19. You are on the Project Selection panel for an organization that specializes in property development. A local bank has shown interest in financing one of your property development projects. Now you are in the process of evaluating which of the four projects to present to the bank. Project A has an Internal Rate of Return (IRR) of 20 percent and payback period 10yrs. Project B has an IRR of 7 percent payback period 3 years . Project C has an IRR of 12 percent and payback period 5 years. Project D has an IRR of 15 percent and payback period 10 years. Which of these would be the BEST project? A. Project A B. Project B C. Project C D. Project D 20. Ariel is now closing a product launch project. She has to perform all of the following in closing project Except: A. Update the lessons learned register. B. Perform Cost benefit analysis C. Formal acceptance. D. Performance reporting. 21. A local bank has been instructed by the Mister of youth, sports and recreation, Kirstie Coventry to disburse loans to youth groups in Harare for potentially viable projects. You have been tasked by your manager to evaluate the project proposals submitted project A and project B. Project A costs $2.5 million, with potential benefits of $13 million and future operating costs of $3 million. Project B costs $2.8 million, with potential benefits of $15 million and future operating costs of $2 million. Which project should you recommend? A. Project A, because the cost to implement is cheaper than Project B. B. Project B, because the potential benefits minus the costs to implement are greater in value than the same calculation for Project A. C. Project A, because the potential benefits plus the future operating costs are less in value than the same calculation for Project B. D. Project B, because the potential benefits minus the implementation and future operating costs are greater in value than the same calculation for Project A. 22. What type of organization does the project team experience the most amount of stress when the project is coming to an end? A. Weak matrix B. Strong matrix C. Projectized D. Functional 23. All of the following statements are true of the project Closing processes except for which one? A. Probability for success is greatest in the project Closing processes. B. The project managers influence is greatest in the project Closing processes. C. The stakeholders influence is greatest in the project Closing processes. D. Risk is greatest in the project Closing processes 24. Which of the following statements is true regarding Close Project? A. Close Project occurs at the end of a project phase and at the end of the project. B. Close Project occurs at the end of the project phase only. C. Close Project occurs at the end of the project only. D. Close Project is performed after Contract Closure. 25. In a Projectized organization, the project team: A. Reports too many bosses. B. Has no loyalty to the project. C. Reports to the functional manager. D. Will not always have a "home:' 27. A project manager is trying to complete a project to come up with a service for the provision of child care at the work place for working mothers, but he cannot get enough attention for the project. Team members are focused on completing process-related work, and the project manager has little authority to assign resources. What form of organization is the project manager working in? A. Weak Matrix B. Strong Matrix C. Functional D. Projectized 28. A project manager has very little project experience, but he has been assigned as the project manager of a new project. Because he will be working in a matrix organization to complete his project, he can expect communications to be: A. Simple. B. Open and accurate. C. Complex. D. Hard to automate. 29. The difference between a project, program, and portfolio is: A. A project is a temporary endeavor with a beginning and an end, a program may include other non-project work, and a portfolio is all the projects in a given department or division. B. A project is a lengthy endeavor with a beginning and an end, a program combines two or more unrelated projects, and a portfolio combines two or more programs. C. A project is a temporary endeavor with a beginning and an end, a program is a group of related projects, and a portfolio is a group of projects and programs related to a specific strategic objective. D. A project is a contracted endeavor with a beginning and end, a portfolio is a group of projects with more open-ended completion dates, and a program combines two or more portfolios. 30. Which of the following brings together a set of tools and techniques used to describe, organize, and monitor the work of project activities? A. Project managers B. The PMBOK Guide 6th edition C. Project management D. Stakeholders 31. Which of the following is an Economic model used for project appraisal and selection? A. Cost-Benefit Analysis B. Linear programming C. Payback period D. Scoring Model 32. A project manager is running a software project that is supposed to be delivered in phases. She was planning on dividing the resources into two separate teams to do the work for two phases at the same time, but one of her senior developers suggested that she use an agile methodology instead, and she agrees. Which of the following BEST describes the relationship between her projects phases? A. Sequential relationship B. Iterative relationship C. Constrained relationship D. Overlapping relationship 33. Which of the following is/are not part Internal Enterprise Environmental factors A. Organizational culture, structure, and governance B. Infrastructure C. Information technology software D. Social and cultural influences and issues