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SMU MBA SEM 4 PM SPRING 2015 ASSIGNMENTS
PM 0015 –
QUANTITATIVE METHODS IN PROJECT MANAGEMENT
1 Write short notes on:
Tracy-wiersema model
Central limit theory
2 What is parametric estimating? Explain the steps involved in the
development of a parametric model.
Define parametric estimating
Describe the 7 steps involved in
the development of a parametric model
3 1. What aspects of capital budgeting must be considered while
selecting a project?
2. Suppose an investment requires an initial outlay of $5 million
and has expected the cash flow of $1 million, $3.5 million, and $2 million for
the first three years.
a. Calculate:
The net present value using a 10%
required rate of return
Profitability Index using a 10%
required rate of return
b. Also suggest if the project
must be accepted.
1. Explain the 4 aspects of
capital budgeting that must be considered while selecting a project.
2. a. calculation of net present
value calculation of profitability index
b. Mention if the project must be
selected and give reasons why it should be project be selected/not selected
4 Explain the various expense items in a project.
List the various expense items in
a project
Describe each expense with
suitable examples
5 What are the major steps in time management process? What is
rolling wave planning?
Explain the 5 major steps in time
management process
Explain rolling wave planning
6 What are the steps that should
be followed to construct a “house of quality”?
Explain the 5 steps that should
be followed to construct a house of quality
PM 0016
–PROJECT RISK MANAGEMENT
1 What are the different risk categories? What is Risk Breakdown
Structure (RBS)?
Explain the 4 different risk
categories
Define RBS and how it helps in
analyzing risks
2 What is Risk Opportunity and Management System (ROMS)? What are
its benefits?
Define ROMS, why was it designed,
how can it be used?
List its objectives
Describe the output of ROMS
List any 4 benefits of ROMS
3 List the mitigation strategies/ideas for scope risks, schedule
risks and resource.
Listing of mitigation strategies
for
scope risks,
schedule risks and
Resource risks.
4 What are the sources of resource risks?
Explain the sources of
People risks
Outsourcing risks
Money risks
5 What are different types of scope risks?
List the types of scope risks
Explain the 3 scope risks
6 Explain the three point estimates used in quantitative risk
analysis.
Explain the term “three point
estimates”
Why are they used in quantitative
risk analysis
How is it different from PERT
distributions
PM 0017
–PROJECT QUALITY MANAGEMENT
1 What is the need for quality management? Explain the
significance of customer focus in quality management.
Explain the 4 reasons why
organizations need to implement quality management
Discuss the significance of
customer focus in quality management.
2 Explain the major project management standards and frameworks.
Explain the 5 major project
management standards and frameworks
3 What are the benefits of quality metrics? Explain the 3
categories of quality metrics.
List any 4 benefits of quality
metrics
Describe the 3 categories of
quality metrics
4 Discuss the major barriers to project quality improvement.
List and discuss the 8 major
barriers to project quality improvement.
5 What is SIPOC (Suppliers, Inputs, Process, Outputs, and
Customers)? Which 3 factors should you focus on developing SIPOC? Explain.
Define SIPOC
Explain the 3 factors you would
focus on developing SIPOC
6 Write short notes on the following problem solving
methodologies:
Brainstorming
Nominal Group Technique(NGT)
PM 0018
–CONTRACTS MANAGEMENT IN PROJECTS
1 Explain the importance of project parties in project completion.
Discuss the importance of the
project parties in terms of their functions
2 What is bidding? Describe the bidding process from the buyer’s
perspective
Define bidding and mention the
purpose of bidding
Describe 6 steps of the bidding
process from the buyer’s side.
3 Explain the structure of a contract.
List the elements of the contract
structure
Explain the elements
4 Explain Co-operative Benchmarking Process (COBAP)
Explain the 8 steps of the COBAP
process
5 Explain any 5 ways that contracts may be terminated or
discharged.
Describe any 5 ways that
contracts may be terminated or discharged
6 What are the different contract forms of PPP (Public Private
Partnership).
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