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<div class="ff1" style="font-size:78px">
<span class=a style="left:273px;top:227px">INDIAN INSTITUTE OF MODERN MANAGEMENT
(IIMM)</span></div>

<span class=a style="left:273px;top:425px;word-spacing:-1px">Registration No.
:</span></div>
<span class=a style="left:945px;top:427px">IIMM/DH/1/2007/5516</span></div>
<span class=a style="left:273px;top:567px;word-spacing:12px;letterspacing:50px">C<span class=l style="margin-left:-50px">o<span class=l style="marginleft:-51px">u<span class=l style="margin-left:-50px">r<span class=l style="margin-left:51px">s<span class=l style="margin-left:-49px">e <span class=w
style="width:251px"></span>:</span></span></span></span></span></span></div>
<span class=a style="left:952px;top:568px;word-spacing:-1px">PM &
HRD</span></div>
<span class=a style="left:273px;top:766px;word-spacing:71px;letter-spacing:1px">ASSIGNMENT :-</span></div>
<span class=a style="left:976px;top:767px;word-spacing:-5px">Project
Management</span><span class=a style="left:273px;top:1165px;wordspacing:13px;letter-spacing:1px">Answe<span class=l6>r <span class=l style="marginleft:-15px">1. (a)<span class=w style="width:29px"></span>Proje<span
class=l6>ct</span></span></span></span></div>
<span class=a style="left:819px;top:1362px">The most obvious characteristic of a Project
is that it has to achieve a particular purpose and this is</span><span class=a
style="left:546px;top:1463px;word-spacing:-1px">normally indicated in the <span
class=w7></span>Projects name: Mumbai-Pune Expressway Project, Reliance Petroleum
Refinery</span><span class=a style="left:546px;top:1563px;word-spacing:14px;letterspacing:2px">Pro<span class=l7>jec<span class=l7>t, <span class=w
style="width:15px"></span>Bh<span class=l6>ara<span class=l7>ti <span class=w
style="width:16px"></span>Tel<span class=l7>eco<span class=l6>m <span class=w
style="width:16px"></span>Pro<span class=l7>jec<span class=l7>t, <span class=w
style="width:15px"></span>The <span class=w11></span>Hin<span class=l8>dus<span
class=l6>tan <span class=w12></span>Lev<span class=l7>er <span class=w
style="width:15px"></span>Com<span class=l8>pen<span class=l7>sat<span
class=l6>ion <span class=w12></span>Sur<span class=l7>vey <span
class=w12></span>Pro<span class=l7>jec<span class=l7>t, <span class=w
style="width:15px"></span>Na<span class=l6>gar<span class=l7>jun<span
class=l7>a</span></span></span></span></span></span></span></span></span></
span></span></span></span></span></span></span></span></span></span></span
></span><span class=a style="left:546px;top:1664px;word-spacing:-2px">Fertilizers
Project, The Chinnaswamy Stadium Project, The National Sports Complex Project, <span
class=w6></span>The Hinduja</span><span class=a style="left:546px;top:1764px;wordspacing:-3px">Hospital Project, etc.</span><span class=a
style="left:819px;top:1964px;word-spacing:1px;letter-spacing:1px">This distinguishes it
from routine activities which are part of an organizations normal business,</span><span
class=a style="left:546px;top:2064px;word-spacing:5px">such as running a payroll, editing
a daily news paper or producing another ten thousand tins of beans, or </span><span
class=a style="left:546px;top:2164px;word-spacing:-2px">cars, or motors or
bicycles.</span><span class=a style="left:819px;top:2363px;word-spacing:-2px">A Project
is a job that <span class=w6></span>is done one time. Cooking a meal is <span
class=w6></span>a project. A heart surgery is a <span
class=w7></span>project.</span><span class=a style="left:819px;top:2562px;wordspacing:4px;letter-spacing:1px">A Project involves a single, definable purpose, end-time or
result, usually specified in terms of </span><span class=a

style="left:546px;top:2662px;word-spacing:-3px">cost, schedule and performance
requirements.</span><span class=a style="left:819px;top:2862px;word-spacing:5px;letterspacing:1px">Every project is unique in that it requires doing something different than was
done previously,</span><span class=a style="left:546px;top:2962px">Even in routine
projects such as home construction, variables such as terrain, access, zoning laws,
labour </span><span class=a style="left:546px;top:3063px;word-spacing:-2px">market,
public services and local utilities make <span class=w6></span>each project different. A
project is a one-time activity never </span><span class=a
style="left:546px;top:3163px;word-spacing:-2px">to be exactly repeated
again.</span><span class=a style="left:819px;top:3362px;word-spacing:5px">Finally a
project is the process of working to achieve a goal; during the process, a project
passes</span><span class=a style="left:546px;top:3462px;word-spacing:5px;letterspacing:1px">through several distinct phases, called the project life cycle. The tasks, people
organizations and other </span><span class=a style="left:546px;top:3563px">resources
change as the project moves from one phase to the next. The organization structure and
resource</span><span class=a style="left:546px;top:3663px;word-spacing:1px">structure
expenditure slowly build with each succeeding phase; peak; and then decline as the project
nears</span><span class=a style="left:546px;top:3764px">completion.</span><span
class=a style="left:819px;top:3962px;word-spacing:3px;letter-spacing:1px">Moreover, no
two projects are the same. A project to stage this years Filmfare Awards
contest</span><span class=a style="left:546px;top:4063px">may look similar to last
years, but its objectives will be different the circumstances will have changed
and</span><span class=a style="left:546px;top:4163px;word-spacing:-2px">it will involve
different people.</span></div>
<span class=a style="left:546px;top:4364px;word-spacing:-2px">The main characteristics
of a Project are that:</span></div>
<span class=a style="left:682px;top:4561px;word-spacing:-6px;letterspacing:3px">1.<span class=w style="width:65px"></span>It i<span class=l6>s an
i<span class=l7>ns<span class=l7>tr<span class=l6>um<span class=l6>en<span
class=l7>t of c<span class=l7>ha<span class=l7>ng<span
class=l6>e.</span></span></span></span></span></span></span></span></span><
/span><span class=a style="left:682px;top:4662px;word-spacing:-5px;letterspacing:2px">2.<span class=w style="width:67px"></span>It ha<span class=l6>s a
clea<span class=l8>rly id<span class=l7>ent<span class=l7>ifia<span class=l8>ble
s<span class=l6>tar<span class=l6>t and fi<span class=l7>nis<span
class=l6>h.</span></span></span></span></span></span></span></span></span><
/span><span class=a style="left:682px;top:4762px;word-spacing:-5px;letterspacing:4px">3.<span class=w style="width:63px"></span>It <span class=l7>ha<span
class=l9>s a <span class=l7>sp<span class=l8>ec<span class=l9>if<span class=l8>ic
<span class=l7>ai<span
class=l8>m</span></span></span></span></span></span></span></span></span><
span class=a style="left:682px;top:4863px;word-spacing:-4px;letter-spacing:2px">4.<span
class=w style="width:67px"></span>It re<span class=l7>sul<span class=l6>ts in s<span
class=l7>ome<span class=l7>thi<span class=l6>ng be<span class=l7>ing d<span
class=l8>eli<span class=l6>ver<span
class=l7>ed</span></span></span></span></span></span></span></span></span>
</span><span class=a style="left:682px;top:4963px;word-spacing:-4px;letterspacing:6px">5<span class=l6>.<span class=w style="width:65px"></span>I<span
class=l6>t <span class=l8>i<span class=l6>s <span class=l8>u<span class=l7>n<span
class=l6>i<span class=l6>q<span class=l6>u<span
class=l6>e</span></span></span></span></span></span></span></span></span></
span></span><span class=a style="left:682px;top:5064px;word-spacing:1px;letter-
spacing:1px">6.<span class=w style="width:69px"></span>It is <span class=l8>the

<span class=l6>respo<span class=l6>nsibil<span class=l6>ity <span class=l6>of a
<span class=l8>single <span class=l9>perso<span class=l7>n or <span
class=l7>body</span></span></span></span></span></span></span></span></span
></span><span class=a style="left:682px;top:5164px;word-spacing:-2px;letterspacing:2px">7.<span class=w style="width:67px"></span>It i<span class=l6>nvo<span
class=l7>lve<span class=l7>s co<span class=l7>st, <span class=l6>res<span
class=l7>our<span class=l6>ces <span class=l7>and <span class=l8>tim<span
span></span><span class=a style="left:682px;top:5265px;word-spacing:-5px;letterspacing:2px">8.<span class=w style="width:67px"></span>It use<span class=l8>s a
wid<span class=l6>e var<span class=l6>iet<span class=l6>y of re<span
class=l6>sou<span class=l7>rce<span class=l7>s and s<span class=l6>kill<span
class=l7>s.</span></span></span></span></span></span></span></span></span><
/span></div>
<span class=a style="left:546px;top:5467px;word-spacing:-2px">Another way of looking at
a Project <span class=w6></span>is that:</span></div>
<span class=a style="left:682px;top:5666px;word-spacing:-3px;letterspacing:3px">1.<span class=w style="width:65px"></span>It <span class=l6>ha<span
class=l7>s a <span class=l7>sta<span class=l9>rt <span class=l6>an<span class=l7>d
a <span class=l7>fi<span class=l6>ni<span
class=l6>sh</span></span></span></span></span></span></span></span></span><
/span><span class=a style="left:682px;top:5766px;word-spacing:-1px;letterspacing:2px">2.<span class=w style="width:67px"></span>It h<span class=l7>as <span
class=l6>a t<span class=l6>ime <span class=l7>fra<span class=l7>me f<span
class=l7>or <span class=l6>com<span class=l7>ple<span class=l6>tio<span
class=l6>n</span></span></span></span></span></span></span></span></span></
span></span><span class=a style="left:682px;top:5867px;word-spacing:-5px;letterspacing:3px">3.<span class=w style="width:65px"></span>It h<span class=l7>as a
<span class=l7>un<span class=l7>iq<span class=l6>ue o<span class=l8>ne t<span
class=l8>im<span class=l6>en<span class=l6>es<span
class=l7>s</span></span></span></span></span></span></span></span></span></
span><span class=a style="left:682px;top:5967px;word-spacing:-1px;letterspacing:1px">4.<span class=w style="width:69px"></span>It has <span class=l6>an
inv<span class=l7>olvem<span class=l6>ent of <span class=l6>seve<span class=l6>ral
pe<span class=l6>ople o<span class=l6>n a ad<span class=l6>-hoc <span
class=l6>basis.</span></span></span></span></span></span></span></span></spa
n></span><span class=a style="left:682px;top:6068px;word-spacing:-1px;letterspacing:2px">5.<span class=w style="width:67px"></span>It h<span class=l7>as <span
class=l6>a l<span class=l6>imi<span class=l6>ted <span class=l7>set <span
class=l8>of r<span class=l7>eso<span class=l7>urc<span
class=l7>es.</span></span></span></span></span></span></span></span></span>
</span></div>
<span class=a style="left:2266px;top:6279px">1</span></div>
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<span class=a style="left:682px;top:225px;word-spacing:-5px;letter-spacing:2px">6.<span
class=w style="width:67px"></span>It ha<span class=l6>s a seq<span
class=l6>uen<span class=l6>cin<span class=l7>g of ac<span class=l6>tiv<span
class=l7>itie<span class=l7>s and p<span class=l6>has<span
class=l7>es.</span></span></span></span></span></span></span></span></span>
</span></div>
<span class=a style="left:546px;top:327px;word-spacing:-2px">Need for a
Project</span></div>
<span class=a style="left:819px;top:526px;word-spacing:-2px">A project could be
undertaken for one of these needs:</span></div>
<span class=a style="left:682px;top:752px"></span></div>
<span class=a style="left:819px;top:736px;word-spacing:-2px">To acquire balancing
resources to correct imbalances in capacity</span></div>
<span class=a style="left:819px;top:845px;word-spacing:-3px">To upgrade the
technology</span></div>
<span class=a style="left:819px;top:953px;word-spacing:-2px">To replace the used-up or
worn out assets</span></div>
<span class=a style="left:819px;top:1062px;word-spacing:-2px">To expand projections of
existing activities</span></div>
<span class=a style="left:819px;top:1171px;word-spacing:-2px">To diversify into allied and
new lines</span></div>
<span class=a style="left:819px;top:1280px;word-spacing:-2px">Analysis & design of
objectives and events</span></div>
<span class=a style="left:819px;top:1388px;word-spacing:-2px">Planning the work
according to the objectives</span></div>
<span class=a style="left:819px;top:1497px;word-spacing:-2px">Assessing and controlling
risk (or Risk Management)</span></div>
<span class=a style="left:819px;top:1606px;word-spacing:-4px">Estimating
resources</span></div>

<span class=a style="left:819px;top:1715px;word-spacing:-3px">Allocation of
resources</span></div>
<span class=a style="left:819px;top:1823px;word-spacing:-3px">Organizing the
work </span></div>
<span class=a style="left:819px;top:1932px;word-spacing:-3px">Acquiring human and
material resources</span></div>
<span class=a style="left:819px;top:2041px;word-spacing:-4px">Assigning
tasks</span></div>
<span class=a style="left:819px;top:2150px;word-spacing:-3px">Directing
activities</span></div>
<span class=a style="left:819px;top:2258px;word-spacing:-4px">Controlling project
execution</span></div>
<span class=a style="left:819px;top:2368px;word-spacing:-3px">Tracking and reporting
progress (Management information system)</span></div>
<span class=a style="left:819px;top:2476px;word-spacing:-2px">Analyzing the results
based on the facts achieved</span></div>
<span class=a style="left:819px;top:2585px;word-spacing:-2px">Defining the products of
the project</span></div>
<span class=a style="left:819px;top:2693px;word-spacing:-2px">Forecasting future trends
in the project</span></div>
<span class=a style="left:819px;top:2803px;word-spacing:-5px">Quality
Management</span></div>

<span class=a style="left:819px;top:2911px;word-spacing:-4px">Issues
management</span></div>
<span class=a style="left:819px;top:3020px;word-spacing:-3px">Issue
solving</span></div>
<span class=a style="left:819px;top:3129px;word-spacing:-4px">Defect
prevention</span></div>
<span class=a style="left:819px;top:3238px;word-spacing:-3px">Identifying, managing
& controlling changes</span></div>
<span class=a style="left:819px;top:3346px;word-spacing:-3px">Project closure (and
project debrief)</span></div>
<span class=a style="left:819px;top:3455px;word-spacing:-4px">Communicating to
stakeholders</span></div>
<span class=a style="left:819px;top:3564px;word-spacing:-3px">Increasing/ decreasing a
company's workers</span></div>
</div>
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<span class=a style="left:273px;top:629px;word-spacing:9px">Answer <span class=l10>1.
<span class=w12></span>(b)</span></span></div>
<span class=a style="left:819px;top:727px;word-spacing:5px">Project Management is the
application of skills knowledge, tools & techniques to meet or exceed</span><span
class=a style="left:546px;top:828px;word-spacing:-2px">stakeholder requirements from a
project.</span><span class=a style="left:819px;top:1029px;word-spacing:5px;letterspacing:1px">The tools are a means to an end. The desired end is a successful project that
contributes to the</span><span class=a style="left:524px;top:1129px;word-spacing:2px"> business success of the organization as well.</span><span class=a
style="left:819px;top:1330px;word-spacing:3px;letter-spacing:1px">Project Management is
too often thought in terms of discrete tools such as schedules and status</span><span
class=a style="left:546px;top:1431px;word-spacing:1px;letter-spacing:1px">reports with a
concomitant lack of understanding of its value and corresponding lack of commitment
to</span><span class=a style="left:546px;top:1531px;word-spacing:-4px">effective
implementation.</span><span class=a style="left:819px;top:1732px;wordspacing:3px">Project management focuses on a project. A project is an undertaking that has
a beginning and an</span><span class=a style="left:546px;top:1832px;wordspacing:8px;letter-spacing:1px">end and is carried out to meet established goals within
cost, schedule, and quality objectives. Project</span><span class=a
style="left:546px;top:1932px;word-spacing:5px;letter-spacing:1px">Management brings
together and optimizes the resources necessary to successfully complete
facilities,</span><span class=a style="left:546px;top:2033px;word-spacing:-2px">tools,
and equipment; information, systems, and techniques and money.</span></div>
<span class=a style="left:546px;top:2236px;word-spacing:-1px">A Typical Project life
cycle</span></div>
<span class=a style="left:819px;top:2435px">All projects have the same basic underlying
structure. Whatever be the project, it will develop over </span><span class=a
style="left:546px;top:2535px;word-spacing:-2px">four distinct phases:</span><span
class=a style="left:546px;top:2636px;word-spacing:-5px;letter-spacing:6px">1<span
class=l6>.<span class=w style="width:201px"></span>T<span class=l7>h<span
class=l6>e <span class=l8>C<span class=l7>o<span class=l6>n<span class=l6>c<span
class=l6>e<span class=l8>p<span class=l6>tu<span class=l11>a<span class=l7>l
<span class=l7>a<span class=l7>n<span class=l7>d <span class=l7>D<span
class=l7>e<span class=l6>f<span class=l6>i<span class=l6>n<span class=l6>i<span
class=l6>t<span class=l6>i<span class=l6>o<span class=l6>n <span class=l7>p<span
class=l7>h<span class=l6>a<span class=l7>s<span
></span></span></span></span></span></span></span></span></span></span></s
pan><span class=a style="left:546px;top:2736px;word-spacing:-13px;letterspacing:12px">2<span class=l12>.<span class=w style="width:195px"></span>T<span
class=l style="margin-left:-13px">h<span class=l12>e <span class=l12>P<span
class=l12>l<span class=l12>a<span class=l style="margin-left:-13px">n<span
class=l12>n<span class=l12>i<span class=l12>n<span class=l12>g <span
class=l12>P<span class=l style="margin-left:-13px">h<span class=l12>a<span
class=l12>s<span
class=l12>e</span></span></span></span></span></span></span></span></span>
</span></span></span></span></span></span></span></span><span class=a
style="left:546px;top:2837px;word-spacing:-8px;letter-spacing:6px">3<span
class=l6>e I<span class=l11>m<span class=l6>p<span class=l6>l<span
class=l6>e<span class=l7>m<span class=l6>e<span class=l6>n<span class=l6>t<span
class=l6>a<span class=l7>ti<span class=l12>o<span class=l6>n o<span class=l10>r
E<span class=l12>x<span class=l6>e<span class=l7>c<span class=l6>u<span
class=l6>t<span class=l6>i<span class=l6>o<span class=l6>n p<span
class=l11>h<span class=l7>a<span class=l6>s<span
></span></span></span></span></span></span></span></span></span><span
class=a style="left:546px;top:2937px;word-spacing:-7px;letter-spacing:7px">4<span
class=l7>e <span class=l8>C<span class=l8>o<span class=l7>m<span class=l8>p<span
class=l7>l<span class=l6>e<span class=l8>t<span class=l6>i<span class=l8>o<span
class=l7>n <span class=l7>a<span class=l8>n<span class=l7>d <span class=l8>r<span
class=l7>e<span class=l8>v<span class=l7>i<span class=l7>e<span class=l7>w <span
class=l8>P<span class=l8>h<span class=l7>a<span class=l8>s<span
></span></span></span></span></span></span></span></span><span class=a
style="left:819px;top:3138px;word-spacing:3px;letter-spacing:1px">Project Management
means Management of all four phases of a Projects life cycle to meet the</span><span
class=a style="left:546px;top:3238px;word-spacing:-2px">established goals of Time, Cost
and Quality.</span></div>
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