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

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  
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Answer: PERT
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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

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

Every entrepreneur should draw an _______ for his project to ensure the timely completion of all activities involved in setting up an enterprise. A. cost structure B. implementation plan C. market structure D. production structure

Description : Every entrepreneur should draw an _______ for his project to ensure the timely completion of all activities involved in setting up an enterprise. A. cost structure B. implementation plan C. market structure D. production structure

Last Answer : B. implementation plan

A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc 2. Is a mechanism which reacts to the current project status in order to endure accomplishment of project objectives 3. Is only needed on large mega projects 4. Is a system for controlling and executing project documentation in an uniform and timely manner

Description : A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc  2. Is a mechanism which reacts to the current project status in order to endure ... 4. Is a system for controlling and executing project documentation in an uniform and timely  manner

Last Answer : 1. Monitors and controls the project's schedule, costs, scope, budgets etc

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 

. 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

Which one of the following is the most appropriate task of office management ? (A) Creation of profit centre (B) Creation of control centre (C) Making office supplies available (D) Supervision of production Quality Control

Description : Which one of the following is the most appropriate task of office management ? (A) Creation of profit centre (B) Creation of control centre (C) Making office supplies available (D) Supervision of production Quality Control

Last Answer : Answer: Creation of control centre

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

Which among the following is the societal obligation of accounting ? (A) To ascertain profit correctly (B) To maintain the records of the assets and liabilities of organisation (C) To establish effective organizational control (D) To be helpful in correct tax assessment

Description : Which among the following is the societal obligation of accounting ? (A) To ascertain profit correctly (B) To maintain the records of the assets and liabilities of organisation (C) To establish effective organizational control (D) To be helpful in correct tax assessment

Last Answer : Answer: To be helpful in correct tax assessment

Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian

Description : Wider span of control is effective in organization where– (A) authority delegation is inadequate (B) tasks are complex (C) thorough subordinate training scheme exists (D) the leadership style is authoritarian

Last Answer : Answer: thorough subordinate training scheme exists

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

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

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

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 of the following items should not be includedb) Detailed schedules, budgets and resource allocations c) The life cycle model to be used d) The organisational structure of the development organisation, project responsibilities, managerial objectives and priorities e) None of the above. in the project management plan? a) The techniques and case tools to be used

Description : Which of the following items should not be included in the  project management plan? a) The techniques and case tools to be used b) Detailed schedules, budgets and resource ... development  organisation, project responsibilities, managerial  objectives and priorities e) None of the above.

Last Answer : c) The life cycle model to be used

Standard costing is a technique of– (A) Planning (B) Organising (C) Coordination (D) Control

Description : Standard costing is a technique of– (A) Planning (B) Organising (C) Coordination (D) Control

Last Answer : Answer: Control

The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change. b. Improving agricultural productivity by providing timely advisory services to farmers to adopt best practices, technology, meet with contingencies, market information, etc. c. Notifying agricultural commodities produced in the region and providing their first sale mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Description : The National Mission for Sustainable Agriculture (NMSA) aims at which of the following? a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and ... mechanism. d. Providing Irrigation benefits to the farmers to ensure early completion of projects.

Last Answer : a. Enhancing agricultural productivity, protection of resources such as land, water, biodiversity and genetic resources by developing strategies to make agriculture more resilient to climate change.

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

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

The probability distribution taken to represent the completion of time in PERT analysis is (a) Normal Distribution (b) Bet Distribution (c) Gamma Distribution (d) Gaussain Distribution

Description : The probability distribution taken to represent the completion of time in PERT analysis is (a) Normal Distribution (b) Bet Distribution (c) Gamma Distribution (d) Gaussain Distribution

Last Answer : (a) Normal Distribution

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

Reserve Bank of India is a– (A) Government Company (B) Departmental Organisation (C) Statutory Corporation (D) None of the above

Description : Reserve Bank of India is a– (A) Government Company (B) Departmental Organisation (C) Statutory Corporation (D) None of the above

Last Answer : Answer: Government Company

“A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Description : “A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Last Answer : Answer: Committee organisation

Out of the following forms, which form of organisation is the oldest one ? (A) Line and staff organisation (B) Functional organisation (C) Committee organisation (D) Line organisation

Description : Out of the following forms, which form of organisation is the oldest one ? (A) Line and staff organisation (B) Functional organisation (C) Committee organisation (D) Line organisation

Last Answer : Answer: Line organisation

The organisation in which power of authority runs in straight line is called– (A) Line organization (B) Functional organisation (C) Committee organization (D) None of the above

Description : The organisation in which power of authority runs in straight line is called– (A) Line organization (B) Functional organisation (C) Committee organization (D) None of the above

Last Answer : Answer: Line organization

BT is involved in a process of assessing marketing opportunities and resources, determining marketing objectives, and developing a plan for implementation and control, then BT is involved in A)strategic analysis. B)marketing planning. C)marketing management. D)marketing. E)market organisation

Description : BT is involved in a process of assessing marketing opportunities and resources, determining marketing objectives, and developing a plan for implementation and control, then BT is involved in A)strategic analysis. B)marketing planning. C)marketing management. D)marketing. E)market organisation

Last Answer : B)marketing planning.

Which one of the following correctly signifies the purpose of an Organization Chart ? (A) Office Décor (B) Indication of available Office services (C) Flow of Authority (D) High Morale

Description : Which one of the following correctly signifies the purpose of an Organization Chart ? (A) Office Décor (B) Indication of available Office services (C) Flow of Authority (D) High Morale

Last Answer : Answer: Flow of Authority

Planning includes– (A) Objectives (B) Policy (C) Strategy (D) All of the above

Description : Planning includes– (A) Objectives (B) Policy (C) Strategy (D) All of the above

Last Answer : Answer: All of the above

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

The project team has just determined that the deadline for completion will not be met. In order to deliver a high quality system on schedule, the team has requested that the features be prioritized and that a fixed deadline be imposed for the project. This technique is referred to as SDLC methodology.

Description :  The project team has just determined that the deadline for completion will not be met.  In order to deliver a high quality system on schedule, the team has requested that the  features be ... that a fixed deadline be imposed for the project. This technique  is referred to as SDLC methodology.

Last Answer : Ans: False

Which management functions are closely related to ? (A) Planning and Organising (B) Organising and Staffing (C) Staffing and Control (D) Planning and Control

Description : Which management functions are closely related to ? (A) Planning and Organising (B) Organising and Staffing (C) Staffing and Control (D) Planning and Control

Last Answer : Answer: Planning and Control

Who are entitled to take part in the control and management of business in a company?

Description : Who are entitled to take part in the control and management of business in a company?

Last Answer : The board of directors elected by the shareholders

Which is the technique designed to create an artificial market to benefit a businessman?

Description : Which is the technique designed to create an artificial market to benefit a businessman?

Last Answer : Rigging the market

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 first step in planning a marketing research project is: A)conducting a cost/benefit analysis B)searching the environment C)defining and locating problems D)assessing organisation resources E)defining goals and objectives

Description : The first step in planning a marketing research project is: A)conducting a cost/benefit analysis B)searching the environment C)defining and locating problems D)assessing organisation resources E)defining goals and objectives

Last Answer : C)defining and locating problems

Configuration management is best described as: a. control in the implementation of changes to project schedules. b. an organisation to review proposed changes to the project deliverables. c. quality control of project deliverables and documentation. d. creation, maintenance and controlled change of the project deliverables.

Description : Configuration management is best described as:  a. control in the implementation of changes to project schedules.  b. an organisation to review proposed changes to the project deliverables ... and documentation.  d. creation, maintenance and controlled change of the project deliverables.

Last Answer : d. creation, maintenance and controlled change of the project deliverables.

Which one of the following is appropriate for natural hazard mitigation? (A) International AID (B) Timely Warning System (C) Rehabilitation (D) Community Participation

Description : Which one of the following is appropriate for natural hazard mitigation? (A) International AID (B) Timely Warning System (C) Rehabilitation (D) Community Participation

Last Answer : (D) Community Participation

_________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation

Description : _________ technique helps to make a choice from numerous available alternatives a. PERT b. CPM c. Linear Programming d. Transportation

Last Answer : d. Transportation

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

PERT stand for: a. Performance Evaluation Review Technique b. Programme Evaluation Review Technique c. Programme Evaluation Research Technique

Description : PERT stand for: a. Performance Evaluation Review Technique b. Programme Evaluation Review Technique c. Programme Evaluation Research Technique

Last Answer : b. Programme Evaluation Review Technique

What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory

Description : What is an organization structure in which each employee reports to both a functional (or division) manager and to a project (or group) manager, known as ? (A) Strategic business unit (B) Departmentation by customer (C) Matrix structure (D) Departmentation by territory

Last Answer : Answer: Matrix structure

Which stage of project management life cycle requires the maximum time of completion A.Conceptualization B.Planning C.Execution D.Estimation

Description : Which stage of project management life cycle requires the maximum time of  completion  A.Conceptualization  B.Planning  C.Execution  D.Estimation

Last Answer : C.Execution

The advantage of following the IEEE Standard for drawing up aProject Management Plan (SPMP) – see IEEE Standard 1059.1 1987 – is a) It is drawn up by representatives from major development organisations b) It is designed for all types of products c) It is a framework that can be used irrespective of process model or specific techniques d) It can be tailored for each organisation for a particular applicationarea, development team or technique. e) All of the above.

Description : The advantage of following the IEEE Standard for drawing up a Project Management Plan (SPMP) - see IEEE Standard 1059.1 1987 - is a) It is drawn up by representatives from major  ... each organisation for a  particular applicationarea, development team or  technique. e) All of the above.

Last Answer : e) All of the above.

The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management

Description : The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management

Last Answer : Answer: Liquidity management

Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work

Description : Which one of the following functions is served most by information technology ? (A) Replacement of human labour (B) Provision for a handle to the management to improve industrial relations (C) Substitution of human information processing (D) Rationalisation of office work

Last Answer : Answer: Rationalisation of office work

In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership

Description : In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership

Last Answer : Answer: Prudent managerial leadership

Hawthorne studies have underlined the significance of which of the following ? (A) System approach to management (B) Contingency approach to management (C) Modern approach to management (D) Human relations approach to management.

Description : Hawthorne studies have underlined the significance of which of the following ? (A) System approach to management (B) Contingency approach to management (C) Modern approach to management (D) Human relations approach to management.

Last Answer : Answer: Human relations approach to management.

The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Description : The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Last Answer : Answer: Both 1 and 2