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    This document contains instructions for a project management exam with 6 questions covering various topics related to project management including risk management, project scheduling, resource allocation, cost-time analysis, and agile project management approaches. Students are asked to answer 5 of the 6 questions in 2 hours. The questions cover technical, financial and schedule risks, developing a project network diagram, determining critical paths, scheduling activities with resource constraints, using a cost-duration graph, and applying agile principles to large projects.

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    This document contains instructions for a project management exam with 6 questions covering various topics related to project management including risk management, project scheduling, resource allocation, cost-time analysis, and agile project management approaches. Students are asked to answer 5 of the 6 questions in 2 hours. The questions cover technical, financial and schedule risks, developing a project network diagram, determining critical paths, scheduling activities with resource constraints, using a cost-duration graph, and applying agile principles to large projects.

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    This document contains instructions for a project management exam with 6 questions covering various topics related to project management including risk management, project scheduling, resource allocation, cost-time analysis, and agile project management approaches. Students are asked to answer 5 of the 6 questions in 2 hours. The questions cover technical, financial and schedule risks, developing a project network diagram, determining critical paths, scheduling activities with resource constraints, using a cost-duration graph, and applying agile principles to large projects.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views2 pages

    Untitled

    Uploaded by

    gazigalib
    This document contains instructions for a project management exam with 6 questions covering various topics related to project management including risk management, project scheduling, resource allocation, cost-time analysis, and agile project management approaches. Students are asked to answer 5 of the 6 questions in 2 hours. The questions cover technical, financial and schedule risks, developing a project network diagram, determining critical paths, scheduling activities with resource constraints, using a cost-duration graph, and applying agile principles to large projects.

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    © All Rights Reserved
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    of 2

    Department of Industrial and Production Engineering

    AEM 6114 (Project Management)

    Term Final Examination

    Answer any 5 of the following questions. Time: 2 hrs

    Marks: 60

    1. a. The chances of risk events occurring and their respective costs increasing change over the project life
    cycle. What is the significance of this phenomenon to a project manager?

    b. Why are lags used in developing project networks? Explain with a suitable example.

    2. Given the following information, draw the project network. Compute the early, late, and slack times for the project
    network. Which activities on the critical path have only the start or finish of the activity on the critical path?

    ID Duration Finish-to- Finish-to- Additional Lag


    Start Start Lag Lag
    Predecessor Relationships
    A 2 None 0 None 0
    B 4 A 3 None 0
    C 6 A 0 Finish-finish C 7
    to F
    D 8 A 0 None 0
    E 18 B,C 10 Finish-Finish E 9
    to G
    F 2 D 0 None 0
    G 5 F 0 Start-Start G to 10
    H
    H 5 None 0 None 0
    I 14 E 0 Finish-Finish I 5
    to J
    J 15 G,H 0 None 0

    3. “Toycom” usually produces kid’s toys. Recently, it is planning to introduce a new “kids video game” in the market.
    It has undertaken a project in this regard. Briefly describe possible technical, financial, and schedule risks that can
    occur in this project. Also develop a response plan regarding this.

    4. a. Explain the risks associated with leveling resources, compressing, or crashing projects, and imposed
    durations or “catch-up” as the project is being implemented.

    b. You have prepared the following schedule for a project in which the key resource is a backhoe. This
    schedule is contingent on having 3 backhoes. You receive a call from your partner, Brooker, who
    desperately needs 1 of your backhoes. You tell Brooker you would be willing to let him have the backhoe
    if you are still able to complete your project in 11 months. Develop a resource schedule in the loading
    chart that follows to see if it is possible to complete the project in 11 months with only 2 backhoes. Be
    sure to record the order in which you schedule the activities using scheduling heuristics. Activities 5 and
    6 require 2 backhoes, while activities 1, 2, 3, and 4 require 1 backhoe. No splitting of activities is possible.
    Can you say yes to Brooker’s request?
    5. a. How can a cost-duration graph be used by the project manager? Explain.

    b. Assume the network and data that follow. If the indirect costs for each project duration are $400 (19
    time units), $350 (18), and $300 (17), compute the direct cost for each project duration. Plot the total
    direct, indirect, and total costs for 19, 18, and 17 time units on a cost-time graph (you can make free hand
    graph). (Table and Figure are given below:).

    A B E G is the original critical path.

    6. a. Why is it difficult to apply Agile PM to large-scale projects? Explain with a suitable example.

    b. What is iterative incremental development? Why is it useful for developing new products?

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