MS-52 Project Management Test Paper
MBA - Master of Business Administration
Note: There are two Sections A and B. Attempt any three questions from Section A. All questions in Section A carry 20 marks each. Section B is compulsory and carries 40 marks.
1. What are the important phases of a project life cycle? Discuss each phase briefly with key issues involved in it.
2. Detailed Project Report (DPF) forms the foundation on which the entire superstructure of the project is built --- if it is weak, the project cannot with stand the turbulent times ahead. Bring out the dos and don'ts of a good DPR.
3. Bring out the difference between CPM (Critical Path Method) and PERT (Program Evaluation and Review Techniques and their suitability of use. Explain critical path for the above with suitable examples).
4. What quality control methods prevalent in project management? Explain why TQM is important in project management,
5. Explain the following key elements while controlling the projects:
(I) Establishing the standards
(II) Measuring performance against standards
(III) Correcting variation from standards
SECTION B
6. In a transmission line project, the normal estimate and the 'crash' estimate are as given below:
| Activity | Normal Estimate | ‘Crash’ Estimate | |||
| Time (Weeks) | Direct cost for the activity (Rs. lakhs) | Time (weeks) | Direct cost for the activity (Rs. lakhs) | ||
| (1,2) | 12 | 1 | 9 | 2.5 | |
| (2,3) | 4 | ––- | 3 | 0.4 | |
| (2,4) | 20 | ––– | 20 | ––– | |
| (3,5) | 20 | 5 | 14 | 6.5 | |
| (3,6) | 8 | ––– | 4 | 0.2 | |
| (3,7) | 8 | ––– | 4 | 0.2 | |
| (4,7) | 8 | 0.5 | 4 | 1.0 | |
| (6,7) | 8 | 0.4 | 5 | 1.0 | |
| (7,8) | 12 | 3 | 9 | 4.0 | |
| (8,9) | 4 | 0.1 | 1 | 0.5 | |
Indirect costs: Rs. 35,000 per week
(i) Draw the project network. Find out the critical path and its duration.
(ii) Calculate the cost slope of various activities.
(iii) Crash the project to 43 weeks and calculate the total cost.
