Advance Project Management MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Advance Project Management, a fundamental topic in the field of Human Resource Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Advance Project Management MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Advance Project Management mcq questions that explore various aspects of Advance Project Management problems. Each MCQ is crafted to challenge your understanding of Advance Project Management principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Human Resource Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Advance Project Management MCQs are your pathway to success in mastering this essential Human Resource Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Advance Project Management. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Advance Project Management knowledge to the test? Let's get started with our carefully curated MCQs!

Advance Project Management MCQs | Page 1 of 64

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Q1.
Discounted Cash Flow is also known as

a.

Net present value

b.

Internal Rate of Return

c.

Profitability Index

d.

Net margin value

Discuss
Answer: (a).Net present value
Q2.
Delphi technique is the most widely and effective technique used for

a.

List generation

b.

Weight generation

c.

Factor generation

d.

Credit generation

Discuss
Answer: (b).Weight generation
Q3.
The decision to invest in the development of a new process or product depends on an estimate of

a.

Success score

b.

Customer's Response

c.

Cash flows

d.

Failure Score

Discuss
Answer: (c).Cash flows
Q4.
The profitability models use readily available accounting data to determine the

a.

Data flows

b.

Success Rate

c.

Cash flows

d.

Failure Rate

Discuss
Answer: (c).Cash flows
Q5.
The case here the project is suggested by a senior and powerful official in the organization is known as

a.

The Competitive Necessity

b.

Comparative Benefit Model

c.

The Sacred Cow

d.

The Operating Necessity

Discuss
Answer: (c).The Sacred Cow
Q6.
By adding numeric weights reflecting the relative importance of each individual factor, we get a

a.

Graded Factor Scoring Model

b.

Unweighted Factor Scoring Model

c.

Weighted Factor Scoring Model

d.

Listed Factor Scoring Model

Discuss
Answer: (c).Weighted Factor Scoring Model
Q7.
The basic model type, that is older and simpler and have only a few subtypes to consider is known as

a.

Numeric Models

b.

Nonnumeric Models

c.

Alphanumeric models

d.

Alphabetic models

Discuss
Answer: (a).Numeric Models
Q8.
In Q-Sort, the projects within each category is ordered from best to worst, having

a.

5 or fewer members

b.

6 or fewer members

c.

7 or fewer members

d.

8 or fewer members

Discuss
Answer: (d).8 or fewer members
Q9.
The internal rate of return of numeric model can result in multiple

a.

Errors

b.

Failures

c.

Decisions

d.

Solutions

Discuss
Answer: (d).Solutions
Q10.
If the investment in a project is delayed, its value may increase/decrease with the passage of time because some of

a.

Normalization

b.

Minimum errors

c.

Maximized errors

d.

Reduced Uncertainties

Discuss
Answer: (d).Reduced Uncertainties
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