CE-703-B Project Management - Nov 2022 Question Paper

Under each question, How to answer lists the points an answer should cover, outlined by CampusPrep from the syllabus. Check the details against your textbook.

1. 7 Marks
   aWhat do you understand by project scheduling? Discuss various types of schedules.
   How to answer

   • Define project scheduling and its purpose in time management.
   • List types of schedules - e.g. master, milestone, detailed, bar/Gantt, network based.
   • Discuss characteristics and uses of each type.
   • Explain role in monitoring and control.
2. 7 Marks
   bExplain the concept of cost estimating and cost improvement in project budgeting.
   How to answer

   • Define cost estimating and cost improvement.
   • Explain estimating methods and inputs.
   • Explain cost improvement / value engineering in budgeting.
   • Link to project budgeting and control.
3. 14 Marks
   Compare with suitable examples the different types of network planning model of project management.
   How to answer

   • List network planning models - e.g. CPM, PERT, Gantt/Bar, Precedence.
   • Compare on basis of logic, time estimates, critical path, application.
   • Give suitable example for each.
   • Conclude suitability for different project types.
4. 7 Marks
   aDiscuss the importance of planning in Life Cycle of a Project.
   How to answer

   • Define project life cycle phases.
   • Explain role of planning in each phase.
   • Discuss benefits - scope, time, cost, risk reduction.
5. 7 Marks
   bDiscuss the role of project manager in success of project.
   How to answer

   • Define role of project manager.
   • List responsibilities - leadership, coordination, decision making.
   • Link actions to project success factors.
6. 7 Marks
   aExplain the various sources of project financing. Discuss in detail.
   How to answer

   • List sources - equity, debt, retained earnings, loans, grants.
   • Explain each source briefly.
   • Discuss in detail suitability, cost and risk.
7. 7 Marks
   bWrite a brief note on Cash Flow. Also explain its components.
   How to answer

   • Define cash flow.
   • List components - inflow, outflow, net cash flow.
   • Explain operating, investing, financing components.
   • State importance in project control.
8. 14 Marks
   What are the parameters associated with five stage team development model?
   How to answer

   • List five stages - forming, storming, norming, performing, adjourning.
   • Explain parameters/behaviour associated with each stage.
   • Relate to team performance and leadership.
   • Give project example.
9. 14 Marks
   Explain control charts.
   How to answer

   • Define control charts and purpose in quality control.
   • Explain types - variables and attributes charts.
   • Describe control limits, centre line, interpretation.
   • Give example of use.
10. 7 Marks
    aExplain the term "risk" associated with project management. How do you identify the risks?
    How to answer

    • Define risk in project management.
    • List types of risks.
    • Explain risk identification methods - checklist, brainstorming, Delphi etc.
    • Steps for identification process.
11. 7 Marks
    bDiscuss advantages and disadvantages of Organizational Structures.
    How to answer

    • List organizational structures - functional, project, matrix.
    • Discuss advantages of each.
    • Discuss disadvantages/limitations.
    • Conclude suitability.
12. 14 Marks
    Write note on:

    1. i)Project Attributes
    2. ii)Contracts
    3. iii)Value of work performed
    4. iv)Matrix Organizational Structure
    How to answer

    • Define project attributes, contracts, earned value, matrix structure.
    • Give key features for each note.
    • Mention examples and uses.
    • Keep concise structured notes for 4 items.