PROJECT MANAGEMENT IMPORTANT QUESTIONS

Situational analysis Once you have evaluated the status of your conservation targets and identified critical threats you see the recurring and most serious threats at play across your system, it is time to drill further down into the “situation” at hand. It is through this process you gain a fuller understanding of what and who is really driving those critical threats, what would motivate these conditions to change, and who your allies might be in your efforts to change the trajectory you have defined so far.A complete situation analysis involves assessing the key factors affecting your targets including direct threats, indirect threats and opportunities. Each factor can typically be linked to one or more stakeholders, those individuals, groups, or institutions that have an interest in or will be affected by your project's activities. Completing a situation analysis is a process that will help you and the other members of your project team work together to create a common...

What do you understand by  PROJECT APPRAISAL? What are the methods? Ans.     Project appraisal means the assessment of a project. Project appraisal is made for both proposed and executed projects. In case of former project appraisal is called ex-ante analysis and in case of letter ‘post-ante analysis’. Here, project appraisal is related to a proposed project. Project appraisal is a cost and benefits analysis of different aspects of proposed project with an objective to adjudge its viability. A project involves employment of scarce resources. An entrepreneur needs to appraise various alternative projects before allocating the scarce resources for the best project. Thus project appraisal helps select the best project among available alternative projects. For appraising a projects its economic, financial, technical market, managerial and social aspect are analysed. Financial institutions carry out project appraisal to assess its creditworthiness befor...

A. Project management information systems Project management information systems (PMIS) usually acquired by organizations as software packages are meant to provide managers with the decision-making support needed in planning, organizing, and controlling projects. However, the actual contribution of PMIS to project success or performance is still unknown. The purpose of this study is to empirically assess the quality of the PMIS presently used in organizations and to examine their impact on project managers and project performance, based on a PMIS success model. This model is composed of five constructs: the quality of the PMIS, the quality of the PMIS information output, the use of the PMIS, the individual impacts of the PMIS and the impacts of the PMIS on project success. Analysis of questionnaire data obtained from 39 project managers confirms the significant contribution of PMIS to successful project management. Improvements in effectiveness and efficiency in managerial tasks...

Define the term ‘Project’. Discuss the process of generating and screening the project ideas Ans.     Projects have a major role to play in the economic development of a country.Since the introduction of planning in our economy, we have been investing large amount of money in projects related to industry, minerals, power, transportation, irrigation, education etc. with a view to improve the socio-economic conditions of the people.These projects are designed with the aim of efficient management, earning adequate return to provide for future development with their own resources. But experience shows that there are several shortcomings in the ultimate success of achieving the objectives of the proposed project. The term project has a wider meaning. A project is accomplished by performing a set of activities. For example, construction of a house is a project. The construction of a house consists of many activities like digging of foundation pits, construction ...