Project Management Week 3 NPTEL Assignment Answers 2025

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✅ Subject: Project Management
📅 Week: 3
🎯 Session: NPTEL 2025 July-October
🔗 Course Link: Click Here
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NPTEL Project Management Week 3 Assignment Answers 2025

1. 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

Answer : See Answers

2. 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

Answer :

3. 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

Answer :

4. 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

Answer :

5. 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.

Answer :

6. Strategy A has an expected value of 10 and a standard deviation of 3. Strategy B has anexpected 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.

Answer : See Answers

7. 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.

Answer :

8. A risk-neutral person chooses investments solely based on expected returns without regard for risk.

• True
• False

Answer :

9. The strategy with the lowest coefficient of variation is always preferred by a risk-seeking decision maker.

• True
• False

Answer :

10. If a person’s utility doubles when their income doubles, the person is risk averse.

• True
• False

Answer : See Answers

NPTEL Project Management Week 3 Assignment Answers 2024

1. An organisation structure that is based on the Financial, Human Resources and Operational departments rather than by project is termed as a(n) _______.

• matrix organisation
• parent organisation
• functional organisation
• projectized organisation

Answer: functional organisation

Explanation:
A functional organization groups employees based on their job functions (e.g., HR, Finance, Operations). It emphasizes hierarchy and departmental specialization rather than project focus.

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2. The ____________ matrix is least similar to the pure project organisational form.

• strong
• weak
• functional
• mixed

Answer: weak

Explanation:
A weak matrix closely resembles a functional organization and gives very limited authority to the project manager. This makes it the least similar to a pure project structure, where the project manager has high authority.

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3. When a firm engages in a large number of similar projects, the _______ organisational form is apt to be preferred.

• pure project
• partial matrix
• functional
• mixed matrix

Answer: functional

Explanation:
When similar projects repeat, the functional structure allows teams to develop deep expertise and reuse processes effectively, improving efficiency and reducing redundancy.

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4. One of the main technical problems faced by the project manager is meeting _______ without compromising performance.

• supplier’s targets
• schedule and cost goals
• technical specifications
• cost and conflict goals

Answer: technical specifications

Explanation:
The project manager often faces the challenge of maintaining high-quality output (technical specs) while managing timelines and costs. Ensuring technical requirements are met is crucial and often technically demanding.

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5. Project priorities are more of a concern in the _______ stages of the project life cycle.

• earlier
• later
• middle
• final

Answer: earlier

Explanation:
In the early stages, decisions about scope, budget, and timelines are made. Setting clear priorities at this stage helps guide the entire project and prevent misalignment later.

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6. The key to conflict resolution is to turn a _________ into a __________.

• win-lose situation, win-win situation
• matrix organization; mixed organization
• subcontract; work breakdown structure
• functional division, projectized division

Answer: win-lose situation, win-win situation

Explanation:
Effective conflict resolution aims for outcomes where all parties benefit (win-win), rather than one side “winning” at the other’s expense (win-lose), which can harm team dynamics.

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7. The ____________ is a basic project document that describes all the work that must be done to complete the project and forms the basis for costing scheduling, and work responsibility.

• WBS
• OBS
• PMO
• project charter

Answer: WBS

Explanation:
The Work Breakdown Structure (WBS) breaks the project into manageable tasks, helping in planning, cost estimation, and assigning responsibilities effectively.

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8. The success of the project launch meeting is dependent on the existence of ___________.

• a project charter
• the project’s scope statement
• a well-defined set of objectives for the project
• project planning templates

Answer: a well-defined set of objectives for the project

Explanation:
Clear objectives ensure everyone starts on the same page, aligning expectations and setting a direction, making the project launch meeting effective.

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9. A useful tool for facilitating the management of changes to a project’s scope is the

• requirements traceability matrix
• WBS
• project charter
• mind map

Answer: requirements traceability matrix

Explanation:
This matrix tracks each requirement throughout the project life cycle, ensuring all changes are accounted for and linked to business needs and approvals.

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10. In an agile project, teams are given several requirements but only deal with one at a time, with each iteration being referred to as a ________.

• sprint
• deliverable
• WBS
• control

Answer: sprint

Explanation:
A sprint is a time-boxed iteration in agile, focusing on completing one set of tasks or user stories. It encourages focused progress and regular feedback.