CPM Networks are Deterministic, whereas PERT Networks are Probabilistic. Discuss. Also Discuss about Probabilistic times and deriving an estimate accurately with the help of Normal Distribution (Z – Distribution) 
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ou are a Project Manager of a Tata Housing Construction Project of 500 Flats to be constructed in a span of 48 months. The following Activities are given in order A. Acquiring Land: 1 month B. Land Levelling: 1 month

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Course NMIMS Assignment Questions
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Short Name or Subject Code Monitoring and Controlling Projects
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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Monitoring and Controlling Projects
Internal Assignment Applicable for December 2020 Examination

1. You are a Project Manager of a Tata Housing Construction Project of 500 Flats to be
constructed in a span of 48 months.
The following Activities are given in order
A. Acquiring Land: 1 month
B. Land Levelling: 1 month

C. Constructing Fencing Compound: 1 month
D. Foundation Digging: 2 months
E. Foundation & Earth Quake Resistant Structure at Foundation: 2 months
F. Plinth: 4 months
G. RCC and Skeleton Structure: 4 months
H. Walls External: 6 months
I. Walls Internal: 6 months
J. Plumbing: 6 months
K. Electrification: 6 months
L. Wall Distemper Finish: 6 months
M. Construction / Fixation of Doors and Windows: 6 months
N. Internal Amenity Fittings: 6 months
O. Exterior Finish, Paint, Lift and Common Amenity Spaces Development: 6 months

There are some activities that can be run in parallel and the project has to be completed
in 48 months for hand-over it to Tata Employees.
As a Project Manager, using your skills, Make a Project Plan and show it on Gantt
chart.

2. CPM Networks are Deterministic, whereas PERT Networks are Probabilistic. Discuss.
Also Discuss about Probabilistic times and deriving an estimate accurately with the
help of Normal Distribution (Z – Distribution) 

3.a. Discuss Risk Management in Projects. What are the ways and Means of Mitigating
Risk? 

3.b. Can PBP, ROI, NPV IRR be suffered / affected due to High Risk of Project Outruns in
Budget & Time? Please discuss each parameter in detail.