NMIMS PGDBM ASSIGNMENTS Which type of risk was overlooked in this case How would you have assessed its probability and impact as a project manager Justify your assessment
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Project
Management
1. You
are in charge of selecting a location for passenger car manufacturing plant.
Which location would you recommend? Justify your choice against a set of
selection criteria. (10 Marks)
2. You
are in charge of estimating cost for setting up a sulfuric acid plant in a town
in Sindhudurg district of Maharashtra. Which elements will you consider for
estimating cost of the project? Explain each element as it relates to given
requirement. Why this cost estimation is needed? (10 Marks)
3. “How
could that be possible? It’s simply not possible!” Mr. Pitambar Gadge was
really in a state of shock when he was informed that construction of new
manufacturing plant would get delayed by six months. “This was two year long
project. How could you have schedule variance of almost 25%? And how could you
tell me now, when we are just few months away from our project completion
deadline? This is simply ridiculous!” Mr. Gadge went on saying.“Sir, we had
challenge in hiring skilled labor for this project. It seems Mr. Puri went on
hiring skilled labor without proper skill assessments. When Mr. Iyer inspected
quality of work, he was not satisfied and strongly recommended us to redo the
work to ensure expected quality. This additional work will result into delay of
up to six months”, came the response from Mr. Dwivedi, the manager of the
project.
a.
Which type of risk was overlooked in this case? How would you have assessed its
probability and impact as a project manager? Justify your assessment. (5 Marks)
b. Do
you agree that this case illustrates triple constraints of the project?
Explain. How you would have responded if you have been in place of Mr. Iyer?
Explicitly state your assumptions if you are making ones.
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