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Master of Business Administration - MBA Semester 2

MBA206 - Project Management

SET 1

Qus:1 Define Project Management Body of Knowledge (PMBOK). Detail nine knowledge areas of
Project Management Body of Knowledge (PMBOK).

Project Management Body of Knowledge (PMBOK) 5

Nine knowledge areas of PMBOK 5

Answer: The Project Management Body of Knowledge (PMBOK) describes nine knowledge areas of
the project management discipline. The in-depth understanding, application and attaining
proficiency in any one of these

Qus:2 Elaborate five project life cycle phases.

Five project life cycle phases 10

Answer: The project life cycle (PLC) describes the start and the end of the project and the various
stages in it. It begins with concept of idea, incubation, feasibility studies and further on towards
initiation, planning, execution and closeout. Irrespective of the type and complexity of

Qus:3 Define the determination of the Critical Path

Earliest Occurrence Time (EOT) 2

Latest Occurrence Time (LOT) 2

The slack for each event 2

The critical and slack paths 2

The activity floats 2

Answer: Calculate the Earliest Occurrence Time (EOT) for each event
After completion of all leading activities, an event occurs. In the network diagram shown in Figure
5.8, for

SET 2

Qus:1 Illustrate strategies to control the project risk.

Risk avoidance 2.5

Risk reduction 2.5

Risk retention 2.5

Risk transfer 2.5

Answer: To make the most of the benefits of project risk management, we must integrate the
project risk management activities into well planned project management plan and work activities.
Once risks have been identified and measured, the strategies to control the risk fall into one or more
of

Qus:2 Detail the planning process of PMIS.

1. Identify the information needed 2.5

2. Capture data 2.5

3. Process data into information and store it 2.5

4. Communicate information to stakeholders 2.5

Answer: Identify the information needed

Identification of the information that is needed is necessary for improving the decision making and
the structure of the PMIS. Information requirements of project stakeholders include the recipients of
information, the type of information that is needed, which includes format, contents, and

Qus:3 What is Project Performance Evaluation? Elaborate types of project performance evaluation.

Project Performance Evaluation

1. Process (or implementation) evaluation 2

2. Outcome evaluation 2

3. Impact evaluation 2

4. Cost-benefit and cost-effectiveness analyses 2

Answer: Performance evaluation is an important tool for the assessment of a system or service
according to the measurements specified. We can define it as the systematic process of assessment
of

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