Project Management MCQ Quiz in मल्याळम - Objective Question with Answer for Project Management - സൗജന്യ PDF ഡൗൺലോഡ് ചെയ്യുക

Explanation:

Integrated Measurement: EVM integrates cost, schedule, and scope measurements to provide a comprehensive view of project performance.

Performance Tracking: Allows for early detection of performance issues, enabling timely corrective actions.

Predictive Tool: Helps predict project trends based on current performance, aiding in better decision-making and adjustments.

Explanation:

Project Duration: The critical path is the longest stretch of dependent tasks and defines the project duration.

Task Dependency: Changes to task duration on the critical path affect the overall project timeline.

Scheduling: Managing the critical path is crucial for on-time project delivery.

Explanation:

Authorization: The charter provides formal approval to start a project.

Key Information: Includes project purpose, objectives, and the roles and responsibilities of participants.

Foundation Document: Critical for defining the project scope and securing necessary resources.

Explanation:

Scheduling Tool: Provides a visual representation of the project timeline.

Monitor Progress: Allows for tracking of task start, duration, and completion.

Resource Allocation: Helps in managing resources effectively by displaying task assignments.

Explanation:

Framework and Standardization: Offers standardized guidelines and practices.

Wide Application: Serves as a fundamental resource for project managers worldwide.

Organizational Impact: Helps organizations streamline project management practices.

Explanation:

Management: 

• Management is a set of principles relating to the set of functions of planning, organizing, directing, and controlling, and the application of these principles in harnessing physical, financial, human, and informational resources efficiently and effectively to achieve organizational goals. 

Functions of Management

1. Planning: It is a function of determining in advance what is to be done and what is to do it. It is the first and most important function of management.
2. Organizing: It is the management function of assigning duties, grouping tasks, establishing authority, and allocating resources required to carry out a specific plan
3. Staffing: It is a function to make sure the right people with the right qualification are available at the right place and time to accomplish the goals of the organization.
4. Directing: It involves leading, influencing, and motivating employees to perform the tasks assigned to them.
5. Controlling:  It is a function of monitoring organizational performance towards the attainment of organizational goals.

Site Management:

• It is a professional service that provides a project’s owner with effective management of the project's schedule, cost, quality, safety, scope, and function.
• Site management is compatible with all project delivery methods.
• It is undertaken as the last phase of the remedial program at a site which continues after a certificate of completion is issued.
• For any site management Implementing safety rules is a prime responsibility.
   

Other responsibilities of Site Management:

• Plan and Develop the Project Idea
• Create and Lead Team
• Monitor Project Progress and Set Deadlines
• Solve Issues
• Manage finance
• Ensure Stakeholder Satisfaction
• Evaluate Project Performance

Explanation:

• ESI Scheme of India is a multidimensional social security system tailored to provide socio-economic protection to the working population and their dependents covered under the scheme.
• The ESI Act 1948, encompasses certain health-related eventualities that the workers are generally exposed to; such as sickness, maternity, temporary or permanent disablement, Occupational disease, or death due to employment injury, resulting in loss of wages or earning capacity-total or partial.
• All factories and other establishments with 10 or more persons employed and a person whose monthly wage does not exceed Rs 21,000 are eligible to come under this act.

Important Points

• Employees' State Insurance (abbreviated as ESI) is a self-financing social security and health insurance scheme for Indian workers. The fund is managed by the Employees' State Insurance Corporation (ESIC) according to rules and regulations stipulated in the ESI Act 1948. ESIC is a Statutory and an Autonomous Body under the Ministry of Labour and Employment, Government of India.​

Concept:

Micromotion study:

• It is used for graphical presentation of many repetitive operations of short cycles like component assembly, packaging, inspection, separation of mixed jobs, which involve quick movements of the hand.
• In certain types of operations like pick and place objects, a detailed study of suck operations can be carried out.
• “SIMO” stands for Simultaneous-Motion Cycle Chart.
• It is one of the micromotion studies devised by Gilbreth and it presents graphically the separable steps of each pertinent limb of the operator under study.
• It is an extremely detailed left and right-hand operation chart.
• SIMO chart records simultaneously the different therbligs performed by different parts of the body of one more operator on a common time scale.

Additional Information

Method study:

• It is the process of subjecting work to systematic, critical scrutiny to make it more effective and/or more efficient. It is one of the keys to achieving productivity improvement.
• It was originally designed for the analysis and improvement of repetitive manual work but it can be used for all types of activity at all levels of an organisation

Process Analysis:

• Process analysis is the action of conducting a review and gaining an understanding of business processes.
• It involves reviewing the components of a process, including inputs, outputs, procedures, controls, actors, applications, data, technologies and their interactions to produce results. 
• The analysis includes the evaluation of time, cost, capacity and quality of processes, being able to use static or dynamic visual models of the process, data collection from the beginning to the end of activities, analysis of value chain, end-to-end modeling and functional decomposition. 

Layout Analysis:

• Document Layout Analysis is performed to determine physical structure of a document, that is, to determine document components.
• These document components can consist of single connected components-regions [...] of pixels that are adjacent to form single regions [...] , or group of text lines.
• A text line is a group of characters, symbols, and words that are adjacent, “relatively close” to each other and through which a straight line can be drawn (usually with horizontal or vertical orientation).

Explanation:

• Inventory control with optimum stock level to minimize annual cost by controlling inventory.
• The purpose of inventory management is to ensure availability of materials in sufficient quantity as when required and also to minimize investment in inventories.
• EOQ is the order size at which the sum of carrying cost and ordering cost is minimum.