AIX virtualization: IVM initial network setup

I have a system model 505 p server. I am trying to virtualize my server. My network admin has given me 10 IP addresses (with the DNS already updated with names that map onto each ip). E.g.: IP1 maps to m1.lab, IP2 maps to m2.lab, etc

I have been following the redpaper "Integrated Virtualization Manager on IBM System p5". I managed to install VIOS without facing any problem but keep getting stuck in the initial network setup (2.6.3, pg 31). I am unable to get mktcpip command to work. I cannot access my IVM through the browser. I do not even understand what the settings are for the different parameters. Can someone please help me.
a) What should the parameters of mktcpip be?
- in particular, shoudl the parameters like hostname, ip addr, etc refer to a new virtual partition or to the physical host?
b) How do I troubleshoot mktcpip?