Project Management Week 8 NPTEL Assignment Answers 2025

NPTEL Project Management Week 8 Assignment Answers 2024

1. Which of the following is a primary benefit of using simulation in decision-making?

• a. Elimination of uncertainties
• b. Provides exact outcomes
• c. Allows experimentation without real-world consequences
• d. Reduces the need for data analysis

Answer: c
Explanation: Simulation allows decision-makers to test different scenarios without facing real-world risks, making it a safe environment to explore consequences and results.

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2. What is the purpose of using simulation models?

• a. To replace real-world systems
• b. To replicate real-world processes and behaviours
• c. To simplify complex systems
• d. To predict outcomes with 100% accuracy

Answer: b
Explanation: Simulation models are designed to replicate how real-world systems function to better understand, analyze, and predict behavior under different scenarios.

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3. Monte Carlo simulation is used for:

• a. Modeling continuous systems
• b. Predicting deterministic outcomes
• c. Handling uncertainty by running multiple trials
• d. Simulating discrete events only

Answer: c
Explanation: Monte Carlo simulation uses random sampling to handle uncertainty by simulating a wide range of possible outcomes, especially in probabilistic systems.

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4. Which statistical technique is commonly employed in simulation to model uncertainty?

• a. Regression analysis
• b. Hypothesis testing
• c. Random number generation
• d. Correlation analysis

Answer: c
Explanation: Random number generation is crucial in simulations to model unpredictability and variability in processes, especially in Monte Carlo simulations.

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5. Which factor is crucial for validating a simulation model?

• a. Ensuring the model’s complexity matches the real system
• b. Achieving identical results for all simulations
• c. Utilizing the same data for all model iterations
• d. Ignoring the model’s limitations

Answer: a
Explanation: A model must reflect the complexity of the real system it’s intended to simulate; oversimplifying or overcomplicating it may lead to invalid results.

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6. Which statement about sensitivity analysis in simulation is true?

• a. It identifies variables that don’t impact the simulation outcomes.
• b. It measures the impact of changing one variable while keeping others constant.
• c. It’s only applicable to deterministic simulations
• d. It doesn’t consider uncertainties.

Answer: b
Explanation: Sensitivity analysis focuses on how changes in one input affect the output, helping identify critical variables in simulation.

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7. In which field is Crystal Ball commonly used?

• a. Video Game Development
• b. Weather Forecasting
• c. Project Management and Decision Analysis
• d. Social Media Marketing

Answer: c
Explanation: Crystal Ball is an Oracle tool widely used in business for risk analysis, forecasting, and decision-making, especially in project management.

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8. Which aspect is a common challenge in simulation modelling?

• a. Overly simplified representations of real systems
• b. Inability to handle deterministic data
• c. Dependence on small-scale simulations
• d. Lack of need for validation and verification

Answer: a
Explanation: One major challenge is simplifying real systems too much, which may result in losing important dynamics and realism in the simulation output.

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9. Which feature of project management software allows users to visualize task dependencies and relationships?

• a. Gantt charts
• b. Resource allocation
• c. Risk analysis
• d. Agile boards

Answer: a
Explanation: Gantt charts visually represent timelines and dependencies between tasks, making it easier to manage and track project progress.

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10. What functionality in project management software assists in tracking team workload and availability?

• a. Kanban boards
• b. Resource levelling
• c. Burn-up charts
• d. Critical path analysis

Answer: b
Explanation: Resource levelling helps balance team workloads by adjusting tasks and schedules to avoid over-allocation and inefficiencies.