Project Management Quiz

What is the purpose of networking in project management?

• To create a visual representation of project stages

• To calculate financial returns

• To manage team communication

• To develop marketing strategies

What does critical path analysis help with in large projects?

• Building upon the networking principle

• Designing marketing campaigns

• Calculating financial risks

• Managing team meetings

What is the function of Gantt charts in project management?

• Scheduling project activities

• Calculating financial returns

• Designing product features

• Managing team communication

What is investment appraisal used for?

• Determining the worthiness of investing in a project

• Designing marketing strategies

• Managing team communication

• Developing new products

What does discounted cash flow help calculate?

• The value of future cash flows in current terms

• The best marketing strategy

• The team’s communication plan

• The design of new products

What is the internal rate of return (IRR) used for?

• Determining which projects yield the greatest return

• Designing new products

• Managing team meetings

• Developing marketing strategies

What does net present value represent?

• How much the money in the business is worth today

• The best marketing strategy

• The team’s communication plan

• The design of new products

What is discounted cash flow

• A method used to estimate the value of an investment based on its expected future cash flow

• A method used to estimate the value of an investment based of current cash flow

• The current value of a business/investment

• The greatest yield per £ spent

A good example of project management software is

• Sunday.come

• Wednesday.com

• Friday.com

• Monday.com

Management information systems (MIS) are good for

• Working out how much has been spent on marketing

• Keeping data such as employee records

• Planning a task from start to finish

• Creating a Gantt chart