C722 Project Management (IPO1)

24. A Y2K repair project falls behind schedule on the critical path; the PM decides to crash the schedule. What is the expected consequence to the triple constraints?

A. Scope is unchanged, but costs decrease because the work is being expedited.

B. Scope is unchanged, but costs rise to reduce the unfavorable schedule variance.

C. Scope increases because more resources are being paid overtime costs.

D. Scope decreases because shortcuts are taken to avoid extra costs.

25. Match each purpose with its associated financial concept: (1) revenue tomorrow vs costs today; (2) time to earn back project cost; (3) future cash flows using time and interest rate; (4) what money is worth today vs future.

A. (1) Net present value

B. (2) Payback period

C. (3) Internal rate of return

D. (4) Time value of money

Matching question — each item pairs with the concept listed.

26. What is payback period?

A. The value of what you are giving up when you select one of two projects

B. The concept that a dollar today is worth a dollar, but a dollar in a year will be worth less than a dollar

C. A discount amount when present value of cash intake equals the original investment

D. A measure of time in which total cash received is equal to, or exceeds, total costs

27. A store planning its Christmas sale anticipates 25% sales growth and needs inventory delivered a week before Christmas. Which criterion should be used for this project?

A. Technical expertise

B. Time and resource availability

C. Benefit-Cost ratio

D. Net present value

29. An organic farm wants to launch a new guava flavored jam and wants to be sure it complements current offerings versus competition. Which type of initial criteria applies?

A. Numeric criteria

B. Checklist model

C. Non-numerical criteria

D. Model selection

30. A milk processing plant’s roof was damaged by a tornado; the repair project ensures ongoing processing (not doing it interrupts processing). Which project selection model did the plant manager use?

A. Competitive necessity

B. Sacred cow

C. Operating necessity

D. Checklist

31. A competitor’s new burger succeeds, so a fast food chain reduces its own price to avoid losing customers. What project selection criterion is being used?

A. Operating necessity

B. Competitive necessity

C. Sacred cow

D. Weighted factor

32. A newly elected mayor wants to buy frozen poultry to fulfill a campaign promise and appoints council members to study feasibility. What project selection criterion is used?

A. Sacred cow

B. Operating necessity

C. Competitive necessity

Students place their trust in exam experts who prioritize reliability, integrity, and measurable results. Through continuous support, transparent processes, and a strong success record, ProctoredExamsExperts.com empowers learners to perform at their best while enjoying complete peace of mind.Let us take your exam and also you can get this exact questions from us.