CUSTOMER_CODE
SMUDE
DIVISION_CODE
SMUDE
EVENT_CODE
SMUJAN15
ASSESSMENT_CODE PM0011_SMUJAN15
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
45133
QUESTION_TEXT
Discuss in detail various issues involved in setting the objectives
for an organization
SCHEME OF
EVALUATION
(Explanation of each point in detail)
Ans. i. Specificity (2 Marks)
ii. Quality (2 Marks)
Verifiability (2 Marks)
Multiplicity (2 Marks)
Periodicity (2 Marks)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
126020
Explain the various stages of Scope Management.
QUESTION_TEXT
SCHEME OF
EVALUATION
Project initiation _ Business need arises, organisation tries to develop
an acceptable solution by evaluating the needs and requirements ( 2
marks )
Scope Planning – Work Breakdown Structure ( 2 marks )
Scope Definition – Use the information gathered from the above
three stages to develop a product that meets the needs and
requirements of the client. ( 2 marks )
Scope verification – Involves reviewing the initial project work by
the customer and verifying whether the work performed is acceptable
or not ( 2 marks )
Scope change control – Final stage, in this stage an organisation tries
to ensure that only those changes, which are approved by the client
are made in the project. ( 2 marks )
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
126022
QUESTION_TEXT
What is the purpose of estimation, explain its essentials and list the
techniques that are used by an organisation to estimate project
planning?
SCHEME OF
EVALUATION
Purpose of Estimation – Providing assistance in acquiring resources
that are required to produce deliverables. Helping in scheduling
various tasks of the project, assisting in tracing the progress of the
project, Ensuring implementation of the disciplines, developing cash
flow needs, Analysing the duration and providing support to profitable
decisions ( 4 marks )
Essentials of Estimation – Contingencies, Participation of the project
team, Risk assessment, Normal conditions, Independence (3 marks)
Techniques of project planning – Task Breakdown, Delphi Method,
Task Examination, Results documentation, Historical Data
Examination, Parametric Estimating and Structured Planning ( 3 Marks
)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
174525
QUESTION_TEXT
What is Corporate Appraisal? Explain the factors affecting Corporate
Strategies.
SCHEME OF
EVALUATION
Corporate appraisal is the process through which an organisation
evaluates its strengths, weaknesses, opportunities and threats for
analysing the readiness of its internal culture to interact with the
external environment.( 2 marks)
Factors affecting Corporate Strategies–Value orientation of the top
management
Corporate public
Corporate resources
Past performance of business units
External environment ( Each point carries around 1 ½ marks)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
174526
How do you determine the feasibility of a market? Explain the various
information that a feasibility study should provide and the advantages
QUESTION_TEXT of a feasibility study.
SCHEME OF
EVALUATION
Feasibility can be evaluated on the basis of time required to complete a
project, cost to be incurred and the value that would be obtained from a
project. ( 2 marks)
A feasibility study should provide–Historical information of the
project; Description of the product or service, Operational details;
Management approaches; Market research; Financial data; Legal
requirements ( 3 marks)
Advantages–Helps in estimating resources; Assists in identifying
and analysing the level of competition in the market; Enables an
organisation to identify possible legal or statutory barriers such as
patents and trademarks; Assists in setting and validating timelines of a
project; Helps in securing loans from lending institutions ( 5 marks)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
174528
QUESTION_TEXT
Define Operating Feasibility. Explain the factors affecting Operational
Feasibility.
SCHEME OF
EVALUATION
Operational feasibility is a part of project feasibility study, wherein an
organisation analyses the extent to which a proposed project is
appropriate for the existing business environment and the
organisational objectives ( 2 marks )
Factors affecting Operational Feasibility
Development schedule
Date of delivery
Organisational culture
Existing business process (Brief explanation of each point carries
around 2 marks each)