1.Define project Management and its features?

According to Project Management Institute (PMI), Project can be defined as a temporary endeavor
undertaken to accomplish a unique objective at goal.
FEATURES:--
1.Objectives
2. Life cycle
3. Definite Time Limit
4. Uniqueness
5. Team work
6. Complexity
7. Sub-contracting
8. Risk and Uncertainty
9. Customer Specific Nature
10. Change
11. Response to Environments
12. Forecasting
13. Rational Choice
14. Optimality
15. Control Mechanism
Explain various tools and techniques of project management?

1.Project selection techniques
(a)Brainstorming
(b) Cost benefit analysis and
(c) Risk and sensitivity analysis

2. Project execution planning techniques
(a) Work breakdown structure (WBS)
(b) project execution plan (PEP)
(c) Project responsibility matrix and
(d) Project management manual

3. Project scheduling and coordinating techniques
(a) Bar charts
(b) Life cycle curves
(c) Line of balance (LOB) and
(d) Networking techniques (PERT/CPM)

4. Project monitoring and progressing techniques
(a) Progress measurement technique (PROMPT)
(b) Performance monitoring technique (PERMIT) and
(c) Updating, reviewing and reporting technique (URT)

5. Project cost and productivity control techniques
(a) Productivity budgeting techniques
(b) Value engineering (VE)

6. Project communication and clean-up techniques
(a) Control room and
(b) Computerised information systems


How will you classify the projects?

1.Based on the Type of Activity
Under this category, projects can be classified as industrial projects and non-industrial projects.
2.Based on the Location of the Project
Under the category, projects can be classified as national projects and international projects.
3.Based on Project Completion Time
Based on the constraints on project completion time, projects can be classified into two types, viz.,
normal projects and crash projects.
4.Based on Ownership
Based on ownership, projects can be classified into private sector projects, public sector projects and
joint sector projects.
5.Based on Size
Projects can be classified based on the size into three categories, viz., small projects, medium sized
projects and large projects.
6.Based on Purpose
Projects can be classified under the following groups, based on the need for project.
Balancing project.
Modernization project.
Replacement project.
Diversification project
Expansion project.
Modernization project.



How will you classify the projects?

PROJECT LIFE CYCLE
a
Initiation
Stage

Planning
Stage

Execution
Stage

Closure
Stage
.

1. Ini t i at i on St age
Business case
Feasibility Study
Terms of Reference
Job Description
Project Office Checklist
Stage Gate Review Form (Initiation)

2. Pl anni ng St age
Project Plan
Resource Plan
Financial Plan
Quality Plan
Risk Plan
Acceptance Plan
Communications Plan
Procurement Plan
Supplier Contract
Tender Management Register
Stage Gate Review Form (Planning)
3. Execut i on St age
Time Management Process
Cost Management Process
Quality Management Process
Change Management Process
Issue Management Process
Risk Management Process
Acceptance Management Process
Communications Management Process
4. Cl osure St age
Project Closure Report


What do you mean by project organization, discuss its various form?
Functional organisation
Divisional organisation
Matrix Organisation

Define the investment evaluation techniques and what are the advantages and disadvantages of various
techniques?
PBP,ARR,NPV,IRR,PI ,its acceptance and rejection decisions..
Its advantages and disadvantages
Define capital budgeting and its process?


NUMERICALS
Calculation of:
1. PBP,NPV, PI
2. IRR