Exam 2C

Which of the following is a key component of Earned Value Management (EVM)?

• Project scope
• Variation at Completion (VAC)

• Team performance
• Risk assessment

What does a cash flow statement primarily show?

• Project timelines
• Cash inflows and outflows
• Team performance metrics
• Risk management strategies

Which type of budget focuses on long-term investments?

• Operating budget
• Capital budget
• Cash flow budget
• Marketing budget

What is the main goal of financial forecasting in project management?

• To predict future financial conditions
• To manage team performance
• To assess project risks
• To develop marketing strategies

Which technique is commonly used for adjusting budgets?

• SWOT analysis
• Variance analysis
• PERT analysis
• Gantt charts

Which of the following is considered a direct cost in project management?

• Overhead costs
• Salaries of project team members
• Marketing expenses
• Office rent

Which method is used to evaluate the profitability of an investment?

• SWOT analysis
• Payback period
• PERT analysis
• Gantt charts

What is the purpose of financial modelling in projects?

• To develop marketing strategies
• To evaluate project viability
• To manage team performance
• To assess project risks

What is a key benefit of using financial models in decision-making?

• Improved team performance
• Enhanced project timelines
• Better financial decision-making
• Increased project scope

Which strategy is used to mitigate financial risks?

• Ignoring risks
• Risk transfer
• Increasing project scope
• Reducing project timelines