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College of Business Study Essay

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Below is an essay on "College of Business Study" from Anti Essays, your source for research papers, essays, and term paper examples.

College of Business Studies | |

Course: Project Management
Code: MBA-513
Term-2     Fall: 2012-13

Time: 5:00PM to 8:15 PM

PART A.   Multiple Choice Questions. 5 Marks

Instructions: Check the correct answer and justify it.

  1. The majority of the project budget is expended upon:
a. Project Plan development.
b. Project Execution.
c. Project termination.
d. Project communication.
e. All of the above.

B is the correct answer.

Most of the resources are involved in the project executing process, therefore most of a project's budget are expended on this process.

  2. What is the typical role of senior management on a project?
a. To support the project.
b. To pay for it.
c. Support the project and resolve resource and other conflicts.
d. All of the above.
e. None of the above.

E is the Correct answer.

The typical role of senior management on a project is Project coordinator and team Management:
It is the responsibility of the project manager to ensure that the project is managed and executed in the proper manner. In fact, the project manager is a team leader and the ‘boss’ of the team. Managing the team and managing the project has a lot of aspects and responsibilities attached to it, as it involved managing not only the team (directly or indirectly) but also the project’s assignments.
The project manager should ensure that every team member and their abilities are used to the optimum, so that the assignments are completed in an optimum way.
A team is made up of various individuals, who come from different walks of life. There are bound to be some differences between the team. As a project manager, it is the responsibility of the manager to ensure the smooth interactions between the project’s team members and that the differences do not have any effect on the quality of the project itself.

  3. Many projects are underfunded in the concept stage because:
a. The project goals are vague.
b. The project requirements...

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