Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490 Master of Business Administration - MBA Semester 3 PM0011-Project Planning and Scheduling (Book ID: B1937) Assignment (60 Marks) Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60. Q1. 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 Answer. Hierarchy of organisational objectives: 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 unorganized 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? Answer. 1. Bottom-up estimating (also called detail or resource-driven estimating) The estimator breaks a project into distinct line items, and then breaks those line items into smaller, distinct line items, and so on, until he or she arrives at the component (or resource) level – the level of detail at which the price of the components is relatively consistent across projects. Top-down estimating (also called parametric estimating) This approach typically relies on cost histories from past projects, and knowledge of the specific parameters of Q3. What is the importance of operational feasibility? Explain the factors that affect operational feasibility. Answer. Operational feasibility is as important as technical feasibility (or any other kind of feasibility for that matter), and yet it can be the first thing to get brushed under the carpet. The conversation changes and that ‘intelligent system’ everyone was discussing is transformed back into a mere ‘thing’: a deliverable to drop into the organisation. We’ll find out later if we can make it happen; if we can weave it into Q4. Write short notes on:     Crashing Precedence diagramming method Resource allocation Scope creep Answer. Crashing: In order to reduce the duration of a project, organisations often assign additional resources to the project task. This technique of assigning additional resources to reduce the project duration is termed as crashing. According to BusinessDictionary.com, schedule crashing is "Reducing the completion Q5. What do you understand by cost of quality? Elaborate on various types of costs of quality associated with a project. Answer. Cost of Quality: The “cost of quality” isn’t the price of creating a quality product or service. It’s the cost of NOT creating a quality product or service. Every time work is 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. Answer. Project scope: A detailed project scope description helps to determine the start and end dates, and major assumptions and constraints associated with the project. At times, stakeholder expectations are also included for determining the project milestones. Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490