View mb0049-project-management from mba 0039 at sikkim manipal university directorate of distance education mb0049-unit-01-basics of project management unit-01-basics of project. Mb0049- project management q1 describe in detail the various phases of project management life cycle ans projects too have to chore through their life-cycles adhering to a system every project irrespective of its size, scope has to adapt a system.
Project management operates within structures which exist only for the life of the project with ‘fuzzy’ lines of authority it is about innovation project management involves very high risk complex processes with new concepts and technologies that often have no precedents. Project risk: o project risk relates to the uncertain events or situations that have the potential to adversely affect a planned project, usually in terms of cost, schedule, and/or product quality o project risk is a function of two components: likelihood and consequence.
Mb0033 mb0049 1 project management model question paper section a - 1 mark 1 various parameters that affect the project in its planning and formulation refers to a) project cost b) process c) resource d) project scope 2 that which is responsible for changing the input and giving a desired output is a a) project cost b) process c) resource d) project scope 3 that which formalizes acceptance. Define project management discuss the need for project management project management is all about a mindset the major characteristics of project mindset characteristics of project mindset a) time: it is an important parameter in framing the right mindset it is possible to improve the pace of the project by reducing the time frame of the process. Answer: the project manager and project team have one shared goal: to carry out the work of the project for the purpose of meeting the project’s objectives every project has a beginning, a middle period during which activities move the project toward completion, and an ending (either successful or unsuccessful.
View 123571887-mb0049-project-management from pm 12345 at st john's university mb0049 project management q1 discuss the various steps of pmis planning the success of a pmis depends on its.
Information is power information is the master key to today’s businessinformation sharing is an important characteristic of the project mindset today a seamless flow of information is a key to build a healthy mindset among various stakeholders in a projectd) processes: project mindset lays emphasis on flexible processes.
Mb0049 – project management q1: 1 pert model : variability in pert analysis is measured by variance or its square root, ie standard deviation variance of a set of numbers is the average squared difference of the numbers in the set from their arithmetic average. Define risk management what are the different types of risks that can affect a project answer: risk management is all about the systematic process of identifying, analysing, prioritising and responding to risk by applying risk management principles and controlling the probability and/or impact of unfortunate events at the project level.