The system of monitoring and control is more effective when, along with the time- frame, there is the linkage between the physical work to be performed in each activity and the financial expenditure to be incurred. (True/False)

The system of monitoring and control is more effective when, along with the time-

frame, there is the linkage between the physical work to be performed in each activity and 

the financial expenditure to be incurred. (True/False)
by

1 Answer

Answer :

Ans. True
by

Related questions

This activity is undertaken once the development activities start? A. Project Planning B. Project Monitoring and Control C. Project size estimation D. Project cost estimation

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Which of the following activity is undertaken immediately after feasibility study and before the requirement analysis and specification phase? A. Project Planning B. Project Monitoring C. Project Control D. Project Scheduling

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Last Answer : B. project monitoring

Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

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Last Answer : 3. The process of establishing budgets, standards, and a monitoring system by which the  investment cost of the project can be measured and managed

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Activity Definition is typically performed by which of the following: A. Project Manager who created the WBS B. Project Team Members responsible for the work package C. Project Officer D. Project Stakeholder

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.Activity Definition is typically performed by which of the following: A. Project Manager who created the WBS B. Project Team Members responsible for the work package C. Project Officer D. Project Stakeholder

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Which one of the following statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks.

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Last Answer : b. It facilitates the risk appetite.

Which one of the following statements about the project risk register is false? a. It facilitates the review and monitoring of risks. b. It facilitates the risk appetite. c. It facilitates the recording of risk responses. d. It facilitates the recording of risks

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)Quality costs include : 1. the total of all costs incurred to assure the production and delivery of acceptable products and services. 2. Only costs classified as prevention, detection and corrective action. 3. Only the cost of scrap, rework due to defects, customer returns and warranty costs. 4. The expense of upper management

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In corporate costs, cost incurred to finance construction of new equipment are classified as A. treasury costs B. discretionary costs C. human resource management costs D. corporate administration costs

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If all the steps of project planning are performed successfully, ____ and planning become effective and the ideal outcomes are achieved.

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Last Answer : Ans. Scoping

The phases of a project life cycle are: a. starting, planning, control and closing. b. concept, definition, development, handover and closure. c. initiation, definition, planning, monitoring and operations. d. concept, definition, implementation and operations.

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The process of Control Procurements falls under which process group A. Planning B. Closing C. Monitoring and Control D. Executing

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Which of the following is not the part of Risk Control A. Execution of the risk response strategy B. Monitoring of triggering events C. Initiating contingency plans D. Not watching for new risks

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The process of Control Procurements falls under which process group A. Planning B. Closing C. Monitoring and Control D. Executing

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The phases of a project life cycle are: a. starting, planning, control and closing. b. concept, definition, development, handover and closure. c. initiation, definition, planning, monitoring and operations. d. concept, definition, implementation and operations.

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Last Answer : b. concept, definition, development, handover and closure.

Alice is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress. A. Conduct Procurements B. Plan Procurements C. Control Procurements D. Close Procurements

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Following is(are) the responsibility(ies) of the project manager. (A) Budgeting and cost control (B) Allocating resources (C) Tracking project expenditure

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Following is(are) the responsibility(ies) of the project manager. (A)Budgeting and cost control (B)Allocating resources (C)Tracking project expenditure (D)All of the above

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Description : Withdrawal may be the most effective way to settle conflicts. (True/False)

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Project Human Resource Management ensures that the most appropriate manpower with necessary skills is deployed for effective execution of the desired project. (True/False)

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Last Answer : Ans. True

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Project management is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. Ans: True

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Expenditure incurred on purchase of fixed asset is ____________ 

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No Government Expenditure can be incurred in India except with the sanction of (1) the Parliament (2) the Prime Minister (3) the President (4) the Supreme Court

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The government employee must submit his claim within -------- for reimbursement of the expenditure incurred on the Journey , if the advance has been drawn for availing LTC a. Three month b. Two month c. One month

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Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.

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While Computing the actual cost of any asset falling within a block, direct cost attributable to bring the asset to its present location and working condition for its intended use(i.e. expenses incurred for acquiring the asset e.g. freight, insurance, etc.) a) Be added to the purchase price b) Be subtracted from the purchase price c) Be subtracted from WDV d) Be claimed as revenue expenditure

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Expenditure incurred on exempted income is …………. as deduction. A) Fully Allowed B) Partly Allowed C) Not Allowed D) None of these

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A prerequisite of effective time management is: 1. Knowing the dictated project completion date 2. Having the most advanced software package for project planning, scheduling and control 3. Having a good project WBS which identifies the major project deliverables and tasks, and the person responsible for each of them 4. Having a well staffed scheduling department

Description : A prerequisite of effective time management is:  1. Knowing the dictated project completion date  2. Having the most advanced software package for project planning, scheduling and control  3. ... and the  person responsible for each of them  4. Having a well staffed scheduling department

Last Answer : 1. Knowing the dictated project completion date

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.

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.

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

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.

WBS is produced by identifying the key elements, breaking each element down into component parts and continuing to breakdown until manageable work packages have been identified. (True/False)

Description : WBS is produced by identifying the key elements, breaking each element down into  component parts and continuing to breakdown until manageable work packages have been identified. (True/False)

Last Answer : Ans. True

_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality. a. Project management b. Symantic timeline c. Task identification d. Time estimation e. Work plan

Description : _____ is the process of planning and controlling the development of a system within a  specified time frame at a minimum cost with the right functionality.  a. Project management  b. Symantic timeline  c. Task identification  d. Time estimation  e. Work plan

Last Answer : a. Project management

Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is responsible for each activity C. Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Description : Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is ... . Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Last Answer : C. Text description of roles, responsibilities, authorities

Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is responsible for each activity C. Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Description : Which of the following is not true for a Responsibility Assignment Matrix (RAM): A. Defines what project team is responsible for each WBS component B. Defines what project member is ... . Text description of roles, responsibilities, authorities D. Defines all people associated with each activity

Last Answer : C. Text description of roles, responsibilities, authorities

Project crashing is the method for ------------- A. Shortening the project duration by reducing the time of one or more critical activities B.Adding resources at critical points C.Doing technical analysis of the finished work for review D.Adding duration to each activity

Description : Project crashing is the method for -------------  A. Shortening the project duration by reducing the time of one or more critical  activities  B.Adding resources at critical points  C.Doing technical analysis of the finished work for review  D.Adding duration to each activity

Last Answer : A. Shortening the project duration by reducing the time of one or more critical  activities

When a project manager starts to plan a new project budget, the cost of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Description : When a project manager starts to plan a new project budget, the cost  of which project management process group is expected to be lowest? Select one: a. Initiating b. Executing c. Monitoring and controlling d. Closing e. Planning

Last Answer : d. Closing

What are the 5 major processes of project management? A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.) B. Starting, Closing, Managing, Planning, Executing C. Initiating, Finishing, Monitoring and Controlling, Executing, Planning D. Starting, Finishing, Executing, Managing, Closing

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Last Answer : A. Closing, Executing, Planning, Monitoring and Controlling, Initiating (Ans.)

Which of the following is NOT a part of project management? (A) initiating (B) monitoring (C) closing (D) All above are parts

Description : Which of the following is NOT a part of project management? (A) initiating (B) monitoring (C) closing (D) All above are parts

Last Answer : (D) All above are parts

A mean for monitoring and controlling organization's strategic projects is A. Project Monitoring process B. Project Portfolio Process C. Project Portfolio Plan D. Project Portfolio Phase

Description : A mean for monitoring and controlling organization's strategic projects is A. Project Monitoring process B. Project Portfolio Process C. Project Portfolio Plan D. Project Portfolio Phase

Last Answer : B. Project Portfolio Process

Project cycle is a collection of generally sequential project phases whose description and order of occurrence are determined by the control needs of the organisation or organisations involved in the project. (True/False)

Description : Project cycle is a collection of generally sequential project phases whose description and  order of occurrence are determined by the control needs of the organisation or  organisations involved in the project. (True/False)

Last Answer : Ans. True

The work plan records and keeps track of all of the tasks that need to be accomplished over the life of the project, listing each task, along with important information about it, such as when it needs to be completed, the person assigned to do the work, and any deliverables that will result.

Description : The work plan records and keeps track of all of the tasks that need to be accomplished  over the life of the project, listing each task, along with important information about it,  such as when it needs to be completed, the person assigned to do the work, and any  deliverables that will result.

Last Answer : Ans: True