International Institute of Management and Technical Studies

Project management

Part A: Attempt all the following
State true or false. Marks: 08
a) Matrix organization is a combination of line & functional organizations and hence contains
advantages of both.
b) Product Life Cycle is an attempt to recognize different stages of products over a period of
time
c) A successful Project Manager has to adopt an inter-disciplinary approach
d) Consultants have no role in finalization of contracts for equipments and materials.
e) The estimation of cost of project is necessary for obtaining approvals from the competent
authority and financing arrangements of the project.
f) Budgets are powerful tools available to Top Management for the purpose of cost control and
optimum utilization of available resources .
g) The meetings at project sites do not serve any useful purpose and consume avoidable time.
h) Quality Circles are groups made up of work center members chartered with implementing
continuous improvement
Fill in the blank. Marks: 02
a. An --------------------------- is a task, job or assignment which consumes resources.
b. ……………… bar charts are considered as best Planning tools in Project Management.
Part B: Attempt five of the following %*10=50 Marks
1. Describe the relationship between Project Management and Line Management with
reference to and examples from the industry in which you are working .
2. Developing self directed project teams are key to improving the effectiveness in Project
Management and successful completion of the project. Discuss with examples from your
experience .
3. Describe the requirements of a Bankable Project Proposal with details which are
considered by banks while taking decision about financing the project.
4. Write short notes on any two from the following.

A) ISO 9000 Series
B) ISO 14000 Series
C) Decision Tree Marks: 16
5. What is cause effect analysis technique and how it is applied in Project Management.
6. What do you understand by Net Present Value . Illustrate the concept with the help of suitable
example.
Part C: Case Study 30 Marks
Q.No.B1 Draw the network diagram and find the expected project Duration.
Q.No.B2 Construct the network table, find total float, critical activities and the critical path