1.Which of the following would be BEST classified as a project?

A. A software company is asked to design a network system for an expanding retail company

B. A construction company builds houses mina newly developing scheme.

C. An educational institution commissions the construction of an auditorium

D. An events planning firm organizes a wedding.

2.Which of the following statements is NOT true about NPV calculations:

A. NPV cash flows are discounted

B. NPV method considers the entire life of a project.

C. NPV uses estimated profits to assess projects.

D. Projects with negative NPV should be discarded

3. All the following statements about the payback period are correct EXCEPT:

A. payback period calculations are based on estimated cash flows

B. payback period method is not generally concerned with returns after the payback period

C. payback period gives an indication of risk

D. calculation of payback period always involves projected activities over entire life of the project

4.Which of the following sets of factors are considered essential to effective and successful project management?

A. Quality, cost, time

B. Scope, precise scheduling, customer value

C. Employee satisfaction, policy compliance, shareholder value

D. Timeliness, policy compliance, customer value.

5. Which stage of the Project Lifecycle is LIKELY to feature a risk analysis and establishment of reporting timelines and channels?

A. Phase 1

B. Phase 2

C. Phase 3

D. Phase 4

6. Which of the following is NOT a direct responsibility of a project manager?

A. Build and manage teams

B. Breakdown the project into a set of manageable tasks

C. Define the project by clarifying goals and objectives

D. Manage functional areas of parent company

7. A ___________outlines the problem, lists the project goals, and spells out the details of the project

A. Risk management plan

B. Budget Plan

C. Project Charter

D. Project schedule

8. If a project has a critical path of 18 days. If the project has two other paths, Path B which is 12 days and Path C which is 10 days. What is the slack time for Path B?

A. 30 days

B. 18 days

C. 12 days

D. 6 days

9. In a PERT Diagram what is the critical path?

The path with:

A. the shortest duration and will cause the project to delay if extended.

B. the longest duration

C. a duration value of zero

D. a slack time/float greater than zero

10. 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 BEST describes:

A. communication plan

B. work breakdown structure

C. gantt chart

D. staffing plan