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MBA
(SEM-IV) THEORY EXAMINATION, 2019-20
PROJECT MANAGEMENT
Time: 2 Hours Total Marks: 100
Notes:
 Attempt all Sections. Section C has further Internal Choices. Attempt Carefully.
 Marks are written against each Section.
 Assume any missing data.

SECTION – A [Attempt ANY EIGHT Parts from this section. 8X3=24]

Q.1. Answer in brief:
a) Differentiate between NPV and IRR methods for financial viability of a Project.
b) State the difference between Capital cost and Operating cost of a project.
c) Differentiate between PERT and CPM.
d) What are the common types of risks associated with Projects?
e) Differentiate between planned value and earned value.
f) Differentiate between projects and processes?
g) What are the common sources of Project costs?
h) What are the stages in group development?
i) What are the different stages of Project Life Cycle?
j) What are the different types of Project terminations?

SECTION – B [Attempt any THREE Parts from this section. 3X12=36]

Q.2. Attempt any three parts:
a) Why does conflict arise in Project Teams? How can it be overcome?
b) Describe the Project Management Information System.
c) Explain risks and uncertainty involved in Project Management. What are the techniques to
overcome them '?
d) How can projects be identified? Discuss in brief and also explain its formulation and
preparation?
e) Describe the concept of ‘Earned Value Management”, along with its advantages and limitations.

SECTION – C [Attempt any TWO Questions from this section. 2X20=40]

Q3. Explain risks and uncertainty involved in Project Management. What are the techniques to overcome
them '?
Q4. How can projects be identified? Discuss in brief and also explain its formulation and preparation?
Q5. Attempt both the Parts:
a. Describe the concept of ‘Earned Value Management”, along with its advantages and
limitations.
b) Discuss with examples various methods of Project Budgeting.
Q6. Explain various tools and techniques used for socio-cost benefit analysis of a project. How do
human aspects affect project management?

Q7. A project manager is using the net present value method to make the final decision on which
project to undertake. The company has a 12% required rate of return and expects a 3% rate of
inflation for the following four years. What is the NPV of a project that has cash flows as shown in
the table?
Year Cash Flow
0 -$250,000
1 $50,000
2 $60,000
3 $70,000
4 $80,000