1. Weighted scoring uses linear programming a. True b. False

2. Net Present Value (NPV) can be a consideration when selecting projects a. True b. False

3. Which of the following could be a potential method/measure used for project selection a. Weighted scoring b. Cost-benefit analysis c. Internal Rate of Return d. All of the above

4. The PMI process framework has how many knowledge areas? a. 5 b. 7 c. 9 d. 10

5. The PMI framework has how many process groups? a. 5 b. 10 c. 3 d. 8

6. Among the process groups, planning has the most processes a. True b. False

7. Which of the following is true of the PMI framework a. It has 49 processes b. It is not a methodology c. It needs to be tailored to a specific project/organization d. All of the above

8. It is typical in a project that all planning must be completed before starting any work a. True b. False

9. The weighted scoring model a. Uses purely financial measures for decision making b. Uses purely quantitative measures for decision making c. Can use qualitative (ordinal) and/or quantitative measures for decision making d. Is not a decision making technique

10. Which one of the following is true of project closure a. All project closure considerations are started towards the very end of a project (or phase) b. Project closure commences after the project (or phase) has been formally completed c. Project closure is essentially about signing off on contractual documentation d. Project closure considerations should ideally be on the radar of the project team and project manager as early in the project as possible

11. Project work performance data is a. Generated by executing processes b. Displayed as is in performance reports c. Usually displayed in charts d. Always related to schedule or cost performance

12. Enterprise Environmental Factors (EEFs) could include which of the following? a. Employee skills and expertise b. Information technology capabilities c. Market conditions d. All of the above

13. The corporate knowledge base is an organizational process asset a. True b. False

14. In a project-oriented organizational structure, the project manager is likely to a. Be managing several projects at a time b. Have a low level of authority c. Be managing the project budget d. Also be the project sponsor

15. A Project Management Office (PMO) which is directive a. Is unlikely to manage projects b. Is very likely to directly manage projects c. Provides mostly consultative support to projects d. Is most likely to only ensure conformance to the governance framework

16. The unit for measuring the Internal Rate of Return is monetary (example: US dollars). a. True b. False

17. ROI is measured as a percentage and not in monetary terms (example: US dollar) a. True b. False

18. A payback period of two years is more attractive than a payback period of one year a. True b. False

19. Discounted cash flow (DCF) is measured in time units (month, year, etc.) a. True b. False

20. The Internal Rate of Return (IRR) is the interest rate which makes the NPV zero a. True b. False