Total No. of Questions 08] [Total No. of Pages 02
M.B.A. DEGREE EXAMINATION, MAY 2018
Third Year
A-FINANCIAL MANAGEMENT
Project Management (Optional)
Time 3 Hours Maximum Marks :70
SECTION A
Answer any three questions. x 5 15)
Q1) Feasibility analysis.
CPM
Project organization.
Estimation of human resource.
Integrated project management control system.
Project costing.
SECTION B
Answer any three questions. x 15 45)
Q2) What is project report? Explain various elements in it.
Q3) Discuss various sources to finance project.
Q4) Explain the role of project management information system.
Q5) Explain the importance of project review.
Q6) What do you understand by economic and financial analysis?
Q7) Explain various steps involved in the process of project management.
SECTION C
(Compulsory)
Q8) Case Study:
In 2007, the AmeriHealth Mercy Family of Companies sought to improve its
ability to systematically deliver its strategy. Facing new competition in the
managed health care industry and facing substantial changes due to federal health
care reform, the organization determined that its existing results could not sustain
the growth needed to face an increasingly competitive landscape. The new
Project Management Organisation director, Ruth Anne Guerrero, was
familiar with the concept of organization project management and
determined that the OPM approach would serve as a roadmap for advancing the
organization. In September 2008, under Guerrero's direction, AmeriHealth
Mercy conducted an organization Project Management Maturity Model
assessment in conjunction with Project Management Institute (PMI).
The assessment helped the organization map its existing organization project
management capabilities and identify improvements that needed to be made in
order for the organization to further improve business performance. OPM3 is a
global best practice standard used to measure and improve an organization's
ability to deliver its strategy with the use of program, portfolio and project
management. Created by PMI, OPM3 assessments compare the existing
capabilities of the organization to the best practices of organization project
management. Once the team understood the results of the Amerihealth Mercy
2008 OPM3 assessment, the PMO immediately built an improvement plan to
implement the changes that were most important to the organization. Using a
building block approach, the PMO developed a high-level plan that detailed,
quarter by quarter, the expected accomplishments. The AmeriHealth Mercy
Family of Companies strives to continue to grow, support operations and invest
in its people. That's what drives us." Says Ms. Guerrero. She adds, "Since we've
made the right investments to improve organization project management, we've
seen the company meet its strategic and operating plans. The benefits that we're
reaping from the enhanced PMO are being used to fund additional project work,
including future improvements. The PMO has truly become a strategic
operations center for the organization. According to Joanne McFall, Chief of
Staff for AmeriHealth Mercy's Chief Operation Officer, "Our success in
achieving our strategic goals is directly linked to the effectiveness of our overall
portfolio management function. By continuing to enhance our use of
organization project management practices, we expect to see even greater
benefits in future years."
Questions:
Analyze the importance of PMO