East West University Bangladesh

Department of Computer Science and Engineering

Trimester Course Code Course Title

Summer, 2022 CSE-495 Entrepreneurship and IT Project

Management BAETE
Accredited

MID2, 10th August, 2022, 9:00 AM; Marks: 75

Answer all the Questions. Time: 60 minutes

CO1 Recognize market needs and customer PO4: Investigation

Q CO(s) Marks Total
segments. Investigating complex problems using research
based knowledge and research methods
CO2 Evaluate the entrepreneurial team and PO9: Individual and Team work
Q1 CO1
unique value proposition to the Role and diversity of team, function effectively
market. as an individual, and as a member or leader in
a team
PO11: Project Management and Finance
Q2 CO2
Level of management required for different
types of activity
Q3 CO1 Name

Q4 CO3 ID

Q5 CO3
Please answer each question with clear and simple English explanations with your own understanding of
Entrepreneurship, IT Project Management, General Management, .

You must draw the necessary diagrams for all the questions.

.
[CO1] Q1.
Q1.1. Which of the following statements about achieving a common understanding of the project
purpose is true?
a. A common understanding means building a consensus and disagreement regarding a project’s
purpose is often fatal to project execution.
b. Developing a common understanding involves defining project success, determining potential
barriers to success, establishing milestones, and identifying decision-makers.
c. The methods and processes employed to develop a common understanding depend on the
duration of the project.
d. Irrespective of the complexity of the project, developing a common understanding usually
involves informal discussions that last a few hours.

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 e. When developing a common understanding of the purpose of a project, participants are often
instructed to refrain from expressing skepticism.

Q1.2 What is one of the primary uses of a project charter?

a. Assigns team members to project tasks
b. Establish the project boundaries
c. Approves the final project result
d. Don’t know

Q1.3. Which of the following is typically a written document that defines what work will be
accomplished by the end of the project?
a. Scope of work (SOW)
b. Project logic diagram
c. Milestone schedule
d. Ballpark estimate
e. Work breakdown structure

Q1.4. Zaman is actively initiating a project, so he plans to invite all relevant internal and external
stakeholders including sponsors, customers, project teams, etc. for a kick-off meeting.
To ensure all of them are covered in the stakeholder register, which document is the most helpful for
Ahmed to look at?
a. Project team activities
b. Scope statement
c. Project charter
d. Work packages
e. Project funding agents

Q1.5. What two estimates (at a minimum) are needed to prepare a project business case?
a. Schedule and Budget
b. Costs and Benefits
c. Customers and Suppliers
d. Don’t know

Q1.6. What is PERT analysis based on?

A. Optimistic time
B. Pessimistic time
C. Most likely time
D. All of the above

Q1.7. What happens when a project is scheduled by CPM?

A. A project is divided into various activities
B. Required time for each activity is established

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 C. A sequence of various activities is made according to their importance
D. All of the above

Q1.8. Activities A, B, and C are the immediate predecessors for Y activity. If the Earliest Finishing (EF)
time for the three activities are 22, 25, and 20, then what will be the Earliest Starting(ES) time for Y?
A. 25
B. 22
C. 20
D. Cannot be determined

Q1.9. Activities P, Q, and R instantly follow activity M, and their Latest Starting (LS) times are 32, 39, and
30. So, what is the Latest Finishing (LF) time for activity M, which is the common immediate predecessor
of the activities P, Q, and R?
A. 39
B. 32
C. 30
D. Cannot be determined

Q1.10. For an activity the pessimistic, most likely and optimistic estimates are 20, 12, and 4 days
respectively. The expected duration of the activity based on beta distribution will be:
A. 9 days
B. 6 days
C. 3 days
D. 12 days

(15).

[CO2] Q2
Please draw the PERT Network diagram with all the Node’s ES, EF, LS, LF from the following table.
Determine the Critical Path as: Start -> <task ID1> -> …. <task ID1> -> ... <task ID1> -> Stop ! What is the
duration of the Critical Path in Days ?

Sl Task ID Task Description Task Duration Predecessors

1 A Organize the Manufacturing Setup : Hire Production 25 days <nil>

Manager

2 B Hire Production Process Consultants 15 days <nil>

3 C Hire Production Personnel : The Production 25 days A, B

Manager will recruit and hire the Engineers,
Supervisors, Workers as needed

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 4 D Buy Capital Machineries 45 days A, B

5 E Design Production Process 15 days C, D

6 F Train Production personnel : Train the Production 45 days E

Team with the manufacturing process, products
and trial runs

7 G Get Customers Feedback 15 days E

8 H Incorporate Customer Feedback 25 days F, G

9 I First Production Run 10 days H

(15)

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[CO1] Q3

(a) Nina is trying to decide in which of four shopping centers to locate her new boutique. Some
cater to a higher class of clientele than others, some are in an indoor mall, some have a much
greater volume than others, and, of course, rent varies considerably. Because of the nature of
her store, she has decided that the class of clientele is the most important consideration.
Following this, however, she must pay attention to her expenses, and rent is a major item —
probably 90 percent as important as clientele. An indoor, temperature - controlled mall is a big
help for stores such as hers where 70 percent of sales are from passersby slowly strolling and
window shopping. Thus, she rates this as about 95 percent as important as rent. Last, a higher
volume of shoppers means more potential sales; she thus rates this factor as 80 percent as
important as rent.

As an aid in visualizing her location alternatives, she has constructed the following table. A
“good” is scored as 3, “fair” as 2, and “poor” as 1. Use a weighted score model to help Nina
come to a decision.

Location

1 2 3 4

Class of Clientele fair good poor good

Rent good fair poor good

indoor mall good poor good poor

Volume good fair good poor

(9)
.

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 .
(b) An electrical engineering generator project needs an initial investment of BDT 900,000; and the
first year conservative revenue projection is BDT 110,000 but the second year’s highly optimistic
exponential revenue forecast is BDT 1,210,000. What will be the NPV of this engineering
project’s cash flow, if the annual discount interest rate is 10% ? (Please draw the CFD) (6)

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[CO3] Q4

Q4.1. A type of project management that is typically used in technology and software development is:

a. Tech Project Management

b. Process Centric Project Management
c. Agile Project Management

Q4.2. You are developing a Project plan for your project. Which of the following statements is incorrect
regarding the project plan?

a. Project Plan defines how a project is executed, monitored, controlled and closed.
b. Project Plan is progressively elaborated and approved
c. Project Plan consists of many subsidiary plans
d. Once approved, project plans should not be changed

Q4.3. The project charter is:

a. Developed before the project statement of work, and after the project management plan
b. Developed after the project statement of work and before the project management plan
c. Developed before the contract and after the project management plan
d. Developed before the project and before the project management plan

Q4.4. Document that provides the necessary information from a business standpoint to determine
whether the project is worth the required investment

a. Organizational process Assets

b. Business Case
c. Contract
d. Project Charter

Q4.5. A mutually binding agreement that obligates the seller to provide a specific product or service and
they obligates the buyer to pay for it:

a. Statement of Work
b. Expert Judgment
c. Enterprise environmental factors
d. Contract

Q4.6. All process related assets from any of the organizations involved in the project that can be used to
influence the project's success.

a. Organizational process asset

b. Long-term goal

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 c. Project charter
d. Enterprise environmental factors

Q4.7. What should the project manager do to ensure that all work is included in the project plan?

a. Create a Quality Plan

b. Create a Contingency Plan
c. Create a Risk Management Plan
d. Create a WBS

Q4.8. What are the 5 basic Phases of Project Management?

a. Initiation, Planning, Development, Budgeting, and Presenting

b. Planning, Insights, Ideation, Prototyping, and Presenting
c. Initiation, Planning, Execution, Control, and Close
d. Customer Insights, Ideation, Visual Thinking, Prototyping, and Storytelling

Q4.9. Document issued by the project initiator or sponsor that formally authorizes the existence of a
project and provides the project manager with the authority to apply organizational resources to project
activities

a. Contract
b. Short-term goal
c. Goal setting
d. Project charter

Q4.10. A goal that helps you identify exactly what it is you want to achieve and know for sure when
you've achieved it; made up of specific, measurable, attainable, relevant, and time-bound goals.

a. Goal Setting
b. Long-term goal
c. SMART goal
d. Short- Term goal

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[CO3] Q5

Why do you think scheduling has been the major focus of effort throughout the history of project
management rather than performance or budgeting? (15)

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