1. What is the concept of concurrent engineering in project management and how can it be used to optimise project durations?
2. Economic analysis is done from societal point of view in contrast to financial analysis which is a private appraisal from the viewpoint of a producer. How does it bring about a change in the methods of evaluation? Describe with examples.
3. A project comprising of eight tasks (A to H) has the following characteristics:
| Tasks | Preceding Tasks | Time Duration In Weeks |
| Optimistic | Most Likely | Pessimistic | ||
| A | None | 2 | 4 | 12 |
| B | None | 10 | 12 | 26 |
| C | A | 8 | 9 | 10 |
| D | A | 10 | 15 | 20 |
| E | A | 7 | 7.5 | 11 |
| F | B,C | 9 | 9 | 9 |
| G | D | 3 | 3.5 | 7 |
| H | E,F,G | 5 | 5 | 5 |
(a) Draw an AOA network. Carry out all the calculations, determine the critical path and mark it in the network. What is the total project duration.
(b) What is the probability of achieving the project within the deadline of 30 weeks?
4. ‘Contract Planning’ phase of project is often compared with constructing the foundations of a building – building will be as strong or as weak as its foundation. Justify.
5. (a) Explain the use and advantages of squared networks in project management.
(b) What are network-based milestone charts and what are their advantages and disadvantage as compared to squared networks?
Speak Your Mind