NPTEL Project Management Assignment 3 Answer

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NPTEL Project Management Assignment

ABOUT THE COURSE : With the concept of managing Big Projects under costs and time constraints, it is imperative, that people working in the manufacturing/process/service industry have a very good understanding of the general and advanced concepts of Project Management. It is with this motivation that this course is designed, to meet the demand in the market from, UG to PG students coming from a variety of fields, be it Engineering or Management.

Next Week Assignment Answers

This course can have Associate in Nursing unproctored programming communication conjointly excluding the Proctored communication, please check announcement section for date and time. The programming communication can have a weightage of twenty fifth towards the ultimate score.

Final score = Assignment score + Unproctored programming exam score + Proctored Exam score

Assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
( All assignments in a particular week will be counted towards final scoring – quizzes and programming assignments).
Unproctored programming exam score = 25% of the average scores obtained as part of Unproctored programming exam – out of 100
Proctored Exam score =50% of the proctored certification exam score out of 100

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF ASSIGNMENT SCORE >=10/25 AND
UNPROCTORED PROGRAMMING EXAM SCORE >=10/25 AND PROCTORED EXAM SCORE >= 20/50.

If any one of the 3 criteria is not met, you will not be eligible for the certificate even if the Final score >= 40/100.

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1 point

Which of the accompanying techniques for selecting a strategy is predictable with risk averting behaviour?

On the off chance that two methodologies have the same expected benefit, select the one with the smaller standard deviation.

On the off chance that two methodologies have a similar standard deviation, select the one with the smaller expected benefit.

Select the methodology with the larger coefficient of variation.

All of the above are correct.

1 point

Which of the following is a schematic model of alternatives available to the decision maker along with possible consequences and alternatives?

Analytic Hierarchy Process

Decision making model

Preference Matrix

None of the above

1 point

Development of a decision tree requires the drawing of a series of nodes and branches. Which statement depicts one mistake check conceivable at a possibility node?

No error checks are possible

Probabilities for all branches leaving a chance node must sum to 1.0

The expected payoff must equal zero

Review the data and problem statement three times

1 point

A _________ is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.

Decision tree

Graphs

Trees

Neural Networks

1 point

What decision-making condition must exist in order for the decision tree to be a valuable tool?

Risk

Certainty

Uncertainty

All of the above

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1 point

The objective of using decision trees is to

Expand a Data Flow Diagram so that a user can understand it

To specify sequence of conditions to be tested and actions to be taken

Describe a computational procedure that can be easily understood by a person

Use it as a tool in decision support system

1 point

How the decision tree reaches its decision?

Single test

Two test

Sequence of test

No test

1 point

If a person’s utility doubles when their income doubles, then that person is risk

Averse.

Neutral.

Seeking.

There is not enough information given in the question to determine an answer.

1 point

Strategy A has an expected value of 10 and a standard deviation of 3. Strategy B has an expected value of 10 and a standard deviation of 5. Strategy C has an expected value of 15 and a standard deviation of 10. Which one of the following statements is true?

A risk averse decision maker will always prefer A to B, but may prefer C to A.

A risk neutral decision maker will always prefer C to A or B.

A risk seeking decision maker will always prefer C to A or B.

All of the above are correct.

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1 point

If a decision maker is risk averse, then the best strategy to select is the one that yields the

Highest expected payoff.

Lowest coefficient of variation.

Highest expected utility.

Lowest standard deviation.

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NPTEL Project Management Assignment

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