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 43 of 64

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Q421.
A term that establishes a discrimination between very good and even better projects is known as

a.

Category

b.

Criteria

c.

Priority

d.

Balance-check

Discuss
Answer: (b).Criteria
Q422.
A major role participation in the project council is of

a.

Senior-level managers

b.

Middle-level managers

c.

Lower-level managers

d.

Team leaders

Discuss
Answer: (a).Senior-level managers
Q423.
In types of models, the criteria being measured can be

a.

Subjective

b.

Objectives

c.

Random

d.

both a and b

Discuss
Answer: (d).both a and b
Q424.
Seventh step in Project Portfolio Process is

a.

Selecting Projects to Be Funded

b.

Reduce the Criteria Set

c.

Prioritize the Projects

d.

Implement the Process

Discuss
Answer: (a).Selecting Projects to Be Funded
Q425.
The approach in which proposal begins with a general description of the problem to be addressed or project to be undertaken, is

a.

The Technical Approach

b.

The Monetary approach

c.

Scaling Approach

d.

Simple Approach

Discuss
Answer: (a).The Technical Approach
Q426.
The model should give valid results within the range of conditions that the firm might experience, is known as

a.

Flexibility of the model

b.

Accountability of the model

c.

Capability of the model

d.

Realism of the model

Discuss
Answer: (a).Flexibility of the model
Q427.
In profitability models, the variation falls into general category of

a.

2 types

b.

3 types

c.

4 types

d.

6 types

Discuss
Answer: (b).3 types
Q428.
The Delphi technique was developed by the Rand Corporation in

a.

1989

b.

1978

c.

1969

d.

1990

Discuss
Answer: (c).1969
Q429.
For real options, if the investment can be delayed, its cost is discounted compared to

a.

Future investment of same amount

b.

Present investment of same amount

c.

Future investment of different amount

d.

Present investment of different amount

Discuss
Answer: (b).Present investment of same amount
Q430.
Canceling some ongoing projects or replacing them with new promising projects is a part of

a.

Reduce the Criteria Set

b.

Prioritize the Projects within Categories

c.

Assess Resource Availability

d.

Collect Project Data

Discuss
Answer: (a).Reduce the Criteria Set
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