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    PM Ec3 R 1516

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    PM EC3 R 1516

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    PM Ec3 R 1516

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    of 2

    Birla Institute of Technology & Science, Pilani

    Work-Integrated Learning Programmes Division


    Second Semester 2015-2016
    Comprehensive Examination (EC-3 Regular)

    Course No. : MM ZG523


    Course Title : PROJECT MANAGEMENT
    Nature of Exam : Open Book
    Weightage : 50% No. of Pages =2
    Duration : 3 Hours No. of Questions = 7
    Date of Exam : 10/04/2016 (AN)
    Note:
    1. Please follow all the Instructions to Candidates given on the cover page of the answer book.
    2. All parts of a question should be answered consecutively. Each answer should start from a fresh page.
    3. Assumptions made if any, should be stated clearly at the beginning of your answer.

    Q.1. For the following PERT network, the durations given are in days:
    Activity Predecessor Optimistic Most Likely Pessimistic
    Time Time Time
    A - 8 10 12
    B - 6 7 9
    C - 3 3 4
    D A 10 20 30
    E C 6 7 8
    F B,D,E 9 10 11
    G B,D,E 6 7 10
    H F 14 15 16
    I F 10 11 13
    J G,H 6 7 8
    K I,J 4 7 8
    L G,H 1 2 4

    (a) Draw the network diagram, determine the critical path and expected project
    duration.
    (b) Determine the free slack and total slack for non-critical activities.
    (c) What is the probability that the project will be completed at least 5 days earlier
    than expected?
    (d) What due date has about 90% chance of being met? [3 + 3 + 2 + 2 = 10]

    Q.2. For the following network, the time in weeks and costs in Rupees: [8]

    Activity Predecessor Normal Time Normal Cost Crash Time Crash Cost
    A - 3 1000 2 1600
    B - 2 2000 1 2700
    C - 1 300 1 300
    D A 7 1300 3 1600
    E B 6 850 3 1000
    F C 2 4000 1 5000
    G D, E 4 1500 2 2000

    The indirect cost is Rs 1500 per week. Find the optimum cost time schedule for a
    project duration of 10 weeks.

    MMZG523 (EC-3 Regular) Second Semester 2015-2016 Page 1 of 2


    MM ZG523 (EC-3 Regular) Second Semester 2015-2016 Page 2

    Q.3. At week 24 of a project to shoot a television commercial, what should the expenditure be?
    If the earned value is right on schedule but the actual expenses are $9000, what are the
    cost and schedule variances? Determine CPI, SPI, CSI, ETC, and EAC? Use the
    proportionality rule. [6]

    ACTIVITY PREDECESSOR DURATION BUDGET


    A - 6 900
    B - 6 1200
    C A 6 1200
    D A 12 1800
    E B, C 14 1400
    F B, C, D 10 1500
    G D, E 16 800

    Q.4. Develop a resource constrained schedule for the project whose details are given below.
    Assume that there are only 3 tractors (resources) to the projects [6]

    ACTIVITY PREDECESSOR DURATION RESOURCES


    A - 4 1
    B - 5 2
    C A 4 2
    D A, B 5 1
    E B 3 2
    F C, D, E 2 2

    Q.5. Enumerate the main characteristics of the following types of contract, mentioning their
    advantages and disadvantages: [6]
    (a) Lump-sum contract (b) Cost-Plus Contract

    Q.6 (a) State the different types of risks that may occur in the life-cycle phases of a project.
    Q.6 (b) Explain the importance of contingency plans in handling technical and cost risks?
    [3 + 3 = 6]

    Q.7 (a) What are the different types of Audits and state their importance?
    Q.7 (b) What are the various activities that need to be done after the project closure?
    Q.7 (c) What impact does the termination of a project has on the project team members?
    [3 + 3 + 2 = 8]

    *********

    MMZG523 (EC-3 Regular) Second Semester 2015-2016 Page 2 of 2

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