og, No 13ME74 (To be filled by the candidate) (2013 batch onwards) COIMBATORE INSTITUTE OF TECHNOLOGY (Government Aided Autonomous Institution) COIMBATORE 641 014 B.E. DEGREE EXAMINATIONS, APRIL 2017 (Seventh Semester) MECHANICAL ENGINEERING BRANCH 43ME74 PROJECT MANAGEMENT (Common to PT BE Mech. V ser Time : 3 Hours Max: 75 marks INSTRUCTIONS 1. Answer all questions in Part A and as per choice in Part B. 2. Part A and Part B questions should be answered separately in the same answer sheet. 3. Question No.11 is compulsory. PART-A (10X2= 20) 1 Why is it essential to define project life cycle and divide it into various phases? 2. ‘Write the objectives of project management. 3 List the basic processes of the project planning phase. 4. ‘What do you understand by the dispatch rule? Give some examples of dispatch rules used in scheduling with applications. 5. ‘What's the need of time management? What is its importance? 6. How ate projects classified? What is the key objective of resource profiling? 7. What is PERT? Define optimistic time, pessimistic time and most likely time and explain how you will estimate the expected time to complete the activity in pert technique. 8 What is decision tree? Why is it constructed? Where is it used in project management? 9 Give the situations where agile manufacturing would be more suitable. What are the applications of agile manufacturing strategy? 40, Define Drum-Buffer-Rope approach. What does it represent? PART-B (x 11 = 55) 41. a) The following diagram shows the network for a construction project with the three (6) time estimates of each activity marked. Determine ()) Critical path and its standard deviation (ji) Probability of completion of project in 40 days. ii) Time duration that will 95% probability ofits completion in time Contd...12. 13, 14. 15. 16. b) a) b) b) a) b) a) b) a) Discuss the preliminary considerations taken into account in the initial screening of (5) projects. Distinguish among a project, a programme and a plant. The quarterly maintenance programme of a factory consists of § activities. The (7) estimated times and the precedence relationships are given as follows. ()) Find the expected time, variance and standard deviation of activities. (ii) What is the probability that the project will be completed in 24 days? In 20 days? (ji) Compute the probability of completing the activities on the path A-t AB A2 in 22 days. ‘Aetivity Preceding Estimated Time Duration activity (in days) to te fy At = 3 6 8 AZ 7 12 15 AS At 15. 75 22.5 Ad AS 1.5 75 13.5 [TAS Az 9 42 15 Briefly explain why and how decision making with respect to changes in the project implementation should involve the analysis and evaluation in terms of costs and benefits. (OR) Discuss the relationship between project cost contro! and project cost estimates. Explain the various cost estimates required for preparation for a project. Identify the sources of project finance. What issues are involved in raising project finance through public issue of shares? “Team building and motivating project staff is the most important for the success of a project’. Explain with example along with the various techniques that can improve communication in a project effectively. A manufacturing enterprise is planning to produce a single innovative product, What will be the various risks involved in the project? Quote some examples showing the failure of several projects in India due to improper planning. (OR) Enumerate various social costs and benefits of a river valley project implemented for Power generation in the foothills of the river Ganga. Discuss the various resources that are to be taken into consideration in project planning and implementation. What would be the pros and cons in limited resource allocatin? From the following information find out () What is the normal project time duration and minimum project duration? (ii) Calculate the minimum crash costs for completion of the project in the minimum possible time. (ii) What is the most desirable project completion time considering both crashing costs and overhead costs? Job Normal Time | Crash time | Crash cost per day (days) (days) (Rs.) 12 9 6 30 13 8 5 35 14 15 10 45 24 5 3 15 34 10 6 20 45 2 1 55 The overhead costs are Rs.2000-00 per day. Contd... @ 6) 6) 6) (8) ) ©16. 17. 18, 19. 413ME74 b) What are the steps in Burges' method of resource leveling procedure? (OR) @) The oll India corporation is considering whether to go for an offshore oil drilling Contract to be awarded in Mumbai High. If they bid, value would be Rs.600 million with a 65% chance of gaining the contract, They may set up a need drilling operation or move already existing operation, which has proved successful, to new site. The probability of success and expected retums are as follows. ‘Outcome, ‘New Drilling Operation Existing Operation Probability Expected Probability Expected Revenue Rs. Revenue Rs. (mition) (million) ‘Success 0.75 ‘800 0.85, ‘700 Failure 0.25 200 0.15 350 If the corporation does not bid or lose the contract, they can use the Rs.600 million to modernize their operation. This would result in a retum of either 5% or 8% on the sum invested with probabilities 0.45 and 0.55 (assume that all costs and revenues have been discounted to present value). ) Construct a decision tree for the problem showing clearly the courses of action. ii) By applying an appropriate decision criterion, recommend whether or not the oll India corporation should bid the contract. b) Why is it important to test a new product before going ahead with production? What kind of risk it involves? @) State the philosophy involved and basic elements of JIT. What are the major requirements for a successful JIT implementation? Give various waste elimination techniques. b) Briefly explain the following with reference to performance measures. Throughput Inventory Operating expense Cash flow Net Profit, Retum on investment se eeee (OR) a) Describe Lean manufacturing? Give examples of situations that require lean ‘manufacturing concept. What are the scopes and objectives of lean manufacturing strategy? What exactly are the important factors to be considered for the development of more lean manufacturing strategy in future? Explain in detail. b) What is meant by a bottleneck resource? What is its effect on the performance of a manufacturing system? discuss methods to eliminate or control bottleneck resources in such a system. 4) @) 2) 6) ©) @ @