project management quiz multiple choice 75 question
Multiple Question 75 question quiz on Project Management – See attachment Examples:
Question 1
- ________ is typically not referred to as a buffer type in critical chain project management.
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Resource buffer |
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Free buffer |
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Feeding buffer |
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Project buffer |
1 points
Question 2
- A company has to make a choice between two projects, because the available resources in money and kind are not sufficient to run both at the same time. Each project would take 9 months and would cost $250,000.
1. The first project is a process optimization which would result in a cost reduction of $120,000 per year. This benefit would be achieved immediately after the end of the project.
2. The second project would be the development of a new product which could produce the following net profits after the end of the project:
1. year: $ 15,000
2. year: $ 125,000
3. year: $ 220,000
Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these projects in the first 3 years, what is true?
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Both projects are equally attractive. |
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The first project is more attractive by app. 7%. |
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The second project is more attractive by app. 5%. |
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The first project is more attractive by app. 3%. |
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