A. optimum utilization of men, machines and materials
B. lowest possible cost and shortest possible time for project
C. timely execution of project
D. to produce best results under given constraints
E. realistic execution time, minimum cost and maximum profits
Related Mcqs:
- The mathematical technique for finding the best use of limited resources in an optimum manner is known as___________________?
A. operation research
B. linear programming
C. network analysis
D. queuing theory
E. break-even analysis - The time of completing a project in network analysis is given by following time of the critical activity meeting at the finalitiode_________________?
A. early finish
B. early start
C. late start
D. late finish
E. none of the above - Positive slack on a PERT indicates that project is________________?
A. ahead of schedule
B. beyond schedule
C. as per schedule
D. on critical path
E. none of the above - The technique for establishing and maintaining priorities among the various jobs of any project is known as___________________?
A. event flow scheduling technique
B. critical ratio scheduling
C. slotting technique for scheduling
D. short interval scheduling
E. none of the above - The probability distribution of project completion in PERT follows following distribution_________________?
A. normal
B. binomial
C. beta
D. exponential
E. Gaussian - Pick up the correct step used for scheduling a project by C.P.M.__________________?
A. a project is divided into various activities
B. required time for each activity is established
C. sequence of various activities is made according to their importance
D. network is drawn by connecting the activities and the events
E. all of the above - PERT stands for k (fit) project evaluation and review technique__________________?
A. project examination and review technique
B. project evaluation and reporting technique
C. process execution and reporting technology
D. project execution and results technique - Military organisation is known as_______________________?
A. line organisation
B. line and staff organisation
C. functional organisation
D. all of the above
E. none of the above - In Lincoln plan (one type of group incentive plan), the amount of the profit which an .employee receives in addition to the guaranteed basic _________________?
pay/wages, is based on :
A. a standard rating system
B. a merit rating system
C. a job evaluation system
D. his individual performance
E. all of the above - The most important objective behind plant layout is_____________________?
A. overall simplification, safety of integration
B. economy in space
C. maximum travel time in plant
D. to provide conveniently located shops
E. to avoid any bottlenecks
