fiatQB PDF
fiatQB PDF
fiatQB PDF
ENGINEERING COLLEGE
(An Autonomous Institution)
RSM Nagar, Kavaraipettai– 601 206
CO
6#
1. 1 What are the sources used in finding good project ideas? K1 CO1 S
2. 1 An investor made an investment of $500 in property and gets back $570 the next
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year. If the rate of return is 10%. Calculate the net present value.
4. 3 Explain the following terms a. optimistic time b. Most likely time c. Pessimistic
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time
4. 6 What are the rules for drawing network diagram? Also mention the common errors
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that occur in drawing networks.
5. 2 Explain the following terms a. Total activity slack b. Critical path K2 CO1 S
6. 5 Mention the essential techniques used for efficient project cost control K2 CO2 A
8. 6 Mention the difference between a contract manager and project manager? K2 CO2 S
Part – B ( 5 x 13 = 65 Marks)
11.a 1 Discuss in detail about the sources used in finding good project ideas? K2 CO1 S
11.a 3 Explain in detail about project feasibility study and mention its characteristics? K2 CO1 S
11.a 4 How to implement financial appraisal test illustrate with example. K2 CO1 S
11.b 1 Determine the early start and late start in respect of all node points and identify K3 CO1
critical path for the following network.
11b 2 Find the critical path and calculate the slack time for the following network. K3 CO1
11.b 3 Calculate the earliest start, earliest finish, latest start and latest finish of each activity K3 CO1
of the project given below:
A
11.b 4 Consider the network which consists of the following activities. K3 CO1
a) Construct the network.
b) Compute E and L for each event, and
c) Find the critical path and Total float.
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Activity 1-2 1-3 2-3 2-5 3-4 3-6 4-5 4-6 5-6 6-7
Duration 15 15 3 5 8 12 1 14 3 14
(Weeks)
11.b 6 A project consists of seven activities for which the relevant data are given below: K3 CO1 A
Activity Preceding Activity Duration (in days)
A - 4
B A 7
C - 6
D C 5
E B 7
F D, E 6
G F 5
Draw the network and find the project completion time.
12.a 3 What Is a Cost Breakdown Structure (CBS) In Project Management? What Costs K3 CO1
A
Might Be Included in a Cost Breakdown Structure?
12.a 4 Describe in detail about the issues with market and demand analysis? K2 CO1 S
12.a 6 What is a project estimate and explain about the types of project costs? K2 CO1 S
12.b 1 A project consists of the following activities and time estimates. K3 CO1
Construct the network. Determine the expected task time and the critical path.
12b 2 Calculate the variance and the expected time for each activity. K3 CO1
12b 3 A project has the following activities and other characteristics: K3 CO1 S
(i) What is the expected project length? (ii) What is the probability that the project
will be completed no more than 4 weeks later than expected time?
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Task: A B C D E F G H I J K
Least time: 4 5 8 2 4 6 8 5 3 5 6
Greatest time: 8 10 12 7 10 15 16 9 7 11 1
3
Most likely 5 7 11 3 7 9 12 6 5 8 9
time:
Find the earliest and latest expected time to each event and also critical path in the
network.
12b 6 A project is represented by the network as shown below and has the following data K3 CO1 S
Task: A B C D E F G H I
Least time: 5 8 26 16 15 6 7 7 3
Greatest time: 10 22 40 20 25 12 12 9 5
Most likely time: 15 20 33 18 20 9 10 8 4
Determine the following
1. Expected task time and their variance
2. Earliest and latest time
13.a 2 What is scheduling? Explain the necessity and tools used for scheduling? K2 CO2 S
13.a 6 Explain in detail about the project cost control techniques? K2 CO2 A
13.b 1 Describe about the key principles and concepts of resource levelling with example? K2 CO2 S
13.b 2 What is a Resource levelling? Why resource levelling is important in project K2 CO2
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management?
13.b 3 What is resource levelling? When to use resource levelling elaborate with an K2 CO2
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example.
13.b 4 How resource levelling can help improve work-life balance for team members K3 CO2
A
explain with an example.
13.b 5 What is resource scheduling and resource levelling? Explain resource levelling key K2 CO2
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principles?
13.b 6 Explain in detail about the Resource Levelling Techniques in project management? K3 CO2 A
14.a 1 Explain the various phases of project audit with an example K2 CO2 S
14.a 2 What is mean by project audit and describe the objectives of project audit K2 CO2 S
14.a 5 What is included in a project audit and types of project audits? Draw the Project K3 CO2
A
Audit Checklist.
14.a 6 Why do we need Project audit? Mention its objectives and uses? K2 CO2 S
15.a 1 The normal and crash times and direct costs for the activities of a project are shown K3 CO1
below
15.a 2 The normal and crash times and direct costs for the activities of a project are shown K3 CO1
below
(a) Draw the network diagram (b)Determine the critical path Find the minimum cost
project schedule if the indirect costs are Rs70 per day.
15.a 3 The normal and crash times and direct costs for the activities of a project are shown K3 CO1 A
below
(a) Draw the network diagram
(b) Determine the critical path
(c) Find the minimum cost project schedule if the indirect costs are Rs1000 per
week
15.a 4 The network and durations given below shows the normal schedule for a project. K3 CO1
You can decrease (crash) the durations at an additional expense. The Table given
below summarizes the time-cost information for the activities. The owner wants you
to finish the project in 110 days. Find the minimum possible cost for the project if
you want to finish it on 110 days. (Assume that for each activity there is a single
linear, continuous function between the crash duration and normal duration points).
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15.a 5 Consider the data of a project as shown in the following table: K3 CO1
Activity Normal time Normal cost Crash time Crash cost
(weeks) (Rs) (weeks) (Rs)
1-2 7 700 4 850
1-3 5 500 3 700
1-4 8 600 5 1200
2-5 9 800 7 1250
A
3-5 5 700 3 1000
3-6 6 1100 5 1300
4-6 7 1200 5 1450
5-7 2 400 1 500
6-7 3 500 2 800
If the indirect cost per week is Rs.200, find the optimal crashed project completion
time.
15.a 6 Describe in detail about crashing and mention its steps? Why use project crashing? K2 CO1 S
15.b 1 Explain in detail about principles of Evaluation and its purpose K2 CO2 A
15.b 2 Describe in detail about Project closure/termination and explain its types K2 CO2 S
15.b 3 Discuss about the Evaluation Phases and Processes. K2 CO2 S
15.b 4 Explain Project Evaluation? and also explain about the key areas of Evaluation K2 CO2 S
15.b 5 Describe in detail about the different phases and process of Project Evaluation K2 CO2 S
15.b 6 What to include in project termination and write about the types? Draw the Project K3 CO2
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Closure Checklist.
Part – C (1 x 15 = 15 Marks)
16.a 1 A company well-known for health supplements planned to make a new health drink
for women. The project details of this product development have been summarized
below.
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16.a 2 Listed in the table are the activities and sequencing requirements necessary for K3 CO1
completing the research project. Find the critical path.
16.a 4 Calculate the earliest start, earliest finish, latest start and latest finish of each activity K3 CO1
of the project given below:
16.a 5 Draw the project network and find the probability of project completion in 40days K3 CO1
16.b 1 Consider the following problem of project scheduling. Obtain a schedule which will K3 CO2
minimize the peak manpower requirement and smooth out period to period variation
of manpower requirement.
16.b 2 K3 CO2 S
Machine Man
1-2 7 2 20
1-3 7 2 20
2-3 8 3 30
2-4 6 4 30
3-6 9 2 20
4-5 3 2 20
5-6 5 2 20
Available 4 40
resources
Solve problem on Resource Levelling to find out the optimal duration to complete
the project.
16.b 6 The company can provide only 7 number of labors per day. K3 CO2