Searching for "methodology"

Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

One of the goals of management by objectives (MBO) is to ensure that objectives of one level within an organization are supportive of and aligned with the objectives of another level of the organization. This methodology has been popular within some organizations as they define their culture. Which of the following is not true about MBO?

A) It has a top-down orientation B) Corrective actions are not part of the process
C) You need to establish clear and achievable objectives D) MBO is a natural fit for Project Management
 
Answer & Explanation Answer: B) Corrective actions are not part of the process

Explanation:

Corrective actions are part of the process after establishing objectives and checking on the objectives. The next step is to take corrective actions. Answers A, C, D are true statements and therfore are incorrect for this question.

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Filed Under: PMP Certification

Q:

Management by projects views aspects of ongoing operations as projects in order to apply Project Management techniques to them. This can be used to describe an oranizational approach to the management of ongoing operations. Why would a company want to utilize this methodology on nonprojects?

A) To keep project managers employed B) To provide better estimates about durations
C) To allow the utilization of PM tools, such as earned value, to calculate ROI D) To specify the different phases within the operations
 
Answer & Explanation Answer: C) To allow the utilization of PM tools, such as earned value, to calculate ROI

Explanation:

Answer A is incorrect because project managers are not effectively utilized if they are always scheduling and coordinating resources for daily operations. Answer B is incorrect because project managers are not the best resource for providing estimates on daily operations and time allocations;people doing the actual work are the best resources. Answer D is incorrect because you do not specify different phases of ongoing operations.

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Filed Under: PMP Certification

Q:

Out of the 5 phases of the ASAP methodology, for which phase does the Solution Manager NOT provide any tasks (or taskgroups).

A. Evaluation phase

B. Final Preparation phase

C. Business Blueprint

D. Project preparation phase

Answer

Answer : B

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Q:

Identify the steps in the asap methodology

A. Realization Project preparation
B. Roll out
C. Go live & support
D. Final preparation.
E. Business blueprint

Answer

Answer : A , C , D , E

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