INTERNATIONAL INSTITUTE OF MANAGEMENT STUDIES

PGDM (SEM - III)

Batch 2017-19
FINAL EXAM-PH-II
PG502: Project Management
Time: 2 Hour Max Marks: 60
Date: 26/12/2018
Instructions to the Candidates:
1. All case studies are compulsory.
2. Each case study carries equal marks.
3. Do not write your Name on the Answer Sheet.
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Q.1 Case Study

Congratulations you have joined a MNC as “Designate Project Manager “(PM) in a Product
development team,the duration of which will be for 90Days. There will be approximately 10team
member participating in this product development process and HOD of Finance of will be
leadProject Sponsorfor this event,

(Q1)Elaborate WBS (Work Break down Structure) and how will the WBS be Developed for this
product development process, Why is WBS important,

Q.2 Case Study

On the 15th Day,The HOD of Finance who is Vice president of the operations request you to
measure the total time of the various activities being planned for fresher week which is based on
lesson learnt in past few years, so that the product development can be planned without delay, the
data for which has been prepared by one of accounts department. The Time estimates for various
events of product development are shown below in Exhibit 1

Sr. Scheduled Event Activity Most Optimistic Pessimistic

No Sequenc Likely time (m) time
e Time(a) (b)
1 Event 1: 1-2 6 9 18
2 Event 2: 1-3 5 8 17
3 Event 3: 2-4 4 7 22
4 Event 4: 2-5 4 7 10
5 Event 5: 3-4 4 7 16
6 Event 6: 3-5 2 5 8
7 Event 7 : 4-5 4 10 22
Exhibit 1

Q1 Create PERT Diagramme and marks clearly the critical Path

Q2 Calculate the Expected Time to complete each activities and also the variance

Q.3 Case Study

The HOD of finance who is also a member of ProjectSponsor team is of opinion that this type of
project can also be based on lesson learned in the past and recommends you to use those. He also
recommends using risk management tools, explaining the following.

(Q1) What is Lesson learnt in Project Management, Why is it being Practiced.

(Q2) What isQualitative and Quantitative Risk Management, How can it be used to mitigate risk
in Organising fresher week?
(Q3) What all the powers the project Manager can use to effectively Manage the project?

Q.4 Case Study

On the 60th (Sixty day) of the project completion, The HOD of finance request you to update on
the various cost calculations using project cost management methodology. On request, the
accounts team had captured the various data as presented below in Exhibit 1 , The total capital
Outlay for the project was fifteen lacs Rs. 15,00,000/- ( Rs. Fifteen Lacs ) ,
Sr. No Cost Parameter Values (Rs)
1 Present Value (PV) 20000
2 Earned Value (EV) 50000
3 Actual Cost (AC) 60000
4 Debt Coverage Ratio (DCR) 2.79
5 Excess Coverage Ratio (EXC) 10%
Exhibit 1

(Q.1) Being the Project Manager, derive your answer on following parameters

(a)Schedule Variance (SV), (a) Cost Variance ( CV) ,(c) Schedule Performance Index ( SPI) ,
(d) Cost performance Index (CPI )

(Q.2) what is the Significance of SPI & CPI for this Project?

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