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Project Management
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3653 2015-16 DEPARTMENT OF CLVIL ENGINEERING B.Tech. VIL Semester Examination Project Management CE-484 (Open Elective) Maximum Marks:60 Duration: Three Hours Note: (i) Answer ALL Questions (ii) All parts of a question should be attempted in one continuation in one copy Gil) Answer to any part of the question should begin from FRESH page (iv) All questions carry equal marks {v) Assume any data if not given Q2 Qa fa) &) © @) ) (@) (by Write down the definition of the project given by Project (2) Management Institute USA and UNIDO Define and discuss following types of estimates with degree of (6) accuracy and application of each type @ Order of Magnitude Estimate Gi) Approximate Estimate Gil). Detail Fstimate Explain various factors of production in brief @ Explain six inherent nature of a project in detail (6) Define the following types of cost with example (6x1=6) @ Direct Cost Gi) Fixed Cost Gil) Opportuniay Cost Gv) Conversien Cost (wv) Sunk Cost (vi) Historical Cost Explain the following terms, used as measure of Central as in statistical analysis @ (Arithmetic Mean {ii) Geometric Mean Mode Also mention suitability of use of each concept along with inherent type of data and phenomenon under study with example In figure -1, a network for a constuction project is given along (6) with optimistic , most likely and pessimistic: time cstimates .on the basis of data given in network calculate the following: Contd...,.?-3653 i. Expectéd time of the project having completion probability of 50% ii, Determine the critical path Q4 (@) What do you understand by the term specification? Explain (6) different types of specifications used in industry with example (b) What are the different general economic considerations to be kept (6) in amine during purehasing? OR Q.4° (a) Inwhat ways commercial purchasing is different from house hold (4) Parghasing? (©) ‘What are the various jssues to be examined, during the purchasc of (8) Capital Equipment? Q5 (a) Discuss concept of wage and its types in detail (6) (b) Distuss basic philosophy of various types of rewards offeredin (6) Jieu of achievement to a worker in the industry OR Qs @) ‘Write down detailed account on the evolution of HRM in India ©). (>) Diskuss various elements of H Planning © Fig
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