 (a) Draw a diagram illustrating how direct, indirect, sales and administration costs contribute to the overall cost of a product in a manufacturing company. (b) Outline the characteristics of variable, fixed, mixed and step costs, and write a note on a potential cause of particular cost behaviour. (c) Discuss the salient features of both the engineering and historical cost, estimation techniques, especially with regard to the cost activity base. 16739 PRFD3111 14985 PRED3II1 (10 marks) (10 marks) (5 marks) (8 marks) «8 marks) (9 marks) Page 4 of 4