$11$:$01$

LTE

$51$

it$413-$Apr$-202410-33-53(2)$

SECTION A

Answer all questions in this section

$(20$ marks$)$

What is the main advantage of using the NPV method as a basis for project selection?

a$.$ It takes into account the time value of money.

b$.$ It is easy to calculate and understand.

c$.$ It considers only the cash inflows of the project.

d$.$ None of the above.

What document formally authorizes a project and defines its scope?

a$.$ Project Schedule

b$.$ Work Breakdown Structure

c$.$ Project Scope Statement

d$.$ Gantt Chart

How can a well$-$structured communication plan contribute to project success?

a$.$ By reducing project scope

b$.$ By eliminating project risks

c$.$ By fostering collaboration and preventing misunderstandings

d$.$ By accelerating project timelines

How does the Net Present Value $($NPV$)$ method account for the time value of money?

a$.$ It ignores the time value of money.

b$.$ It discounts future cash flows to present value.

c$.$ It inflates past cash flows to present value.

d$.$ It uses the average cash flow over time.

Which stage in the project life cycle is typically the longest and most resourceintensive?

a$.$ Initiation

b$.$ Planning

c$.$ Execution & monitoring

d$.$ Closing

What is the critical path in a project schedule?

a$.$ The shortest path to project completion

b$.$ The longest path to project completion

c$.$ The path with the most tasks

d$.$ The path with the least dependencies

In a WBS$,$ which level represents the highest level of abstraction$?$

a$.$ Level $1$

b$.$ Level $2$

c$.$ Level $3$

d$.$ Level $4$

Which of the following is a potential limitation of the weighted decision model?

a$.$ It is subjective and may be biased by individual preferences.

b$.$ It is time$-$consuming and may be difficult to implement.

$2$

c$.$ If may nol take into account all relevant fictors.

$(1.$ All of the nhove,

What doev the term "filoat" or "Slack" represent in project scheduling?

a$.$ Free time available for a tusk without delaying the project

b$.$ The weight of a task in the projeet

c$.$ The flexibility of project managers

d$.$ Time added to a task to ensure completion

c$.$ Increasing the resources allocated to activities on the critical path.

d$.$ Identifying and mitigating risks that could impact the critical path.

How does a detailed project charter contribute to project success?

a$.$ By providing a basis for detailed project execution

b$.$ By minimizing stakeholder engagement

c$.$ By preventing project risks