Project Management - C722 (UNIT 3 Quiz) With Complete Solutions

Project Management - C722 (UNIT 3 Quiz) With
Complete Solutions


When a company has many project proposals from which to choose,
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____________ involves both evaluating and prioritizing the project proposals.
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Opportunity cost ||




Payback period ||




Time value of money
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Project selection ||




Project Selection ||




Correct. When a company has many project proposals from which to choose,
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project selection involves both evaluating and prioritizing the project
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proposals.




The _____________ project selection model keeps the cost of gathering data
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and running the model low, relative to the scale of the project.
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, Low cost ||




Ease of use|| ||




Comparable
Low Cost ||




Correct. A low cost project selection model keeps the costs of gathering data
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and running the model low, relative to the scale of the project.
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A project selection model is said to be ____________ when it accurately
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reflects the decision making context of the company including its capabilities
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and limitations.
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Realistic


Flexible


Capable
Realistic