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Q 1. You are invited to work as a project management
consultant on a project for construction of a commercial complex. Discuss the
possible ways by which you can contribute towards success of this project.
Answer: Present
day formative ventures are extremely mind boggling and include particular
administrations. The ability required for every one of these assignments won't
be accessible in-house in each
Q 2. You are involved in an exercise to evaluate
capital budgeting. The proposed project has estimated initial outflow of Rs. 1
lac and inflows of Rs. 37,000, Rs. 13,000 and Rs. 63,000 for first three years
respectively. Your client uses 15% discount rate for capital budgeting. What
would be your recommendation on financial feasibility based on Net Present
Value technique? Provide enough details for justification of your
recommendation.
Answer: NET PRESENT VALUE
Net present
value (NPV) method recognises the time value of money. It correctly admits that
cash flows
Q 3. “I am feeling jittery. How can I estimate how
much time it would take to launch our next store in Ratnagiri city? I have
never worked on such project of opening new store in new city. I don’t know
what my boss is thinking of me? Am I a magician to produce a number from
nowhere?” Sudesh went on talking on phone while Mansi kept on listening
patiently.
Sudesh had joined a retail chain as a marketing
executive six months back. After showing a great performance for six months on
an advertising campaign, he was just put in this new project. When Sudesh’s
boss briefly told him about this new project, he mentioned that Sugesh should
first work on time estimates. Sudesh immediately called Mansi, his cousin, who
had 10+ years of experience of working as a marketing manager. After bursting
out all frustration, he finally asked, “What should I do?”
“Is it the first time the company opening a store in
new city?” Mansi asked her first question. “No, there are many people here who
have done this before and I am told that all facts and figures about those
projects are all documented well”, Sudesh responded. “But I am going to do it
for the first time!” Sudesh was still nervous. “You don’t need to worry! There
are two ways by which you can go about making time estimates. Either refer to
data from past project or seek opinion of earlier project managers.” Mansi
started giving her advice to her cousin.
a. What advice will Mansi give to Sudesh about learning
from past data?
b. What advice will Mansi give to Sudesh about expert
opinion?
Answer: a) Accurate
estimation of time is a critical skill in project management, and plays an important
role in the success of the project. Estimation of time allows an organisation
to easily determine the
Complete
Assignment available for NMIMS
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