DOMS306 INTRODUCTION TO PROJECT MANAGEMENT

Description

SESSION	JAN – FEB 2026
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	III
COURSE CODE & NAME	DOMS306 INTRODUCTION TO PROJECT MANAGEMENT

 

 

Assignment Set – 1

 

Q.1. Explain the concept of a project and the objectives of project management. Discuss the key principles, knowledge areas, and constraints that guide effective project management. (5+5 = 10 Marks)

Ans 1.

Concept of a Project and Objectives of Project Management

The term “project” refers to a short-term effort to produce the most unique service, product or outcome. The project has a predetermined time frame as well as a specified task scope, and the resources required for the achievement of its goals. The term “project” is different from “routine activities because they are only not continuous distinct from routine as well as cross-functional instead of being restricted to one particular organisational unit. For instance, a project could involve building a

 

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Q.2. Describe the project management life cycle and explain the different types of project planning, including project plans, procurement plans, and key resources. (10 Marks)

Ans 2.

Project Management Life Cycle

The life-cycle of project management defines the stages that every project goes through from inception to completion. Although different methods employ different terms, the common life cycle that is recognized as such by the Project Management Institute consists of five processes that include Initiating, Planning Executing Monitoring and Controlling and closing. The process groups do not constitute only

 

 

 

Q.3. Discuss the quantitative and qualitative approaches of demand forecasting. How do project costs, plant capacity, and financial feasibility influence project viability. (10 Marks)

Ans 3.

Quantitative Approaches to Demand Forecasting

Quantitative forecasting techniques rely on historic data as well as mathematical models to forecast the demand for the coming years. They’re most useful in situations where sufficient historical data are readily available, and the demand pattern is likely to be steady. Time Series Analysis examines patterns in demand from the past and project the future through exponential smoothing and ARIMA models. Regression Analysis uncovers the causal connections between demand and

 

Assignment Set – 2

 

 

Q.4. Discuss project selection and capital budgeting techniques such as NPV, IRR, and profitability index. How are multiple project constraints handled during selection. (5+5 = 10 Marks)

Ans 4.

Project Selection and Capital Budgeting Techniques

Selection of projects is the act of reviewing competing investment plans and selecting those that match the company’s strategy and resources available, while also generating satisfactory financial returns. Capital budgeting strategies provide quantifiable methods for this assessment through analyzing expected cash flow of every project in relation to the initial amount of

 

 

Q.5. Explain project monitoring and controlling using earned value analysis. How does project auditing evaluate performance, compliance, and project outcomes. (5+5 = 10 Marks)

Ans 5.

Project Monitoring and Controlling Using Earned Value Analysis

Monitoring and controlling of projects is the ongoing monitoring of progress on the project in relation to the plan of baseline and identifying any deviations before making corrective actions to restore performance line with the goals. Earned Value Analysis provides the most thorough and

 

Q.6. How is procurement management integrated into project planning, including solicitation and contract administration. (10 Marks)

Ans 6.

Procurement Management in Project Planning

Procurement management refers to the procedure of planning, buying as well as managing the supply of goods, services and the results derived from outside of the organisation. Procurement management that is effective is crucial for project success since externally procured inputs usually constitute an important portion of the costs and risk to the schedule. The integration of procurement management into planning for projects is a key element of