Selecting Services for Practices – Final Exam

Which of the following groups are typically responsible for reviewing, selecting and prioritizing projects?

All of the following are characteristics of projects except:

Which of the following is NOT an example of a business need?

What technique identifies the cost to produce a product, service, or result to the benefits that the organization will receive as a result of executing the project?

What project selection method assigns a weighting for different criteria and then scores the criteria for each project?

Calculate the payback period for the following project.  The project will require an initial investment of $2 million.  The project will have an expected cash inflows of: $50,000 per quarter for the first year, $75,000 per quarter for years two and three, and $100,000 every quarter thereafter.  What is the payback period for this project?

If project A is expected to make $450,000 in three years and Project B is expected to make $500,000 in five years and the cost of capital is 10%, using the discounted cash flows method which project should be selected if your organization can only work on one project?

What technique is used to identify project risks that stem from the organization?