Which of the following is not considered as a risk in project management Mcq?
3. Which of the following is not considered as a risk in project management? Explanation: Testing is a part of project, thus it can’t be categorized as risk. Explanation: A proven methodical life cycle is necessary to repeatedly implement and manage projects successfully.
Which of the following is not a project manager activity?
Discussion Forum
| Que. | Which of the following is not a project manager’s activity? |
|---|---|
| b. | project management |
| c. | project planning |
| d. | project design |
| Answer:project design |
Which one of the following is not a phase of project management?
Which of the following is not a phase of project management? Explanation: There are three phases of project management. These are project planning, project scheduling and project controlling. Project management refers to a highly specialised job to achieve the objectives of a project.
What is CPM and PERT technique?
1. PERT is that technique of project management which is used to manage uncertain (i.e., time is not known) activities of any project. CPM is that technique of project management which is used to manage only certain (i.e., time is known) activities of any project.
What are the major differences between PERT and CPM?
PERT vs CPM
| Abbreviation | |
|---|---|
| PERT – Project Evaluation and Review Technique | CPM – Critical Path Method |
| Focus | |
| PERT – The main focus of PERT is to minimise the time required for completion of the project | CPM – The main focus of CPM is on a trade-off between cost and time, with a major emphasis on cost-cutting. |
| Orientation type | |
Is PERT and CPM the same?
PERT is a technique of planning and control of time. Unlike CPM, which is a method to control costs and time. While PERT is evolved as a research and development project, CPM evolved as a construction project. PERT deals with unpredictable activities, but CPM deals with predictable activities.
What is the full form of CPM?
The full form of CPM is the Cost per Mile. As the word Mille in Latin implies, is also called cost per thousand. CPM is a marketing word used to refer to the cost on one webpage of 1,000 commercial experiences.
What is CPM in accounting?
Corporate performance management (CPM) refers to software systems that increase efficiencies and data accuracy in finance and accounting processes, enabling companies to measure and analyze their past performance to make better business decisions that maximize future performance—both in bottom line financials and …
What is CPM medicine?
C.P.M. is an antihistamine that reduces the effects of natural chemical histamine in the body. Histamine can produce symptoms of sneezing, itching, watery eyes, and runny nose. C.P.M. is used to treat runny nose, sneezing, itching, and watery eyes caused by allergies, the common cold, or the flu. C.P.M.
What is CPM policy?
Contractors Plant and Machinery Insurance or CPM insurance is an all-risk insurance policy that provides coverage for the plant and machinery of a contractor for a specific worksite. Under this policy, the contracts get coverage against any unforeseen and sudden physical damage or loss to his/her plant and machinery.
What is contractor all risk policy?
Contractors All Risk (CAR) policy is a comprehensive insurance solution designed to covers a broad spectrum of risks to which a civil construction project is exposed to from arrival of construction material at site till the completion of project.
What is EEI policy?
EEI Policy protects the Owner, Lessor or Hirer (where responsible either legally or through a leasing agreement) of electronic equipments. EEI Policy is Suitable for all electronic equipments (some examples): Computer and allied peripherals. Auxilliary equipments like UPS, Voltage Stabilizer etc.
What is industrial all risk policy?
Industrial All Risks Insurance is a wider cover than traditional “Standard Fire and Special Peril Insurance policy”. It is an all risk policy covering a wide range of perils such as fire and allied perils, burglary, accidental damage, breakdown as well as business interruption.
What is mega risk policy?
These policies, known as mega policies, are the ones with a sum assured of more than 2,500 crore. “Mega-risk policies are mainly reinsurance-driven. Reinsurance rates across most lines of natural catastrophe have declined around the world on excess capacity and strong balance sheets of reinsurers.
What are all the risk covered in ear policy?
The Erection All Risk (EAR) policy offers coverage against any physical loss/damage caused due to construction work, installation of machinery, etc. Not only this, it will also take care of any damage caused to third-party properties (including bodily damage).
Which of the following is not covered in the industrial all risk policy?
This Policy does not cover: 1) Money cheques stamps bonds credit cards securities of any description jewellery precious stones precious metals bullion furs curiosities rare books or works of art unless specifically mentioned as insured by this policy.
What is standard fire and special perils policy?
Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.
What is covered under all risk insurance?
“All risks” refers to a type of insurance coverage that automatically covers any risk that the contract does not explicitly omit. For example, if an “all risk” homeowner’s policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage.
What is Property designation clause?
DESIGNATION OF PROPERTY CLAUSE: For the purpose of determining, where necessary, the item under which any property is insured, the insurers agree to accept the designation under which the property has been entered in the insured’s books.
What is impact damage?
Impact Damage Claims | Impact Damage is normally caused by a vehicle colliding with a boundary wall or an external wall of a property. It could also be caused by an object or objects fallen from a moving vehicle e.g. transported container or other goods, fallen trees and storm damage debris or animals.
What is kutcha construction?
“Kutcha Construction” means buildings having walls and/or roofs of wooden planks, thatched leaves, grass, bamboo, plastic, cloth, asphalt, canvass, tarpaulin or the like.
Which material fact should be disclosed under a standard fire insurance policy?
Examples of material facts requiring disclosure Fire insurance: The construction of the building, the nature of its use, fire detection and fire fighting equipment. Life Insurance: Age, previous medical history, occupation and smoking / drinking habits. 2.
What is fire insurance in simple words?
Fire insurance is a legal contract between an insurance company and the policyholder which guarantees that any loss or damages caused to the policyholder’s property in a fire will be paid by the insurance company. Fire insurance provides coverage against incidents of accidental fire, lightning, explosion, etc.
Why do insurers need material information?
The finding of a material misrepresentation or concealment in insurance has a significant effect upon both the insured and the insurer in the event of a dispute. The fact it would influence the decision of a prudent insurer in deciding as to whether or not to accept a risk is a material fact.
What is material non-disclosure?
Material non-disclosure is an issue that can easily jeopardise your insurance coverage. The word ‘material’ means ‘relevant’ or ‘pertinent’, so it’s about what is relevant to the insurance contract. Material facts are hidden everywhere when arranging insurance.
What is a material fact in insurance?
A material fact is anything that may influence the judgement of a prudent insurance underwriter in deciding whether to accept a risk and if so at what premium and terms. Using the insurance principle of ‘utmost good faith’ you should disclose all the material facts about your risk which you know or should know.