Project Management Essay

1389 Words Sep 22nd, 2015 6 Pages
Examination Paper of Project Management

IIBM Institute of Business Management
Examination Paper


Project Management
Section A: Objective Type & Short Questions (30 marks)

This section consists of Multiples choice and Short Note Type questions.
Answer all the questions.
Part one carries 1 mark each and Part Two carries 4 marks each.

Part One:
Multiple choices:
1. Liquidation value of the firm’s assets could be considered as________________
a. The minimum wealth of shareholder
b. The maximum wealth of shareholder
c. The average wealth of shareholder
d. None
2. If ‘P’ be the initial investment, ‘I’ be the interest rate and ‘T’ be the time period for which funds are invested then interest earned will
…show more content…

What do you understand by PBP (Payback Period Method)?


Briefly explain the planning for procurement?


Section B: Caselets (40 marks)

This section consists of Caselets.
Answer all the questions.
Each caselet carries 20 marks.
Detailed information should form the part of your answer (Word limit 150 to 200 words).
Caselet 1

Project partnering at British Airports Authority (BAA)
The construction sector in recent times has not been noted for its high levels of performance. Firms like BAA, who own and operate airports including Heathrow and Gatwick – London’s two major airports – rely heavily on their suppliers, including their construction suppliers, for their own performance. Where construction projects are delayed, the financial consequences can be disastrous.
Furthermore, the disciplines of working on airport premises, including the security issues, play a
IIBM Institute of Business Management

Examination Paper of Project Management significant part in the daily working lives of project staff. New firms bringing new staff onto the airport sites invariably require time to bring them up to speed with the appropriate ways of working.
Particular problems include:

Security – all personnel with access to airside parts of the airport (i.e. past passport control) must be security vetted and trained. The vetting process takes six weeks, so firms must prepare

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