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Industrial Engineering Project Management - IEPM-503

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Industrial Engineering Project Management - IEPM-503

Institution
Industrial Engineering
Course
Industrial engineering











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Institution
Industrial engineering
Course
Industrial engineering

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Uploaded on
March 13, 2025
Number of pages
40
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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1. What is the primary objective of project management?

A. Maximizing profits

B. Delivering the project within scope, time, and cost

C. Minimizing resource use

D. Increasing customer satisfaction




Answer: B) Delivering the project within scope, time, and cost

Rationale: The primary goal of project management is to deliver

the project successfully, ensuring it meets its objectives within the

defined scope, time, and cost constraints.




2. Which of the following is not a phase of the project life cycle?

A. Initiation

B. Planning

,C. Execution

D. Financing




Answer: D) Financing

Rationale: The phases of the project life cycle are initiation,

planning, execution, monitoring and controlling, and closing.

Financing is not a phase but a supporting element.




3. Which tool is commonly used for scheduling and tracking

project progress?

A. Fishbone diagram

B. Gantt chart

C. Pareto chart

D. PERT chart




Answer: B) Gantt chart

,Rationale: Gantt charts are used to represent project schedules

and help in tracking project progress against the planned timeline.




4. What does PERT stand for?

A. Project Evaluation Review Technique

B. Process Evaluation and Review Technique

C. Program Evaluation and Review Technique

D. Product Evaluation Review Technique




Answer: C) Program Evaluation and Review Technique

Rationale: PERT is a project management tool used to analyze

and represent the tasks involved in completing a project.




5. Which of the following is an example of a project constraint?

A. Budget

B. Human resource skills

, C. Equipment

D. All of the above




Answer: D) All of the above

Rationale: A project constraint can be budget, resources (human

and material), time, or scope, all of which can limit or influence

the success of a project.




6. In project management, which of the following defines the work

required to complete the project?

A. Work Breakdown Structure (WBS)

B. Critical Path Method (CPM)

C. Earned Value Management (EVM)

D. Risk Management Plan




Answer: A) Work Breakdown Structure (WBS)
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