
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 …
Quality Management – Practice Questions Read MorePMCLounge.com is the number 1 *free* PMP resource on the internet | Get certified in 7 weeks!
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 …
Quality Management – Practice Questions Read MoreBefore 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 …
Sample PMP Questions of Earned Value Management with Answers Read MoreQ1: 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 …
Scope Management – Practice Questions Read MoreDefinition 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 …
Project Selection – Payback Period Read MoreDefinition 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) …
Project Selection – Net Present Value (NPV) Read MoreLet’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 …
Present Value (PV) and Net Present Value (NPV) Read More