USM PA Elect 2: Project Development and Management - Chapter 2 Quiz
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Questions and Answers

Project formulation is directed to carry out the project analytical work technical ______, Economic advantages combined with its viability, financial profit, institutional and managerial requirements, environmental consideration etc

feasibility

Project planning is a part of project management which should have ______ of what should be done, when, where and how such as GATT chart

schedule

Planning unit must be created to ensure that all plans are consistent and that policies and strategies are aimed at achieving the same ______ and objectives

mission

A ______ is the result of planning efforts and the planning is the systematic management of assets in pursuit of goals

<p>plan</p> Signup and view all the answers

For designing a realistic ______, it requires a great deal of knowledge about the concerned projects

<p>plan</p> Signup and view all the answers

Projects are the smallest analytical or operational part or ______ of a plan or program, which help to make the plan to noticeable reality

<p>element</p> Signup and view all the answers

A ______ is a matter or situation regarded as unwelcome or harmful that disturbs a project in achieving its objective.

<p>problem</p> Signup and view all the answers

Problem ______ is a process of selecting solvable issues as a platform for investigating a broad range of interventions and generating options.

<p>identification</p> Signup and view all the answers

The ______ between the hoped for and the actual situation is directly or indirectly related to a desired outcome or standard of behavior.

<p>difference</p> Signup and view all the answers

Problem ______ is the development of clear, straightforward problem statements.

<p>identification</p> Signup and view all the answers

There is a distinction between the ______ and desired situation.

<p>present</p> Signup and view all the answers

Problem ______ is a process of selecting solvable issue platform for investigating a broad range of interventions and generating options.

<p>identification</p> Signup and view all the answers

Product Mix is mainly affected by variations in ______ and quality of product.

<p>size</p> Signup and view all the answers

Plant Capacity decision includes ______ requirement.

<p>technological</p> Signup and view all the answers

Location and Site selection considers proximity to ______ materials and markets.

<p>raw</p> Signup and view all the answers

Machines and Equipment's selection is dependent on ______ technology.

<p>production</p> Signup and view all the answers

Structure and Civil Works include site ______ and development.

<p>preparation</p> Signup and view all the answers

Project Charts and Lay-outs include general ______ lay-out.

<p>functional</p> Signup and view all the answers

In market analysis, key steps include situation analysis, specification of objectives, collection of secondary information, market survey, characterization of market, and demand ______

<p>forecasting</p> Signup and view all the answers

Financial aspect of project development includes the technique of financial cost benefit analysis to analyze the private sector's projects from the viewpoint of the individual participant and estimate returns to a project ______

<p>participant</p> Signup and view all the answers

To analyze how much budget is needed, the financial aspect considers internal sources, loans required, time needed for returns on investment, input costs, administrative costs, and salary scales of project ______

<p>personnel</p> Signup and view all the answers

In financial analysis, the viewpoint taken is of the individual ______ and their returns from participating in the project

<p>participant</p> Signup and view all the answers

Market planning involves steps like situation analysis, specifying objectives, collecting secondary information, conducting market survey, characterizing market, and demand ______

<p>forecasting</p> Signup and view all the answers

Whether the equipment and machines chosen are appropriate?Whether the technology proposed to be employed is appropriate from the ______ point of view?

<p>social</p> Signup and view all the answers

What would be the ______ outlay and cost of project, cost of capital and means of financing?

<p>investment</p> Signup and view all the answers

What would be the impact of the project on the ______ of savings and investment in the society?

<p>level</p> Signup and view all the answers

What should the project ______ and management system be like?

<p>institution</p> Signup and view all the answers

What is the likely ______ caused by the project to the environment?

<p>damage</p> Signup and view all the answers

What is the cost of ______ measures required to ensure that the damage to the environment is contained within acceptable limits?

<p>restoration</p> Signup and view all the answers

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