Of the questions, 25 of them are pretest questions. The Expected Monetary Value for the project is:. If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?
An accepted deadline for project approaches. The project manager then issues a change request. What should the change request authorize?
The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved? During a bidder conference, you see that one bidder is your close friend.
What should your next step be? There is a conflict of interest in this situation. You must inform your boss about this relationship. Your construction project was damaged by an earthquake. Your contractor says that he cannot fulfill the terms of the contract due to a specific clause you both had signed the contract. He is referring to the:. Project Status report can be an input to risk management. Therefore, the project status report is not always an input to risk management.
If you know the tolerance of the stakeholders, you can predict how they might react to different situations and risk events. This information can help assign levels of risk on each work package activity. You are running a project to engineer and implement a set of business processes and a software solution for customer relationship management.
This leads to different expectations on how the project should be handled—as well as to frequent misunderstandings between stakeholders. Another effect is a growing degree of distrust and skepticism. What should you try first to integrate the diverse stakeholder groups? You are finding it difficult to evaluate the exact cost impact of risk. You should evaluate on a n :.
Top PMP Exam Questions and Answers for 2020
If you cannot determine an exact cost impact to the event, use qualitative estimates such as Low, Medium, and High. A project manager is quantifying risk for her project. Several of her experts are offsite but wish to be included.What are the methodologies for Impact Assessment?
Describe briefly the various means of financing of project? How would you determining the latter? But what sets apart good project managers PMs from the truly great ones?
What does it take to go from being the manager of projects to a game-changing leader? Here are six skills the great PMs share. Develop positive mutually aligned connections with stakeholders: The first thing any project leader should work on is developing a positive relationship or connection with key stakeholders and project sponsors within an organization.
Simply jumping into a project and bypassing this step can elevate risks right out of the gate and could further increase communication gaps down the road. Being able to understand the perspective, experience and resulting behaviors of the primary players helps to create a platform for improved communication and reduces friction. After all, how can you sell any company on the benefits of your skills as a PM without understanding potential challenges, opportunities and impacts to their business?
Being able to connect the dots from start to finish, all the while keeping the higher-level end goal in sight is a valuable skill that offers organizations peace of mind. These leaders rely heavily on a project manager to understand their business needs and goals, and also navigate project tasks and milestones with minimal guidance.
Be an effective project leader by leading people, not managing them: Teams need to be able to rely on a project manager to provide them with sufficient guidance when needed and to excel in areas like motivation and communication. Establishing trusting relationships with stakeholders and team members provides smoother navigation through difficult situations and creates a greater degree of transparency. Help to build respect among teams and stakeholders: Projects offer opportunities for a diverse set of individuals to bring unique skills, experiences and ideas to the table and helps to build better solutions.
Problems often arise when individuals are in conflict and demonstrate a lack of respect for difference or override the contributions of others. A strong PM is always able to shed light on key factors and help individuals to see the merits of both sides. The need for mutual respect should be expected and communicated from the start, and ground rules and applicable consequences should be laid out to avoid disruption and lost productivity.
Influence individuals and teams to optimize their contributions. A large part of the role of a project leader is to influence each team member to give their best regardless of personal views, obstacles, and conflicts. Influence is both an art and learned behavior that is often undervalued and overlooked. The real value in positive influence is the ability to translate this soft skill into action that results in a win-win for the stakeholders and team.
Companies are increasingly seeking well-rounded project leaders who exhibit the technical know-how and leadership prowess required to see things and execute from different vantage points.
A project manager who has the underlying training combined with these core soft skills can uniquely position him or herself to stand out in their field, achieve optimal results and become a sought after thought leader. A project management methodology characterized by building products that customers really want, using short cycles of work that allow for rapid production and constant revision is called.
Which American mechanical engineer and management consultant, developed the Gantt chart in the s. In project management, an objective or milestone set by an individual or organization is called………….
Is the methodology that focuses on streamlining and cutting out waste. The goal is to do more with less: i. An X-Y axis graph that shows the number of tasks that need to be completed on the vertical axis versus the time remaining on the horizontal axis is Burn …………… Chart.
A method used to model projects that includes all tasks, time estimates, task dependencies, and final deliverables.
A statistics-based methodology that seeks to improve the quality of a process by measuring the defects or bugs present and getting it down as close to zero as possible. Quality, Cost, …………. QCD as used in lean manufacturing measures a businesses activity and develops Key performance indicators. Project Portfolio ………….Student Name. All questions are required to be attempted.
All the three assignments are to be completed by due dates and need to be submitted for evaluation by Amity University. The following data is available regarding the same: a. The machine was purchased 4 years ago for Rs. The machine has a remaining life of 5 years, after which its salvage value is expected to be Rs. Its present salvage value is Rs. The new machine costs Rs. Its expected life is 8 years and after 5 years it is expected to fetch Rs.
The installation of this machine will increase the annual revenue by Rs. Assume no change in the depreciation rate if old machine is continued to be used.
Show all your workings. Problem 2: Matrix pharma Ltd. Is considering investing in a new line of pharmaceuticals. The Company has a plan that after five years it will sell the unit at a good profit to a pharmaceutical major. The project outlays are as follows: Particulars. The Unit is expected to generate sales value of Rs. The technical know-how fees will be written-off over the period of five years. The term loan for the project will be repaid after 5 years when the project would be sold. You are required to: a.
Define the cash flows for the investment proposal from the long term funds point of view. Calculate the internal rate of return for the investment period.Building a Multiple Choice Quiz - Python - Tutorial 32
Comment on the investment proposal of Matrix Pharma Ltd.Hello, I want to convert the attached pdf Arabic language content to word. We would like to have a special PDF file converted to a Word file. Need to create excel files from the pdfs given. Overall there are entries. Please check the attached file for sample. Forms are hand written and contain 4 fields : Student name, Grade, Parent name and Parent phone.
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Pick a company. Describe their operation, and type of business. Describe their supply chain. Is their supply chain unique? Does it give them a competitive advantage? Now discuss 5 supply chain risks that this company faces. I need someone to do online research for me to find the right suppliers for a specific industry.
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Project Planning Appraisal and Control Assignment
In other words: they do Admin, user,teachers Book can be available give user id. Please Sign Up or Login to see details. I need multiple writers for different projects.Dear Readers, Welcome to Construction Planning and Management Objective Questions have been designed specially to get you acquainted with the nature of questions you may encounter during your Job interview for the subject of Construction Planning and Management MCQs.
These objective type Construction Planning and Management questions are very important for campus placement test and job interviews.
Reason R : Earliest finish time and latest finish time for events are same Select the correct answer. Of these statements. Projects are of the non-repetitive type. Events have been established for planning. Brick-jelly lime concrete terracing. Construction of parapet wall in terrace. Select the correct statement. Which of the following is a weakness of bar chart? In the network shown in Fig. Which of the following is not a PERT event?
With reference to the network shown in Fig. Which of the following does not represent an activity? Select the incorrect statement. If the optimistic time, most likely time and pessimistic time for activity A are 4, 6 and 8 respectively and for activity B are 5, 5.
If an activity has its optimistic, most likely and pessimistic times as 2, 3 and 7 respectively, then its expected time and variance are respectively a 3. A father notes that when his teenage daughter uses the telephone, she takes not less than 6 minutes for a call and some times as much as an hour. Fifteen minutes call are more frequent than calls of any other duration. If these phone calls were an activity in PERT project, then phone calls expected duration will be a 15 minutes b To browse Academia.
Skip to main content. Log In Sign Up. Bunny The advent of project management has been most profound in A. Automobile manufacturing B. Construction C.
Information technology D. The U. Department of Defense E. Film making 2. A professional organization for project management specialists is the A.
PMI B. AMA C. MIS D. IPM E. PMBOK 3. Which of the following is not considered to be a characteristic of a project? An established objective B. A clear beginning and end C. Complex tasks D.
Top PMP Exam Questions and Answers for 2020
Only for internal use E. Never been done before 4. Which of the following activities is not considered a project? Developing a new software program B. Designing a space station C. Preparing the site for the Olympic Games D. Production of automobile tires E. From among the following activities, which is the best example of a project? Processing insurance claims B. Producing automobiles C. Writing a term paper D. Completing a college degree E. All of these are good examples of projects 6.Below given is MCQ in performance appraisal with answers.
Performance appraisal is an interesting part in Human Resource Management. And it is a part of syllabus of HRM in almost all University. This Objective type questions have become mandatory in almost all courses you can get benefit out of this. Performance analysis c. Performance evaluation. Measuring the efficiency. Designing Organisational goal. Neither a nor b. Behavioral Attitude ranking System.
Behavioral Anchored Ranking Scale. Wrong survey. Stereo Typing. He may be casual at work too! Spill over effect. Exit interviews. This step of performance appraisal process finds out the deviation occurred in actual performance. Measuring actual performance. Discuss Appraisal With The Employee. Motivation system. The rater is forced to answer the ready-made statements as given in the blocks of two or more, about the employees in terms of true or false.
This method of performance appraisal is known as.