Mba – 2nd Sem Mb0049 – Set 1

Topics: Project management, Capability Maturity Model, Management Pages: 22 (6664 words) Published: December 15, 2010
Course MBA – 2nd Semester

Subject Project Management

Assignment MB0049 – Set1

Q.1 Comment on the following

a. Importance of DMAIS in project management cycle

The projectised mantras of production management can be broadly identified as - Define Measure, Analyze, Improve, Standardize (DMAIS). These projectised mantras help in identifying, evaluating, and selecting the right improvement solutions for managing a project. The mantras also help in identifying the critical issues thus assisting the organization to adapt to the changes introduced through the implementation of different solutions.

The phases associated with each projectised mantra of production management are:

1. Define: benchmark, customer requirement, process flow map, quality function deployment, project management plan 2. Measure: data collection, defect metrics, sampling
3. Analysis: cause and effect, failure modes and effect analysis, decision and risk analysis, root cause analysis, reliability analysis 4. Improve: Design of experiments, modeling and robust design 5. Standardize: control charts, time series, procedural adherence, performance management, preventive activities displays the various phases of DMIAS.

b. Knowledge areas of project management
There are nine knowledge areas in Project Management:
1.Project Integration Management
2.Project Scope Management
3.Project Time Management
4.Project Cost Management
5.Project Quality Management
6.Project Human Resource Management
7.Project Communications Management
8.Project Risk Management
9.Project Procurement Management
Each of the nine knowledge areas contains the processes that need to be accomplished within its discipline in order to achieve an effective project management program. Each of these processes also falls into one of the five basic process groups, creating a matrix structure such that every process can be related to one knowledge area and one process group.

Q.2 Write few words on:

a. Project Characteristics
The word PROJECT comes from the Latin word PROJECTUM from the Latin verb PROICERE; which means “to throw something forwards” which in turn comes from PRO-which denotes something that precedes the action of the next part of the word in time and ICERE, “to throw”. The word PROJECT thus actually originally meant “something that comes before anything else happens”. A project in business and science is a temporary endeavor undertaken to create a unique product, service, or result. Basically, it is planned to achieve a particular aim. The aim of a project is to attain its objective and then terminate. Some of the reasons to start a project can be: •A customer request or market demand

An organizational need
A customer request
A technological advance
A legal requirement
Projects and operations differ primarily in that operations are ongoing and repetitive, while projects are temporary and unique. Generally, a project is a means of organizing some activities that cannot be addressed within the normal operational limits. Project characteristics:

It is temporary – temporary means that every project has a definite beginning and a definite end. Project always has a definitive time frame. •A project creates unique deliverables, which are products, services, or results. •A project creates a capability to perform a service.

Project is always developed in steps and continuing by increments – Progressive Elaboration.

b. WBS
A work breakdown structure (WBS) in project management and systems engineering, is a tool used to define and group a project's discrete work elements in a way that helps organize and define the total work scope of the project.. A work breakdown structure element may be a product, data, a service, or any combination. A WBS also provides the necessary framework for detailed cost estimating and control along with providing guidance for schedule development and control. Additionally the...
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