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Project Management-NMIMS-2017

Project Management-NMIMS-2017

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Q1. Using an example, describe the generic project life cycle model. Also, list and describe the numerous issues that pertain to each stage of the project life cycle. (10 Marks)

Q2. Describe the different analysis techniques used in project selection. In your opinion which one is the most common technique? Why? (10 Marks)

Q3. A project is composed of 7 activities whose time estimates are listed in the table below:

Activity

Estimated duration (in weeks)

Estimated duration (in weeks)

Optimistic

Most likely Pessimistic

1-2

1

3

7

1-3

1

4

7

1-4

2

4

8

2-5

1

1

1

3-5

2

5

12

4-6

2

5

8

5-6

1

6

15

a) What is the probability of finishing this project before 14 weeks? (5 Marks)

b) What date results in a 99% probability of completion? (5 Marks)

 

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