Projects are executed to start a new business objective and . The critical path is the series of activities that determine the earliest time by which a project can be completed. Quality Assurance II. High throughout the project VIII. _____ helps to observe the execution of a process. Many different professions contribute to the theory and practice of project management. Reliable. Leadership III. Exams and Quiz Solutions. ISO's management system standards (MSS) are among the most widely used and recognized documents that we publish. A standards organization, standards body, standards development organization (SDO) or standards setting organization is focused on developing, coordinating, promulgating, revising, amending, reissuing, interpreting, or otherwise producing standards that are intended to address the needs of some relatively wide base of affected adopters. for your classes. Project management is becoming a standard way of doing business B. This is best done with project management software that can organize and share the plan with the project team. Organizational structure is a system that consists of explicit and implicit institutional rules and policies designed to outline how various work roles and responsibilities are delegated . ISO management standards and the concept of a harmonized structure. And if you monitor each, you can systematize them and understand where there's room for improvement. It is a charting system that illustrates the given task's goal and the required action for each person. Let's see how well you manage to score on this quiz, and you will also have a great learning experience here. Project management is increasingly contributing to achieving organizational strategies. Use the goals or project objectives you've already created as a team or organization in order to guide your selection of a project methodology. Project/Program/Portfolio centric VI. Six Characteristics of a Project. Types of Groups. 3) Segmentation creates boundaries among divisions and may lead to poor inter-unit coordination. _____ is used to break complex workflow . See correct answer (a). So, project managers and his or her team need to allow flexibility and quick responses. The project life cycle passes sequentially through four stages: defining, planning, executing and closing. Highlight. Non-Numeric Project Selection Models. The project plan is the strategy that will be used to produce the project's products, services, or results. A core definition of total quality management (TQM) describes a management approach to long-term success through customer satisfaction. In some instances the organization or the area of specialization of the project (health, water or education) may have Mutual trust forms in the partnering approach where suspicion and distrust are prominent in the traditional approach. 2. Which of the following is not project management goal? Project management (the acronym "PM") provides the framework of planning, doing and delivering projects of any kind, size, nature and type. Engineers and architects have been managing major projects since pre-history. The reluctance of managers or change champions to be fully committed to the change management process. slowstep. Municipality should shall have to formulate periodical and annual development plans for the development. Among other activities, ISO's Central Secretariat in Geneva, Switzerland, coordinates the organization and development of International Standards. It typically has a defined start and a defined end-point. Clearly, your methods should be a means to achieve your goalsthe best method is the one that guides you towards your strategic objectives most directly with the greatest gains and least negative . The project life cycle defines the deliverables that each phase will create C. The project life cycle defines who is involved in each phase D. Policies that control the movement of goods through the factory or factoriesprocess design, work-force policies and practices, production scheduling, quality control, logistics policies . A. C. The Product Line Extension. A. Identifying B. 3. Some differences are as follows: Projects are unique and temporary, while operations are ongoing and permanent with a repetitive output. Contents 1 Types 1.1 Pre-bureaucratic structures 1.2 Bureaucratic structures 1.3 Post-bureaucratic 1.4 Functional structure 1.5 Divisional structure 1.6 Matrix structure 1.7 Organizational circle 1.8 Team 1.9 Network Project management is increasingly contributing to achieving organizational strategies C. Project management is being used at a consistent percentage of a firm's efforts D. Both A and B are true E. A, B, and C are all true 14. Figure 1: OPM framework showing the linkage between strategy and execution. 5. 2) The autonomous nature often results in the duplication of functions and resources. Construction planning is a fundamental and challenging activity in the management and execution of construction projects. In a TQM effort, all members of an organization participate in improving processes, products, services, and the culture in which they work. ans. Venngage.com. Quality Glossary Definition: Total quality management. A quality management plan is the first step to defining and codifying the steps necessary to achieve the quality expectations of the project. with all of the following except: a. Organization's goals. associations of individuals practicing, or being closely associated with the practice of, specific professional skills or sets of closely related skills; and. Projects should align with the organization's overall strategy in order to Complete the project safely. a. the barista at Starbucks b. the Starbucks district manager c. the President and CEO of Starbucks d. customers. c) techniques an organization uses to minimize the quality of its products and services. Your directory structure could be organized like this: /project name 1 /project name 1/wip /project name 1/brainstorming /project name 1/output /project name 2 /project name 3 /archive; Save Time Searching by Using Sub-Folders. Its main reason is to create an environment that fosters interactions among the team members with a minimum amount of disruptions, overlaps and conflict. Determine the distinction between groups, social networks, and formal organizations. b. Oil Exporting Countries' Development. Incorrect. Project management responsibilities are to look over the team, manage client expectations, build a project plan, manage the delivery of outcomes, schedule tasks, and delegate assignments. E: All of the service operation processes are covered by the syllabus. Projects have a fixed budget, while operations have to earn a profit to run the business. A. A project can typically be more of a once-off endeavor, rather . ans. High throughout the project VIII. e) processes an organization uses to maintain its established quality standards. Which among the following is a organised project standard? project manager and the team must identify what quality standards will be used in the project, it will look at what the donor, beneficiaries, the organization and other key stakeholders to come up with a good definition of quality. Correct. d) efforts of an organization to replace quality with productivity. Project management is far from a standard way of doing business Project management is increasingly contributing to achieving organizational strategies Project management is being used at a consistent percentage of a firm's efforts Project management is a specialty that few organizations have access to All of these statements are false The Competitive Necessity. 5. . Project management is the discipline of planning, executing and completing projects. There are four types of organizational structures, each of which has their own unique set of influences on the management of the organization's projects: Functional Project Matrix Composite Functional Most organizations are divided along functional lines, that is, each "division" is organized by work type, such as engineering, production, or sales. Management may be described as the the people who design an organization 's structure and determine how different aspects of the organization will interact. Mandatory, Discretionary, External, & Internal. It is written in sufficient detail to communicate to executives and stakeholders how the project will be managed and performed. E. A, B, and C are all true. Q.3 Which among the following has finite states in its execution? Secondly, the structure also helps in ensuring smooth and efficient functioning. State Diagram and flow Chart B. Flowchart C. Sequence D. State . They include standards such as ISO 9001, ISO 14001 and ISO 50001, which apply to quality management, environmental management and energy management respectively. Which of the following is among the widely accepted project team success factors? Executions Debugging -- c. Exceptions. It provides the arrangement for decisions on how to realize a project. 1.2M people helped. Groups and Networks. Project managers need to be willing to take risks and deal with changes to cope with the international complex environment. Sandeep Kashyap is the Founder and CEO of ProofHub a leading project management and collaboration software. Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any process -- from manufacturing to transactional and from product to service. 2. A project organization is a structure that facilitates the coordination and implementation of project activities. Failure to successfully implement each step of the change management process leads to the following setbacks: A decline in productivity output. coding standards should be easy to understand should be agreed upon across project teams spanning globally 10. The project is temporary in nature. You typically draft a project description early on, during the project initiation phase of the . Non - Numeric project selection models have further 6 types, which we need to discuss in detail. Recognize in-groups and out-groups as subtypes of primary and secondary groups. b. Process Centric. Which of the following is NOT one of the stages of a project life cycle? Enter -- c. 6. Question 1 Which is the best measure of risk for an asset held in isolation, and which is the best measure for an asset held in a diversified portfolio?Variance; correlation coefficient.Standard deviation; correlation coefficient.Beta; variance.Coefficient of variation; beta.Beta; betaQuestion 2 Which of the following statements about pension plans if any, is incorrect?A defined contribution . B. Which of the following is an example of an external stakeholder of an organization? All of the following are true statements about the project life cycle, except for which one? 6.1. It involves the choice of technology, the definition of work tasks, the estimation of the required resources and durations for individual tasks, and the identification of any interactions . Secure funding. heart outlined. Today, most project management professionals use project management software to plan, execute and control projects. The process is as follows: Select three or four scoring criteria (e.g., benefits, size, risk, impact, margin, cost, feasibility) Assign ranges to the criteria to rank the projects (e.g., 0-5 or 0-10) Assign weights to each category (e.g., Risk may be a more significant deciding factor than impact) Test out the model with different business . 6. Q.23 Which among the following is a organised project standard? The project organization is then presented to the project stakeholders. c. Organization for Environmental Cooperative Department. Engineers and architects have been managing major projects since pre-history. Maintainable. Email us at ewood6449@gmail.com if you need help with your Quizzes, Exams, Writing Assignments, Homework Problems, Discussions, Term Papers etc. Project organization is a process. b) inspections conducted by the government when a product's quality is above the required standard. At the same time, they need to maintain cohesion among the multicultural stakeholders with a common project methodology. The Operating Necessity. This is a trivia quiz, so the questions are not going to be that tough for you if you have decent knowledge about the subject. Change management and service level management. Projects raising living standard. It simply states who works for who. Hence, con-sulting engagement objectives must be consis-tent with the organization's values, strategies, and objectives. improves the organization's performance improves the system's performance 9.what guidelines should be followed for creating the accenture coding standards? 6. A project description is a high-level overview of why you're doing a project. We will help you get A grade for your classes. Think of it as the elevator pitch that focuses on what and why without delving into how. Ans : All the . A champion. Some authors do not distinguish between project dependencies and activity relationships, which is incorrect. The project will have a unique set of requirements that need to be delivered within the boundaries of this project. Loss of motivation among team members to give their best inputs. Different levels of management will participate in different components of this . It brings members of the organization together and demarcates functions between them. The Project Management Body of Knowledge is a set of standard terminology .. Project Resource Management : the processes that organize, manage, and lead the project team. In a functional organization, the project manager has little or no authority. 6.2. A: 1. In weak matrices, the project manager role is more that of a coordinator or expediter than that of a manager. Project management is becoming a standard way of doing business. Comparative Benefit Model. Project management is increasingly contributing to achieving organizational strategies C. Project management is being used at a consistent percentage of a firm's efforts D. Both A and B are true E. A, B, and C are all true 14. MCQ ON PROJECT MANAGEMENT 1. Source: Adapted from The Standard for Portfolio Management, Figure 1-3, p. 8. Schedule. C. Risk is shared jointly among partners in a partnering approach but is transferred to the . The correct answer is A, S is a process and a function, D is a function and a process, F are processes in service transition and service design. Genius. Reduce waste of scarce resources. 1. A. Quality Assurance II. ACC 563 Quizzes and Exams - Perfect Score Guaranteed . 3) Segmentation creates boundaries among divisions and may lead to poor inter-unit coordination. PM framework focuses on the realization of desired change in line with a chosen methodological approach. The following statements refer to competence of CPA's in management advisory services except a. Management entails six basic functions: planning, organizing, staffing, leading, controlling, and motivating. a. monopolistic business from abroad. Framework for Project Management - Project Management - 2nd Edition. The organization is currently in need of funds to manage its working capital so Brown proposes to the school an arrangement, where if the guardians of the children recommend clients to RS Investment, Brown will pay a part of his service fee from the client to the organization. mitgliedd1 and 1 more users found this answer helpful. a. Main Body. d. Open Economies' Caucus on Development. Project management is a specialty that few organizations have access to. Priority is given to the plans based on: a. Which among the following is not a debug mode? Main Body. Project/Program/Portfolio centric VI. There are 4 project life cycle phases: initiation, planning, execution, and closure. Both A and B are true. (x2) a. effective communication including performance feedback b. emphasis on the quality of project deliverables, without regard to cost c. extreme risk taking strategies to maximize project gains d. use of coercion to resolve conflicts and problems We wish you good luck and enjoy your time while playing this quiz. It decides the project's process: planning how its costs, deadlines, personnel, and tools will be implemented. 8.which of the following are not optimization techniques? Project managers and the project team do not serve as members of the CCB. Access to each other's organization resources is available in the partnering approach but limited in the traditional approach. There are many differences between projects and operations. Understand primary and secondary groups as two key sociological groups. In other words, it reduces time, money and efforts. Customer involvement IV. America? The rule set down in this connection is "the higher the probability distribution of expected future return, the smaller the risk of a given project and the vice versa." To measure the rightness or dispersion of the probability distribution the most widely used . Once an organization has achieved standardized and measured processes, the tools available in process quality management and process excellence, such as Lean and Six Sigma, can be applied for ongoing improvement of OPM over time.