Project Management Questions and Answers:
Ques. Activities that can be accomplished simultaneously are called __ activities.
(a) critical
(b) preceding
(c) succeeding
(d) concurrent
Ques. __ is the earliest time an activity can begin
(a) EFT
(b) LST
(c) LFT
(d) EST
Ques. A Project is not acceptable for finance if its
(a) BEP is high
(b) IRR is higher than the cost of capital
(c) NAP is positive
(d) NPV is negative Correct
Ques. Factory cost does not include
(a) Indirect manufacturing cost
(b) Burden
(c) Factory overheads
(d) Office overheads
Ques. The sum of earliest start time and estimated time to perform the project is called __
(a) EFT
(b) LST
(c) LFT
(d) EST
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Ques. The latest possible time an activity can finish without delaying the project is called __
(a) EFT
(b) LST
(c) LFT
(d) EST
Ques. Which of the following is not a trait of decentralization?
(a) Subordinate become liable for the work
(b) It is an end result of a deliberate policy of delegation of authority to the lowest managerial level
(c) It is more suitable to small organizations rather than large organizations
(d) It creates autonomous and self-sufficient units
Ques. Difference between latest finish time and estimated time to perform the project is called __
(a) EFT
(b) LST
(c) LFT
(d) EST
Ques. __ study is a systematic method adopted to find out the possibility and practicability of starting a project.
(a) profitability
(b) liquidity
(c) feasibility
(d) viability
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Ques. Which of the following is not a phase in the project life cycle:
(a) Pre- investment phase
(b) Construction phase
(c) Normalization phase
(d) Growth phase
Ques. An economic region of production consists of:
(a) the positively sloped segments of all isoquants
(b) the negatively sloped segments of all isoquants
(c) the middle of isoquants
(d) the highest points of all isoquants
Ques. Which of the following is a technique of project identification:
(a) Desk research
(b) Sensitivity analysis
(c) CVP analysis
(d) None of these
Ques. Maximum possible time to complete an activity is __
(a) pessimistic time
(b) optimistic time
(c) most likely time
(d) none of these
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Ques. Estimated time required in normal conditions complete an activity is __
(a) pessimistic time
(b) optimistic time
(c) most likely time
(d) none of these
Ques. __ is a network technique of scheduling and controlling the project where activity times cannot be precisely estimated.
(a) PERT
(b) CPM
(c) BEP
(d) SWOT
Ques. __ represents the activities and events of a project in a logical sequence.
(a) network diagram
(b) project graph
(c) arrow diagram
(d) all of these
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Ques. The element of job to be completed in a specific time is known as __
(a) event
(b) activity
(c) network
(d) slack
Ques. __ represents the start and end of an activity.
(a) event
(b) activity
(c) network
(d) slack
Ques. __ is the unbroken chain of activities from start event to end event in the network diagram
(a) slack
(b) activity
(c) network
(d) path
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Ques. Projects for industrial development is an __ project.
(a) quantifiable
(b) non-quantifiable
(c) sectoral
(d) crash
Ques. Additional capital cost are incurred in __ projects to save time.
(a) quantifiable
(b) non-quantifiable
(c) sectoral
(d) crash
Ques. Large scale projects are an example of __ project
(a) quantifiable
(b) magnitude oriented
(c) sectoral
(d) crash
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Ques. Activities lying on the critical path are known as __ activities.
(a) critical
(b) preceding
(c) succeeding
(d) concurrent
Ques. __ is a contract between the owner and user of the asset to use the asset for a consideration.
(a) venture capital
(b) layered financing
(c) deferred credit
(d) lease financing
Ques. Project appraisal is the process of estimating the costs and benefits of a project to arrive at the __ decision.
(a) investment
(b) profitability
(c) liquidity
(d) none of these
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Ques. Project appraisal is usually done by a __ Institution.
(a) Marketing
(b) financial
(c) production
(d) none of these
Ques. Project __ is done after the project is implemented.
(a) management
(b) appraisal
(c) evaluation
(d) none
Ques. The main object of project appraisal is:
(a) To find whether the project is technically feasible
(b) To ascertain whether the project is financially feasible
(c) To decide whether to accept or reject a project
(d) To know whether the project is eco-friendly
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Ques. Which one is not an element of project appraisal:
(a) Technical feasibility
(b) Network analysis
(c) Economical viability
(d) Commercial viability
What Is Project Management?
Project management is the process of leading a team of people to complete a particular task, with the objective of meeting a set of constraints. The project information is typically captured in project documentation that is created at the start of the development process. The constraints are divided into three primary categories: time, budget, and scope. The secondary category deals with optimizing inputs.
What does a project manager do?
While it may seem like a simple task, there are a lot of moving parts that go into a project. One of the most important parts of a project is the plan. It outlines how it will proceed. For instance, in architecture, a project plan starts with an idea, moves from sketches to blueprint drafting, and so on. This means there are literally thousands of pieces to the puzzle. While the architect is one piece of the puzzle, the project manager puts them all together. Many industries rely on project managers to meet the needs of their clients.
What makes a good project manager?
A good project manager is someone who emphasizes people, while integrating the other two factors (time and budget) into the process. They will never allow the spirits of their team to drop. These managers are excellent listeners who provide sound advice. They believe in continuous communication and smooth collaboration between team members. They also understand how to lift morale. A supportive project manager is a team player who will do anything in his power to build trust and respect among teammates. This discipline is commonly associated with healthcare, engineering, construction and information technology.
