project management quiz multiple choice 75 question

Multiple Question 75 question quiz on Project Management – See attachment Examples:

Question 1

  • ________ is typically not referred to as a buffer type in critical chain project management.

Resource buffer

Free buffer

Feeding buffer

Project buffer

1 points

Question 2

  • A company has to make a choice between two projects, because the available resources in money and kind are not sufficient to run both at the same time. Each project would take 9 months and would cost $250,000.

1. The first project is a process optimization which would result in a cost reduction of $120,000 per year. This benefit would be achieved immediately after the end of the project.

2. The second project would be the development of a new product which could produce the following net profits after the end of the project:

1. year: $ 15,000

2. year: $ 125,000

3. year: $ 220,000

Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these projects in the first 3 years, what is true?

Both projects are equally attractive.

The first project is more attractive by app. 7%.

The second project is more attractive by app. 5%.

The first project is more attractive by app. 3%.

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