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Paper / Subject Code: 52982 / Institute Optional Course-2: Project Management

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(2) Attempt any three questions out of the remaining five.

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(3) All questions carry equal marks.

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(4) Assume suitable data, if required and state it clearly.

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(5) Notations carry usual meaning.

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Q1. Answer the following (Any FOUR.) [20M]
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a) What are the contents of project charter? who prepares and authorizes the project charter?

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b) Compare the top-down budgeting and bottom-up budgeting.
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c) What is Goldratt’s critical chain method?
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e) Briefly describe the purchasing cycle.

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f) Explain the risk breakdown structure.
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Q2. (a) A consulting project has an actual cost of Rs. 35000, Scheduled cost Rs. 27000, and [5M]
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completed work is Rs. 31000. Find the Scheduled and Cost Variance. Also find SPI and CPI.
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(b) What is a contract? Explain different types of contracts in brief. [5M]

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(c) Consider a project having following cash flow stream. The cost of capital (r) for the firm is
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10% . Calculate NPV of project and decide whether to accept or reject the project. [10M]
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Year 0 1 2 3 4 5
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CASH 10,00,000 2,00,000 2,00,000 3,00,000 3,00,000 3,50,000

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Rs.
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affected with Project time during the life cycle of project? [10M]
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Q3. (b) Explain probability and impact matrix. What are the risk response strategies foe negative risks
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(threats) and positive risks(opportunities). [10M]

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Activity Predecessor to tm tp

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i) Draw the project network diagram. Find the critical path and expected project duration.

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ii) If the due date is 30 days. What is the probability that the project will be completed
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within the due date?
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Q4. (c) Explain importance of ethics in projects. [5M]

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Q5. (a) How communication is planned and managed in project management ? [10M]
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Q6. (a) What are four stages of team development and growth? What are the barriers to team
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effectiveness? [10M]
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Q6. (b) List and briefly describe the ways project may be terminated. What are some non-technical
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reasons for project termination? [10M]

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