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1. To get full answers mail us at stuffstudy5@gmail.com , or
Call us at : 09816280608
EXECUTIVE MBA
(POWER MANAGEMENT)
SEMESTER IV
YEAR: 2013
SESSION: JULY
ASSIGNMENT – 2
FOR
Project Management & Its Applications
(MBCQ 724D)
(TO BE FILLED BY THE STUDENT)
NAME:
_______________________
SAP NO/REGN NO:
_______________________
Section A (20 Marks)
Write short notes on any four of the following:
1.
Project Management System
Answer : Project Management Systems
Project management systems are software tools that assist in the organization and moderation of a
project throughout its life cycle. Most project management systems provide project managers with
these basic enhancements:
Project visibility: shows the project as a whole, allowing one to accurately predict the results
of project constraints (scope, time, costs, etc.)
Resource visibility: shows the resources available in a project, allowing one to properly
distribute and prioritize work
2.
Performance Analysis
Answer : Performance Analysis is the provision of objective feedback to performers trying to get a
positive change in performance. Essentially it is about telling the athlete what actually happened as
opposed to what they perceived to be happening. Research shows that on average, athletes and
coaches can only recall 30% of performance correctly - performance analysis helps with the
remaining 70%.
The analysis can either take place

2. 3.
Optimum Project Schedule
Answer : These are some of the basic rules that we find to help people avoid long term problems
when trying to manage a schedule in any WBS (Work Breakdown Structure) based scheduling
software. These basic practices are often ignored when working in applications like Microsoft
Project, but they can become problematic when you attempt to manage a schedule in a highly
visible online environment.
1. Don't set deadlines while scheduling. We all have deadlines, but setting them in the schedule
before having all of the work defined only makes the process more difficult. Without properly
defining the work breakdown structure,
4.
Project Workflow Sector
5.
Vendor evaluation
Answer : It makes no difference what business you are in, suppliers and vendors play a key role in
your company's success. Having a formalized system in place to track and evaluate supplier and
vendor performance is essential to the smooth operation and profitability of your company.
Successful companies embrace their suppliers and vendors, viewing them as partners in helping to
grow the business.
1. Establish Performance Indicators
At the onset of the vendor relationship
(Attempt any three)
1.
What are the major software’s available for project monitoring and control?
Answer : Throughout the executing process, there is also another project management process
group of stages that is happening. Monitoring and controlling often happens concurrently with
executing, but this particular group offers its own separate list of tasks. Often what is associated
with monitoring and controlling is checking to make sure that the work output from the executing
processes match what the end objectives of the project are. It also involves making adjustments as
needed.
The monitoring and controlling phase can be made easier by the use project management
software. Monitoring progress against the values entered into the computer program during the
initiating, planning, and executing stages, one can get a clearer picture of what is happening with the
project. But it is not enough to merely monitor the project; the project manager must also control
the project, nudging it back on track when it
2.
Describe various types of “Bell” and “S” curves and their significance. How can these
curves be used for project progress monitoring?
Answer : What Is a Bell Curve?

3. To be technical, the kinds of bell curves that we care about the most in statistics are actually called
normal probability distributions. For what follows we’ll just assume the bell curves we’re talking
about are normal probability distributions. Despite the name “bell curve,” these curves are not
defined by their shape. Instead an intimidating looking formula is used as the formal definition for
bell curves.
But we really don’t need to worry too much about the formula. The only two numbers that we care
about in it are the mean and standard deviation. The bell curve for a given set of data has center
located at the mean. This is where the highest point
3.
What factors must be considered to have an effective procurement planning?
Answer : Sustainable procurement (SP) is about taking social and environmental factors into
consideration alongside financial factors in making procurement decisions. It involves looking
beyond the traditional economic parameters and making decisions based on the whole life cost, the
associated risks, measures of success and implications for society and the environment. Making
decisions in this way requires setting procurement into the broader strategic context including value
for money, performance management, corporate and community priorities.
Sustainable procurement is the process by which organizations buy assets, supplies or services by
taking into account a number of factors including:
Value for money considerations such as, price, quality, availability, functionality.
The entire life cycle of products.
Environmental aspects; the
4.
Explain the impacts of overtime, workforce size, and work intensity on rework.
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