| SESSION | FEB-MARCH 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | 4 |
| COURSE CODE & NAME | DPRM404 CONTRACTS MANAGEMENT IN PROJECTS |
Assignment Set – 1
Q1. Explain the concept of Contract management. Also, outline in detail the significance of Project Procurement Management.
Ans 1.
Concept of Contract Management
Contract management refers to the process of creating, executing, and monitoring contracts made with customers, vendors, partners, or employees. It ensures that all parties to a contract meet their obligations effectively and that business goals are achieved within agreed timelines and budgets. The process includes drafting contract terms, negotiation, compliance monitoring, amendments, and closure. Effective contract management reduces risks, promotes accountability
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Q2. Detail the concept of Contract Lifecycle Management. Further to explain the importance of Contracts in a Project. 3+7
Ans 2.
Understanding Contract Lifecycle Management (CLM)
Contract Lifecycle Management (CLM) refers to the systematic process of managing a contract from its initial drafting to execution, performance monitoring, renewal, or closure. CLM ensures that contracts are accurate, compliant, and aligned with organizational goals. It involves various stages such as request, authoring, negotiation, approval, execution, obligation tracking, amendment,
Q3. Write a detailed note on the Bill of Materials. Also, discuss the various importance of the Bill of Materials.
Ans 3.
Understanding the Bill of Materials (BOM)
A Bill of Materials (BOM) is a comprehensive list that outlines all the components, raw materials, parts, assemblies, and sub-assemblies required to manufacture, build, or repair a product. It acts as a blueprint for the production process and includes key details such as part numbers, descriptions, units of measure, quantities, procurement source, and assembly instructio
Assignment Set – 2
Q4. Explain the process of Contracting.
Ans 4.
Contracting
Contracting is the formal process of establishing a legally binding agreement between two or more parties, typically a buyer and a seller, for the supply of goods or services. In project management, contracting ensures that external vendors, suppliers, or consultants contribute to the project under defined terms and conditions. The contracting process plays a vital role in ensuring that project deliverables are met on time, within budget, and to the agreed quality standard
Q5. Illustrate the key considerations and practices for drafting contract terms. 10
Ans 5.
Key Considerations and Practices for Drafting Contract Terms
Contract Drafting
Drafting contract terms is a critical part of contract management that defines the rights, obligations, expectations, and remedies for all parties involved. A well-drafted contract minimizes ambiguity, prevents disputes, and ensures enforceability under law. The language used must be precise, legally sound, and reflect a mutual understanding between parties.
Clarity and
Q6. What do you mean by GOI GFR? Outline in detail the challenges of complying with GFR.
Ans 6.
Meaning of GOI GFR and Challenges of Complying with It
GOI GFR
The General Financial Rules (GFR) issued by the Government of India (GOI) are a set of instructions that govern the financial management procedures for all government departments, public sector enterprises, and organizations receiving government funds. First introduced in 1947 and revised periodically—most recently in 2017—GFR lays down the framework for efficient,
| SESSION | FEB-MARCH 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | 4 |
| COURSE CODE & NAME | DFIN402 TREASURY MANAGEMENT |
Assignment Set – 1
Q1. Due to new trade restrictions, a mid-sized pharmaceutical company suddenly loses 60% of its export orders. Its cash reserves will dry up in three months, but it has ₹8 crore stuck in unpaid invoices from distributors.
- Propose two aggressive but legal tactics to recover the stuck payments within 45 days, considering these distributors are long-term partners.”
- The CFO wants to take a high-interest short-term loan as ‘quick fix.’ Present an alternative 3-step survival plan without borrowing that buys them 6 more months.
Ans 1.
Aggressive but Legal Recovery Tactics from Distributors
In the wake of unexpected trade restrictions, the pharmaceutical company faces a grave liquidity crisis due to losing 60% of its export orders. With ₹8 crore locked in receivables and only three months of runway left, aggressive yet lawful strategies must be initiated. The first tactic involves initiating a legally-binding invoice discounting agreement, wherein the company threatens legal action for breach of credit terms if payment is not made within 15 days, while offering a small discount (2–5%) as an incentive for faster clearance. This puts financial pressure on distributors
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Q2. Your family-owned steel plant receives an unexpected ₹25 crore insurance payout after a minor fire. The board is split: some want to invest in cryptocurrency, others in plant upgrades, and the finance head suggests playing it safe 5+5
- Create a risk spectrum (from reckless to ultra- conservative) showing where each proposed option falls, and add one unconventional middle-ground idea nobody considered.
- The youngest board member argues, ‘We should gamble 10% in crypto—what’s the worst that could happen?’ Draft a 5-line shutdown of this idea using real corporate treasury principles.
Ans 2.
Managing Sudden Insurance Windfall: Risk Allocation in Treasury Decisions
Constructing a Risk Spectrum
The ₹25 crore insurance payout presents a rare opportunity for strategic capital allocation. To assess options, a risk spectrum can be constructed to categorize each decision based on its potential volatility and alignment with treasury best practices. On the reckless end, investing in cryptocurrency falls under high risk due to its extreme price volatility, regulatory uncertainty, and lack of
Q3. A Dubai-based supplier offers your electronics firm a 12% discount on components—but only if you pay upfront in cash, bypassing normal banking channels. The deal would save ₹4.2 crore annually.
- List three ‘too good to be true’ red flags in this offer, and how you’d discreetly verify the supplier’s legitimacy without offending them.
- The CEO whispers, ‘Maybe we bend a few rules— everyone does.’ How do you respond using one historical example of a company ruined by such shortcuts? 5+5
Ans 3.
High Discount from Dubai Supplier: Risk vs. Temptation in Treasury
Red Flags in the Supplier’s Offer
The offer from a Dubai-based supplier—12% upfront cash discount, saving ₹4.2 crore annually—seems attractive but raises multiple concerns. First, bypassing normal banking channels is a major red flag. Any payment outside formal banking systems can signal tax evasion, money
Assignment Set – 2
Q4. A viral social media scandal hits your company (a retail chain). Overnight, 3 major banks freeze your credit lines, suppliers demand cash-in-advance, and customers initiate mass refunds. You have 72 hours to avoid insolvency. 5+5
- “Identify the #1 immediate action to buy time (e.g., asset sale, emergency negotiation tactic) and the hidden cost no one’s considering.”
- “The board demands ‘any solution that keeps us alive.’ Present a controversial 3-step survival plan—and the ethical/ legal line it might cross.”
Ans 4.
Immediate Action to Buy Time and Its Hidden Cost
When a social media scandal strikes a retail chain, causing banks to freeze credit lines and customers to initiate mass refunds, time becomes the biggest enemy. The number one immediate action is emergency asset liquidation—specifically, selling off easily disposable, high-value assets such
Q5. Your CFO locked in a 5-year loan at 9% interest last year. Now, rates are plummeting. The bank offers an ‘escape clause’: Pay a ₹2 crore penalty to refinance at 6.5%—but only if you decide in 48 hours. 5+5
- Calculate the break-even point (in months) for accepting the penalty. Then, argue why the math alone shouldn’t decide this.”
- “The sales team says, ‘Just take the loss—we’ll earn it back!’ Play devil’s advocate: What unpredictable market shift could make this the worst possible move?
Ans 5.
Break-even Point Calculation and Its Implications
The company is locked into a 5-year loan at 9% interest. The bank now offers refinancing at 6.5% with a ₹2 crore penalty, if exercised within 48 hours. To calculate the break-even point, let’s assume the loan
Q6. Your auto parts firm has a €20 million contract with a German buyer. Profits rely on EUR/INR staying above 88. Suddenly, Europe announces a recession. Your forex “expert” admits the hedging strategy was never finalized.
- Draft a 3-option crisis memo (e.g., renegotiate contract, panic-buy options, absorb the loss) with a gut-wrenching downside for each.”
- “The German client ominously says, ‘Maybe we cancel and find a local supplier.’ What unconventional term could you offer to keep the deal alive?
Ans 6.
Forex Hedging Failure: Crisis Management with a German Buyer
Crisis Memo with Three Risky Options
In the face of a sudden European recession and EUR/INR rate dropping below 88, your auto parts firm stands exposed on a €20 million contract. With no hedging strategy finalized, profits are in jeopardy. Here are three crisis options, each with a significant downside:
Option 1: Renegotiate the Contract
You may request the German buyer to revise the pricing or payment terms citing unforeseen forex volatility. This
| SESSION | FEB- MARCH 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DHRM401 COMPENSATION & BENEFITS |
Assignment Set – 1
Q1. Explain the concept of Compensation Management by briefly explaining the 3p Parameters. 4+6
Ans 1.
Concept of Compensation Management and the 3P Parameters
Compensation Management
Compensation Management is a strategic process that involves designing and implementing reward systems to ensure employees are compensated fairly, equitably, and competitively. It plays a vital role in motivating employees, retaining talent, and aligning employee performance with organizational goals. The primary aim is to attract skilled talent, motivate employees for better productivity, and retain them by offering a balanced and performance-driven
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Q2. Explain compensation management and different compensation components under both Indirect and Direct Compensation. Explain the process of value-based compensation design with a structure. 5+5
Ans 2.
Components of Compensation and Value-Based Compensation Design
Compensation Management
Compensation Management involves planning, developing, and managing a reward system that provides fair, equitable, and competitive remuneration to employees. It encompasses various components of pay that motivate employees to perform well and remain committed to the organization. These components can be broadly classified into direct compensation and indirect compensation, both of
Q3. Explain the objective of Performance Management. Briefly explain the process of Performance Management by depicting it through a flow chart. 5+5
Ans 3:
Objectives and Process of Performance Management
Performance Management is a systematic process used by organizations to improve individual and organizational effectiveness. Its core objective is to align employee activities with business goals to drive better results. This system involves setting clear expectations, monitoring performance, providing continuous feedback, and evaluating outcomes. One major goal is to develop employee potential through coaching, training, and performance reviews, ensuring they contribute
Assignment Set – 2
Q4. Define the methods, systems and processes of job evaluation. Explain the concept of Equity at both the Internal & External levels. 5+5
Ans 4.
Methods, Systems, and Processes of Job Evaluation
Job evaluation is the process of determining the relative worth of jobs within an organization to establish a fair and equitable pay structure. It helps eliminate pay inequalities by assessing each job’s value based on factors like responsibilities, skills, effort, and working conditions.
There are several
Q5. Define the Voluntary Retirement Scheme (VRS) concept and the reasons for adopting VRS. List Merits & Demerits of VRS? 5+5
Ans 5.
Understanding the Concept of Voluntary Retirement Scheme (VRS)
The Voluntary Retirement Scheme (VRS) is a strategic tool adopted by organizations to reduce surplus staff strength in a humane and structured way. Under this scheme, employees are given the option to retire voluntarily before the actual date of superannuation, usually with attractive compensation benefits. VRS is not forced retirement; instead, it is a legally valid and mutually agreed-upon exit mechanism that offers monetary and other benefits to those who opt for it. It helps
Q6. Explain the principles of Managerial Remuneration. Briefly elucidate important features of Executive Compensation and elements of Managerial Remuneration. 10
Ans 6.
Principles and Features of Managerial Remuneration
Principles of Managerial Remuneration
Managerial Remuneration refers to the compensation paid to the top executives and key managerial personnel in an organization. It includes salaries, benefits, incentives, stock options, and other perks offered in return for their strategic leadership and managerial responsibilities. In India, managerial remuneration is regulated under the Companies Act, 2013, especially for public companies. The remuneration must be justified, transparent, and aligned with the performance
| SESSION | FEB MARCH 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DHRM402 AND PERFORMANCE MANAGEMENT & APPRAISAL |
Assignment Set – 1
Q1. Explain the evolution of performance management.
Ans 1.
Evolution of Performance Management
Early Foundations of Performance Appraisal
The concept of performance management has evolved over many decades. In the early 20th century, organizations began recognizing the need to evaluate employee output to ensure efficiency. The earliest systems were merely performance appraisals focused on evaluating past performance. These were largely top-down, judgmental processes where supervisors rated employees annually based on their behavior or output. This approach was rigid, lacked employee
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Q2. Describe goal theory and its application in performance management.
Ans 2.
Concept of Goal Theory
Goal theory, developed by Edwin Locke in the 1960s, asserts that setting specific and challenging goals leads to higher levels of employee performance. According to this theory, goals serve as motivators because they direct attention, mobilize effort, increase persistence, and promote the development of strategies and action plans. Employees perform better when they have clear targets
Q3. Write short notes on:
- Principle of specificity
- Principle of measurability
Ans 3.
- Principle of Specificity
Understanding the Principle of Specificity
The principle of specificity is a fundamental guideline in performance management and goal setting that emphasizes the need for clearly defined and detailed objectives. It implies that performance goals should be tailored to specific job roles, tasks, or competencies. Vague or general goals can lead to confusion, misinterpretation, and lack of direction, whereas specific goals provide a clear
Assignment Set – 2
Q4. Briefly explain the role of feedback in the performance appraisal feedback system.
Ans 4.
Role of Feedback in the Performance Appraisal Feedback System
Feedback in Appraisals
Feedback plays a central role in the performance appraisal process. It serves as a communication bridge between employees and managers, ensuring that employees are aware of how their work is perceived, what they are doing well, and where they need to improve. Constructive feedback, when delivered effectively, can significantly enhance employee motivation, performance
Q5. Discuss the merits and demerits of 360-degree appraisal.
Ans 5.
Merits and Demerits of 360-Degree Appraisal
360-Degree Appraisal
The 360-degree appraisal is a comprehensive feedback system where an employee’s performance is evaluated not just by their immediate supervisor, but also by peers, subordinates, and sometimes even external stakeholders like clients. It provides a multi-dimensional view of performance, behavior, and interpersonal skills, making it a widely adopted method
Q6. Discuss the challenges of linking performance with rewards.
Ans 6.
Challenges of Linking Performance with Rewards
Understanding the Link Between Performance and Rewards
Linking performance with rewards is a widely practiced approach in performance management systems. It aims to drive employee motivation, retention, and productivity by recognizing and rewarding those who meet or exceed expectations. However, aligning rewards
| SESSION | JAN – FEB 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DHRM403 TALENT MANAGEMENT AND EMPLOYEE RETENTION |
Assignment Set – 1
Q1. Explain the need for talent management in any organisation.
Ans 1.
Need for Talent Management in Any Organisation
Talent Management
Talent management refers to the strategic process of attracting, developing, retaining, and utilizing individuals who can significantly contribute to an organization’s performance. It plays a critical role in ensuring that the right people are in the right roles, at the right time, and equipped with the right skills to meet business objectives.
Aligning Talent with
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Q2. Describe the components of adaptive talent strategy.
Ans 2.
Components of Adaptive Talent Strategy
Adaptive Talent Strategy
An adaptive talent strategy refers to a flexible and responsive approach to managing talent in alignment with evolving business needs, market changes, and workforce expectations. In today’s dynamic environment, organizations must shift from rigid traditional HR practices to agile talent strategies that
Q3. Discuss the objectives of talent planning.
Ans 3.
Objectives of Talent Planning
Talent Planning
Talent planning is a strategic process that focuses on aligning the organization’s future talent needs with its business goals. It includes forecasting workforce requirements, identifying gaps in talent, and developing strategies to attract, develop, and retain employees. Talent planning ensures that
Assignment Set – 2
Q4. Briefly explain the role of feedback in the performance appraisal feedback system.
Ans 4.
Role of Feedback in the Performance Appraisal Feedback System
Feedback in Appraisals
Feedback is a vital element of the performance appraisal process. It serves as a communication mechanism that informs employees about their performance, highlights strengths, points out areas of improvement, and guides future behavior. In a well-designed performance management system, feedback is not just a formality but a powerful tool for employee development
Q5. Explain the term retention. Discuss its importance.
Ans 5.
Understanding the Term Retention
Retention refers to the ability of an organization to retain its employees over time, particularly high-performing and skilled individuals. It is the process of ensuring that employees remain
Q6. Discuss the challenges in talent management.
Ans 6.
Challenges in Talent Management
Dynamic Business Environment
One of the major challenges in talent management is keeping up with the rapidly changing business landscape. As industries evolve due to technological advancements, market trends, and globalization, organizations must constantly update their talent strategies. The skills required today may not be relevant tomorrow, making it difficult to hire and retain future-ready talen
| SESSION | MARCH 25 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DHRM404 CHANGE MANAGEMENT |
SET 1
Q1: List the factors which can influence the process of communicating change.
Ans 1.
Communicating Change
Communication plays a crucial role in the successful implementation of organizational change. When change is not properly communicated, it can lead to confusion, resistance, and failure in execution. The process of communicating change involves a series of deliberate steps to ensure clarity, transparency, and alignment with the organization’s vision and goals.
Leadership Style and
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Q2: What do you understand by driving forces? Also, explain three basic forms of change.
Ans 2.
Understanding Driving Forces in Change Management
Driving forces are the elements within or outside an organization that push for change. They are the motivators that create pressure on the organization to evolve, improve, or transform its operations, culture, or strategy. These forces can be internal—such as declining productivity or low employee morale—or
Q3: Explain Organised Resistance? Highlight various behavioural reactions of employees towards change.
Ans 3.
Organised Resistance
Organised resistance refers to a structured and collective opposition to change within an organization. Unlike individual or passive resistance, it involves groups or teams who consciously plan actions to block or delay change initiatives. This form of resistance is usually stronger, more visible, and often coordinated through informal or formal leadership within the workforce.
Understanding
Q4: Throw some light on individual skill sets in Learning Organisations.
Ans 4.
Learning Organisations
A learning organisation is one that continuously transforms itself by encouraging learning at all levels. It promotes a culture where individuals acquire and apply knowledge to improve personal and organizational performance. Individual skill sets play a central role in driving this transformation, as personal development directly influences the collective learning ability of the organisation.
Personal Mastery
One of the foundational
Q5: Explain various reasons individuals resist change.
Ans 5.
Resistance to Change
Resistance to change is a natural human response when individuals perceive threats to their familiar environment, routine, or status. In organizational contexts, change may be necessary for survival or growth, but it often
Q6: Write a note on “organizational culture”.
Ans 6.
Organizational Culture
Organizational culture refers to the shared values, beliefs, norms, and practices that shape the behavior and thinking of individuals within an organization. It defines the way employees interact with each other, make decisions, approach problems, and pursue organizational goals. A strong culture aligns employees with the mission and vision of the company, creating a cohesive and
| SESSION | FEB-MARCH 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | IV |
| COURSE CODE & NAME | DPRM401 QUANTITATIVE METHODS IN PROJECT MANAGEMENT |
Assignment Set – 1
Q1. Define a project, explain its key characteristics. Also discuss the primary objectives of a project. Classified the different types of projects based on their scope and application.
Ans 1.
Definition of a Project
A project is a temporary, goal-oriented endeavor undertaken to create a unique product, service, or result. It has a clearly defined start and end point, specific objectives, and a set budget and resources. Unlike routine operations, projects are non-repetitive and aim to bring about change or innovation. Projects are often driven by business needs, customer requirements,
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Q2. What key aspects are studied in the Definition Phase of a project? Discuss the role and importance of network analysis in project management. 5+5
Ans 2.
Key Aspects Studied in the Definition Phase of a Project
The Definition Phase, also known as the project planning phase, is crucial as it sets the groundwork for the entire project lifecycle. During this phase, the project scope is defined, which outlines what the project will deliver and the boundaries within which it will operate. This is followed by identifying
Q3. What are the main benefits of Line of Balance (LOB) in project management? 10
Ans 3.
Line of Balance (LOB)
Line of Balance (LOB) is a graphical project management technique used to plan and control repetitive work processes. It is especially useful in industries like construction, manufacturing, and infrastructure where multiple units or tasks repeat across time and locations. Unlike traditional Gantt charts, LOB visually displays the rate of progress for different activities,
Assignment Set – 2
Q4. What is the role of the Work Breakdown Structure (WBS) in project planning? How does the WBS differ from the project schedule? 5+5
Ans 4.
Role of Work Breakdown Structure (WBS) in Project Planning
The Work Breakdown Structure (WBS) is a fundamental project management tool that plays a central role in planning and organizing project work. WBS is a hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish project objectives. It breaks down complex project goals into smaller, manageable components or work package
Q5. How does Microsoft Project assist project managers in finding and assigning resources based on criteria such as skill level or hourly rate?
Ans 5.
Microsoft Project’s Resource Management Features
Microsoft Project is a powerful project management software that enables project managers to plan, schedule, and manage resources efficiently. One of its most valuable features is its ability to help
Q6. What is the difference between indenting and outdenting tasks in Microsoft Project? How can tasks from Outlook be imported into Microsoft Project?
Ans 6.
Difference Between Indenting and Outdenting Tasks
In Microsoft Project, indenting and outdenting are features used to create a hierarchy or structure within a project plan. Indenting a task converts it into a subtask of the task above it. This means it becomes part of a group of related tasks that contribute to a higher-level activity, called a summary task. For example, if “Develop Website” is a summary task, indenting “Design
| SESSION | FEB-MARCH 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | 4 |
| COURSE CODE & NAME | DPRM402 PROJECT RISK MANAGEMENT |
Assignment Set – 1
Q1. How do you define Risk management? What is Uncertainty in risk management? 5+5
Ans 1.
Definition of Risk Management
Risk management in project management refers to the systematic process of identifying, assessing, prioritizing, and controlling risks that could impact the success of a project. A risk is any uncertain event or condition that, if it occurs, could negatively or positively affect the project’s objectives such as scope, schedule, cost, or quality. Risk management involves planning for potential
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Q2. What is Risk Breakdown Structure? Write down its advantages. 6+4
Ans 2.
Definition of Risk Breakdown Structure (RBS)
The Risk Breakdown Structure (RBS) is a hierarchical framework that categorizes and organizes potential project risks into a structured format. It serves as a visual representation, breaking down risks into multiple levels of detail according to their sources or areas of impact. Typically arranged in a tree-like format, the RBS starts with broad categories such as technical, external, organizational, or project management risks, and then drills down into more specific risk elements under each category.
An RBS functions similarly
Q3. Can you correlate Analysis Project Constraints, Scope Options and Opportunity Management?
Ans 3.
Understanding Project Constraints
Project constraints refer to the key limiting factors that affect a project’s execution and delivery. The three most common constraints are time, cost, and scope—often referred to as the project management triangle. These constraints are interdependent; a change in one often affects the others. For instance, reducing project duration may increase cost, or expanding the scope may require
Assignment Set – 2
Q4. What is your opinion on a Well-designed Risk Communication Plan? 10
Ans 4.
Purpose and Value of a Risk Communication Plan
A well-designed risk communication plan plays a critical role in project risk management. It outlines how information regarding risks will be shared among stakeholders, team members, sponsors, and other relevant parties. Risk communication is essential not only for transparency but also for ensuring that all parties are aligned in understanding, addressing, and responding to potential risks. Without effective communication, even a well-prepared risk
Q5. What do you know about trends in Project Risk- Focusing on Cybersecurity-SWOT analysis? 10
Ans 5.
Emerging Trend: Cybersecurity as a Critical Project Risk
In recent years, cybersecurity has emerged as a significant area of concern in project risk management. With the rapid digitalization of project tools, cloud storage, and remote collaborations, the likelihood of data breaches, hacking, ransomware, and phishing attacks has dramatically increased. Whether it’s an IT development project or a manufacturing setup using connected systems (IoT), cybersecurity threats can lead to project delays, data loss, financial damage,
Q6. What is Project Experience, Functional Managers address Quality? 10
Ans 6.
Understanding Project Experience in Risk and Quality Context
Project experience refers to the accumulated knowledge, skills, and lessons learned from previous projects, which are applied to improve current and future project outcomes. It includes both successes and failures, covering aspects like risk response effectiveness, stakeholder communication, team coordination, and quality assurance.
Project experience is crucial in identifying and managing risks proactively. Teams that have encountered similar challenges in
| SESSION | FEB – MAR 2025 |
| PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | 4 |
| COURSE CODE & NAME | DPRM403 PROJECT QUALITY MANAGEMENT |
Assignment Set – 1
Q1. A company is planning to draft a policy statement for project quality management. Help the company with the essential components of the policy statement.
Ans 1.
Project Quality Management Policy
A Project Quality Management (PQM) policy statement serves as a formal declaration of an organization’s commitment to achieving and maintaining quality in its projects. It defines the guiding principles, standards, and expectations related to quality assurance and control throughout the project lifecycle. The statement not only reflects the organization’s values but also aligns project goals with customer satisfaction and regulatory compliance.
Commitment to
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Q2. Describe the capital budgeting process and explain some techniques companies can use to evaluate investment projects. 10
Ans 2.
Understanding the Capital Budgeting Process
Capital budgeting is a structured process used by companies to evaluate potential long-term investment opportunities. These may include purchasing new equipment, expanding into new markets, or launching a new product line. The goal is to determine whether such investments will generate sufficient
Q3. Describe the Industry 4.0 trends in building organizational project management capability.
Ans 3.
Industry 4.0 and Project Management
Industry 4.0, also known as the fourth industrial revolution, represents the integration of advanced digital technologies into industrial and business processes. This includes innovations like Artificial Intelligence (AI), Internet of Things (IoT), Big Data, Cloud Computing, Robotics, and Automation. As organizations adopt these technologies, they are also reshaping their
Assignment Set – 2
Q4. How a company building shipping vessels can reduce cost through the value engineering process.
Ans 4.
Value Engineering in Shipbuilding
Value Engineering (VE) is a systematic and organized approach to improving the value of a project or product by analyzing its functions and reducing costs without compromising quality, performance, or reliability. In shipbuilding, where projects are capital-intensive and complex, applying value engineering can significantly reduce costs while maintaining safety, design integrity, and operational performance.
Function
Q5. What are the key industry trends in inspection, test and measurement? 10
Ans 5.
Inspection, Testing, and Measurement (ITM)
Inspection, testing, and measurement (ITM) are critical quality control processes used across industries to ensure that products and systems meet specified standards and customer expectations. With advancements in technology and growing demand for accuracy and efficiency, ITM practices are evolving rapidly. New trends in ITM are enabling companies to enhance product quality, reduce errors, and increase compliance with regulatory standards.
Adoption of
Q6. Explain the popular concepts of measuring the value of project management. 10
Ans 6.
Project Management Value Assessment
Measuring the value of project management is essential for demonstrating its impact on organizational success. As businesses strive to optimize resources, ensure timely delivery, and improve outcomes, project management becomes a critical function. Assessing its value involves both quantitative and qualitative methods that reflect how project management contributes to strategic goals, customer satisfaction, and operational efficiency.
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