ITM344
Project Management
(For CNM Cases)
Assignment - II
Assignment Code: 2016ITM344A2 Last Date of Submission: 30th April 2016
Maximum Marks: 100
Attempt all the
questions. All the questions are compulsory and carry equal marks.
Section-A
1 Discuss
implementation of six sigma in project management.
2 What is project portfolio management?
Can it be used with earned value management?
3 (a) What problems may
occur if the project manager does not have a follow on project when the current
project nears termination?
(b)
What factors are considered most
important in the decision to terminate a project?
(b) When should be an
Audit be performed during a project? Discuss different stages of Audit life cycle.
Section-B
Case Study
Mr. Meson is director of a software
consultancy company. The company provides consultancy in web designing and web
based application development. The company was performing very well from last
few years, but now facing difficulty in winning new contracts. Preparing
proposals for new contracts from prospective customers and sometimes giving
presentation is becoming expensive affair for the company. Some clients also
expect some prototype development before awarding the new contract. Spending
time and resources for all these activities is proving costly affair.
Mr. Meson adopts an aggressive approach to
risk and like to bid the project with high payoff. For bidding a project, Mr.
Meson focuses on the profit potentials and the on how challenging the project
is. His strategy is now causing problem due to high investment in preparing
proposal, yet getting few contracts.
5. Case Questions:
a. What
strategy Mr. Meson should adopt for bidding for new project?
b. What
should Mr. Meson and his company do to get a better understanding and evaluation of project risk?
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