Description
ASSIGNMENT
Course Code :MMPL-001
Course Title :Principles of Engineering Management and Economics
Assignment Code : MMPL-001/TMA/JUL/2025
1. Discuss the development of management theories including Scientific Management, Human Relations Approach, and Systems Approach. How are these approaches relevant in contemporary organizational settings?
2. Explain the concept of elasticity of demand. Describe the various types of demand elasticity and analyze how they influence business decisions related to pricing and resource allocation.
3. What is the significance of the time value of money in economic decision-making? Illustrate with examples how techniques like Net Present Value (NPV) and Internal Rate of Return (IRR) assist in evaluating investment alternatives.
4. Define project management and outline the key phases in the project lifecycle. Explain the use of PERT and CPM as tools for effective planning, scheduling, and monitoring of projects.
5. Write short notes on any two of the following: a. Theory X and Theory Y and their significance b. Value Analysis and Value Engineering c. Leadership Styles and Their Impact d. Types of Organizational Structures and Their Suitability
Reviews
There are no reviews yet.