smu mba 3rd sem project management

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MB0050 RESEARCH METHODOLOGYDRIVE: SUMMER 2014MBA (SEM 3)

Q.NO.1.

How would you distinguish between a management decision problem and a management research problem? Do all decision problems require research? Explain and illustrate with examples. Differences Explanation ExamplesANS.

Differences:DECISION PROBLEMRESEARCH PROBLEM

What should be done to increase the consumers of organic food products in the domestic market?What is the awareness and purchase intention of health conscious consumers for organic food products?

How to reduce turnover rates in theBPO sector?What is the impact of shift duties on work exhaustion and turnover intentions of the BPO employees?

Q.NO.2.

How are research designs classified? What are the distinguishing features of each? Differentiate by giving appropriate examples. Meaning of Research designs Classification and features Differences ExamplesANS.

Meaning of Research designs

Once you have established the what of the study, i.e., the research problem, the next step is the how of the study, which specifies the method of achieving the research objectives. In other words, this is the research design.

Classification and features

Q.NO.3

Discuss with the help of examples the four key levels of measurement. What mathematical operations/statistical techniques are and are not permissible on data from each type of scale? Meaning of Measurement scales Types of Measurement scales with examples Mathematical operations/statistical techniques

ANS.

a. Meaning of Measurement scales and types of Measurement scales with examples

The term measurement means assigning numbers or some other symbols to the characteristics of certain objects. When numbers are used, the researcher must have a rule for assigning a number to an observation in a way that provides an accurate description. We do not measure the object but some characteristics of it.

Types:

Q.NO.4.

Processing of data involves editing, coding, classifying and tabulating. Explain each of these steps by taking an appropriate example. Explanation ExamplesANS.

Data Editing

Data editing is the process that involves detecting and correcting errors (logical inconsistencies) in data. After collection, the data is subjected to processing. Processing requires that the researcher must go over all the raw data forms and check them for errors.

The significance of validation becomes more important in the following cases:Q.NO.5.

Distinguish between the following:a. Null hypothesis and Alternative hypothesisb. One tailed and two tailed testsc. Type I and Type II errord. One way and two way analysis of variancee. Descriptive and inferential analysis of data

ANS.

a. Null hypothesis and Alternative hypothesis

Null hypothesis: The hypotheses that are proposed with the intent of receiving a rejection for them are called null hypotheses. This requires that we hypothesize the opposite of what is desired to be proved A null hypothesis is denoted by H0.

Q.NO.6.

a. What is Chi-square test of goodness of fit? What precautions are necessary while applying this test? Point out its role in business decision making.b. Two research workers classified some people in income groups on the basis of sampling studies. Their results are as follow:

Investigators Income groups Total Poor Middle RichA 160 30 10 200B 140 120 40 300Total 300 150 50 500Show that the sampling technique of atleast one research worker is defective.

ANS.

Meaning

A goodness of fit test is a statistical test of how well the observed data supports the assumption about the distribution of a population. The test also examines that how well an assumed distribution fits the data. Many a times, the researcher assumes that the sample is drawn from a normal or any other distribution of interest. A test of how normal or any other distribution fits a given data may be of some interest.

Precautions


MB0051-Legal Aspects of Business DRIVE: SUMMER 2014MBA (SEM 3)

Q.NO.1.

Explain the performance of contracts Definition Offer of performance Onus of performanceANS.

Definition

Sections 37-67 of the Contracts Act deal with the performance of a contract. A contract creates obligations. Performance of a contract takes effect when the parties to the contract fulfill their obligations within the time and manner specified under the contract.

Q.NO.2.

Elaborate the rights of surety. Rights against the creditor Rights against the principal debtor Rights against co-suretiesANS.

Rights against the creditor

In case of fidelity guarantee, the surety can direct a creditor to dismiss the employee whose honesty he/she has guaranteed, in the event of proven dishonesty of the employee. The creditors failure to do so will exonerate the surety from his/her liability.

Rights against the principal debtor

Q.NO.3

Discuss the termination of bailment. Explanation

ANS.

The temporary placement of control over, or possession of Personal Property by one person, the bailor, into the hands of another, the bailee, for a designated purpose upon which the parties have agreed.The term bailment is derived from the French bailor, "to deliver." It is generally considered to be a contractual relationship since the bailor and bailee, either expressly or impliedly, bind themselves to act according to particular terms.

Q.NO.4.

Explain the performance of a contract of sale of goods.Explanation

ANS.

Explanation

The contract of sale of goods is to be performed. In this context, Sections 31-44 provide for duties of the seller and the buyer and the rules regarding delivery of goods.

Duties of the seller and the buyer Q.NO.5.

Discuss the law related to the prohibition of anti-competitive agreements.Explanation

ANS.

Explanation

The Competition Act of 2002 was passed for the following objectives:

Prevention of practices that result in adverse effects on healthy competition Promotion and sustaining of healthy competition Q.NO.6.

Explain the need and types of meetings. Need for meeting Statutory meetings Annual General Meetings Extraordinary meetings Class meetings

ANS.

Need for meeting

A company is an artificial person and therefore, must act through some human intermediary. The various provisions of law empower shareholders to do certain things. They are specifically reserved for them to be done in companys general meetings. Section 291 empowers the Board of Directors to manage the affairs of the company. In this context, meetings of shareholders and directors become necessary.

Statutory meetings


PM 0010 INTRODUCTION TO PROJECT MANAGEMENT DRIVE: SUMMER 2014MBA (SEM 3)

Q.NO.1.

Case Study: New Age ConstructionsNew Age is a building construction organisation based in Bangalore. The organisation, which was established in the year 2005, is relatively new in this sector. The activities of the organisation are limited to Bangalore. There are a number of well-established builders in Bangalore. Therefore, initially New Age found it difficult to obtain large projects and undertook only small building projects.However, recently, New Age has got a lucrative contract for building a large shopping mall. The organisation finds the contract to be a stepping stone of its future success. Therefore, it is striving to deliver the project on time and within the planned budget. The organisation has hired Mr. Sinha as the project manager.To carry out the assigned project, Mr. Sinha has emphasised on three principles of project management including the principle of project strategy, the principle of team building, and the principle of satisfaction. During the project, Mr. Sinha communicated the relevant project information to all the team members. However, he did not prioritise maintaining a thorough documentation of the entire project.Seven months into the project, Mr. Sinha faced some major issues. He was asked by the management of the organisation to provide a complete project report on a day-to-day basis. Moreover, it was also noticed that he used some extra human resource, which affected the projects cost management as well. Mr. Sinha did not even consider the triple constraints of the project

Questions:a. As a project manager of New Age, which knowledge areas and principles would you like to follow the most?b. Do you think considering the triple constraints would have helped Mr. Sinha? Justify your answer.

Summarise the various knowledge areas and principles in brief you would follow as a project manager of New Age Give your opinion if triple constraints would have helped Mr. Sinha Provide justification for the opinionANS.

Summarise the various knowledge areas and principles in brief you would follow as a project manager of New Age

To be a successful project manager, one need to have some basic qualities and principal which will help the project to execute properly. The basic qualities I am talking about is mentioned below. Without these its not possible to complete the project on time at all. These are:-of project strategy, the principle of team building, and the principle of satisfaction.

Q.NO.2.

Describe the five phases of a generic project lifecycle. Describe each phase of a project lifecycleANS.

Describe each phase of a project lifecycleA major vehicle for evaluation is the project audit, a more or less formal inquiry into any aspect of the projectQ.NO.3.

Write short notes on: Work breakdown structure Product line analysis Capital rationing Challenges in Social Cost Benefit Analysis (SCBA)

ANS.

Work breakdown structure

This process divides the major project deliverables and project work into smaller, more manageable components. The scope statement is the input to this process. Creating the Work Breakdown Structure (WBS) improves the accuracy of cost, time and resource estimations. The success or failure of a project is largely determined by the degree of clarity in the scope statement, based on which the WBS is generated.

Q.NO.4.

How would you classify the sources of financing infrastructure projects? State the meaning of source of finance, Explain the external and domestic sources of finance available in infrastructure financing. Domestic sources of finance available in the infrastructure financing List financing sources available for infrastructure projects in India in tabular formatANS.

State the meaning of source of finance,

To start a project the main issue is, from where we can get the funds and this is the most crucial for the success of the business. Therefore, it is important that you understand the various sources of financeQ.NO.5.

Discuss the types of project termination with suitable examples

ANS.

Discuss the types of project termination with suitable examples

A project can be said to be terminated when work on the substance of the project has ceased or slowed to the point that further progress is no longer possible. There are four fundamentally different ways to close out a project: extinction, addition, integration, and starvation.

Termination by Extinction:

Q.NO.6.

Explain what is done in each step of the process of designing a monitoring system

ANS.

Explain what is done in each step of the process of designing a monitoring systemMonitoring and controlling consists of those processes performed to observe project execution so that potential problems can be identified in a timely manner and corrective action can be taken, when necessary, to control the execution of the project. The key benefit is that project performance is observed and measured regularly to identify variances from the project management plan.


PM0011 PROJECT PLANNING AND SCHEDULINGDRIVE: SUMMER 2014MBA (SEM 3)

Q.NO.1.

Write short note on: Controlling PMO (Project Management Office ) Bottom-up approach for estimating project planning Consequences of project delays PartneringANS.

Pure project management organization

A "pure project organization" is a model of a business where project managers have total control over the project they oversee. Central control at the managerial level must be weak for this to occur. Put simply, a "pure project organization" might also be termed a "task force." In the case of a "pure project," the leader of this task force would have to be given total authority for a limited period to solve a particular problem. In business, it is a great challenge to find an example of such purity.

Bottom-up approach for estimating project planning

Q.NO.2.

Explain various stages of project scope management. Briefly describe each stage of scope management

ANS.

Briefly describe each stage of scope management

Improve Project Success with Better Scope Management- The Project Management Institute Project Management Body of Knowledge (PMBOK) defines product scope as the features and functions that are to be included in a product or service.Q.NO.3.

Write short notes on : Scope change Porter model used by organisations to identify investment opportunities Tools for Project Scheduling Operating FeasibilityANS.

Scope change

The must be valid business purpose for a scope change. This includes the following factors at a minimum. An assessment of the customers needs and the added value that the scope charge will provide.Q.NO.4.

Explain the various tools of project planning. Briefly mention the role of project planning tools in an organisation Explain various tools that are used in project Planning

ANS.

Briefly mention the role of project planning tools in an organisation

The planner then estimates the duration of each task. The tasks, durations, and dependencies form the project plan. This step can be standardized by using project templates that define the starting work breakdown structure for the project. Gantt tools are used to graphically manage the project plan. Once

Q.NO.5.

Explain the meaning of CPM. Mention various steps involved in CPM. Write the meaning of CPM Explain various steps associated with CPMANS.

Write the meaning of CPM

Critical Path Method (CPM) is a technique for analysing projects by determining the longest sequence of tasks through a project network. One can ensure the tasks are as per the set up schedule and completed on time by focussing on the most critical path.

Explain various steps associated with CPM

Q.NO.6.

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 Write a note on Total quality costsANS.

Write the meaning of cost of quality

"The cost of quality."

Its a term that's widely used and widely misunderstood.

PM 0012 PROJECT FINANCE AND BUDGETINGDRIVE: SUMMER 2014MBA (SEM 3)

Q.NO.1.

Write short notes on: Lump sum contract Project Cost Profile Trade credit Types of project resourcesANS.

Lump sum contract

Alump sum contractis the traditional means of procuring construction, and still the most common form ofconstruction contract. Under alump sum contract, a single lump sum price for all of the works is agreed before the works begin.

Q.NO.2.

Discuss the financing of telecommunication projects. Explain the financing of telecommunication projects. Discuss the factors needs to be considered while financing a telecommunication project.ANS.

Explain the financing of telecommunication projects

Project Finance is a method of funding in which the lender looks primarily to the revenues generated by a single project, both as the source of repayment and as security for the exposure. Project Finance transactions play an important role in financing development throughout the world. This type of financing is usually for large, complex and expensive installations.

Discuss the factors needs to be considered while financing a telecommunication project.

Q.NO.3

Do lenders, sponsors, EPC contractors, and the government require project insurance? Explain Give your opinion is project insurance required by lenders, sponsors, EPC contractors, and the government Provide justification to your answer from perspective of lenders, sponsors, EPC contractors, and the government

ANS.

Give your opinion is project insurance required by lenders, sponsors, EPC contractors, and the government

Legal advisors are considered to be proficient legal representatives or lawyers, who advise an organisation on its various legal matters and help in creating contracts, policies, and research reports. The legal advisors play a very special role in the overall structuring of a project as they perform a range of tasks. They are appointed by sponsors, and are considered to be the first pure advisors of a project.

Q.NO.4.

Write short notes on: Expected Monetary Value (EMV) Earned Value Analysis (EVA) Optimal capital structure Net Present Value(NPV method of capital budgetingANS.Expected Monetary Value (EMV) Total of the weighted payoffs as predicted outcomes related to one decision. The weightings relate to the likelihood, expressed as probabilities, of varied events generating the possible payoff. Mathematically, this is the product of an events occurrenceprobabilityand the gain or loss that will result.

Earned Value Analysis (EVA) Q.NO.5.

Explain the role played by engineering advisors in project finance. Explanation of the nature of the role played by engineering advisors in project finance Summarization of the role played by engineering advisors according four phases of activitiesANS.

Explanation of the nature of the role played by engineering advisors in project finance

The most common project finance construction contract is the engineering, procurement and construction (EPC) contract. An EPC contract generally provides for the obligation of the contractor to build and deliver the project facilities on a turnkey basis, i.e., at a certain pre-determined fixed price, by

Q.NO.6.

Define PPP (Public Private Partnership) and list the advantages and disadvantages of PPP . Define PPP List advantages of PPP List disadvantages of PPPANS.

Define PPP

Apublicprivate partnership(PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or moreprivate sectorcompanies. These schemes are sometimes referred to as PPP, P3 or P3


PM 0013 MANAGING HUMAN RESOURCES IN PROJECTS DRIVE: SUMMER 2014MBA (SEM 3)

Q.NO.1.

Write short notes on: Human Resource Cycle Role of a project manager Productivity measurement method of manpower estimation Managing Conflicts in a projectANS.

Human Resource Cycle

Human resource cycle consists of 4 main elements,-Acquisition- this invloves identifying staffing needs, recruitment and selection-Development- involves training and development, and maintenance of data

Q.NO.2.

What is the need for building a team during any project?Define team building and its significance. Discuss the various reasons for building a project teamANS.

Define team building and its significance.

Team buildingis a philosophy ofjob designin which employees are viewed as members of interdependent teams instead of as individual workers.[1]Team building (which is correctly spelled with two words)[citation needed]refers to a wide range of activities, presented to businesses, schools, sports

Q.NO.3

Write short notes on Qualities of a project leader Dealing with Poor Performers in a Project Team Minority groups Health issues of project team members

ANS.

Qualities of a project leader

Excellent Communicator- We will start off with this one as it is arguably the most important of all. Being able to communicate clearly and effectively when managing any project or team is a skill that is absolutely essential.Q.NO.4.What are the major roles that motivation plays in handling project environment? Explain how motivation plays a considerable role in the success and failure of a project Discuss the major roles of motivation in a project environment

ANS.

Explain how motivation plays a considerable role in the success and failure of a project

Motivation is inextricably linked withleadershipandpower. Research has shown that use of autocratic, coercive or laissez-faire leadership styles can have a detrimental effect on motivation. This is obvious to those who have worked with such managers! More effective leadership styles emphasise the leader as an initiator, negotiator, coach and participant. The last one is interesting if a leader is viewed as a

Q.NO.5.

Explanation of four types of collective bargaining.

ANS.

Explanation of four types of collective bargaining

A collective bargaining process generally consists of four types of activities- distributive bargaining, integrative bargaining, attitudinal restructuring and intra-organizational bargaining.

Distributive bargaining: In distributive bargaining, one partys gain is another partys loss. This is most commonly explained in terms of a pie. Disputants can work together to make the pie bigger, so there is enough for both of them to have as much as they want, or they can focus on cutting the pie up, trying to get as much as they can for themselves. In general, distributive bargaining tends to be more competitive. Q.NO.6.

What is a Human Resource Information System(HRIS). Define HRIS Very briefly Functions of HRIS List any two advantages of HRIS List any two disadvantages of HRIS

ANS.

Define HRIS

Human Resources Information System (HRIS), refers to the systems and processes at the intersection betweenhuman resource management(HRM) andinformation technology.[1]It merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field, whereas the programming of data processing systems evolved into standardized routines and packages ofenterprise resource planning(ERP) software.

Very briefly Functions of HRISFOR FULL ASSIGNMENTS, PLEASE CALL ON 09712985389.WHATSAPP: 9830110214


smu mba 3rd sem project management

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