Questions

Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

IPCC stands for the Intergovernmental Panel on Climate Change. It was established in 1988 by the World Meteorological Organization and the United Nations Environment Programme.

• IPCC, with respect to Chartered Accountancy, stands for Integrated Professional Competence Course. This is the second level of the CA course.

The Integrative Project Management Processes include:

Develop Project Charter - Developing the project charter that formally authorizes a project or a project Phase.

Develope Preliminary Project Scope Statement - Developing the preliminary project scope statement that provides a high level scope narrative

Develop Project Management Plan -  Documenting the actions necessary to define, prepare, integrate, and coordinate all subsidiary plans into a project management plan.

Direct and Manage Project Execution- Executing the work defined in the project management plan to achieve the project's requirements defined in the project scope statement.

Monitor and Control Project Work - Monitoring and controlling the processes used to initiate, plan, execute, and close a project to meet the performance objectives defined in the project management plan.

Integrated Change Control - Reviewing all change requests, approving changes, and controlling changes to the deliverables and organizational process assets.

Close Project - Finalizing all activities across all of the Project Management Process Groups to formally close the project or a Project phase.

Answer A is incorrect because project managers are not effectively utilized if they are always scheduling and coordinating resources for daily operations. Answer B is incorrect because project managers are not the best resource for providing estimates on daily operations and time allocations;people doing the actual work are the best resources. Answer D is incorrect because you do not specify different phases of ongoing operations.

Jawaharlal Nehru is the author of the book The Discovery of India