Maharashtra Govt. Reg. No.: F-11724
AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL
SUBJECT: PROJECT MANAGEMENT
CASE STUDY : 1 You have been assigned to a project risk team of 5 members. Because this is a first time your organization has formally set up a risk team for a project, it is hoped that your team will develop a process that can be used on all future projects. Your first team meeting is next Monday morning. Each team member has been asked to prepare for the meeting by developing, in as much detail as possible, an outline that describes how you believe the team should proceed in handling project risks. Each team member will hand out their proposed outline at the beginning of the meeting. Your outline should include but not be limited to the Team objectives, process for handling risk events, Team activities, Team outputs. Q1) ...view middle of the document...
The lot for the house sits high on a hill with a beautiful view of the Appalachion Mountains. The plans for the house show the size of the house to be 2,900 square feet. The average price for a lot and house similar to this one has been $ 120 per square foot. Fortunately, John is a retired plumber and feels he can save money by installing the plumbing himself. Mrs John feels she can take case of the Interior decorating. The following average cost information is available from a local bank that makes loans to local contractors and disperses progress payments to contractors when specific tasks are verified as complete. 24% 8% 3% 6% 5% 17% 9% 4% 10% 6% 4% 4% Excavation & Framing complete Roof and Fireplace complete Wiring roughed in Plumbing roughed in Siding on Windows, insulation, walls, plaster & garage complete Furnace installed Plumbing fixtures installed Light fixtures installed Carpet & trim installed Interior decorating Floors laid & finished
Q1) Why are accurate estimates critical to effective Project Management? Q2) What is estimated cost for Mrs John’s house if they use contractors to complete all of the house?
Q3) Estimate what the cost of the house would be if the Mrs John and Mr ohn use their talents to do some of the work themselves? Q4) Do you have any suggestion to Mr & mrs John?
CASE STUDY : 4 Assume you work for Barbata Electronics. Your Research & Development (R & D) people believe they have come up with an affordable technology that will double the capacity of existing MP3 players and uses audio format that is superior to MP3. The project is code named KYSO (Know Your Socks Off). Q1) What kind of Project Management structure would you recommend they use for the KYSO project? Q2) What information would you like to have to make this recommendation & why? Q3) What do you believe is more important for successfully completing a project. Discuss. Q4) Define the word “Project” in brief?