Assignment -3

1. Project cycle is a collection of generally sequential project phases whose

description and order of occurrence are determined by the control needs of the
organisation or organisations involved in the project. (True/False)

2. Project management is the job of organising, coordinating, and controlling the

various tasks and resources in order to successfully complete a project. (True/False)

3. To maximize returns in the current cut-throat competitive environment, it is vital to

manage the ____ effectively.

4. ____ helps an organisation to prevent failures in projects.

5. Project Human Resource Management ensures that the most appropriate

manpower with necessary skills is deployed for effective execution of the desired
project. (True/False)

6. Project Integration Management ensures that various elements of a project are

properly integrated and coordinated for smooth flow of information and resources.
(True/False)

7. A ____ of activities that are used to achieve the project’s goals or objectives is
known as the project life cycle.

8. In the ____ phase of the project life cycle the work gains momentum.

9. Project management provides the project managers and team members with the
principles they require to effectively meet the needs of the customer. (True/False)
10. Scope, cost, and schedule are some of the parameters used for project
negotiation. (True/False)

11. Five dimensions that must be managed on a project are ____, ____, cost, ____, and
staff.

12. ____ of a project should be clearly defined, measurable, and achievable.

13. ____ is a continuous and repetitive process involving screening, documentation,

validation, ranking and approval of viable project ideas for an organization.

14. ____ study focuses on answering the essential questions such as; should we
proceed with the proposed project idea? What are the benefits and drawbacks of the
proposed project idea?

15. The function of project initiation is to describe all the parameters of a project and
establish the suitable project management and excellence environment necessary to
complete the project. (True/False)

16. ____ should be made of all cost factors so as to reflect on all relevant investment
and operational costs of the project including contingencies.

17. Feasibility analysis is the first stage in the process of project development.
(True/False)

18. The purpose of the analysis is to examine the desirability of investing in pre-
investment studies. (True/False)

19. The technical feasibility aspect of a project relates to the earning capacity of the
project. (True/False)

20. ____ is a financial term to describe a business or project where the sales revenue is
equal to total expenses.
21. If the break-even point lies ____ anticipated demand, implying a loss on the
product, and then the product may be discontinued or, may receive additional
advertising and/or be re-priced to increase demand.

22. In the ____ stage, of project identification the project ideas generated above are
screened and a preliminary exercise is conducted to weed out the bad or unviable
ideas.

23. Good plans always do not allow for flexibility to adapt to changing circumstances.
(True/False)

24. The planning and scoping should be such that the project manager can assess
every stage of the project and the quality of the deliverable of the project at every
stage.(True/False)

25. The ____ then submits the proposal to get it investigated on its viability,
evaluation and selection

26. The project team documents its charge in the form of a ____, which is based on
the project proposal and business case.

27. ____ builds on the work done in project initiation through the development of a
project plan.

28. ____ is where most of the resources are applied/expended on the project.

29. The ____ of project closeout the assessment is to document the best practices and
lessons learned for use on future projects.

30. The players in project management are the individuals and the organisations.
(True/False)