2) Most effort on a project is spent in the ______________ phase. a) initiating b) planning c) executing d) closing 3) Economic evaluation of a project should be done through: a) ROI, NPV and/or Pay Back Period b) OOM, budget, schedule c) Upper management review d) Smoke and mirrors 4) The critical path is the ___________ path through a project network diagram and the _______________ time required to complete the project. a) most difficult, longest b) most difficult, shortest c) longest, shortest d) shortest, longest 5) Quality should be a concern in which phase of a project? a) initiating b) planning c) execution d) closing e) all the above