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PROGRAM - MBA
SEMESTER II
SUBJECT CODE & NAME MB 0049 - PROJECT MANAGEMENT
1. Write short notes on
1. (a) Project break-even point
Break-even is a
financial term to describe a business or project where the sales revenue
is equal to
total expenses.It is
easy to calculate
it if the expenses
incurred are fixed, i.e.
expenses do not
change as revenue changes. The expenses are divided
into fixed and variable expenses. The presence of variable expenses makes it
difficult to calculate the break-even point. This is because the
variable
2. Describe and compare the
project appraisal methods NPV and IRR with example? Which one is better method
in estimating returns on investment in a particular project?
Description and
comparison of NPV and IRR
Net Present Value (NPV) method
This method is one of
the discounted cash flow techniques and it recognises the time value of money.
Net present value
3. Microsoft Project AMS
The company AMS is a global business and IT consulting firm to the
government, financial services, ……. CASE STUDY from Source: http://nucleusresearch.com/library/microsoft-roi/d134.pdf
What difficulties were encountered by AMS while dealing with
information transfer problem in the company? What strategy is used by AMS for
dealing with this problem?
Answer:
Listing of difficulties encountered
The difficulties
encountered by AMS while dealing with information transfer problem in the
company are as follows:
·
Several years ago, AMS developed an internal
project management system called Project in
a Box. Based
on Lotus Notes,
the homegrown system
was becoming inefficient costly to operate, particularly
because it was designed as a standalone, non-collaborative product.
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4. Form the above case how did the
solution help the managers, project teams and the company.
The following
conclusions can be concluded from the above case study :
·
Overall, AMS’s Microsoft
Project implementation went
smoothly.
5. What are the key steps involved in purchase cycle?
Definition of purchase cycle
Purchase cycle
is a standard
process that corporations
and individuals progress through
(in order) when
purchasing a product
or service. It
is also known as
the 'buying cycle'
or 'purchase process'.
This cycle discusses about the
decision points that
the buyer or
the purchasing team
6. Discuss the concept of quality and project quality management.
Definition of quality
Quality begins
with designing a
product as per
customer specifications. Further, it covers the application of standard
measuring units, the
suitable raw material,
selecting appropriate manufacturing process, etc. Quality is a relative term
and it can better understood by a
comparison with the utility of the
product.
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