ANSWER FOR NO.

Traditional approach
The traditional approach assumes that the project scope and goals will remain constant till pro
completion. Obviously, a project manager plans and identifies project resources based on this
assumption. The traditional approach lays down the following project phases:
• Project initiation
• Project planning and design
• Project monitoring and control
• Project execution
• Project completion

Critical chain approach

The approach assumes that at least one constraint (behavioural or process-related) is likely to
projects which utilise complex processes and a large number of cross-functional teams.

Extreme project approach

This approach is suitable for projects which handle dynamic situations, such as, changing cust
requirements.

Event chain project approach

According to this approach, a single constraint can create a chain of constraints and severely i
project.
 will remain constant till project
ect resources based on this
ct phases:

process-related) is likely to hinder

oss-functional teams.

ons, such as, changing customer

of constraints and severely impede a

ANSWER FOR NO.7

The purpose of coding in CPM project schedule is: To easily identify the activities with code number The
coding helps to identify the grouping of activities for same department: To determine critical activities
requiring attention so that the project can be completed on time.
The project team creates the project Work Breakdown Structure by identifying the major functional
deliverables and subdividing those deliverables into smaller systems and sub-deliverables, with a WBS,
you begin with the desired outcome or product, which you then break down or decompose into the
smaller deliverables or tasks needed to create it, a well-thought-out WBS aids in scheduling, estimating
costs, and determining risk.

Organization Breakdown Structure or OBS is a hierarchical model describing the established

organizational framework for project planning,resource management,time and expense tracking , cost
allocation, revenue/profit reporting, and work management, OBM is used to define the responsibilities
for project management, cost reporting, billing, budgeting and project control.

Cost Code / Cost Breakdwon Structure is commonly include elements or extensions that identify the
specific project, phase of project and type of cost account, such as labor, equipment or materials.  Cost
codes also include standard extensions that identify specific reporting needs, such as discipline or sub-
discipline involved with the work package, material codes, accounting codes, purchase orders etc, for
specific phases or work packages.
ctivities with code number The
o determine critical activities

tifying the major functional

sub-deliverables, with a WBS,
own or decompose into the
aids in scheduling, estimating

bing the established

e and expense tracking , cost
d to define the responsibilities
ntrol.

extensions that identify the

equipment or materials.  Cost
eds, such as discipline or sub-
des, purchase orders etc, for