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Description
| SESSION | JAN-FEB 2026 |
| PROGRAM | MASTER OF COMMERCE (M.COM) |
| SEMESTER | II |
| COURSE CODE & NAME | DCM6205 PROJECT PLANNING, APPRAISAL AND CONTROL |
Assignment Set – 1
Q.1. Explain the project identification process and describe the four stages involved in it. (10 Marks)
Ans 1.
Project identification is the foundational stage of the project management life cycle. It is where possible investments or projects are found, analyzed in a first-hand manner, and subsequently selected for further development. It’s the way in that an organization translates its strategies, objectives for environmental analysis and stakeholder requirements into a list of feasible concept ideas that merit effort and time to develop further. If they do not have a thorough project identification process, organizations risk taking on projects that do not match strategies or which provide inadequate returns in
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Q.2. Develop the network diagram and determine the earliest start time and earliest finish time for each activity.
| Activity | Description | Predecessor | Duration (days) |
| A | Design | 10 | |
| B | Procure prototype parts | A | 10 |
| C | Fabricate prototype parts | A | 8 |
| D | Assemble prototype | B, C | 4 |
| E | Test prototype | D | 7 |
| F | Adjust design | E | 6 |
| G | Procure production parts | F | 15 |
| H | Fabricate production parts | F | 13 |
| J | Assemble production unit | G, H | 9 |
Ans 2.
Network Diagram and Forward Pass
Analysis of project networks aids by arranging the activities in their logic so that project completion time can be estimated systematically. Through the forward pass approach every activity is scrutinized from the beginning of the project toward the completion. The activities that do not have predecessors begin with zero. Activities that have predecessors are only able to begin once all previous requirements are comple
Q.3. List the various cost forecasting techniques and explain any two in detail. (10 Marks)
Ans 3.
Cost Forecasting Techniques
Cost forecasting refers to the method of estimating the future costs of a project in different stages of its lifecycle and aiming to enable accurate financial planning, resource allocation and project control decisions. Accurate cost forecasting is essential because it forms the basis of budget establishment, funding decisions, and performance measurement. The most popular methods for cost forecasting that are used for project management comprise Analogous Estimating Parametric
Assignment Set – 2
Q.4. What is a Project Management Information System? Discuss the key considerations in its design, the sub-systems of a PMIS, and the components of those sub-systems. (10 Marks)
Ans 4.
Project Management Information System (PMIS)
The Project Management Information System (PMIS) is a tool, process, and procedures used to collect, store, organise, analyse, and distribute data related to projects that aids in decision making by project executives and other stakeholders through the duration of a project. It offers a centralised database that ensures the right information is available to the right people at the right moment to allow efficient planning, execution controlling, and monitoring of projects’ activities. A well-designed PMIS improves visibility of projects and reduces the gap in information between members of
Q.5. Explain the various phases of contract management. (10 Marks)
Ans 5.
The term “contract management” refers to the complete process of systematically managing contracts from their initial creation through execution to termination, making sure that all parties fulfill their commitments and the company extracts maximum value from each contractual relationship. It is a series
Q.6. Explain the terms: BCWS, BCWP, ACWP, Cost Variance, Schedule Variance (Cost), CPI, SPI. (10 Marks)
Ans 6.
Earned Value Management (EVM) is a method of measure of performance methodology that incorporates scope, schedule, and cost factors to offer an objective evaluation of the project’s overall health. The following are the core metrics of the EVM framework.
BCWS – Budgeted Cost of Work Scheduled
BCWS, also called