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(2x10 = 20)
a) Define the term ‘Project Management’.
b) What is technical feasibility study? Explain.
c) What is security deposit?
d) Explain the working of product organization.
e) What is letter of intent?
f) How numbering is done in network diagram?
g) What do you mean by Total float & free float in network diagram?
h) Differentiate PERT & CPM.
i) What are objectives of financial appraisal?
j) Discuss one of the principal methods of cost estimation.
Section B
Note: Attempt any five parts from this section. (10 X 5 = 50)
Q(2) How the projects are being classified?
Q(3) Explain project formulation in detail.
Q(4) What are different key skills in project manager?
Q(5) Write down different advantages and disadvantages of pure matrix organization.
Q(6) What is work breakdown structure? Explain its types with example.
Q(7) What are various essential elements of contract.
Q(8) The following figure shows a CPM network with corresponding crash and normal time
along with direct costs in table. If the indirect cost is Rs. 100 per day, what will be optimum
duration and cost of project.
Activity Normal Crash
Time (Days) Cost (Rs) Time (Days) Cost (Rs)
A 3 300 2 400
B 6 480 4 520
C 7 2100 5 2500
D 8 400 6 600
E 4 320 3 360
F 5 500 4 520
Section C
Note: Attempt any two questions from this section. (15 X 2= 30)
Q(10) Draw PERT network for the following table and also calculate:
i. Expected time and variance for each activity.
ii. Probability of completing project in 32 days.
iii. Total project duration.
iv. Critical path