Consider the following features/factors: 1. Projects are of the non-repetitive type 2. Time required need not be known 3. Time required is known precisely 4. Events have been established for planning 5. Emphasis is given to activities of project PERT is preferred for planning because of (A) 1, 2 and 4 (B) 3, 4 and 5 (C) 1, 3 and 4 (D) 1, 2 and 5

Consider the following features/factors:
 1. Projects are of the non-repetitive type
 2. Time required need not be known
 3. Time required is known precisely
 4. Events have been established for planning
 5. Emphasis is given to activities of project
 PERT is preferred for planning because of
(A) 1, 2 and 4
(B) 3, 4 and 5
(C) 1, 3 and 4
(D) 1, 2 and 5
by

1 Answer

Answer :

(A) 1, 2 and 4
by

Related questions

In a PERT network, slack time is _____. (a) The end point that represents the completion of a major activity (b) The time or resources required to progress from one event to another (c) The amount of time an individual activity can be delayed without delaying the whole Project (d) The longest or most time-consuming sequence of events and activities

Description : In a PERT network, slack time is _____. (a) The end point that represents the completion of a major activity (b) The time or resources required to progress from one event to another ( ... without delaying the whole Project (d) The longest or most time-consuming sequence of events and activities 

Last Answer : (c) The amount of time an individual activity can be delayed without delaying the whole Project 

While scheduling a project by C.P.M. (A) A project is divided into various activities (B) Required time for each activity is established (C) Net work is drawn by connecting the activities and the events (D) All the above

Description : While scheduling a project by C.P.M. (A) A project is divided into various activities (B) Required time for each activity is established (C) Net work is drawn by connecting the activities and the events (D) All the above

Last Answer : (D) All the above

PERT technique of network analysis is mainly useful for (A) Small projects (B) Large and complex projects (C) Research and development projects (D) Deterministic activities

Description : PERT technique of network analysis is mainly useful for (A) Small projects (B) Large and complex projects (C) Research and development projects (D) Deterministic activities

Last Answer : (C) Research and development projects

The first method invented for planning projects, was (A) Bar chart method (B) Milestone chart (C) Critical path method (CPM) (D) Programme Evaluation and Review Technique (PERT)

Description : The first method invented for planning projects, was (A) Bar chart method (B) Milestone chart (C) Critical path method (CPM) (D) Programme Evaluation and Review Technique (PERT)

Last Answer : (A) Bar chart method

The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.

Description : The basic difference between PERT and CPM is that a. PERT deals with events and CPM with activities b. Critical Path is determined in PERT only c. Costs are considered on CPM only d. Guessed times are used in PERT and evaluated times in CPM.

Last Answer : a. PERT deals with events and CPM with activities

For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network techniques is commonly known as PERT, what does PERT stands for? a. Project evaluation review technique b. Program evaluation review technique c. Path evaluation review technique d. Project execution review technique

Description : For a project manager to have an effective means of identifying and communicating the planned activities and their interrelationships, he must use a network technique. One of the network ... evaluation review technique c. Path evaluation review technique d. Project execution review technique

Last Answer : b. Program evaluation review technique

Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle?Select one: a. Agreements for risk sharing need to be concluded. b. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Description : Once the project is approved and moves into the planning stage, what  happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Why PERT is preferred over CPM for evaluation of project ?

Description : Why PERT is preferred over CPM for evaluation of project ?

Last Answer : PERT is based on the approach of multiple time estimates for each activity.

…… is a tool to estimate the cost or necessary efforts for projects, work packages or activities in project management. 1. Cost budgeting 2. cost control 3. Cost analysis 4. Resource Planning

Description : …… is a tool to estimate the cost or necessary efforts for projects, work packages or activities in project management. 1. Cost budgeting 2. cost control 3. Cost analysis 4. Resource Planning

Last Answer : Cost budgeting

PERT is (A) An analytic in concept (B) Limited of event oriented diagrams (C) Used for research and development projects (D) All the above

Description : PERT is (A) An analytic in concept (B) Limited of event oriented diagrams (C) Used for research and development projects (D) All the above

Last Answer : (D) All the above

What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate the interdependencies of all tasks c. They can be used to estimate the expected project completion dates as well as the probability that the project will be completed by a specific date d. All of the above

Description : What is the benefit of using PERT/CPM network as integral component of project management? a. They furnish a consistent framework for planning, scheduling, monitoring and controlling project b. They illustrate ... that the project will be completed by a specific date d. All of the above

Last Answer : d. All of the above

A bar chart is commonly used because (a) It is simple to draw and easy to understand (b) It indicates at a glance the overall progress of the project (c) It shows critical and non-critical activities (d) It incorporates uncertainties for delay in estimation of time required for completion of activities.

Description : A bar chart is commonly used because (a) It is simple to draw and easy to understand (b) It indicates at a glance the overall progress of the project (c) It shows critical ... critical activities (d) It incorporates uncertainties for delay in estimation of time required for completion of activities.

Last Answer : (a) It is simple to draw and easy to understand

The statistical tool that depicts a project’s tasks and the relationships between those tasks is known as (A) milestone (B) goal (C) Gantt chart (D) PERT chart

Description : The statistical tool that depicts a project’s tasks and the relationships between those tasks is  known as (A) milestone (B) goal (C) Gantt chart (D) PERT chart

Last Answer : (D) PERT chart

The activities that make up the project are not simple, repetitive acts, such as mowing the lawn, painting the house, washing the car, or loading the delivery truck. a. They are complex b. They are simple c. Different d. Same

Description : The activities that make up the project are not simple, repetitive  acts, such as mowing the lawn, painting the house, washing the car, or loading the delivery truck. a. They are complex b. They are simple c. Different d. Same

Last Answer : a. They are complex

In PERT analysis, the time estimates of activities and probability of their occurrence follow (A) Normal distribution curve (B) Poisson's distribution curve (C) Beta distribution curve (D) None of the above

Description : In PERT analysis, the time estimates of activities and probability of their occurrence follow (A) Normal distribution curve (B) Poisson's distribution curve (C) Beta distribution curve (D) None of the above

Last Answer : (C) Beta distribution curve

Estimates from the planning stage will need to be refined as the project progresses, because it is virtually impossible to develop an exact assessment of the project’s schedule before the analysis and design phases are conducted.

Description : Estimates from the planning stage will need to be refined as the project progresses,  because it is virtually impossible to develop an exact assessment of the project’s schedule  before the analysis and design phases are conducted.

Last Answer : Ans: True

Which of the following is NOT a best practice for developing focused, value-added relationships with your influencers? A. Pay established social media voices to promote your content for you. B. Loosen the reins on influencers when you work together. C. Create projects for specific initiatives, events, and product launches. D. Monitor your influencers for real-time opportunities.

Description : Which of the following is NOT a best practice for developing focused, value-added relationships with your influencers? A. Pay established social media voices to promote your content for you. ... initiatives, events, and product launches. D. Monitor your influencers for real-time opportunities.

Last Answer : A. Pay established social media voices to promote your content for you

Pick up the incorrect statement from the following: (A) The activity is the time consuming part of a project (B) The beginning and end of a job, are called events (C) The activity which consumes maximum time, is called a node (D) Logically and sequentially connected activities and events form a network

Description : Pick up the incorrect statement from the following: (A) The activity is the time consuming part of a project (B) The beginning and end of a job, are called events (C) The activity ... maximum time, is called a node (D) Logically and sequentially connected activities and events form a network

Last Answer : (C) The activity which consumes maximum time, is called a node

A ____ of activities that are used to achieve the project’s goals or objectives is known as the project life cycle.

Description : A ____ of activities that are used to achieve the project’s goals or objectives is known as  the project life cycle.

Last Answer : Ans. Rational order

Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on the project typically increases. c. risks are identified with each major group of activities. d. a risk response plan can be used to identify increasing levels of detailed risk analysis. e. the risk breakdown structure needs to be examined to be sure all the risk events have been avoided.

Description : Complete the following statement. As the project progresses into the  execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have  been avoided.

Last Answer : a. risks need to be checked off on activities that have been performed.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated.

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sigD. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculatedn changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money.

Description : Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with ... of return is rarely used by firms today because of the ease at which net present value is calculated

Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Consider the following statements: In the bar chart planning 1. Interdependence of the operations cannot be portrayed. 2. Progress of work can be measured. 3. Spare time of the activities can be determined. 4. Schedule cannot be updated. Of these statements (A) 1, 2 and 3 are correct (B) 1 and 4 are correct (C) 2, 3 and 4 are correct (D) 1, 2 and 4 are correct

Description : Consider the following statements: In the bar chart planning 1. Interdependence of the operations cannot be portrayed. 2. Progress of work can be measured. 3. Spare time of the activities can be determined. 4. ... and 4 are correct (C) 2, 3 and 4 are correct (D) 1, 2 and 4 are correct

Last Answer : (B) 1 and 4 are correct

Once the project is approved and moves into the planninb. The total risk on the project typically reduces as activities are performed without loss. c. Risks must be weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. d. Risks are identified with each major group of activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysisg stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded.

Description : Once the project is approved and moves into the planning stage, what happens  in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis

Last Answer : d. Risks are identified with each major group of activities.

Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ___________. A. Programmed decisions. B. Non -programmed decisions. C. Routine decisions. D. Strategic decisions.

Description : Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ___________. A. Programmed decisions. B. Non -programmed decisions. C. Routine decisions. D. Strategic decisions.

Last Answer : B. Non -programmed decisions.

Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are transient endeavours that bring about change to business-as-usual. d. A project is always the starting point for operation refinement

Description : Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are ... change to business-as-usual. d. A project is always the starting point for operation refinement

Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual.

Which one of the following statements is true? a. Business-as-usual activities cannot be improved. b. Business-as-usual activities are more difficult to manage than projects. c. Projects are transient endeavours that bring about change to business-as-usual. d. A project is always the starting point for operation refinement.

Description : Which one of the following statements is true?  a. Business-as-usual activities cannot be improved.  b. Business-as-usual activities are more difficult to manage than projects.  c. Projects are ... change to business-as-usual.  d. A project is always the starting point for operation refinement.

Last Answer : c. Projects are transient endeavours that bring about change to business-as-usual

Fill in the blank. Risk must be considered in the _____ phase and weighed against the potential benefit of the project’s success in order to decide if the project should be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Description : Fill in the blank. Risk must be considered in the _____ phase and weighed against  the potential benefit of the project’s success in order to decide if the project should  be chosen. Select one: a. completion b. closeout c. execution d. planning e. initiation

Last Answer : e. initiation

Fill in the blanks. It is during the ______________ phase that the decision should be made regarding whether the project should continue. During this phase, ____________ must be considered and weighed against the potential benefit of the project’s success. Select one: a. completion, cost b. closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Description : Fill in the blanks. It is during the ______________ phase that the decision should be  made regarding whether the project should continue. During this phase, ____________  must be considered and weighed ... . closeout, resources c. execution, performance d. planning, timing e. initiation, risk

Last Answer : e. initiation, risk

Evaluating marketing performance by comparing it to established standards is part of : 1. Marketing planning 2. Organizing marketing activities 3. Coordinating marketing activities 4. Marketing Control 5. None of these

Description : Evaluating marketing performance by comparing it to established standards is part of : 1. Marketing planning 2. Organizing marketing activities 3. Coordinating marketing activities 4. Marketing Control 5. None of these

Last Answer : Marketing Control

A project activity has several components as indicated below; S. No. Activity Preceded by Duration (in Weeks) 1 A - 8 2 B A 6 3 C A 12 4 D B 4 5 E D 5 6 F B 12 7 G E& F 9 8 H C 8 9 I F & H 5 10 J I & G 6 d. Prepare a PERT chart, estimate the duration of the project and identify the critical path.

Description : A project activity has several components as indicated below; S.  No. Activity Preceded by Duration (in  Weeks) 1 A - 8 2 B A 6 3 C A 12 4 D B 4 5 E D 5 6 F B 12 7 G E& F ... H 5 10 J I & G 6 d. Prepare a PERT chart, estimate the duration of the project and identify the  critical path.

Last Answer : PERT Diagram based on Activity on Arrow  .  E  D 5 G B 5 9 J, 6 A 6 F,12 I ,5 8 c 12 H 8 OR  PERT Diagram based on Activity on Node …………………….6 marks a. Critical Path: A-B-F-G-J …………………….1 mark  b. Estimated Project Duration: 41 weeks

Which one of the following statements correctly describes eukaryotic DNA? (A) If uses DNA polymerase with nuclease activities (B) It is replicated bidirectionally at many points (C) It contains no repetitive DNA (D) It is nonlinear

Description : Which one of the following statements correctly describes eukaryotic DNA? (A) If uses DNA polymerase with nuclease activities (B) It is replicated bidirectionally at many points (C) It contains no repetitive DNA (D) It is nonlinear

Last Answer : Answer : C

Of the following common problems of the upper extremities, which results from entrapment of the median nerve at the wrist? a) Carpal tunnel syndrome Carpal tunnel syndrome is commonly due to repetitive hand activities.

Description : Of the following common problems of the upper extremities, which results from entrapment of the median nerve at the wrist? a) Carpal tunnel syndrome Carpal tunnel syndrome is commonly due to ... syndrome Impingement syndrome is associated with the shoulder and may progress to a rotator cuff tear.

Last Answer : a) Carpal tunnel syndrome Carpal tunnel syndrome is commonly due to repetitive hand activities.

Which of the following establishes key dates throughout thb. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedulee life of a project that must be met for the project to finish on time? Select one: a. Critical path

Description : Which of the following establishes key dates throughout the life of a project that  must be met for the project to finish on time? Select one: a. Critical path b. Ballpark estimate c. Pert diagram d. Slack chart e. Milestone schedule

Last Answer : e. Milestone schedule

In PERT (Project Evaluation and Review Technique) method Expected time (Te) is A. (To+Tp+4Tm)/6 B. (To+Tp+2Tm)/6 C. (To+Tp+Tm)/6 D. (Tm+Tp+4To)/6

Description : In PERT (Project Evaluation and Review Technique) method Expected time (Te) is  A. (To+Tp+4Tm)/6  B. (To+Tp+2Tm)/6  C. (To+Tp+Tm)/6  D. (Tm+Tp+4To)/6

Last Answer : A. (To+Tp+4Tm)/6

PERT (Project Evaluation and Review Technique) analysis is based on A. Optimistic time, Pessimistic time and Most likely time B.Pessimistic time, Optional time, Maximum time C.Optimistic time, Efficient time, Most likely time D.Minimax time, Optimistic time and harmonic time

Description : PERT (Project Evaluation and Review Technique) analysis is based on  A. Optimistic time, Pessimistic time and Most likely time  B.Pessimistic time, Optional time, Maximum time  C.Optimistic time, Efficient time, Most likely time  D.Minimax time, Optimistic time and harmonic time

Last Answer : A. Optimistic time, Pessimistic time and Most likely time

PERT chart can be used to track the tasks of a project when task time estimates are fairly uncertain.

Description : PERT chart can be used to track the tasks of a project when task time estimates are  fairly uncertain.

Last Answer : Ans: True

In a PERT network, the earliest(activity) start time is the a. Earliest time that an activity can be finished without delaying the entire project b. Latest time that an activity can be started without delaying the entire project c. Earliest time that an activity can be started without violation of precedence requirements d. Latest time that an activity can be finished without delaying the entire project

Description : In a PERT network, the earliest(activity) start time is the a. Earliest time that an activity can be finished without delaying the entire project b. Latest time that an activity can ... of precedence requirements d. Latest time that an activity can be finished without delaying the entire project

Last Answer : c. Earliest time that an activity can be started without violation of precedence requirements

What does situational theory of leadership emphasis A. Personal Traits B. Events C. Environment D. Political Situation

Description : What does situational theory of leadership emphasis A. Personal Traits B. Events C. Environment D. Political Situation

Last Answer : B. Events

Evaluating marketing performance by comparing it to established standards is part of: A)marketing planning B)organising marketing activities C)coordinating marketing activities D)marketing control

Description : Evaluating marketing performance by comparing it to established standards is part of: A)marketing planning B)organising marketing activities C)coordinating marketing activities D)marketing control

Last Answer : D)marketing control

Pick up the incorrect statement from the following a. The activity which consumes maximum time, is called a node b. The activity is the time consuming part of a project c. The beginning and end of a job, are called events d. Logically and sequentially connected activities and events form a network

Description : Pick up the incorrect statement from the following a. The activity which consumes maximum time, is called a node b. The activity is the time consuming part of a project c. The beginning ... of a job, are called events d. Logically and sequentially connected activities and events form a network

Last Answer : a. The activity which consumes maximum time, is called a node

In India, are prefabricated components costlier than those of traditional cast-in-situ items that the prefabricated components replace? (A) Yes, because of heavier overheads and handling cost (B) Yes, because of the very high order of quality control for the factory made components (C) No, because of repetitive manufacture of a number of elements (D) No, because of savings in site labour

Description : In India, are prefabricated components costlier than those of traditional cast-in-situ items that the prefabricated components replace? (A) Yes, because of heavier overheads and handling cost (B) Yes, ... of repetitive manufacture of a number of elements (D) No, because of savings in site labour

Last Answer : (C) No, because of repetitive manufacture of a number of elements

Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Description : Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Last Answer : Answer: PERT

While assessing your project processes, you have identified some uncontrolled process variations. Which of the following would be the appropriate chart you may use for this purpose? Select one: a. Pareto diagram b. PERT chart c. Control chart d. HR personnel chart e. Critical path

Description : While assessing your project processes, you have identified some  uncontrolled process variations. Which of the following would be the  appropriate chart you may use for this purpose? Select one: a. Pareto diagram b. PERT chart c. Control chart d. HR personnel chart e. Critical path

Last Answer : c. Control chart

A horizontal bar chart that shows project tasks against a calendar is called (A) milestone (B) goal(C) Gantt chart (D) PERT chart

Description : A horizontal bar chart that shows project tasks against a calendar is called (A) milestone (B) goal (C) Gantt chart (D) PERT chart

Last Answer : (C) Gantt chart

. The PERT in project management means program evaluation and _____ technique. (A) resource (B) reconciliation(C) reconsideration (D) review

Description : . The PERT in project management means program evaluation and _____ technique. (A) resource (B) reconciliation (C) reconsideration (D) review

Last Answer : (D) review

PERT stands for __________. A. Programme Evaluation and Research Techniques. B. Project Evaluation and Review Techniques. C. Programme Evaluation and Review Techniques. D. Project Evaluation and Research Techniques.

Description : PERT stands for __________. A. Programme Evaluation and Research Techniques. B. Project Evaluation and Review Techniques. C. Programme Evaluation and Review Techniques. D. Project Evaluation and Research Techniques.

Last Answer : C. Programme Evaluation and Review Techniques.

These refer to events or conditions that may indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. a. Fraud conditions b. Fraud risk factors c. Fraudulent activities d. Fraud events

Description : These refer to events or conditions that may indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. a. Fraud conditions b. Fraud risk factors c. Fraudulent activities d. Fraud events

Last Answer : Fraud risk factors

How small can the repetitive fractal features of nature get? (Strange Universe Series)

Description : How small can the repetitive fractal features of nature get? (Strange Universe Series)

Last Answer : answer:Loved the video to Shine On You Crazy Diamond. (Had to get that out of the way!) I would think that repetitive fractal features would be infinate. It is our way of measuring them that is limited. Very interesting question.