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 2 of 64

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Q11.
In general managers feel that insistence on short payout periods tends to

a.

Minimize the risks

b.

Maximize the risks

c.

Normalize the errors

d.

Maximize the errors

Discuss
Answer: (a).Minimize the risks
Q12.
In any model, if the value of the project drops it may fail the

a.

Decision process

b.

Execution process

c.

Selection process

d.

Testing process

Discuss
Answer: (c).Selection process
Q13.
A set of relevant factors, selected by management and is listed in a preprinted form, in

a.

Unweighted Factor scoring Model

b.

Unweighted 0-1 Factor Model

c.

Weighted Factor Scoring Model

d.

both a and b

Discuss
Answer: (b).Unweighted 0-1 Factor Model
Q14.
Window-of-opportunity approach is applied before undertaking any technology, considering specifications of

a.

Cost

b.

Time

c.

Performance

d.

All of the Above

Discuss
Answer: (d).All of the Above
Q15.
Nonnumeric models have cases of

a.

4 types

b.

5 types

c.

6 types

d.

2 types

Discuss
Answer: (b).5 types
Q16.
In unweighted factor scoring model, discrete numeric scale is used to represent the degree to which a criterion is satisfied is

a.

Commonly followed

b.

Commonly failed

c.

Widely rejected

d.

Widely accepted

Discuss
Answer: (d).Widely accepted
Q17.
In nonnumeric models, investment in an operating necessity project takes precedence over a

a.

Competitive Necessity

b.

Comparative Benefit Model

c.

The Sacred Cow

d.

The Product Line Extension

Discuss
Answer: (a).Competitive Necessity
Q18.
Models that allow the fact that some criteria are more important than others is known as

a.

Profitability index model

b.

NPV modelling

c.

Unweighted factor scoring

d.

Weighted scoring

Discuss
Answer: (d).Weighted scoring
Q19.
In Q-Sort technique, the project is divided into three groups, according to their relative

a.

Lists

b.

Ranks

c.

Merits

d.

Budgets

Discuss
Answer: (c).Merits
Q20.
The two basic types of project selection models are

a.

Numeric

b.

Nonnumeric

c.

Alphanumeric

d.

both a and b

Discuss
Answer: (d).both a and b
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