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QUESTION 1
(a) You are the project manager of a leading textile engineering company. The company opened its door in year 2000. Today, after 13 years of existence, it is being challenged with a loss in profitability approximating a 65% loss in net revenue. The management of the company is at the moment willing to create a new product which shall overwhelm the local market. The product shall be destined towards women wears. Conversely new equipment shall have to be purchased and the cost shall incur 20% from the remaining 35% of profit (when loss in revenue has been subtracted). Spare parts to the equipment shall be at all times stored and shall cost 5% of the final profit of 15%. Use the Iron Triangle, which includes the cost, scope and time of a project to explain how these three elements interact amongst themselves in the present situation. You may us a case study to explain this interaction.
(b) What do you understand by the following terms?
(i) Net Present Value (NPV)
(ii) Internal Rate of Return (IRR)
QUESTION 2
(a) Produce the Risk Management Model
(b) Briefly explain each of the 5 steps through which risks are modelled
(c) List down the 5 types of risk
Calculate the payoff and the profits for investments
What do you understand by the term Scheduling? Explain how the following ways for duration compression of a project can be achieved- Fast tracking Crashing
Write a paper which explore Results Based Management topic and how it plays the role of project management in development.
Write a report on Managerial Roles and Gap Analysis
How does a project risk management approach pro-vide an early warning signal for impending problems or issues
Project managers often focus more on project needs and neglect the human resource aspect with little attention given to motivate the project teams. With short notes explain- (i) The expectancy theory of motivation (ii) The equity theorem
Describe the features or characteristics of your product or service.
Reviewing the balanced scorecard approach of Youngblood and Collins.
Evaluate the usefulness of ROCE
Prepare a "Monthly Profit Report", Create this report using the results of your ABC overhead allocation.
Design an online system for the human resources department to manage available job positions.
Describe the market growth rate for product and service.
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