IIBM Institute of Business Management
Examination Paper: Project Management
1
IIBM Institute of Business Management
IIBM Institute of Business Management
Examination Paper MM.100
Project Management
1. During _________formal tools and techniques were developed to help and manage large
complex projects.
a. 1950s
b. 1980s
c. 1920s
d. 1990s
2. PERT stands for:
a. Program Evaluation and Reverse Technique
b. Progress Evaluation and Review Technique
c. Program Evaluation and Review Technique
d. None of the above
3. The most basic model of any Operating System is:
a. Project Model
b. Input-output model
c. Output-input model
d. None of the above
............
8. The project duration with the normal activity time is ____days.
a. 11
b. 16
c. 17
d. 21
9. The nature of the work organization is important as it:
a. Defines responsibility and authority
b. Outlines reporting arrangements
c. Determines the management overhead
d. All of the above
10. Matrix Management was invented by
a. Mullins
b. Belbin
c. Drucker
d. Frederick Taylor
Part Two:
1. Define ‘Cost Estimating Techniques’.
2. Write a note on ‘Critical Path Analysis’.
3. Differentiate between General Management and Project Management.
4. What is ‘Team Life Cycle’?
Caselet 1
It’s a Risky Business
Four friends wanted to start a business. After much discussion, they had hit upon the idea of launch a
mail-order toys and games business. They were in the development stage of their business plan and
wanted to be sure that they had been through with their planning. To reinforce this, they had just received
a letter from a group of venture capitalists, agreeing to fund the start up. It concluded its review of their
plan by stating:
.............The initials of the ‘owners’ of that risk in the last column
show who has agreed to monitor that set of events and ensure that the mitigation is put into place before
the project suffers from that event occurring.
Questions:
1. What further methods could have been used to generate ideas for the identification part of the risk
process?
2. What should happen as the project progresses to manage risk?
Examination Paper: Project Management
4
IIBM Institute of Business Management
Caselet 2
Fast-track Product Redevelopment at Instron
Background
Instron designs and manufactures machines for testing the properties of all types of material. One
particular plastic testing instrument has been selling around 250 units per year worldwide. In 1992 at the
height of the recession, with margins being squeezed and sales volume dropping, Instron decided to
redesign the instrument to reduce its cost and make it easier to manufacture.
The Project
............
is also clear is that the product was subject to technical change in only one area- the materials used. The
other benefits have all been due to the approach tat the firm’s management has taken to its new product
development (NPD) Process. The firm felt that the project has been a success and that this method of
working would become an institutionalized methodology.
Questions:
1. Identify the steps the firm took in this project. How did this contribute to the success?
2. How might the main adverse effects be identified?
1. What is the role of strategy in Project Management?
2. Identify the different roles that cost, price and profit can play in determining project costs.
Examination Paper: Project Management
1
IIBM Institute of Business Management
IIBM Institute of Business Management
Examination Paper MM.100
Project Management
1. During _________formal tools and techniques were developed to help and manage large
complex projects.
a. 1950s
b. 1980s
c. 1920s
d. 1990s
2. PERT stands for:
a. Program Evaluation and Reverse Technique
b. Progress Evaluation and Review Technique
c. Program Evaluation and Review Technique
d. None of the above
3. The most basic model of any Operating System is:
a. Project Model
b. Input-output model
c. Output-input model
d. None of the above
............
8. The project duration with the normal activity time is ____days.
a. 11
b. 16
c. 17
d. 21
9. The nature of the work organization is important as it:
a. Defines responsibility and authority
b. Outlines reporting arrangements
c. Determines the management overhead
d. All of the above
10. Matrix Management was invented by
a. Mullins
b. Belbin
c. Drucker
d. Frederick Taylor
Part Two:
1. Define ‘Cost Estimating Techniques’.
2. Write a note on ‘Critical Path Analysis’.
3. Differentiate between General Management and Project Management.
4. What is ‘Team Life Cycle’?
Caselet 1
It’s a Risky Business
Four friends wanted to start a business. After much discussion, they had hit upon the idea of launch a
mail-order toys and games business. They were in the development stage of their business plan and
wanted to be sure that they had been through with their planning. To reinforce this, they had just received
a letter from a group of venture capitalists, agreeing to fund the start up. It concluded its review of their
plan by stating:
.............The initials of the ‘owners’ of that risk in the last column
show who has agreed to monitor that set of events and ensure that the mitigation is put into place before
the project suffers from that event occurring.
Questions:
1. What further methods could have been used to generate ideas for the identification part of the risk
process?
2. What should happen as the project progresses to manage risk?
Examination Paper: Project Management
4
IIBM Institute of Business Management
Caselet 2
Fast-track Product Redevelopment at Instron
Background
Instron designs and manufactures machines for testing the properties of all types of material. One
particular plastic testing instrument has been selling around 250 units per year worldwide. In 1992 at the
height of the recession, with margins being squeezed and sales volume dropping, Instron decided to
redesign the instrument to reduce its cost and make it easier to manufacture.
The Project
............
is also clear is that the product was subject to technical change in only one area- the materials used. The
other benefits have all been due to the approach tat the firm’s management has taken to its new product
development (NPD) Process. The firm felt that the project has been a success and that this method of
working would become an institutionalized methodology.
Questions:
1. Identify the steps the firm took in this project. How did this contribute to the success?
2. How might the main adverse effects be identified?
1. What is the role of strategy in Project Management?
2. Identify the different roles that cost, price and profit can play in determining project costs.
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