Questions with Accurate
Answers
1. Time value of Money
2. Net Present Value
3. Internal Rate of Return
4. Opportunity Cost correct answer MATCH EACH IN ORDER:
1. To calculate money's worth today compared to the future
2. To calculate whether revenue tomorrow is greater than costs today
3. To calculate future cash flows using time and interest rates
4. To calculate alternative use of money
1.5.1 Lay Sod correct answer The general manager of a hotel has asked
for a project to put in new landscaping around the building. The project
,manager has constructed a high-level work breakdown structure (WBS)
for the project, which is provided below.
WBS ID Description
1.0 Landscaping
1.1 Plans
1.2 Site preparation
1.3 Sprinklers
1.4 Sidewalks
1.5 Planting
20 correct answer The project team is determining the duration for
upgrading the software on the app used on its mobile devices. An
experienced technician took 15 minutes to complete the task. Two
other new technicians will be assisting. They have performed a few
upgrades on mobile devices, desktop computers, and laptop
computers, which took one technician approximately 25 minutes and
the other 20 minutes to upgrade.
Using three-point estimating, how many minutes will it take for each
upgrade performed?
23 correct answer The project team is determining the duration for
upgrading the software on the app used on its mobile devices. An
experienced technician took 10 minutes to complete the task. Two
, other new technicians will be assisting and have little experience in
software upgrades on mobile devices or desktop and laptop computers.
One technician took approximately 28 minutes, while the other
technician took 31 minutes to complete the task.
Using three-point estimation, how many minutes will it take for each
upgrade performed?
Activity estimates correct answer A project manager is creating a list of
anticipated project tasks while building a calendarized budget.
What is the key component of this budget called?
After action report correct answer What is another name for the
lessons learned review that is often used by the military and other
uniformed services?
As of today, what is the actual cost incurred for the work
accomplished? correct answer Actual Cost (AC)
As of today, what is the budgeted cost of the work that is actually
accomplished? correct answer What is EV (Earned Value)?
As of today, what is the budgeted cost of work that is scheduled to be
completed? correct answer Planned Value (PV)