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Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Plan Contracting?

Answer

I. Inputs



  • Procurement management plan

  • Contract statement of work

  • Make-or-buy decisions

  • Project management plan


                 - Risk register


                 - Risk related contractual agreements


                 - Resource requirements


                 - Project schedule


                 - Activity cost estimate


                 - Cost baseline


II. Tools and Techniques



  • Standard forms

  • Expert judgment


III. Outputs



  • Procurement documents

  • Evaluation criteria

  • Contract statement of work (updates)

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Subject: PMP Certification

Q:

Project Management Processes

What is the underlying concept for the interaction among the project management processes?

Answer

Plan-do-check-act cycle

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Subject: PMP Certification

Q:

Project Life Cycle - Characteristic of Project Phases

What is a deliverable?

Answer

A deliverable is a measurable, verifiable work product such as a specification, feasibility study report, detailed design document, or working prototype.

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Subject: PMP Certification

Q:

Lamarck's theory of inheritance of acquired characters was challenged by 

A) August Weismann B) Hugo de Vries
C) Herbert Spencer D) Carl Linnaeus
 
Answer & Explanation Answer: C) Herbert Spencer

Explanation:

August Weismann cut off the tails of mice for 21 successive generations and still they produced generation after generation of only tailed young ones. So he concluded that acquired characters are not inherited.

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Filed Under: Biology

Q:

Cell phone users have found that tariff plans are not as attractive as promoted by telecom companies and complained to regulatory authority about the same.

 

Courses of action:

I. The regulatory authority should direct telecom companies to be trasparent on the tariff structure of all plans

II. The government should restrict the number of telecom companies operating in the country.

A) If only course of action I follows B) If only course of action II follows
C) If either course of action I or II follows D) If both courses of action I and II follow
 
Answer & Explanation Answer: A) If only course of action I follows

Explanation:

Being " not as attractive as promoted " is a clear case of  hiding things. Hence " transparency " is the answer to the problem and I folloes. II goes against the spirit of free market and is not relevant to the problem either.

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Filed Under: Statement and Courses of Action

Q:

Water table in most parts of the State has gone down to such a level that its extraction for irrigation purposes is not economical any more.

 

Courses of action:

I. Extraction of ground water for any purpose in the State should be banned for some time in order to replenish the water table.

II. The Government should make provisions for alternative methods of irrigation so that the farmers are not compelled to use ground water.

A) If only course of action I follows B) If only course of action II follows
C) If either course of action I or II follows D) If both courses of action I and II follow
 
Answer & Explanation Answer: B) If only course of action II follows

Explanation:

I is impractical. Water is essential for life to go on. II is sensible, especially when using ground water is proving to be uneconomical

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Filed Under: Statement and Courses of Action

Q:

If the gifts are passed on, the whole purpose of the gift is defeated. Therefore, the gift should be one that is useful and at the same time it attracts you, appeals to you and you retain it.

Conclusions : 

I. If gifts are retained , their utility increases.

II. Gifts are not meant for repeated change of hands.

A) If only conclusion I follows B) If only conclusion II follows
C) If neither I nor II follows D) If both I and II follow
 
Answer & Explanation Answer: B) If only conclusion II follows

Explanation:

I is not hinted at. It is an invention of the concluder's mind. II follows  because if "the whole purpose of something is defeated", it loses its meaning.

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Filed Under: Statement and Conclusions

Q:

A : There is increase in water level of all the water tanks supplying drinking water to the city during the last fornight

B : Most of the trains were cancelled last week due to waterlogging on the tracks.

A) If statement (A) is the cause and statement (B) is its effect B) If statement (B) is the cause and statement (A) is its effect
C) If both the statements (A) and (B) are independent causes D) If both the statements (A) and (B) are effects of some common cause
 
Answer & Explanation Answer: C) If both the statements (A) and (B) are independent causes

Explanation:

Increase in water level of all water tanks and the problem of water -logging on the tracks are the result of increase of water availability or surplus of water (due to rain). Hence, both the events are effects of the same cause.

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Filed Under: Cause and Effect Reasoning