Pm0015–quantitaive methods in project management

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<ol><li> 1. Spring-2015 Get solved assignments at nominal price of Rs.120 each. Mail us at: or contact at 08894344452, 08894387490 Master of Business Administration- MBA Semester 4 PM0015Quantitaive Methods in Project Management-4 Credits (Book ID: B2011) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60. Q1. Write short notes on:- a. Tracy-wiersema model b. Central limit theorem Answer. Tracy-wiersema model. According to Treacy and Wiersema, there are three different value discipline strategies that organisations can implement in order to create added value and distinctive character relative to its competitors. They distinguish the following strategies: Q2. What is parametric estimating? Explain the steps involved in the development of a parametric model. Answer. Parametric Estimating - An estimating technique that uses a statistical relationship between historical data and other variables (for example, square footage in construction, lines of code in software development) to calculate an estimate for activity parameters, such as scope, cost, budget, and duration. Steps involved in the development of a parametric model - The development of a parametric estimating model can appear to be a daunting task; however, the use of modern computer technology ( Q3. 1. What aspects of capital budgeting must be considered while selecting a project? 2. Suppose an investment requires an initial outlay of $5 million and has expected the cash flow of $1 million, $3.5 million, and $2 million for the first three years. </li><li> 2. a. Calculate: The net present value using a 10% required rate of return Profitability Index using a 10% required rate of return b. Also suggest if the project must be accepted. Answer. 1. Develop and formulate long-term strategic goals the ability to set long-term goals is essential to the growth and prosperity of any business. The ability to appraise/value investment projects via capital budgeting creates a framework for businesses to plan out future long-term direction. Seek out new investment projects knowing how to evaluate investment projects gives a business the model to seek and evaluate new projects, an important function for all businesses as they seek to compete and profit in their industry Q5. What are the major steps in time management process? What is rolling wave planning? Answer. The Steps of the Time Management Process 1. Defining Activities When it comes to a project, there are a few levels for identifying activities. First of all, the high-level requirements are broken down into high-level tasks or deliverables. Then, based on the task granularity, the high- Q6. What are the steps that should be followed to construct a house of quality? Answer. The Voice of the Customers The initial steps in forming the House of Quality include determining, clarifying, and specifying the customers needs. These steps lay the foundation for a clearly defined venture and will ensure a project or process is well thought out prior to any further development. Clarifying Customer Needs Customers buy benefits and producers offer features. This seems like a relatively simple notion, however, unless customers and producers are perfectly in tune with one another, it may be very difficult to anticipate these features, or each underlying benefit from Spring-2015 Get solved assignments at nominal price of Rs.120 each. Mail us at: or contact at 08894344452, 08894387490 </li></ol>