Mb0049
MOST IMPORTANT QUESTION BANK MB049
PROJECT MANAGEMENT
Note: The bold words are the blanks or set of blanks for MCQ
UNIT 1
1.A project is a set of activities which are networked in an order and aimed at achieving the defined goals for which the project is undertaken. Upon completion of all the activities, the goals of the project would have been achieved.
2.Management is the technique of understanding the problems and needs and controlling the use of resources, such as cost, time, manpower, and materials.
3.Project Management is an art of controlling the cost, time, manpower, and hardware and software resources involved in a project.
4.A project cycle basically consists of the various activities of operations, resources and the limitations imposed on them.
5 A process is part of the project which consists of simple and routine instructions to achieve a desired result of any activity of the project. A process is responsible to bring about the changes in the input fed to the process and to give out desired outputs as a result of the process.
6 Resource refers to manpower, machinery, money and materials required in the project.
7.Scope refers to the various parameters that affect the project in its planning, formulation and execution.
8 Project Cost is the budgeted expenditure of the project. 9 Project management is an art of controlling the cost, time, manpower, hardware and software resources involved in a project.
10 Need for Project Management
a) Preventing Project Failure: A project requires huge investments which should not go waste. A loss in any project would have direct or indirect impact on the society. Project management helps an organisation prevent failures in projects.
b) Controlling Project Scope: Scope of the project activity may undergo a change. Project management helps an organisation define and control project scope.
c) Improving understanding: Lack of understanding of the project among the participants leads to failure. Project
PROJECT MANAGEMENT
Note: The bold words are the blanks or set of blanks for MCQ
UNIT 1
1.A project is a set of activities which are networked in an order and aimed at achieving the defined goals for which the project is undertaken. Upon completion of all the activities, the goals of the project would have been achieved.
2.Management is the technique of understanding the problems and needs and controlling the use of resources, such as cost, time, manpower, and materials.
3.Project Management is an art of controlling the cost, time, manpower, and hardware and software resources involved in a project.
4.A project cycle basically consists of the various activities of operations, resources and the limitations imposed on them.
5 A process is part of the project which consists of simple and routine instructions to achieve a desired result of any activity of the project. A process is responsible to bring about the changes in the input fed to the process and to give out desired outputs as a result of the process.
6 Resource refers to manpower, machinery, money and materials required in the project.
7.Scope refers to the various parameters that affect the project in its planning, formulation and execution.
8 Project Cost is the budgeted expenditure of the project. 9 Project management is an art of controlling the cost, time, manpower, hardware and software resources involved in a project.
10 Need for Project Management
a) Preventing Project Failure: A project requires huge investments which should not go waste. A loss in any project would have direct or indirect impact on the society. Project management helps an organisation prevent failures in projects.
b) Controlling Project Scope: Scope of the project activity may undergo a change. Project management helps an organisation define and control project scope.
c) Improving understanding: Lack of understanding of the project among the participants leads to failure. Project