Problem 1: If the initial investment in a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:
-5 years
-4 years
-one fifth of the year
- 10 years
Problem 2: A functional project structure is NOT characterized by:
-lower personnel costs
-improved communications
-lack of "projectitis"
-lack of technical knowledge depth
Problem 3: The name given to the budget process that aggregates income and expendatures across projects is:
-activity based costing
-top down budget
-bottom up budget
-program oriented budget
Problem 4: The amount of time a noncritical task can be delayed without delaying the project is called?
-Surplus
-Flop
-Slack
-Critical time
Problem 5: The first step in settin up a monitoring system is to:
-Identify personnel
-Identify all project milestones
-Identify key factors to be controlled
-Identify reports required
Problem 6: SDT stands for:
-Study, Design, Test
-Self directed team
-Significantly delayed task
-Standard design task
Problem 7: The cost/spending variance is calculated as:
-AC-EV
-EV-PV
-PV-EV
-EV-AC
Problem 8: Which of the following audits is typically performed by a person or team with special technical skills?
-The technical audit
-The detailed audit
-The aggregate audit
-The quality audit
Problem 9: The _____approach centers on understanding the bits and pieces in a system.
-Facilitating
-Analytical
-Systems
-Sensitivity
Problem 10: Which of the following is used to show linkages between people and tasks?
-The Work Breakdown Structure
-The RACI
-The Project Action Plan
-The Project resource diagram