Question Bank Project Management

Question Bank

Project Management

		Chapter :One Modern Project Management
1.	a)	What do you mean by project? What are the basic difference between project and programs?
	b)	Discuss briefly the basic characteristics of a project.
	c)	‘Project Management course” of BBA Program is a project. Justify your answer.
	d)	Discuss briefly the project life cycle.
	e)	What are some key environmental forces that have changed the way projects are managed? What has been the effect of these forces on the management of projects?
	f)	What are the basic difference between project life cycle and product life cycle?
	g)	The technical and sociocultural dimensions of project management are the two sides to the same coin. Explain.
	h)	As a Project Manager what are the important issues he should consider for the Project Management. Or Discuss briefly the importance of Project Management.
	i)	What do you mean by integrated project Management system? Why is this approach important in today’s environment?
	j)	Discuss briefly the dimensions of project Management.
		Chapter: two Organization Strategy and Project Selection
2.	a)	Describe the major components of strategic management process.
	b)	Explain the role projects play in the strategic management process.
	c)	Describe the compliance, strategic, and operations types of project with practical example.
	d)	Two new software projects are proposed to a young, start-up company. The Alpha project will cast $150,000 to develop and is expected to have annual net cash flow of $40,000. The Beta project will cast $200,000 to develop and is expected to have annual net cash flow of $50,000. The company is very concerned about their cash flow. Using the payback period, which project is better from a cash flow standpoint? Why?
	e)	A five- year project has a projected net cash flow of $15,000, $25,000,$30,000, $20,000, and $15,000 in the next five years . It will cast $50,000 to implement the project. If the required rate of return is 20 percent, conduct a discounted cash flow calculation to determine the NPV. What would happen to the NPV of the above project if the inflation rate was expected to be 5 Percent in each of the next five years?
	f)	Two new software projects are proposed to a young, start-up company. The Alpha project will cast $7, 00,000 to develop and is expected to have annual net cash flow of $2, 25,000. The Beta project will cast $4, 00,000 to develop and is expected to have annual net cash flow of $1, 10,000. The required rate of return is 15%. The company is very concerned about their cash flow. Using the NPV, which project is better from a cash flow standpoint? Why?
	g)	Why Project Managers need to understand strategy?
	h)	The Project Manager who does not understand the role their project plays in accomplishing the strategy of their organization tend to make some mistakes. What are those?
	i)	Discuss briefly the strategic Management Process with diagram.
	j)	Benefits of Project Portfolio Management
	k)	Discuss briefly the Project Screening Process with diagram.
	l.	According to the Nonfinancial Criteria how can you select a project?
	j.	Portrait Project evaluation form used by a large company to prioritize and select new projects.
	k.	Exercise: 1-6 from text book.
		Chapter: three Organization: Structure and Culture
3.	a)	As a Project Manager what you have to do in case of organizing Projects within the Functional organization
	b)	What are the relative advantages and disadvantages of the functional , matrix and dedicated team approaches to managing projects
	c)	Portrait the Dedicated Project Team organizational design.
	d)	Discuss briefly the advantages and disadvantages for using the existing functional organization to administer and complete projects.
	e)	As a Project Manager what you have to consider incase of Choosing the Appropriate Project Management Structure.
	f)	As in case of functional organization, the dedicated project team approach has strengths and weakness. Discuss briefly.
	g)	How would you distinguish a weak matrix form a strong matrix?
	h)	Under what conditions would it be advisable to use a project matrix instead of a dedicated project team?
	i)	Distinguish the Project Manager and Functional Manager Responsibilities in a Matrix Structure.

		Chapter-Four Defining the Project
4.	a)	What questions does a project objective answer? What would be an example of a good project objective?
	b)	What is the difference between a Project limit and project exclusions. Give an example.
	c)	What do you mean by work package? What kinds of information are included in a work package?
	d)	In Small groups, identify real life examples of a project that would fit each of the following priority scenarios:          i.            Time- constrained, Scope- enhanced , Cost –accept.        ii.            Time- accept, Scope- Constrained, cost accept.       iii.            Time- constrained, Scope- accept, Cost- enhanced.
	e)	What do you mean by WBS?
	f)	Develop WBS for a project in which you are going to build a University. Try to identify all of the major components and provide at least three levels of details.
	g)	Suppose you are five friends planning a semester study tour. Develop a responsibility matrix for the work that needs to be done prior to starting a study tour.
	h)	You are in charge of organizing a “talent search competition-2014” for Manarat International University. You have reserve a hall that will seat 300 students and have some Sponsorship. VC have been showing interest to be a chief guest for the final round ( prize giving ceremony)           i.            Develop a scope statement for this project that contains examples of all the elements. Assume that the event will occur in 5 weeks and provide your best guess estimate of the date for milestones.          ii.            What would the priorities likely for this project?
	i)	Use an example of a project you are familiar with or are interested in. Identify the deliverables and organizational units (people) responsible.          i.            How would you code your system?        ii.            Give an example of the work packages in one of your cost accounts.
	j)	How WBS helps the project Manager?
		Chapter-five Estimating project Time and costs
5.	a)	Why estimation Time and cost are important?
	b)	Discuss briefly the factors influencing the quality of Estimates
	c)	As a Project Manager point out the Estimating Guidelines for Times, Costs, and Resources
	d)	What are the difference between micro and macro estimating approaches? Under what conditions would you prefer one over the other?
	e)	As a Project Manager what are the issues you have to consider to make a contract bid. Give a practical example.
	f)	What are the major types of costs? Which costs are controllable by the project manager?
	g)	Exercise :01-03
	h)	Firewall Project XT. Using the “Complexity weighting” scheme shown in Table X, and the function point complexity weighted table shown below, estimate the total function point count. Assume historical data suggest five function points equal one person a month and ten people can work on the project. Monthly rate for per people is tk. 4000 Complexity Weight Table Number of Inputs 15 Rated complexity Low Number of  outputs 5 Rated complexity average Number of  inquiries 10 Rated complexity average Number of  files 30 Rated complexity high Number of  interfaces 20 Rated complexity average Table :X Complexity Weighting Elements Low Average High Number of Inputs 2 3 4 Number of  outputs 3 6 9 Number of  inquiries 2 4 6 Number of  files 5 8 12 Number of  interfaces 5 10 15 Requirements: a) What is the estimated project duration? b) What is the estimated project cost? c) If 15 people are available for the project, what is the estimated project duration? d) If the project must be complete in six months, how many people will be needed for the project?
	i)	Firewall Project XT. Using the “Complexity weighting” scheme shown in Table X, and the function point complexity weighted table shown below, estimate the total function point count. Assume historical data suggest five function points equal one person a month and six people can work on the project. Monthly rate for per people is tk. 5000 Complexity Weight Table Number of Inputs 150 Rated complexity Low Number of  outputs 20 Rated complexity average Number of  inquiries 10 Rated complexity average Number of  files 30 Rated complexity high Number of  interfaces 50 Rated complexity high Table :X Complexity Weighting Elements Low Average High Number of Inputs 2 3 4 Number of  outputs 3 6 9 Number of  inquiries 2 4 6 Number of  files 5 8 12 Number of  interfaces 5 10 15 . Requirements: a) What is the estimated project duration? b) What is the estimated project cost? c) If 20 people are available for the project, what is the estimated project duration? d) If the project must be complete in six months, how many people will be needed for the project?