Quality Management – Practice Questions
Q1: Which of the following is an example of Cost of Conformance? A. Warranty Cost B. Scrap C. Quality training D. Cost of rework Q2: As a Project Manager on …
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Sample PMP Questions of Earned Value Management with Answers
Before proceeding, hopefully you already know the formulas for Earned Value Management technique, if not, check out this two videos, Earned Value Management Technique Formulas Earned Value Management Technique Formulas …
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Scope Management – Practice Questions
Q1: As a Project Manager, under what process group do you work on defining the project scope?A. Integration ManagementB. PlanningC. InitiatingD. Scope Management Q2: When decomposing the work in the …
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Project Selection – Payback Period
Definition Payback Period is the time it takes for the organization to earn back the initial investment (in terms of monetary cost) to the project and begin making profits. Sample …
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Project Selection – Net Present Value (NPV)
Definition Net Present Value (NPV) of the sum of all cash inflows (in Present Value) of the project minus the initial cost, i.e. PV (benefits) – PV (costs) (Read more) …
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Present Value (PV) and Net Present Value (NPV)
Let’s get the formula for PV out of the way first as it will pave the way for a better understanding of the concept. Formula PV = FV / (1+r)n …
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