Master of Business Administration - MBA Semester 2 MB0049 – Project Management (4 credits) (Book ID: B1138) ASSIGNMENT- Set 1 Q1. What is meant by project management ? Discuss the need for project management. Answer: Project Management is all about a mindset. The major characteristics of project mindset: a) Time: It is an important parameter in framing the right mindset. It is possible to improve the pace of the project by reducing the time
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MB0049 – Project Management (4 credits) (Book ID: B1632 ) ASSIGNMENT- Set 2 Q1. Discuss the various steps of PMIS planning. Answer: Project Management Information System (PMIS) are system tools and techniques used in project management to deliver information. Project managers use the techniques and tools to collect‚ combine and distribute information through electronic and manual means. Project Management Information System (PMIS) is used by upper and lower management to communicate with each
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MOST IMPORTANT QUESTION BANK MB049 PROJECT MANAGEMENT Note: The bold words are the blanks or set of blanks for MCQ UNIT 1 1.A project is a set of activities which are networked in an order and aimed at achieving the defined goals for which the project is undertaken. Upon completion of all the activities‚ the goals of the project would have been achieved. 2.Management is the technique of understanding the problems and needs and controlling the use of resources‚ such as cost‚ time‚ manpower‚
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Briefly explain. Ans: The critical path method (CPM) is an algorithm for scheduling a set of project activities.[1] It is an important tool for effective project management. The essential technique for using CPM [6] [7] is to construct a model of the project that includes the following: 1. A list of all activities required to complete the project (typically categorized within a work breakdown structure)‚ 2. The time (duration) that each activity will take to completion‚ and 3. The dependencies
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Fall 2010(July-Dec) Master of Business Administration-MBA Semester 2 Project Management – MB0049 - 4 Credits (Book ID: B1138) Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. Q.1 Comment on the following a. Importance of DMAIS in project management cycle b. Knowledge areas of project management Q.2 Write few words on: a. Project Characteristics b. WBS c. PMIS d. Project Management strategies-Internal & external Q.3 What are the various SCMo soft
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Problem Set 2 Name: __________________________________________ Problem Set 2 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 4. 1. The following table presents data for wages in the market for internet security professionals. (HINT: in the labor market the roles are reversed. Those who want to hire labor are the demanders. The workers enter the work force providing labor to the market place so they are the suppliers.) Wage Quantity Demanded Quantity Supplied $50‚000
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ASSIGNMENT 1 Busn 521: Managerial Economics This assignment is due on Friday Oct 17th‚ 2014. Problem Set 2 1. Pat and Kris are roommates. They spend most of their time studying (of course)‚ but they leave some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. a. What is each roommate’s opportunity cost of making a pizza
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PROBLEM SET 2 Name: ___________________________________ Problem Set 2 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 4. 1. The following table presents data for wages in the market for internet security professionals. (HINT: in the labor market the roles are reversed. Those who want to hire labor are the demanders. The workers enter the work force providing labor to the market place so they are the suppliers.) Wage Quantity Demanded Quantity supplied $50‚000 20‚000 14‚000 $60
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Problem Set 2 Complete all questions listed below. Clearly label your answers 1. What impact would a change that shifts an economy’s production possibilities curve outward have on the long run aggregate supply curve? How have improvements in computer technology affected production possibilities and the long run aggregate supply curve? Explain Answer: Growth of population and the labor-force participation rate Capital accumulation Improvements in technology 2. Construct
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Supervision costs vary with direct labor costs in each department. 1. Calculate the budgeted cost of trophies and plaques based on a single plant-wide overhead rate‚ if total overhead is allocated based on total direct costs. 2. Calculate the budgeted cost of trophies and plaques based on department overhead rates‚ where forming department overhead costs are allocated based on direct labor costs of the forming department ‚ and assembly department overhead costs
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