Monitoring & Controlling Projects June 2023

Description

Monitoring and Controlling Projects

June 2023 Examination

 

 

1. Mr Rahul Sharma is a project manager in a large construction company. He has been made in charge of a new project. The project involves building a new four-lane bridge over river Ganges with a budget of INR. 2000 core. Illustrate how Project Balanced Score Card can be used to monitor the project?

Ans:

Introduction:

Project control is an essential thing for any organization. Challenge managers use various equipment and techniques to ensure that the project is finished on time and inside finances. The Project Balanced Score Card (PBSC) is a tool to screen a project’s progress. It’s miles a strategic management system that enables the alignment of business activities with the vision and strategy of the organization.

This essay will discuss the idea and application of the PBSC in challenge control. We will use the instance of Mr. Rahul Sharma, a project manager in a large creation employer, to

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2. Arpita has been appointed as the chief virtual Officer for leading engineering projects employer primarily based in Mumbai. She wishes to execute digital transformation inside the employer in 6 months. She has advised the management team to permit her to use a computerized PMIS machine. What are the factors that help in building an automated PMIS gadget for the specific undertaking?

Ans:

Introduction:

Project control information systems (PMIS) are vital to any organization with big-scale tasks. It provides the platform for challenge managers to gather, save, and analyze records, enabling them to make informed choices. Digital transformation has become essential for any company to stay competitive in recent years. In this context, an automated PMIS device can play a crucial function in making sure the success of the virtual transformation system. This paper discusses the ten points in assisting in building an automated PMIS machine for a

 

 

3. Article: Renewable power companies to be blocked if they leave out project deadline

“ultimate year in November, prime Minister Narendra Modi had instructed the G20 summit in Indonesia that we’re on track to gain its target of generating 50 percent of power from renewable sources by 2030”. Ruling out “any regulations” on energy delivery and balance, the PM had stressed that “India is dedicated to clean electricity and environment.”

Renewable power companies will be blocked for some years if they fail to meet the task deadline. New and renewable energy ministry, in order, has stated that such organizations might be excluded from authority’s contracts for three to five years if they leave out project completion deadlines.

The order comes when the country is looking to fasten green power projects. “If the prescribed date completion does not complete any renewable power mission, then its bank guarantee needs to be encased and the developer blacklisted after asking to show reason,” the order seen by Reuters said.

While no renewable organization has been blocked by using the government for project delays, the order said the black listing becomes according to the government’s standard financial rules and might apply to all tenders.

Source: https://www.timesnownews.com/business-economy/industry/renewable-power-companies-to-be-blacklisted-if-they-miss-project-deadline-details-article-97987379

 

3a. How can the Government of India (GoI) use RAG concept to track renewable energy projects

Ans:

Introduction:

The government of India (GoI) has set an ambitious goal of generating 50% of electricity from renewable resources by 2030. The government has been implementing various guidelines and tasks to achieve this goal, such as using the Renewable electricity Analytics and Governance (RAG) concept. RAG is a device that permits the tracking and monitoring of

 

3b. Prepare a RAG Project Report for GoI to track different renewable energy projects in India.

Ans:

Introduction:

India has made significant progress in renewable energy over the past few years. The government has set ambitious targets for generating renewable energy, and there has been a nationwide surge in renewable electricity initiatives. However, delays in mission completion