Project Management Solution for NMIMS Dec 23
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Q1. Assume your company has got the contract to build a new airport in Goa. It is a very important project for you and your company. How are you going to manage the different stages of the project?
Q2. The activity involved in a certain project have been identified as follows:
| Job | Time (weeks) | No. of Men required | Precedence requirements |
| A | 5 | 1 | – |
| B | 10 | 1 | A |
| C | 8 | 2 | A |
| D | 6 | 3 | B,C |
| E | 7 | 1 | B,C |
| F | 4 | 2 | E |
| G | 4 | 2 | D,F |
| H | 2 | 1 | G |
- For the above project draw the network (using the MS word line function) and determine the critical path.
- If there are three men available at any one time how long would the project take and how would you allocate the men to the activities?
- If there are no restrictions on the amount of labour available, explain how you would schedule the activities? (10 marks)
Q3. Steel Authority of India Limited (SAIL) that runs Visvesvaraya Iron and Steel Plant (VISP) at Bhadravati in Karnataka decided to close the unit last year. Founded in 1954, SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. SAIL has declared VISP a loss-making unit. Please suggest:
- A transition plan for the project and factors that might affect the smooth termination of the projects. (5 Marks)
- List down the contents of Closure report and the post closure activities you would suggest to be undertaken. (5 Marks)
Old before Dec 2023
1. Consider a business of a pharma / software / media company, anyone. In this context, explain different Project Life Cycle (PLC) Models and give an example of project for each model. Considering the business you selected, comment which model will pose the most difficult challenge in terms of managing the project.
2. A XYZ company is launching the new project consist of designing and constructing an Airport and other Infrastructure around it. Consider following details for the project.
Feasibility study
Estimating the cost – Material and Construction
Designing of Airport and other Infrastructure around it.
Procuring the material
Construction and installation
Finishing work
Explain three types of project organization structures and evaluate their applicability for this case. Assume details where required. Suggest the best suitable structure for the given project.
3. Answer the following questions.
a. The project in a pharma company was planned to be completed in 12 months. After the eight month a review as called. It was found that Rs. 120000 was spent on the project for 48% of project completion. The total project budget was Rs 240000. Calculate and explain the schedule and cost performance index for this situation. (5 Marks)
b. A XYZ company is launching the new project consist of designing and constructing an Airport and other Infrastructure around. Consider following details for the project.
a. Feasibility study
b. Estimating the cost – Material and Construction
c. Designing of Airport and other Infrastructure around.
d. Procuring the material
e. Construction and installation
f. Finishing work
List different cost estimation methods. Explain any three methods which can be used in this project. Suggest which one will be the best method for this project. (5 Marks)
June 2023
Q1. Sumitra Club Condominium, located on the Kolva, is undertaking a summer renovation of its main building. The project is scheduled to begin May 1, and a September 1 (17-week) completion date is desired. The condominium manager identified the following renovation activities and their estimated times.
| Activity | Immediate Predecessor | Time |
| A | — | 3 |
| B | — | 1 |
| C | — | 2 |
| D | A, B, C | 4 |
| E | C, D | 5 |
| F | A | 3 |
| G | D, F | 6 |
| H | E | 4 |
- Draw a project network. (Note: Handwritten diagram is prohibited)
- What are the critical activities?
- What activity has the most slack time?
- Will the project be completed by September 1? (10 Marks)
Q 2. Draw the Work Break down structure for the following activities for Aruan Gargoo.
Aruna Gargoo is thinking about one exhibition of her khakhra brand in one business fair. (10 Marks)
Note: Handwritten diagram is prohibited
| Sr No | Task level | Task | Task to be completed before this Date |
| 1 | Office level | Designing a product catalogue | 1-2-2023 |
| 2 | Office level | Prepare the product quantity list to be carried at exhibition | 4-2-2023 |
| 3 | Office level | Preparation of stock according to this list | 8-2-2023 |
| 4 | Office level | Labelling and kit preparation | 9-2-2023 |
| 5 | Office level | Packing of products to be presented at exhibition | 12-2-2023 |
| 6 | Office level | Plan for Duties to be assigned to volunteers at the day of exhibition. Rahil: explanation of khakhra Sowmya: handling payment though options and maintaining customer archive for future connect. Shikha: handling testing counters. Raj: installation of counters | 15-2-2023 |
| 7 | Office level | Loading the good for exhibition | 18-2-2023 |
| 8 | Exhibition center | Installation of counter including offloading goods from vehicle | 18-2-2023 |
| 9 | Exhibition center | Activates at the center as per the assigned duties | 18-2-2023 |
Q 3 A: Interpret the following Decision Tree Diagram.
Follow the list of activities and draw the Network diagram only for Raj Kaul who is running a beverage center in Baleshwar.
Which are the predecessor activities mention in the conclusion.
| Activities | Activities supposed to be priorly done |
| A-Buying fruits | |
| B-Washing fruits | Buying fruits |
| C-Cutting fruits | Washing fruits |
| D-Mixing Cut-fruits for making fruit-salad | Cutting fruits |
| E-Putting cut-fruits into juicer for making fruit juices | Cutting fruits |
| F-Using cut-fruits for making ice cream | Cutting fruits |
| G-Packaging round | Mixing Cut-fruits for fruit salad, Putting cut-fruits into juicer for making fruit juices, Using cut-fruits for ice crems |
| H-Customers Delivery | Packaging round |
Q3 B: Interpret the following decision Tree diagram and write your conclusion using optimistic approach (Maximax).
Sinha Corporation’s decision to produce a new line of recreational products resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff Chart shows the projected profit in millions of INR.
June 2023 -2nd Set
Q1. A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. Prepare the RACI (Responsible, Accountable, Consult, Inform) Matrix with the following details.
- Brief activity list (6-8 activities).
- Figure out 4-6 project management related roles.
- Prepare the RACI Matrix for the same.
Q2. A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. Consider following details for the project.
- Feasibility study
- Estimating the cost – Material and Construction
- Designing of Stadium and Amenities.
- Procuring the material
- Construction and installation
- Finishing work
You as a project controller are asked to submit your plan for project control. Cover different project control tools and explain how they will be applied in this case. Also, mention as a head of project control which control you will monitor personally and why.
- Answer the following questions:
- A ABC company is launching the new project consist of designing and constructing a Cricket Stadium and Amenities around it. For this work we have three options. The details for these options are given below.
I: Initial investment
C1 to C6: Cash flow at the end of Year-1 to Year-6 respectively.
| I | C1 | C2 | C3 | C4 | C5 | C6 | ||
| Option-I | Cashflow | -20 | 5 | 5 | 5 | 5 | 5 | 5 |
| Option-II | Cashflow | -25 | 10 | 5 | 5 | 5 | 5 | 5 |
| Option-III | Cashflow | -30 | 10 | 10 | 5 | 5 | 5 | 5 |
Consider Discounting Rate as 8% per year. (5 Marks)
- Consider a hypothetical project of conducting a grand event in stadium.
Explain the triple constraints of a project in this context with the examples for each constraint. Give your summary comment about this.
April 2023
Q1. As an event manager, you have to organize a conference with more than 100 guests. Prepare the project charter and a project detailed project budget. (10 Marks)
Q2. To complete the same conference successfully, note down the strategies to be applied in different phases of the project life cycle, considering the triple constraint. (10 Marks)
Q3. As an accountable project manager for the same conference, you may have to contract out some parts from a third party for successful completion.
a. Create a work break down structure (5 Marks)
b. Suggest the contract type to be useful for different work packages with corresponding reasons. (5 Marks)
Dec 2022
Q1. You are going to organize a dinner party with your 60 batch mates. Prepare a project proposal indicating the project charter and a detailed project budget.
Q2. To successfully organize the dinner party, analyze the project’s feasibility in different life cycle phases with corresponding risks.
Q3. For the same dinner party
a. Prepare a work breakdown structure. (5 Marks)
b. Draw the Gantt chart indicating the progress and resource used in each task. (5 Marks)
April 2022
Q1. Consider a hypothetical project of conducting Annual Day in your university. In this context, explain how different Project Life Cycle Models can be considered. Write examples for each PLC Models in your answer and suggest which model will be the best suitable for this case. (10 Marks)
Q2. India’s Road and Transport Ministry has taken-up various Expressway Road Projects in the country. One of the such project consist of following broad scope of work
a. Constructing roads
b. Constructing tunnels
c. Constructing bridges over river
d. Constructing flyovers and junctions
e. Constructing convenient places (fuels stations, rest areas, etc.)
f. Developing a solution for speed monitoring
g. Finding suitable road material for areas in heavy flood zone
Prepare three types of project organization structures for this case. Evaluate and suggest the best suitable structure for the given project. (10 Marks)
Q3. Answer the following questions.
a. A project manager is struggling to select one of the following three options. Use appropriate method to evaluate the projects based on the given information.
I: Initial investment
C1 to C6: Cash flow at the end of Year-1 to Year-6 respectively.
| I | C1 | C2 | C3 | C4 | C5 | C6 | ||
| Project-01 | Cashflow | –20 | 5 | 5 | 5 | 5 | 5 | 5 |
| Project-02 | Cashflow | –25 | 10 | 5 | 5 | 5 | 5 | 5 |
| Project-03 | Cashflow | –30 | 10 | 10 | 5 | 5 | 5 | 5 |
Consider Discounting Rate as 8% per year. (5 Marks)
b. India’s Road and Transport Ministry has taken-up various Expressway Road Projects in the country. One of the such project consist of following broad scope of work
a. Constructing roads
b. Constructing tunnels
c. Constructing bridges over river
d. Constructing flyovers and junctions
e. Constructing convenient places (fuels stations, rest areas, etc.)
f. Developing a solution for speed monitoring
g. Finding suitable road material for areas in heavy flood zone
Prepare the Work Breakdown Structure for this project. (5 Marks)
Dec 2020
1. A software development project was planned to be completed in 12 months. The review of the project after eight months revealed that Rs. 120000 was spent on the project for 48% of project completion. Consider total project budget as Rs 240000. Calculate and explain the schedule and cost performance index for this situation.
2. Take an example of developing a residential project and carry out the project feasibility analysis using the six laws of project feasibility. (10 Marks)
3. You are given the task of preparing project plan for the “Annual Day Function” of your college.
a. Explain work break-down structure and prepare three levels of work break-down structure for this project plan. (5 Marks)
b. Consider hypothetical activities (4-5 tasks) and a project team of 3-4 positions. Prepare RACI Model for the given project plan. (5 Marks)
Previous Year Solution
- Your organization is looking for procuring project management software. You are asked to prepare a file note describing how this software will help your organization. You are required to list at least three project management software tools with details such as salient features, cost, etc. You are also asked to recommend a specific software tool with proper justification. Please introduce your organization before sharing your file note.
- You are celebrating the successful completion of a project. During the party, the Vice President of Projects in your organization pulled you aside and asked you the secret of the success of the project. You shared few points, which seemed to have impressed her. Next day, you got an email from her to submit a brief report describing the key factors that led to successful completion of your project. The report is also expected to provide top two recommendations to other project managers. Please introduce your organization before sharing your brief report.
- “No! I have worked on this concept for so long and I don’t want some bean counters coming and telling me to stop working on it” Natasha was very upset since the Head of Accounting & Finance department have told her boss to immediately stop the work as his department didn’t find the proposed project financially viable.
“Don’t get emotional!” Jaywant started talking to Natasha. Being a good friend, Jaywant wanted to help her. “First of all, tell me how the NPV and IRR figures looked for your proposed project.” “I am not sure,” Natasha was candid. “I didn’t do those calculations since I was busy with other parts of the project proposal.”
“That’s a great mistake, I must say. You must do these calculations and then get them verified by our Accounting & Finance department. I can help but I would suggest you take help of Manish. He is not only expert is this type of analysis but he also respects your engineering abilities and will surely like to find the way out to save your proposed project” Jaywant’s words helped Natasha to get out of her chair as she moved to her phone for calling Manish.
a. How will Manish explain the concept of NPV to Natasha?
b. How will Manish explain the concept of IRR to Natasha?