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GUJARAT TECHNOLOGICAL UNIVERSITY
MBA - SEMESTER- IV EXAMINATION — WINTER 2019
Subject Code: 3549286 Date: 29-11-2019
Subject Name: Project Management for Entrepreneurs
Time: 2.30 PM to 5.30 PM Total Marks: 70
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Instructions:
- Attempt all questions.
- Make suitable assumptions wherever necessary.
- Figures to the right indicate full marks.
Q1. Define the following terms- 14
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- PPP
- BOOT
- WBS
- PERT
- Crowd financing
- Angel investors
- Virtual teams
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Q2. (A) Discuss the characteristics of a project and explain skill and responsibilities needed by a project manager? 07
Q2. (B) What is a project life cycle? Explain with some example. 07
OR
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Q2. (B) What are the virtual teams? How that can be managed? 07
Q3. (A) what are the different sources finance in a project? 07
Q3. (B) What is WBS? How it helps in project management? 07
OR
Q3. (A) What is project planning? Explain. 07
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Q3. (B) What is project control process? How important it is ? 07
Q4. (A) what are the project closures? Explain the same with some practical example. 07
Q4. (B) explain top-down approaches for time and cost estimation in projects. 07
OR
Q4. (A) What are the ideal characteristics of a project manager? Explain. 07
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Q4. (B) “Risk is an essential part of project management”, explain the types of risk with relevance of the statement. 07
PTO
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Q5. A project has been defined to contain the following activities, along with their estimates for completion- 14
| activity | predecessor | Time (a) | Time (m) | Time (b) |
|---|---|---|---|---|
| A | - | 1 | 4 | 7 |
| B | A | 2 | 6 | 7 |
| C | A,D | 3 | 4 | 6 |
| D | A | 6 | 12 | 14 |
| E | D | 3 | 6 | 12 |
| F | B,C | 6 | 8 | 16 |
| G | E,F | 1 | 5 | 6 |
(a) Calculate expected time and variance for each activity
(b) Draw critical path
(a) What is crashing of projects?
OR
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(b) What is project communication? How communication plays an important role in managing projects?
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