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 42 of 64

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Q411.
Models do not make

a.

Plan

b.

Analysis

c.

Decisions

d.

Sense

Discuss
Answer: (c).Decisions
Q412.
The excellent predictors of a project's commercial success includes expected profitability and

a.

Technological opportunity

b.

Development risk

c.

Appropriability

d.

All of the Above

Discuss
Answer: (d).All of the Above
Q413.
The evaluation process of proposed projects or groups of projects is known as

a.

Project Analysis

b.

Project Compilation

c.

Project selection

d.

Project Documentation

Discuss
Answer: (c).Project selection
Q414.
The model's capability deals with the factors like, situations both internal and external to the project and

a.

Multiple time Periods

b.

Performance

c.

Cost

d.

Implementation

Discuss
Answer: (a).Multiple time Periods
Q415.
Models that are easily altered to accommodate changes in the environment or managerial policy, are

a.

Profitability models

b.

Scoring models

c.

Numeric models

d.

Nonnumeric models

Discuss
Answer: (b).Scoring models
Q416.
A concept in PSM that says a model should reflect the reality of the firm's decision situation is known as

a.

Flexibility

b.

Capability

c.

Realism

d.

Reflectivity

Discuss
Answer: (c).Realism
Q417.
The models designed to overcome some of the disadvantages of profitability model is known as

a.

Scoring models

b.

Factoring models

c.

Evaluation models

d.

Gradation models

Discuss
Answer: (a).Scoring models
Q418.
Project managers use the modelling technique to know the

a.

Problem's structure

b.

Problem's Definition

c.

Activity where problem lies

d.

Problem deviation

Discuss
Answer: (a).Problem's structure
Q419.
While cost calculation of the model, all costs should be considered, including

a.

Cost of Data management

b.

Cost of running the model

c.

Cost of failure

d.

both a and b

Discuss
Answer: (d).both a and b
Q420.
Discounted cash flow method determines the net present value of all cash flows by discounting them with the required

a.

Hurdle rate

b.

Cutoff rate

c.

Rate of return

d.

All of the Above

Discuss
Answer: (d).All of the Above
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