May 24 Scheme
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SECTION-II
3. (a). Identify any four advantages of effective team. 4
(b). Define project team. And list any 4 different types of Project team 6
(c). Explain project execution plan. (PEP) and project procedure manual (PPM) 10
4. (a). What is a Project Dairy and its advantages 4
(b). Prepare detailed work breakdown structure (WBS) for celebrating Republic Day
In your polytechnic. 6
(c). Prepare a list of Project resources needed for construction of residential building 5
(d). What are the factors to be considered while selecting the team members. 5
SECTION-III
5). (a). List the different types of risk assessment techniques. 4
(b). A Hostel construction project was planned with estimated time duration of 20
months. However, the project took 28 months for its completion. Evaluate the
possible reasons for delay in the project. 5
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(c). List and explain the different phases of project management lifecycle. 8
(d). List any three components of project Planning 3
SECTION-V
9). (a). Develop the network diagram for the following activities with the corresponding
time estimates. 10
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(b). Construct a network diagram and find the critical path for a project whose activities
and their predecessor relationship are given below: 10
Activity A B C D E F G H
Predecessor - A A B C C DE FG
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Scheme of Valuation and Answers
Code: 20PM01T
II Semester Diploma Examination, May-2024
PROJECT MANAGEMENT SKILLS
Time: 3 Hours] [Max.Marks:100
Instruction: (i) Answer any ONE full question from each section – I, II, III, IV and V.
(ii) Each full questions carries 20 Marks.
SECTION-I
SECTION-IV
SECTION-V
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SECTION-I
1). (a). Define project and mention any 4 projects you see in daily life. 2+4=6
“A project is a temporary endeavor undertaken to create a unique product, service, or result.”
- Project Management Institute, U.S.A
OR
The Project is a right man for the right work at the right time work plan designed to achieve a
specific goal or objective.
OR
“The project is a specific activity with a specific starting point and a specific ending point,
intended to accomplish a specific objective.”
OR
A project is a temporary, unique and progressive sequence of tasks that must be completed
on time to attain certain out come
OR
Project is a temporary endeavor under taken to create a unique product/ service
OR
A project is a one-shot, time limited, goal directed, major undertaking, require commitment of varied
skills and requirements
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In-house consultants:
A separate department in project management organization.
Looks after work of detailed engineering drawing.
Preparation of technical specification.
Office order issued.
Assigning a job.
Scheduling the work and time.
Outside consultants:
When job cannot be done by in-house consultant, then outside consultant is going to
be appointed to carryout the project.
Note: Marks to be allotted for generalised work breakdown structure and any other relevant
WBS.
(c). Prepare a list of Project resources needed for construction of residential building 5
Different categories of workforce-labours, supervisor, construction worker, Engineer,
Construction equipment’s.
Building materials such as wood, cement, steel, brick etc.
Money, funds, loan.
Land for construction.
(d). What are the factors to be considered while selecting the team members. 5
Experience in communication.
Experience in fund raising.
Experience in budgeting and risk management.
Skill in developing strategies.
Knowledge about political, social and economic context.
Should not be short tempered.
Should understand the psychology of the team.
SECTION-III
5). (a). List the different types of risk assessment techniques. 4
Sensitivity Analysis
Scenario Analysis
Best and worst Analysis
Simulation Analysis
b). A Hostel construction project was planned with estimated time duration of 20
months. However, the project took 28 months for its completion. Evaluate the
possible reasons for delay in the project. 5
Reasons for time overrun:
Poor planning and management.
Change in project objective or events.
Delay in start-up, execution and closure.
Delay in undertaking dependent project stages.
Poor timetable or follow-up.
Management or administration failure.
Interruption from public, politicians and government authorities.
(c). List and explain the different phases of project management lifecycle. 4+4=8
Initiation
Planning
Execution
Closure or termination
Initiation Phase:
Study the purpose and scope of project.
Selection of project team, setting up of a project office for the project.
A performance review is done at each stage.
Planning Phase:
Detailed procedure to undertake the project and how to complete the project with
successful deliverables.
Planning of Resources is done in this phase.
This phase defines strategic Planning and Implementation Planning
A performance review is done at each stage.
Execution Phase:
Executes decisions, actions, procedures, steps, methods that are defined in planning
phase.
Actual work is done and this involves monitoring and controlling processes.
Looks for customer/stake holder/sponsors satisfaction.
A performance review is done at each stage.
Closure Phase:
Official closure of the project.
Project outcome is handed over to customer.
Documents handed over to the Authority.
Contracts are officially closed.
A performance review is done at each stage.
(d). List any three components of project Planning 3
Resource Plan
Financial Plan
Quality Plan
Acceptance Plan
Communication Plan
Procurement Plan
Risk Plan
6). (a). List the reasons of cost overrun. 4
Unplanned expansion of the project scope.
Inaccurate initial cost estimation.
Failures in project performance.
Errors in project design.
Improper risk management.
Wrong choice of equipment.
Incompetent material supplier.
Time overruns.
Improper project team building.
(b). Explain the different types of project risk. 8
Project risk is defined as the possibility of an outcome being different from expected outcome.
Technical Risk: refers to changes in technical specification of the product resulting in loss.
Social Risk: Refers to risk arising from changes in the needs and preferences of customers. Eg.
Lack of natural resources, strike against project.
Economic Risk: refers to an increase in rate of resources, changes in the economic policies of
governments.
Political Risk: Nationalisation or privatisation of a particular industry, political instability and
trade restrictions are the examples of political risk,
The project manager must ensure that the project should not go against the political interest of
the country.
Production Risk: Refers to the shortage of necessary raw materials, break down of machinery,
high installation and maintenance cost.
Marketing Risk: Refer to failure of the developed product or service in the market due to
changes in the market demand.
Financial Risk: Refer to bad debts, change in interest rate, wrong choice of investments.
Human Risk: refers to the sudden demise of key employee, limited availability of skilled
employees etc.
(c). State the prerequisites for any successful project implementation. 4
Adequate formulation.
Sound project organisation.
Proper implementation planning.
Advance action.
Timely availability of funds.
Judicious equipment tendering and procurement.
Better contract management.
Effective monitoring.
(d). Explain the neat sketch project life cycle curve. 2 +2=4
The project life cycle phase is a parabolic pattern of indicative of growth, maturity and decline.
This curve helps a project manager to know the state of project at any time of time. The
following figure shows the typical project life cycle curve.
SECTION-IV
7). (a). State the importance of project evaluation 5
To know the Progress made.
Effective and efficient use of resources.
Desired output achieved.
Improvements to be made for better outcome.
Success factors.
Whether the results justify the input etc.
(b). Describe the functions of project planning 5
Provides a basis for organizing the work on the project.
Allocates the responsibilities to individuals.
Means of communication and coordination.
Gives a sense of urgency and time consciousness.
Basis for monitoring and controlling.
It induces the people to look ahead.
(c). Explain time estimate. 5
Helps to fix the time targets for each activity of the project.
Helps to complete the project as per time schedule.
The time estimates for the project using Work done structure.
Estimates the time schedules for each activity.
The time estimates for completing the project depends on the factors like work
content, sequence, resources, and constraints.
Involves the calculation of three time values for each activity of a project and these
are: optimistic time, most likely time and pessimistic time.
(d). Develop the Gantt chart for the given project. 5
Note: if the student writes only network diagram, full marks to be allotted.
If attempted award 50% of the marks and if duration assumed and solved then
full marks to be allotted.
Certificate by QP Setter
Certified that the Model answers prepared by me for the paper and paper code: Project
Management Skills - 20PM01T are from prescribed text books and model answers and
scheme of valuation prepared by me are correct.
Duly signed by
Signature of Chairman and Members of ME-Board