Each page contains five questions. A link to answers and explanations for each question is located at the bottom of the page. Good luck!
Which of the following is a tool used to secure expert judgment?
A. Peer review
B. Delphi technique
C. Expected value technique
D. Work Breakdown Structure (WBS)
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.
A. Project I
B. Project III
C. Either project II or IV
D. Can not say from the data provided
What should be done by the project manager to ensure that all work in the project is included?
A. Create a contingency plan
B. Create a risk management plan
C. Create a WBS
D. Create a scope statement
What kind of a relationship is implied when completion of a successor is dependent on initiation of its predecessor?
What should a project manager do or follow to ensure clear boundaries for project completion?
A. Scope verification
B. Complete a scope statement
C. Scope definition
D. Risk management plan