SVKM's NMIMSNMIMS - GLOBAL ACCESS SCHOOL FOR CONTINUING EDUCATION

Programme: PGDBM/PGDITM

Date: 20.06.2014

Semester: IVCourse: NewMarks: 70

Time: 3.00 p.m. to 6.00 p.m.

Academic year: 2014 - 2015Subject: Project Management

Instructions:

1. Answer to each new question to be started on a fresh page.2. Figures in bracket indicate full marks.

Q.l) Attempt any 2 out of 4

a) Explain important characteristics of a Project.

b) Explain the factors that ascertain success of a Project,

c) Why do projects fail? Explain reasons for Failure of Projects.

d) Explain Crashing in Network Analysis with special reference to its advantages.

(Marks: 2X5=10)

Q.2) Write short notes on (2 out of 5)

a) Opportunity Studies

b) Qualities of a Project Manager

c) Gantt Chart

d) Market Appraisal

e) Resource planning

Q.3)Attemptany 3 out of 5

(Marks: 2X5=10)

(Marks: 3XIO=30)

a) Explain Technical Analysis with reference to its application in Project Management.

b) What do you mean by Risk Management? How to manage risk in Projects?

c) An company is considering adaptation ofany one project whose capital outlay is expected to beRs.S,OO,OOOand the cash inflows for the next 4 years are as follows:

Year Alternative I Alternative II DiscountFactor

1 1.80,000 2,50,000 0.90912 1,20,000 1,00,000 0.82643 1,50,000 1,20,000 0.75134 1,00,000 1,50,000 0.6830

Which alternative would you prefer and why using NPVMethod

Pagelof2,

d) For the following project calculate the Internal Rate of Return.( Use trial and error technique}

Year Cash Outflow Cash Inflow0 Rs.10,OO,OOO --1 Rs.4,OO,OOO2 Rs.2,SO,OOO3 Rs.2,SO,OOO4 Rs.2,OO,OOO5 Rs.2,OO,OOO6 Rs.1,SO,OOO

e) Activities involved in a small project are given below along with the relevant information

Activity 1-2 1-3 1-4 2-5 3-5 3-6 3-7 4-6 5-7 6-7Duration 5 10 11 6 9 13 7 9 5 8in weeks

Draw network diagram for the given information and estimate the project cornpletlorr time. Also identify theCritical Path. Also Calculate Earliest Start Time, Earliest FinishTime, Latest Start Time, Latest FinishTime

Q.4)Attempt both the questions (Marks: 2Xl0=20)

a) From the information given below for a cost-time trade-off problem, compute the direct, indirect andtotal costs for each project duration. What is the optimum cost-time schedule? The customer offers you$10 for every week you can cut from the normal time on your planning network. Would you take it? If so,for how many weeks and Why?

Activity Normal Normal Cost CrashTime Crash CostProject Indirect Cost

Time Duration1-2 10 40 8 200 27 3002-3 5 80 40 120 26 2401-4 8 10 5 100 25 1802-4 11 50 9 150 24 1203-4 15 100 11 500 23 604-5 6 20 5 50 22 SO

b) Fit a straight line trend by least square method and also estimate trend for the year 2015

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013

SalesinLakhs 98 105 103 100 107 106 103 102 112

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