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THIRD SEMESTER EXAMINATION : JUNE 2013


MFC

PROJECT PLANNING : APPRAISAL AND CONTROL (AMF 303)


Time: 2 Hrs.

Max Marks. 70

Note:
1.
2.

All questions are compulsory. Each question carries 1 mark.


Select appropriate answer from option A, B, C and D given against each
question and mark same on the OMR Sheet.

1)
a.
b.
c.
d.

In Project formation stage, which is the most common source of conflict


Schedules
Technical
Labor
Personality

2)
a.
b.
c.
d.

MBO is
Management By Objects
Management By Objectives
Manage By Objectives
none of these

3) The planned outputs for these projects represent major departures from existing offerings
in terms of either the product or service or the process used to make and deliver it
a. Platform projects
b. Derivative projects
c. Breakthrough projects
d. R&D projects
4)
a.
b.
c.
d.

The projects are blue sky, visionary oriented


Platform projects
Derivative projects
Breakthrough projects
R&D projects

5)
a.
b.
c.
d.

A new technology than platform projects


Platform projects
Derivative projects
Breakthrough projects
R&D projects

6) Each time the output doubles, the worker hrs per unit _______ to a fixed percentage of
their previous value
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a.
b.
c.
d.

Decrease
Increase
constant
none of these

7) The person is in charge of product support, sub-contractors, data processing and general
mgmt support functions
a. Manufacturing Engineer
b. Project Controller
c. Project Engineer
d. Support Services Manager
8) Aggregating income and expenditures by project or program, often in addition to
aggregation by organizational unit or activity
a. Program Budgeting
b. Top- Down Budgeting
c. Bottom -Up Budgeting
d. none of these
9) Measuring the probability and consequences of risks and estimating the implications for
project objectives
a. Qualitative risk analysis
b. Quantitative risk analysis
c. Risk response planning
d. Risk Identification
10) GERT is
a. Graphical Ethics and Review Technique
b. Graphical Evaluation and Review Technique
c. Graphical Ethics and Reset Technique
d. none of these
11) A procedure that uses a distribution of input factors and probabilities and returns a range
of outcomes and their probabilities
a. Sensitivity analysis
b. Risk analysis
c. Portfolio analysis
d. none of these
12) The project with well defined set of desired results
a. Purpose
b. Life cycle
c. Interdependency
d. Strategy

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13) Which one is not a numeric project selection method


a. Discounted cash flow
b. Average rate of return
c. Comparative Benefit
d. none of these
14) If the project is similar to past projects, the costs from past projects can be used as a
starting point for a new project. This is
a. Parametric method
b. Template Method
c. Estimating method
d. Support method
15) The set of documents submitted for the evaluation of a project is
a. Project preparation
b. Project Selection
c. Project proposal
d. Project at interest
16) Individuals or groups with a special interest in the project, usually the project team,
client, senior management and specific public interest groups
a. Program
b. Parties at interest
c. Public at interest
d. Project at interest
17) An eight step procedure for selecting, implementing and reviewing projects that will help
an organization achieve its strategic goals
a. Project Preparation
b. Program Portfolio Analysis
c. Project Portfolio Analysis
d. none of these
18) The element of the project that requires time
a. Support
b. Template
c. Activity
d. Scheduling
19) The projects with objectives or deliverables that is only incrementally different in both
product and process from existing offerings.
a. Platform projects
b. Derivative projects
c. Breakthrough projects
d. R&D projects

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20) A sub element of a task that needs to be accomplished in order to achieve the objectives
of the task
a. Work package
b. Task package
c. Activity
d. Scheduling
21) Systems Integration is also known as
a. Concurrent engineering
b. Compliance engineering
c. Critical Engineering
d. none of these
22) The result of completing one or more activities
a. Method
b. Event
c. Project
d. Contract
23) Deciding how to approach and plan the risk management activities for a project
a. Risk management planning
b. Risk response planning
c. Risk Identification
d. none of these
24) The series of connected activities between any two events in a network
a. Method
b. Project
c. Path
d. Critical
25) A detailed, scheduled plan of the required steps in the implementation process
a. Project plan
b. Project action plan
c. Projectory plan
d. none of these
26) The line connecting two nodes is
a. Activity
b. Arc
c. Path
d. Critical
27) Energy requirements is a
a. Production factors
b. Marketing factors
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c. Financial factors
d. Personnel factors
28) The strategy is based on collecting the judgments and experiences of top and middle
managers and available past data concerning similar activities
a. Top- Down Budgeting
b. Bottom -Up Budgeting
c. Middle- Bottom Budgeting
d. Middle- Up Budgeting
29) A social phenomenon, inappropriately intense loyalty to projects is
a. Projectitis
b. Projectionality
c. Projential
d. Potential
30) The intricate process of coordinating the work and timing of the different groups is
a. Coordination management
b. Integration management
c. Systematic management
d. none of these
31) An intersection of two or more lines or arrows, commonly used for depicting an event or
activity
a. Project
b. Path
c. Node
d. Critical
32) The Project life cycle does not include which stage
a) Defining stage
b) Planning stage
c) Executing stage
d) maturity stage
33) Time until break even is a factor to be considered in
a) Production factors
b) Marketing factors
c) Financial factors
d) Personnel factors
34) The process of evaluating individual projects or groups of projects and then choosing to
implement some set of them so that the objectives of the parent organization will be
achieved?
a) Project preparation
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b) Project Selection
c) Project Evaluation
d) Project Implementation
35) Two project selection models are
a) basket and compliance
b) numeric and non numeric
c) operational and strategic
d) none of these
36) IRR is
a) Internal Rate of Return
b) Internal Ratio of Return
c) Inside Rate of return
d) Inside Ratio of Return
37) Organizations do not have
a) Basket projects
b) Compliance projects
c) Operational projects
d) Strategic projects
38) PERT is
a. Program Evaluation and Review Technique
b. Project Evaluation and Review Technique
c. Program Evaluation and Revert Technique
d. Project Evaluation and Risk Technique
39) A temporary endeavor undertaken to create a unique product or service is
a. Planning
b. Life cycle
c. Technology
d. Project
40) The most important project resource is
a. Infrastructure
b. People
c. Technology
d. Life Cycle
41) The person who is in charge of product design and development and is responsible for
functional analysis, specifications, drawings etc.
a. Field Manager
b. Manufacturing Engineer
c. Project Controller
d. Project Engineer
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42) A manner of illustrating multiple, time based activities on a horizontal time scale
a. Gantt Chart
b. CPM
c. PERT
d. GERT
43) Linear responsibility chart is also known as
a. Responsibility error
b. Responsibility matrix
c. Responsibility mix
d. None of these
44) The amount of individual resources an existing schedule requires during specific time
periods
a. Resource error
b. Resource Engineer
c. Resource Loading
d. None of these
45) The person is typically responsible for a number of related projects, each with its own
project manager
a. Project Controller
b. Project Engineer
c. Program Manager
d. Program Engineer
46) The time past a project's due date or delivery date when the project is completed
a. Schedule Network
b. Schedule Slippage
c. Schedule Error
d. None of these
47) The arrangement of all activities in a project arrayed in their logical sequence and
represented by arcs and nodes
a. Method
b. Projects
c. Network
d. Contract
48) Excessive fascination or activity with the computer rather than the project itself such that
the project suffers
a. Computer attack
b. Computer paralysis
c. Computer savvy
d. None of these

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49) The person responsible for the installation, testing and support of the product once it is
delivered to the customer
a. Field Manager
b. Manufacturing Engineer
c. Project Controller
d. Project Engineer
50) LMP is
a. Last Minute Panic
b. Last Minute Project
c. Last Minute Purchase
d. None of these
51) The act of reducing the difference between plan and reality
a. Method
b. Control
c. Project
d. Program
52) A pictorial representation of a product that shows how the elements required to build a
product fit together
a. Cross chart
b. Gozinto Chart
c. Maslow Chart
d. Risk chart
53) The conversion of a project action plan into an operating timetable is
a. Program
b. Schedule
c. Project
d. Contract
54) The percentage of the previous worker hours per unit required for doubling the output
a. Learning Curve
b. Learning Rate
c. Learning Chart
d. Risk chart
55) Availability of required labor skills is a
a. Production factors
b. Marketing factors
c. Financial factors
d. Personnel factors

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56) The method of transforming contractual relationships into a cohesive, cooperative project
team with a single set of goals and established procedures for resolving disputes in a
timely and effective manner
a. Partnering
b. Chartering
c. Change
d. None of these

57) Determining which risks might affect the project and documenting their characteristics
a. Quantitative risk analysis
b. Risk Identification
c. Qualitative risk analysis
d. Risk response planning
58) The process through which two or more parties seek an acceptable rate of exchange for
items they own or control
a. Argument
b. Negotiation
c. Acceptance
d. Contract
59) In this method, elemental tasks, their schedules and their individual budgets are
constructed again following the WBS
a. Top- Down Budgeting
b. Bottom -Up Budgeting
c. Middle- Bottom Budgeting
d. Middle- Up Budgeting
60) CPM is
a. Centric Path Method
b. Compliance Path Method
c. Critical Path Method
d. none of these
61) If the project is suggested by a senior and powerful official in the organization, then it is
known as
a. The competitive necessity
b. Product line extension
c. The Sacred Cow
d. Benefit model
62) The process of carving away the unwanted reality from the bones of a problem is
a. molding the problem
b. modeling the problem
c. medding the problem
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d. none of these
63) WBS is
a. Work Breakdown Structure
b. Work Breaking System
c. Weight Breakdown structure
d. Weight Breaking Structure
64) An alternative for action if the expected results fails to materialize
a. project plan
b. Compliance projects
c. contingency plan
d. none of these
65) Impact on current suppliers is a
a. Production factors
b. Marketing factors
c. Financial factors
d. Personnel factors
66) The systematic process of identifying, analyzing and responding to project risk is
a. Project management
b. Risk management
c. Identification
d. none of these
67) PPP is
a. Program Portfolio Analysis
b. Program Portfolio Accounting
c. Project Portfolio Analysis
d. Project Portfolio Accounting
68) The means , techniques, and concepts used to run a project and achieve its objectives is
a. Program management
b. Purpose management
c. Project management
d. Public management
69) Which one is not a non numeric project selection method
a. The sacred cow
b. The competitive necessity
c. Product line extension
d. Discounted cash flow
70) Spin offs project possibilities is a
a. Production factors

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b. Marketing factors
c. Financial factors
d. Personnel factors

AMF 303