Sikkim Manipal University - DDE. Master of Business Administration. II Semester.
Project Management (MB0049). Duration : 3 hours. Total marks: 140 ...
Sikkim Manipal University - DDE Master of Business Administration II Semester Project Management (MB0049) Duration : 3 hours
Total marks: 140
____________________________________________________________________
Section A 1.
50 X 1= 50 marks
________________is a set of activities which are networked in an order and aimed at achieving the defined goals for which the project is undertaken. a. Project b. Project cycle c. Process d. Resource
2.
________________is the job of organising, coordinating, and managing the various tasks and resources in order to complete a project successfully. a. Project management b. Project cycle c. Process d. Project
3.
What is the primary reason for commencing a project? a. Earn revenue b. Increase sales c. Fulfill a specific goal d. Increase market share
4.
Which of these statements are true? a. Project ideas are mere day dreams b. Project ideas are not mere day dreams c. Project ideas are nothing but false realisations
d. Project ideas are mere day dreams unless appropriate steps are considered to make them see the light of the day.
5.
At___________stage of project identification, over ambitious and cumbersome ideas are filtered out. a. Conceptual b. Screening c. Identification d. Pre-feasibility
6.
Which of these statements is false? a. Good projects fuel economic growth b. Good projects foster creativity and innovation c. All projects can be implemented universally d. Availability of suitable resources is a must for any project to take off.
7.
The __________________process helps draw a blue print to get executed with little or no modifications. a. Project development b. Project planning c. Project implementation d. Feasibility analysis
8.
All these tools are used in project planning and scheduling except a. PERT b. Gantt chart c. SWOT d. CPM
9.
All of these represent a type of organisational structure except, a. Functional b. Product
c. Line d. Collinear 10.
___________of the product is a major driving force for any project to take off. a. Price b. Distribution c. Communication d. Sale
11.
If production, R&D, sales and finance are used as bases to organise a company, then it is a ______________organisation. a. Line b. Line and staff c. Functional d. Product
12.
The number of steps in a project depends upon its ________________________. a. Magnitude b. Complexity c. Magnitude and complexity d. Significance
13.
A network diagram is also referred to as a __________________. a. Timeline graph b. Review graph c. Project graph d. Performance graph
14.
Resource _______________ is a plan for using available resources. a. Planning b. Management c. Allocation d. Levelling
15.
If the resources are limited or there are constraints, then the project manager might face _______________situation. a. Resource levelling b. Resource smoothing c. Resource levelling or resource smoothing d. Resource levelling and resource smoothing
16.
Scheduling the scarce resource is a method for developing the _____________ schedule when the number or quantity available is fixed. a. Shortest b. Longest c. Most efficient d. Most productive
17.
The project scope statement includes all of these except, a. Constraints b. Assumptions c. Requirements d. Recommendations
18.
Which of these statements is true about risk? a. A potential loss might also be termed as risk b. Risk marks a potential positive impact to some characteristic value that may arise from a future event. c. Risk is often used synonymously with the chance of an expected profit d. Not every project involves risk
19.
Which of these is an internal risk? a. Change in interest rate b. Rise in level of inflation
c. Vendor backing off at the last moment d. An employee leaves the organisation
20.
Which of these is a systematic risk? a. Change in consumer preference b. Employees' strike c. Fall of government d. Non-availability of raw materials
21.
In bull market, the index moves _________________. a. From a low level to the peak. b. From peak to low level c. In a straight line d. In a cyclic manner
22.
Quality begins with designing a product as per _____________________. a. Company's goals b. Company's vision c. Market standards d. Customer specifications
23.
In an efficient system, the ____________ develops a unique identification code for each material needed for the project right from the beginning. a. Design section b. Purchase section c. Billing section d. IT section
24.
Energizer's tagline that says, 'It keeps going, and going, and going', stresses on the _______________of the brand. a. Reliability b. Durability
c. Safety d. Serviceability
25.
In Shewhart Cycle (P-D-C-A), what do P, D, C, A stand for? a. Plan-Do-Control-Assess b. Plan, Do-Correct-Assess c. Programming-Direct-Control-Ask d. Plan-Do-Check-Act
26.
_________________is a diagram that depicts how different elements of a system relate to each other. a. Product description b. Flowchart c. Scope statement d. Benchmarking
27.
A Project Management Information System consists of people, equipment and ________________. a. Finance b. Procedure c. Top management's support d. Technology
28.
Which of these is a secondary stakeholder of a firm? a. Creditors b. Employees c. Suppliers d. Competitors
29.
Which of these is a part of the selection phase of a project?
a. Statutory approvals and clearances b. Project cost c. Project schedule and budget d. Project organisation
30.
Which of these is a modern method of communication? a. Meeting b. Written reports c. Blogs d. Face-to-face interaction
31.
______________ is at the core of procurement. a. Product specification b. Purchase order c. Purchase receipt d. Sales invoice
32.
____________ authorises the purchase engineer to procure the material. a. Product specification b. Indent c. Product description d. Sales invoice
33.
What is the primary task of a buyer? a. Check the product description b. Check the product specification c. Identify a supplier d. Invite bid
34.
Negotiation bid starts with ___________. a. Negotiation b. Bidding c. Debate d. Procurement
35.
Performance measurement is an _______________ process. a. Static b. Complex c. Continuous d. Cyclic
36.
__________________measures the degree to which a service or product meets the requirements and expectations of the user. a. Effectiveness b. Efficiency c. Quality d. Productivity
37.
Once the project is finalised, the execution part begins. At the onset of this phase, the project manager organises a meeting called ____________meeting to announce the start of the project. a. Onset b. Start-up c. Kick-off d. Initiation
38.
Proportion of an activity (as used for calculating BCWP) equals a. (work completed in physical units)/(Total work planned in physical units) b. (work completed in physical units) x (Total work planned in physical units) c. (work completed in financial units)/(Total work planned in financial units)
d. (work completed in financial units) x (Total work planned in financial units) 39.
The close-out phase is also termed as _____________________. a. Reserved b. Diminishing phase c. Commissioning d. Extra phase
40.
When does a project end? a. When the project objective has been attained and is ready to hand over to customer b. When the budget allocated for the project has been used up c. When the costs begin to overrun the expected benefits d. When the project manager shifts to another project
41.
A project organisation uses a _______________ to calculate the schedule for the project. a. Watch b. Calendar c. Computer d. Calculator
42.
What does Finish-Start type relationship indicate? a. It means that the succeeding activity can start along with the preceding activities b. It means that the succeeding activity can start only if all preceding activities to it have been completed. c. It means that the succeeding activity can start only if some of the preceding activities to it have been completed. d. It means that the succeeding activity can start only if none of the preceding activities to it have been completed.
43.
____________________is an individual or organisation, which will ultimately use the product or service.
a. Project manager b. Beneficiary c. Client organisation d. Sponsor
44.
Which of these is a knowledge area explained by Project Management Body of Knowledge? a. Supply chain b. Distribution c. Procurement d. Sales
45.
Which of these is a disadvantage of functional organisational structure? a. Expansion b. No unit of command c. Economy d. Specialisation
46.
The probability of project risk depends on the project _____________. a. Charter b. Scope statement c. Lifecycle d. Profitability
47.
What does NPV > 1 indicate? a. The present cash outflow and the present value of future cash inflows are equal. b. The present value of future cash inflows is less than the present cash out flow. c. The present value of future cash inflows is more than the present cash out flow d. The present value of future cash inflows is more than the present cash inflow
48.
The time when the event can be completed at the earliest is known as ___________________. a. EOT b. LOT c. Optimistic time d. Pessimistic time
49.
_______________is action taken to bring a defective or non-conforming item into compliance with requirements or specifications. a. Flowcharting b. Trend analysis c. Rework d. Value engineering
50.
_______________reduces the scale of conflict by making differences seem less important. a. Forcing b. Smoothing c. Compromise d. Problem-solving
Section B 1.
25 X 2= 50 marks
A project management process ___________ and ______________ the work of the project. a. Selects, organises b. Interprets, organises c. Describes, selects d. Describes, organises
2.
The _______________ feasibility aspect of a project relates to the earning capacity of the project, which depend on the ________________. a. Economic, volume of sales
b. Technical, volume of sales c. Financial, volume of sales d. Economic, project idea
3.
During project________________, a project proposal is raised by a client while during project______________, the company looks for a project manager having capabilities to make this project executable. a. Origination, initiation b. Initiation, planning c. Origination, planning d. Initiation, origination
4.
Raj shares his vision with his team but permits them to use their respective ideas to come up with a solution. Raj uses___________ style of leadership. a. Coercive b. Authoritative c. Coaching d. Democratic
5.
What are the three measures of float? a. Total, free and independent b. Total, partial and free c. Partial, free and dependent d. Free, independent and dependent
6.
Assertion (A): It is useful to break the project into some steps. Reason (R): It is essential to detail all the activities of the project because activities are the basic building blocks of a network diagram. a. A is true, R is true b. A is true, R is false c. A is false, R is true d. A is false, R is false
7.
Planning of tasks from the date resources become available to determine the shipping date or the due date is referred to as ______________scheduling, while planning the tasks from the due date or required-by date to determine the start date and/or any changes in capacity required is referred to as ________________ scheduling. a. Forward, backward b. Backward, forward c. Vertical, Horizontal d. Horizontal, vertical
8.
Assertion (A): When the project includes a risky event, the cost of the project will always decrease. Reason (R): If the project includes a risky event, there is likelihood of delay in the scheduled project. a. A is true, R is true b. A is true, R is false c. A is false, R is true d. A is false, R is false
9.
Two factors that are essential to all human decision making are risk _____________and risk _________________. a. Communication, perception b. Communication, management c. Perception, alleviation d. Perception, management
10.
Assertion (A): Organisations can generate a lot of profit if they deal with uncertain project events in a reactive manner. Reason (R): There are a lot of benefits of proper risk management in projects. a. A is true, R is true b. A is true, R is false c. A is false, R is true d. A is false, R is false
11.
Vodafone, 'Happy to help you' stresses on _____________of the brand while Punjab National Bank, 'The name you can bank upon' stresses on ___________. a. Reliability, durability b. Serviceability, reliability c. Serviceability, durability d. Durability, reliability
12.
Assertion (A): A good quality planning process starts with a clear definition of the goals of the project. Reason (R): Quality planning is the process of identifying the quality standards that are related to the project and determining how to these standards can be achieved. a. A is true, R is true b. A is true, R is false c. A is false, R is true d. A is false, R is false
13.
Which of these represents the correct sequence? a. Input -output-processing-storage b. Input-processing-output-storage c. Processing-input-output-storage d. Input-storage-processing-output
14.
Which of these are primary stakeholders? 1 Contractors 2 Judiciary 3 Media 4 Environmentalists 5 Political parties a. 1 and 2 b. 1, 2 and 3
c. 2 and 3 d. 1, 2 and 5 15.
Which of these is/are included in the product specification? 1 Commercial design 2 Function 3 Indent 4 Performance a. 1 and 2 b. 2 and 3 c. 3 and 4 d. 1, 2 and 4
16.
Which of these is/are source/s of identifying suppliers? 1 Trade registers 2 Trade journals 3 Purchase records 4 Internet 5 Catalogues a. 1,2 and 3 b. 2, 3 and 5 c. 1, 2, 4 and 5 d. 1, 2, 3, 4 and 5
17.
Estimated cost performance index equals a. BCWP / BCWS b. (ACWP + ACC) / (BCTW) c. ACWP/BCTW d. ACWP +BCWP/BCWS
18.
Which of these statements are true?
1 Work-to list is a list prepared separately for each agency 2 It is prepared before the resource scheduling process 3 A work-to list is generally prepared to cover a few years ahead. 4 It is a recommendation to the concerned managers of the sequence and timing of work to be done a. Statements 1, 2 and 3 are true b. Statements 2, 3 and 4 are true c. Statements 1 and 3 are true d. Statements 1 and 4 are true
19.
In which cases, follow-up to the project becomes more important? 1 Project benefits have relatively low visibility 2 Project benefits are not clear to stakeholders 3 Project also has very high costs 4 The business environment is not dominated by the political environment a. 1, 2 and 3 b. 1, 2 and 4 c. 1, 3 and 4 d. 2, 3 and 4
20.
"In resource _______________, activities are scheduled to minimise the variation in level of resource deployment whereas in resource_______________problem is concerned with scheduling activities in such a way so as to find the shortest project schedule." a. Levelling, allocation b. Allocation, levelling c. Allocation, optimisation d. Levelling, optimisation
21.
Assertion (A): Team members have this tendency to leave a number of small work outstanding. Reason (R): As the project nears completion, the project manager works really hard and conducts regular meetings to be in focus.
a. A is true, R is true b. A is true, R is false c. A is false, R is true d. A is false, R is false 22.
Which of these can errors cannot be detected by error detection routines? 1 An incorrect activity duration 2 An incorrect activity name 3 An Incorrect precedence logic 4 An Incorrect cost data a. 1, 2 and 3 b. 1, 3 and 4 c. 2, 3 and 4
Cumulative BCWS
d. 1, 2, 3 and 4
23.
Time
Label this baseline plan that plots BCWS versus time. a. Time on x axis and BCWS on y axis b. Time on y axis and BCWS on x axis c. Time on x axis and cumulative BCWS on y axis d. Time on y axis and cumulative BCWS on x axis
24.
__________________indicates the degree to which a process output, i.e., a service or product conforms to the set requirements whereas indicates the degree to which the required service or product is produced, the required service or product is produced at minimum resource cost. a. Effectiveness, efficiency b. Quality, effectiveness c. Efficiency, quality
d. Productivity, quality 25.
Data collected from balance sheet of the company is known as _____________ data while data collected from interviewing employees is known as ______________ data. a. Primary, secondary b. Secondary, primary c. Internal, external d. External, internal
Section C Case Study (Compulsory) Reliance Petro Jamnagar Refinery Ahead of Schedule For the June quarter, Reliance Petroleum Ltd. has overshot its budget by Rs.1,390 crore for setting up the Greenfield refinery at Jamnagar. The refinery project is expected to be completed ahead of the December deadline. It has achieved 94% overall progress in implementing the project, the company said in a BSE statement. Reliance Petroleum is setting up the export-oriented refinery with a capacity to process 580,000 barrels a day of crude. It is also setting up a 900,000 tonnes a year polypropylene plant. Reliance Petroleum in the statement said, “As on June 30, the company has utilised Rs. 25,515 crore for the project against a projected utilisation of funds of Rs. 24,125 crore. The variation is mainly due to payments in advance under project contracts for continued, efficient, and speedy implementation of the project.” The company added that the project engineering, procurement, and contracting activities have been completed for the refinery. Pre-commissioning Activities Construction activities are progressing rapidly to meet the pre-commissioning requirements. Planning for project start-up is completed. The statement said the pre-commissioning activities are proceeding at a fast pace with necessary infrastructure facilities already under commissioning. The company has mobilised sufficient resources to sustain the pre-commissioning and commissioning activities on fast track. The quarter witnessed a close-out of procurement and contracting activities for equipment and bulk materials.
Deliveries of equipment are nearly complete. Deliveries of bulk materials including pipes, fittings, electrical, and instrumentation bulks matched the pace of equipment deliveries and their installation at site. Focus has now shifted towards achieving a rapid close-out on this front, the statement added. Each Question carries 10 marks
2X 10 = 20 marks
1.
Why Reliance Petroleum Ltd. has overshot its budget?
2.
Why are the pre-commissioning activities are proceeding at a fast pace?
Answer the following questions
2X 10 = 20 marks
1. What is project control? Describe the process of project performance evaluation 2. Briefly discuss the steps to close the project
