DOMS404 ADVANCED PROJECT MANAGEMENT

Description

SESSION	February – March 2024
PROGRAM	MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER	IV
course CODE & NAME	Advanced Project Management & DOMS404
CREDITS	04

 

 

Assignment Set – 1^st

Questions

 

1. a. Explain the basic steps of project planning. Also, explain the objectives and special requirements of the project.

Ans: Project planning is a critical phase in the project management process, where the scope, objectives, resources, timeline, and deliverables of the project are defined and documented.

The basic steps of project planning typically include: 

Define Project Objectives: Clearly define the project objectives, including what needs to be achieved, why it’s important, and how success will be measured. Objectives should be specific,

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2. a. Explain the cost-plus fixed fee contracts along with their advantages and disadvantages.

Ans: Cost-plus fixed fee contracts are a type of procurement contract commonly used in project management and contracting. In a cost-plus fixed fee contract, the contractor is reimbursed for all allowable costs incurred in the performance of the contract, and in addition, receives a predetermined fixed fee regardless of the actual costs incurred. 

Here’s how cost-plus fixed fee contracts work: 

Cost Reimbursement: Under a cost-plus fixed fee contract, the contractor is reimbursed for all allowable costs incurred

 

3. a. How can we estimate the duration of activities? Explain. List various factors that affect the project activities.

Ans: Estimating the duration of activities is a critical aspect of project planning, as it helps project managers develop realistic schedules, allocate resources effectively, and manage project timelines.

There are several methods and techniques for estimating activity durations, each with its own strengths and limitations.

Here are some

 

 

 

 

 

 

Assignment Set – 2^nd

Questions

 

4. a. Explain the steps of the conformance of the quality process. Also, describe why the conformance of quality is necessary in project management.

Ans: The conformance of quality process, also known as quality control, involves ensuring that project deliverables meet specified quality standards and requirements. It focuses on detecting and addressing defects, errors, or deviations from quality criteria to ensure that the final product or service meets

 

5. a. Give an example to show the relationship between the theory of constraints and CCPM.

Ans: The Theory of Constraints (TOC) and Critical Chain Project Management (CCPM) are both methodologies used to optimize processes and improve project performance. While they have distinct principles and techniques, they share a common goal of identifying and managing constraints to enhance overall system efficiency and effectiveness.

Here’s an example to illustrate the relationship between the Theory of Constraints and CCPM: 

 

6. a. Explain the project selection criteria based on technical competency.

Ans: Project selection criteria based on technical competency involve assessing the project’s alignment with the organization’s technical capabilities, expertise, and resources. Technical competency criteria help ensure that selected projects are well-suited to the organization’s strengths and can be executed effectively and efficiently.

Here are some key factors to consider when evaluating projects based on technical competency: