M.Com DCM6205 PROJECT PLANNING, APPRAISAL & CONTROL

Description

SESSION	April 2023
PROGRAM	M.com
SEMESTER	II
course CODE & NAME	DCM6205 – PROJECT PLANNING, APPRAISAL & CONTROL

 

Set – 1

1. Write short notes about time estimation in:
2. PERT
3. CPM

Ans: a) PERT (Program Evaluation and Review Technique):  PERT is a project management technique used to estimate the time required to complete a project. It involves analyzing the critical path, which is the longest sequence of dependent activities, and considering the three time estimates for each activity: optimistic time (O), most likely time (M), and pessimistic

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2. What is the need for project planning? Discuss about the active players/stakeholders involved in a project.

Ans: Project planning is crucial for successful project execution and achieving desired outcomes. It involves defining project objectives, determining project scope, developing a comprehensive project plan, and identifying the necessary resources, tasks, timelines, and dependencies

3. Write short notes on:
4. Project Life Cycle

                b).Impact of delays on Project completion

Ans: a) Project Life Cycle: The project life cycle refers to the series of stages that a project goes through, from its initiation to its closure. It provides a structured approach for managing and executing projects.

Although the specific phases may vary depending on the project management methodology used,

 

Set – 2

1. What are the responsibilities of project team?

Ans: The responsibilities of a project team may vary depending on the specific project and organizational structure.

However, here are some common responsibilities that project teams typically have: 

Project Planning: The

2. Write a detailed note on elements of Purchase cycle.

Ans: The purchase cycle, also known as the procurement cycle or purchasing process, refers to the series of steps and activities involved in acquiring goods or services for an organization.

The purchase cycle

 

3. Define Risk. Elucidate the different types of risk.

Ans: Risk can be defined as the possibility of experiencing harm, loss, or undesirable outcomes. In the context of project management, risk refers to uncertain events or conditions that, if they occur, can have a negative impact on the project’s objectives, schedule, budget, quality, or overall