
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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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 …
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 …
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 …
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 …
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) …
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 …
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