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DRIVE SPRING 2016
PROGRAM MBA
SEMESTER III
SUBJECT CODE & NAME PM0011 – PROJECT PLANNING AND SCHEDULING
1 Write short note on:
• Hierarchy of organisational objectives
• Porter model a tool for identifying investment opportunities
• Design phase of project management life cycle
• Scope change
Q2 Budget Estimation of ABC Company Ltd
ABC Company Ltd., established in 1985, is engaged in the manufacturing of leather accessories. Over the years, the company, which started out as a local firm, has made its mark as an international corporation. However, the company is still working as a traditional set up.
The high quality and durability of products have increased the demand of the products in the market. As the production of the organisation is being increased to meet the demand, the traditional set up is creating hurdles in the production process.
Organisation conflicts have arisen among the team members because of the unorganised hierarchical structure of the company, which is affecting the output of the organisation. Now that the management has decided to expand the business and opened up branches abroad, the company is facing two more problems. The first problem is in budgeting as the company is unfamiliar with international market conditions, strategy, and business policy while the second problem is conflicts at the time of team formation due to lack of experience of and exposure to multinational work culture, which has further affected the output of the company. The company can estimate the budget through two methods, the bottom – up approach and the top – down approach. The bottom -up approach is generally followed by the MNCs as it is more accurate and reliable. Mr. Parag has been appointed as the country head of the company and he has also been assigned the responsibility of incorporating the advanced project set up in the organisation.
Questions:
1. Which project estimation approach should be used by the company and why?
2. What type of project organisation structure should be used by the company and why?
1. Argue the pros and cons of each project estimation approach. Recommend the project estimation approach that best suits the company. List the reasons for your decision by mentioning the data from the case
2. Describe the existing organisation structure. List the disadvantages of this structure Recommend the project organisation structure that should be used by the company. Give you reasons for recommending this structure based on the data given in the case and your knowledge on the FIVE organizational structures.
Q3 What is the importance of operational feasibility? Explain the factors that affect operational feasibility.
• Mention the importance of operational feasibility
• Discuss the FOUR factors that affect operational feasibility
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Q4 Write short notes on
Crashing
Precedence diagramming method
Resource allocation
Scope creep
Q5 What do you understand by cost of quality? Elaborate on various types of quality costs associated with a project.
[Write the meaning of cost of quality
Explain various types of quality costs associated with a project]
Q6 What do you understand by project scope? What are the various components of project scope? What is scope creep? Explain various reasons for scope creep.
• What do you understand by project scope
• components of project scope
• What is scope creep
• reasons for scope creep.
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