Map all the knowledge areas of project management to the various activities of a construction industry project, across all the phases of its life cycle

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Project Planning and Scheduling
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Project Planning and Scheduling
Q1. Map all the knowledge areas of project management to the various activities of a
construction industry project, across all the phases of its life cycle. (10 Marks)
Q2. You are a project manager with the XYZ organization. As the PM, you need to evaluate
two projects A and B and make a recommendation to the management for the selection
of a suitable project. Both the projects A and B entail an initial investment of ₹2,00,000.
The projected cash inflows for the Project A are ₹70,000 in year 1; ₹80,000 in year 2;
₹80,000 in year 3, and ₹75,000 in year 4. The projected cash inflows for the Project B
are ₹70,000 in year 1; ₹80,000 in year 2; ₹70,000 in year 3, ₹50,000 in year 4; and
₹40,000 in year 5. The required rate of return is 10%.
The present value of ₹1 at 10% is ₹0.909 for year 1, ₹0.826 for year 2, ₹0.751 for year 3,
₹0.683 for year 4, and ₹0.621 for year 5. Calculate Net Present Value (NPV), Internal
Rate of Return (IRR) and Profitability Index (PI) for both the projects A and B. Compare
and contrast the NPV, IRR and PI values of projects A and B, and recommend a suitable
project for investment to the management. (10 Marks)
Q3. A project Z comprises of 8 activities of varying durations and dependence on previous
activities. These activities, along with their duration and their precedent relationships
are given in the table below.
a) Calculate the earliest and latest start times, and the earliest and latest finish times of
these 8 activities of project Z. (5 Marks)
b) Draw the network diagram of project Z and also determine the critical path for the
completion of project Z. (5 Marks)
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