(Winter/November 2012)

Master of Business Administration - MBA Semester 4 Project Management Specialization PM 0018 Contracts Management in Projects (4 credits)
(Book ID: B1347)

ASSIGNMENT- Set 1 Marks 60

Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. a. Why do we need a Law of Contract? b. Explain the close procurement project process 5 marks (150-200) words 5 marks (150-200) words

Q2. Explain the typical reimbursable cost elements and the non- 10 marks (300-400) words reimbursable cost elements in cost-reimbursable contracts. Q3. Explain the outputs of Conduct Procurement process and 10 marks (300-400) words Administer procurement process Q4. How is bill of material useful? Explain the steps involved in 10 marks (300-400) words Triangle Talk Q5.

5 marks a. Describe performance based contracts (150-200) words b. Explain where force account is best suited and list out the requirements for the same. 5 marks (150-200) words

Q6. List the features of Item Rate contracts and demonstrate how 10 marks (300-400) words they are different from Lump Sum contracts.