Each page contains five questions. A link to answers and explanations for each question is located at the bottom of the page. Good luck!
Question 1
Question Statement:
Which of the following is a tool used to secure expert judgment?
Choices:
A. Peer review
B. Delphi technique
C. Expected value technique
D. Work Breakdown Structure (WBS)
Question 2
Question Statement:
Based on the information provided below, which project would you recommend pursuing?
Project I, with BCR (Benefit Cost ratio) of 1:1.6;
Project II, with NPV of US $ 500,000;
Project III, with IRR (Internal rate of return) of 15%
Project IV, with opportunity cost of US $ 500,000.
Choices:
A. Project I
B. Project III
C. Either project II or IV
D. Can not say from the data provided
Question 3
Question Statement:
What should be done by the project manager to ensure that all work in the project is included?
Choices:
A. Create a contingency plan
B. Create a risk management plan
C. Create a WBS
D. Create a scope statement
Question 4
Question Statement:
What kind of a relationship is implied when completion of a successor is dependent on initiation of its predecessor?
Choices:
A. FS
B. FF
C. SS
D. SF
Question 5
Question Statement:
What should a project manager do or follow to ensure clear boundaries for project completion?
Choices:
A. Scope verification
B. Complete a scope statement
C. Scope definition
D. Risk management plan