Question: Which characteristic is being used as the criterion to select a model that considers time, risk, cost, and environment?
Answer Choices:
• Flexible
• Low cost
• Comparable
• Realistic
Answer: Realistic
Question: Which characteristic is being used as the criterion to select a model when prioritizing projects?
Answer Choices:
• Easy to use
• Low cost
• Realistic
• Comparable
Answer: Comparable
Question: What is one attribute an organization may focus on when using a model?
Answer Choices:
• Stakeholder influence
• Fluid assets
• Administrative salaries
• Customer satisfaction
Answer: Customer satisfaction
Question: Which activity is accomplished as part of the monitoring and controlling process?
Answer Choices:
• Reconciling the vendor accounts
• Training and coaching team members
• Finalizing the project scope
• Verifying that the deliverables meet the required scope
Answer: Verifying that the deliverables meet the required scope
Question: To calculate the time required to earn back the cost of a project, what financial concept is used?
Answer Choices:
• Internal rate of return
• Opportunity cost
• Payback period
• Time value of money
Answer: Payback period
Question: What are the triple constraints altered by modifications?
Answer Choices:
• Time, cost, risk
• Scope, time, cost
• Scope, time, resources
• Cost, time, price
Answer: Scope, time, cost
Question: What should a leader consider in selecting a project evaluation model?
Answer Choices:
• Non-numeric models provide the essential data for decision making.
• Numeric models provide too many financial details of a project.
• Numeric and non-numeric models provide too much data for decision making.
• Numeric and non-numeric models provide multiple measurements for decision making.
Answer: Numeric and non-numeric models provide multiple measurements for decision making.
Question: Which two triple constraints have been protected by permitting the budget to run over?
Answer Choices:
• Scope
• Time
• Technology
• Cost
• Risk
• Price
Answer: Scope
Time
Question: What are the triple constraints for a project fixing a Y2K flaw?
Answer Choices:
• 3% inflation rate
• $5 million
• $4 billion
• September 30, 1999
• A legacy program still being used
• 25 enumerated legacy programs
• March 31, 1999
• Weekends and holidays
Answer: $5 million
September 30, 1999
25 enumerated legacy programs
Question: Which activity is accomplished as part of the executing process of a project?
Answer Choices:
• Finalizing the project schedule
• Returning the project assets to the sponsoring organization
• Conducting a lessons learned review
• Managing project stakeholders
Answer: Managing project stakeholders
Question: Which activity is accomplished as part of the planning process of a project?
Answer Choices:
• Controlling the budget
• Developing the project proposal
• Creating the network diagram
• Reporting project quality
Answer: Creating the network diagram
Question: Which triple constraints are affected when leveling resource usage?
Answer Choices:
• Price and incentives
• Scope and time
• Cost and price
• Time and cost
Answer: Time and cost
Question: To calculate what money is worth today compared to in the future, what financial concept is used?
Answer Choices:
• Internal rate of return
• Net present value
• Payback period
• Time value of money
Answer: Time value of money
Question: Which activity is accomplished as part of the initiating process of a project?
Answer Choices:
• Performing a lessons learned review
• Defining the project scope
• Developing the project budget
• Selecting the project
Answer: Selecting the project
Question: What is opportunity cost?
Answer Choices:
• The value of what you are giving up when you select one of two projects
• The measure of time in which total cash received is equal to, or exceeds, total costs
• The discount amount when present value of cash intake equals the original investment
• The concept that a dollar today is worth a dollar, but a dollar in a year will be worth less
Answer: The value of what you are giving up when you select one of two projects