M.Com DCM6205 PROJECT PLANNING, APPRAISAL & CONTROL

Description

SESSION	SEPTEMBER 2023
PROGRAM	M.com
SEMESTER	II
course CODE & NAME	DCM6205 – PROJECT PLANNING, APPRAISAL & CONTROL
CREDITS	4

 

 

Set – 1^st

Questions

1. Discuss in brief the need for Project management. Also throw light upon the project management processes.

Ans:Project management is essential for organizations to successfully plan, execute, and complete projects within scope, time, and budget constraints. It provides a structured framework for managing tasks, resources, and stakeholders, ensuring that projects are delivered efficiently and effectively.

The need for project management arises from the following reasons: 

Complexity of Its Half solved only

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2. Write short notes on:
3. Project Life Cycle
4. Impact of delays on Project completion

Ans:A. Project Life Cycle:  The project life cycle represents the stages a project goes through, from initiation to completion.

Different methodologies may define various phases, but a typical project life cycle includes: 

Initiation: In this phase, the project is defined at a broad level. The project’s purpose, scope, feasibility, and objectives are identified, and initial stakeholders are engaged.

Planning: Detailed planning takes place in this phase. Project managers develop a project plan outlining tasks, timelines,

 

3. Elucidate various forms of Organizational Structures.

Ans:Organizational structure refers to the way an organization arranges its hierarchy, lines of authority, and communication. The choice of organizational structure influences how tasks are divided, responsibilities are assigned, and information flows within the organization.

Several forms of organizational structures exist, and the most common ones include:

 

 

Set – 2^nd

Questions

1. Define Quality. Discuss in detail Value engineering.

Ans:Quality:  Quality refers to the degree of excellence or superiority of a product, service, process, or project. It involves meeting or exceeding customer expectations and adhering to established standards or specifications.

Quality is a multidimensional concept that encompasses various aspects, including: 

Performance:

 

2. Write a detailed note on Project management information system.

Ans:A Project Management Information System (PMIS) is a set of tools, processes, and methodologies used to collect, organize, store, and disseminate information related to project activities. It serves as a central hub for project-related data, enabling project managers and stakeholders to make informed decisions and effectively manage the various aspects of a project. A robus

 

3. Vrinda Ltd, A construction company has constructed a Bunglow for a client. Create the steps of Project closure that would be required while handing over the Bunglow to the client.

Ans:Project closure is a critical phase in the project management life cycle, and it involves a series of steps to ensure the smooth and successful conclusion of a project.

In the context of Vrinda Ltd constructing a bungalow for a client, here are the steps for project closure: 

Final Inspection