ANSWER KEY COURSE: MBA SEMEMSTER 3 PAPER CODE: PM0011 BOOK ID: B1237

PAPER NAME: Project Planning & Scheduling

Q. No.

Question Statement 1 marks question (question 1 to 20)

Correct Option

Section Number

Pag e Num ber

Project planning is an element of project management focused on ________________ of tasks and resource assignments. a. detailed scheduling b. Reduced costs c Validity limitations d. Environmental Impact a 1.2

A degree of change and ___________ is inherent in engineering and industry, and it should be expected that a plan will change. a. Environment b. Road Map c. Location d. Uncertainty a 1.2

3 A project plan starts with a project requirements document and _____________ both of which are prepared during the project initiation process B 1.2

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a. Grid test b. Scope definition b. Scope definition d. Execution

4 As per the project management fraternity, project management can be dissected into _____________ and 5 process groups. a. 9 knowledge area b. 6 knowledge area c. 10 knowledge area d. 4 knowledge area a 2.2

5 The major parts of a project management plan are lifecycle selected, _________________ plan and configuration management a. Risk Management b. Change Management c. Finance Management d. Personnel Management 6 Project plan is like a guide to the project from ___________ to closing a. Subsidiary plans b. Whom c. Initiation d. funding c 23.1 b 2.3.1

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The ___________________ is a detailed listing of the deliverables and tasks for building the product or delivering the service. a. Functional Aspect b. Base Function c. Division Bases d. Work Breakdown structure d 3.1

8 The balance between detail and __________ -------will ultimately determine the successful use of the WBS a. applied information b. Collective Information c. Unrelated Cost Elements d. Validation Process a 3.2

When the WBS is structured to support _______________, project teams can quickly review bids to determine where they may vary from plan a. Baseline estimate b. Contract packages c. Mapping exercises d. Non-flexible elements b 3.4

10

The WBS is a _____________ hierarchy of the scope of work, and is embodied in a numbering structure that provides a system for organizing

43

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the scope in a logical manner. a. Firm oriented b. Product-oriented c. Location oriented d. Market-Oriented

11

It is usual for organizations to use a formal project management methodology in which a _______________ document is prepared. a. Project Initiation b. Project Differentiation c. Project Audit d. Stakeholder a 4.3

12

____________ is one of the most common reasons projects run over budget and deliver late a. Human resources b. Legal implications c. System facility d. Scope Cree d 43

13

___________this estimating technique uses information from previous similar projects to calculate the duration. a. Expert Judgment b. Analogous estimating c. Parametric estimating a 5.4.2

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d. Program evaluation and Review Technique

14

_______________is the information about schedule milestones, activities and their characteristics, assumptions made and constraints. a. Project Schedule b. Schedule Baseline c. Schedule Data d. Project Document Updated c 5.5

15

While scheduling the project, we have studied different methods to analyze the activities and to _________ the flow of activities a. Structure b.Resource c.Network d. Cost a 6.9

16

PERT uses ____________ activities a. Parallel b. Series c. Sequential d. Random a 6.2

17 _________________uses an algorithm to calculate project schedule. a. Microsoft a 7.6

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b. Activity Planning c. Resource Levelling d. Control phases

18

As the scope and extent of project increases, the CPA process becomes___________ a. Simplex b. Complex c .Duplex d. Linear b 7.9

19

_____________ is about forecasting actions related to the nine knowledge areas. a. Planning b. Quality c .Policies a 8.1

20

____________process is used to mathematically assess the effect of the risks identified for the project a. Risk register b. Organizational assets c. Quantitative risk analysis d .Expert judgment c 8.3.3.2

2 Mark Question (Question No.21 to 31)

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21

State whether following statement true or false 1.The last thing a project manager wants is constant demonstrations and disruptions while the project is being carried out 2. The best way to carry on project is to ignore disruptions a. 1T, 2F b. 1F, 2F c. 1F, 2T d. 1T, 2T

a.1T 2F

1.3

22

Which among the following need not be considered as environmental aspects for carrying out project in some part of the world a. Tornado or Typhoon Seasons b. Political System c. Rainy seasons d. Radioactive materials

1.3

23

State whether following statement true or false 1. The Six process groups are based on Demings cycle, considering a project as a solution to a given problem 2. As per the cycle, these are four steps to a problem solving process. a. 1T, 2F b. 1F, 2T c. 1F, 2F d. 1T, 2T b.1F 2T 2.2

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24

State whether following statement true or false 1. Planning process group collects information from various constituent processes up to the degree of completion and confidence. 2. As per PMI, there are 20 processes in the planning process group, which is half of the total project management processes a, 1T, 2F b. 1F, 2T c. 1T, 2T c. 1T, 2T a. 1T 2F 2.2

25

State whether statement true or false To maximize the structure when developing the WBS: 1. It must be cost effective to use 2. End users should be able to easily memorize the WBS a. 1F, 2F b. 1T, 2T c. 1F, 2T d. 1T, 2T c.1F 2T 3.2

26

State whether statement true or false 1. Performance measurement is an integral part of preparing revised cost forecasts

a.1T 2F

3.4

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2. The usefulness of WBS in cost reporting is its inconsistent presentation of cost data a. 1T, 2F b. 1T, 2T c. 1F, 2T d. 1F, 2F

27

State whether following statement true or false 1. Planning must identify desired performance and technology levels 2. Planning must be based on the past estimates of the eventual cost, schedule, and scope of work a. 1F, 2T b. 1T, 2F c. 1F, 2F d. 1T, 2T b.1T 2F 4.2

28

State Whether Statement is True or False Selection of project activities: 1. This is the process of decomposing the project into individual task, which are not to be performed for project progress to its objectives and is an important step for meeting project scope.

b.1F 2T

5.3.1

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2. These activities act as a basis for estimating, scheduling, executing and monitoring and controlling the project work. a.1T 2F b.1F 2T c.1T 2T d.1F 2F

29

Estimates can be made of how long the work would take if things go better than expected and conversely, if things go worse than expected. These are called the ____________ and_____________ conditions a. Most likely time and Pessimistic time b. Optimistic and Pessimistic c .Most likely time and Optimistic d. Trial & Error

6.2

30

Critical Path Analysis flow diagrams are very good for presenting mutually dependent factors whose timings __________ or ____________ a. Overlap or separate b. Divide or separate c .Overlap or Coincide d. Separate or Coincide

7.2

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31

State whether the following statement true or false The major outputs of the quality planning process are: 1 .Quality metrics: This tool is used to specifically describe the project characteristics and how it would be measures in quality processes. 2. Quality checklist: This is the tool used to list the major quality components which are not to be checked and verified in a project. a. 1T, 2F b. 1F, 2T c. 1F, 2F d. 1T, 2T

a.1T 2F

8.2

4 Mark Question (Question No. 32 to 38)

Match the following 32 Prioritizing strategic options through Strategic Option Grid which looks at a number of options against the following generic criteria Set 1 A. Strategic Attractiveness B. Financial Attractiveness C. Uncertainty Risk D. Acceptability to Stakeholders Set 2 1. Degree of sensitivity to external and internal shock 2. Strength of the factors driving growth and competitive pressure 3. Future support for the strategy and influence of the key players 4. Determined by the value and cost drivers a. A-2, B-4, C-1, D-3 b. A-3, B-1, C-4, D-2 Page 11 of 15

a. A-2, B-4, C-1, D-3

1.4

c. A-4, B-2, C-3, D-1 d. A-1, B-3, C-2, D-4 Match the following 33 Set 1 A. Project Integration Management B. Project Scope Management C. Project Time Management D. Project Cost Management Set 2 1. Relates to the processes which need to be accomplished to complete the project 2. The processes in this knowledge area handle project cost 3. Amalgamate all the forty two processes of project management 4. Required to define the work required in a project a. A-4, B-2, C-1, D-3 b. A-3, B-4, C-1, D-2 c. A-2, B-1, C-4, D-3 d. A-1, B-3, C-2, D-4 b. A-3, B-4, C-1, D-2

2.2

34 Match the following: Set 1 A. administrative unit basis B. budget account basis C. product basis D. sequential basis Set 2 1. Order in which activities are performed 2. Project is divided into distinct components 3. Infuses the resource based structure into the work breakdown structure 4. Puts organizational elements into the WBS a. A-3, B-1, C-4, D-2 b. A-2, B-3, C-4, D-1 c. A-1, B-4, C-2, D-3 d. A-4, B-3, C-2, D-1 d. A-4, B-3, C-2, D-1 3.7

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35

Match the following: Set 1 A. Scope B. Project Scope C .Scope Statement D. Statement of Work Set 2 1. Document for Future Decisions 2. Summation of all deliverables 3. Narrative description of the work 4. Products, services and end results a. A-2, B-4, C-1, D-3 b. A-4, B-2, C-3, D-1 c. A-3, B-1, C-2, D-4 d. A-1, B-3, C-4, D-2 a. A-2, B-4, C-1, D-3 .4.4

36

Match the following Set 1 a. Project Schedule b. Schedule Baseline c. Schedule Data d .Project Document Updated Set 2 1. Is the information about schedule milestones, activities and their characteristics, assumptions made and constraints 2. Some of the project documents which need to be updated may include List of activities, activity characteristics, and risk register. 3. This is a version of schedule, approved by project management team, with the baseline start and end date of the project. 4. This structured document gives us the start and end date of each activity. c. A-4, B-3, C-1, D-2

5.5

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a. A-3, B-4, C-1, D-2 b. A-2, B-3, C-4, D-1 c. A-4, B-3, C-1, D-2 d. A-1, B-4, C-2, D-3

37

Match the following Set 1 A .te B. a C. m D. b Set 2 1. Estimated time 2. Most likely time 3. Pessimistic time 4. Optimistic time estimate a. A-3, B-4, C-1, D-2 b. A-2, B-3, C-4, D-1, c. A-4, B-3, C-1, D-2, d. A-1, B-4, C-2, D-3 d. A-1, B-4, C-2, D-3

6.2

38

Match the following Set 1 A. Activity B. Event C. Crash-Time D. Critical Chain Set 2 1. A specific set or a single task required to be done to ensure the completion of the project 2. Represents the amount of time taken to complete an activity 3. The sequence of both precedence and resourcedependent terminal elements 4 .The result of completing one or more activity d. A-1, B-4, C-2, D-3 7.7

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a. A-3, B-4, C-1, D-2 b. A-2, B-3, C-4, D-1 c. A-4, B-3, C-1, D-2 d. A-1, B-4, C-2, D-3

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