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Project Management MST1 Answers

The document is an answer sheet for a Project Management & Monitoring course, detailing key concepts such as Gantt Bar Charts, Milestone Charts, and the importance of planning in management. It includes differentiations between Normal and Beta distributions, and outlines PERT formulas for calculating expected time and variance in project networks. Additionally, it provides guidelines for drawing network diagrams and applying Fulkerson’s rule.

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3 views3 pages

Project Management MST1 Answers

The document is an answer sheet for a Project Management & Monitoring course, detailing key concepts such as Gantt Bar Charts, Milestone Charts, and the importance of planning in management. It includes differentiations between Normal and Beta distributions, and outlines PERT formulas for calculating expected time and variance in project networks. Additionally, it provides guidelines for drawing network diagrams and applying Fulkerson’s rule.

Uploaded by

khushalis1512
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Project Management & Monitoring

(MST-1) Answer Sheet


Program: B. Tech
Subject Code: OEC-103
Date: 19-03-2025

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Q1. Differentiate between Gantt Bar Chart & Milestone Chart. (2 Marks)

| Gantt Bar Chart | Milestone Chart |


|------------------------------------------|------------------------------------------|
| Shows start and end dates of activities. | Shows only significant events (milestones). |
| Represented using horizontal bars. | Represented using special symbols (e.g., diamond).
|
| Useful for tracking progress. | Useful for monitoring key achievements. |
| Less detailed in terms of dependencies. | Focuses on completion of major phases. |

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Q2. Categorize the various rules for provision of Dummies in a network. (2 Marks)

1. To maintain logic correctness – Used when two activities share only one common event.
2. To avoid ambiguity in dependencies – When activities have same start and end events.
3. To maintain uniqueness of activity identification – Every activity must have a unique
representation.
4. To represent dependencies clearly – Even if an activity has zero duration.

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Q3. Planning is the starting point of all management functions. Discuss. (4 Marks)

Planning is the foundational step in the management process. It involves setting objectives,
determining strategies, and outlining tasks and schedules to achieve goals. Without
planning:
- Resources cannot be effectively allocated.
- Time and cost estimates would be inaccurate.
- Projects lack direction and coordination.

Planning helps foresee risks, determine task sequences, assign responsibilities, and ensure
timely completion. It influences other functions like organizing, leading, and controlling.

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Q4. Draw the network and apply Fulkerson’s rule. (4 Marks)

Given conditions:
- A is start, K is end.
- A precedes B
- J is successor of F
- C and D succeed B
- D precedes G
- E and F occur after C
- C restrains G, G precedes H
- H precedes J, K succeeds J
- F restrains H

Steps:
1. Draw activities as arrows, label events (nodes).
2. Use dummy activities to show restrictions where necessary.
3. Apply Fulkerson’s rule: Assign event numbers starting from 1 in topological order.

(Diagram to be attached or drawn manually)

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Q5. What is meant by probability distribution curve? Differentiate between Normal and
Beta distributions. (4 Marks)

Probability Distribution Curve:


A graphical representation of all possible outcomes of a random variable and their
associated probabilities.

Differences:

| Normal Distribution | Beta Distribution |


|----------------------------|---------------------------------------|
| Symmetrical bell-shaped | Skewed curve depending on alpha/beta |
| Defined by mean and SD | Defined over [0,1] with shape params |
| Used for unbounded vars | Used in PERT for time estimates |
| Suitable for natural events| Suitable for project activities |

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Q6. Project Network, Expected Time, Variance & Critical Path (8 Marks)

PERT Formula:
- TE = (O + 4M + P) / 6
- Variance = ((P - O)/6)^2
| Activity | O | M | P | TE | Variance |
|----------|---|---|---|-----|----------|
| 1-2 | 1 | 7 |13 | 7.0 | 4.0 |
| 1-6 | 2 | 5 |14 | 5.5 | 4.0 |
| 2-3 | 2 |14 |26 |14.0 |16.0 |
| 2-4 | 2 | 5 | 8 | 5.0 | 1.0 |
| 3-5 | 7 |10 |19 |10.5 | 4.0 |
| 4-5 | 5 | 5 |17 | 6.0 | 4.0 |
| 6-7 | 5 | 8 |29 |10.5 |16.0 |
| 5-8 | 3 | 3 | 9 | 3.5 | 1.0 |
| 7-8 | 8 |17 |32 |17.0 |16.0 |

Steps:
1. Draw network diagram based on activity list.
2. Compute ES, EF, LS, LF for each event.
3. Identify Critical Path (Longest duration, zero slack).

(Diagram and full path analysis to be included or shown on separate sheet)

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