MODULE: INTRODUCTION TO PROJECT MANAGEMENT / PROJECT MANAGEMENT

Transcription

1 Programme BA (Hons) Fashion and Textiles (Top-Up) BA (Hons) Graphic Design with Animation (Top-Up) BA (Hons) Interior Design Cohort FDI- BFT(TP)/14B/PT FDI- BGDA(TP)/14B/PT FDI-BAID/13B/FT Examinations for 2014/2015 Semester li & 2015 Semester I MODULE: INTRODUCTION TO PROJECT MANAGEMENT / PROJECT MANAGEMENT MODULE CODE: FDI 2305 / OPS 3205 Duration: 3 Hours Instructions to Candidates: 1. This question paper consists of Section A and Section B. 2. Section A is compulsory. 3. Answer any two questions from Section B. 4. Always start a new question on a fresh page. 5. Total Marks: 100. This question paper consists 5 questions and 5 pages. Page 1 of 5

2 SECTION A: COMPULSORY QUESTION 1: (30 MARKS) A team of designers and engineers from the Republic of Mauritius has worked out the activities, durations and precedence for the design of a state-of-the-art seaplane as per the table below: Activities Description Predecessor Duration (Months) A Combined Load Analysis - 4 B Separation of Subsystems A 3 C Structural Airframe B 2 D Propulsions Subsystems C 1 E Structural Design B 2 F Control System Design E 8 G Fuselage D 10 H Tail & Wing B 2 I Engine Mount Design B 3 J Cooling Design F, G and I 3 K User Acceptance Testing H 2 L Systems Integration J and K 3 M Simulation L 1 a) Draw an activity-on-arrow (AOA) network diagram for the project. b) Determine the minimum completion time and the critical path. [3 marks] Page 2 of 5

3 c) The cash flow for the proposed project is as follows: Year Proposed Project (Rs) 0 (5,000) , , , , ,000 Using the cash flow, calculate the NPV for the project and justify as to whether management should accept the implementation of the project. The cost of capital (k) is 8.4%. d) List three typical risks that can occur during the implementation of the project, and for each risk suggest one possible countermeasure. e) Identify five factors a Project Manager needs to consider when creating a project team. [5 marks] QUESTION 2: (30 MARKS) The concept of earned value combines cost reporting and aggregate performance reporting into one comprehensive chart. The data of the Earned Value Management for a project for the first seven days is as follows: Activity Predecessor Duration (Days) Budget ($) Actual Cost ($) % Complete a b a c a d b e c Page 3 of 5

4 a) Draw an activity-on-node (AON) network diagram for the project. Include full information on earliest and latest event times (ES, EF, LS, LF). b) Using the above information and answer from (a), draw the Earned Value Chart. c) Identify as to whether at the end of Week 7 the project is: i. Over-budget [5 marks] ii. Delayed [5 marks] d) Why do we carry out monitoring and control on the project? [2 marks] e) Identify three key pieces of information that the project manager need to possess in order to decide if the project is on schedule and how does the project manager obtain same. f) List FOUR options that are available for bringing a project back on schedule when it has been found to be running late. Page 4 of 5

5 SECTION B: ANSWER ANY TWO QUESTIONS QUESTION 3: (20 MARKS) a) Innovation is often portrayed as change. However, resistance to change is inevitable. Discuss at least five means to manage change. b) Explain the process by which a project manager would assign staff resources to the activities of the project. QUESTION 4: (20 MARKS) a) Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements Discuss the advantages of Project Management. b) Discuss why projects fail? [8 marks] c) Review at least FOUR suggested skills for Project Managers. QUESTION 5: (20 MARKS) a) A project lifecycle allows a project to be considered as a sequence of distinct phases and provides a structure and approach for progressively delivering the required outputs (or products). Explain with the help of a diagram the phases of a project. [12 marks] b) Explain why allocating extra resources to a project that cannot be completed on target do not always allow it to catch up with its project schedule. [8 marks] ***END OF QUESTION PAPER*** Page 5 of 5