Project+ (PK0-004) questions with correct answers

Benefit measurement methods Correct Answer-Decision model that compares the benefits obtained from new project requests by evaluating them using the same criteria and comparing the results. Constrained optimization models Correct Answer-Decision models that use statistics and other mathematical concepts to assess a proposed project. Cost-benefit analysis Correct Answer-benefit measurement. Calculates the cost of producing the result of the project and compares to the financial gain the project will generate. Decision model Correct Answer-Method of project selection that helps managers make the best use of limited budgets and human resources. Discounted cash flow (DCF) Correct Answer-Compares the value of the future cash flows of the project to today's dollars. Economic model Correct Answer-benefit measurement method. Series of financial calculations that provide data on the overall financials of the project. used as a project selection technique. Feasibility study Correct Answer-determine whether the project is a viable project, the probability of project success, and the viability of the product of the project. Functional organization Correct Answer-organizational structure. Functional organizations are traditional organizations with hierarchical reporting structures.