[A1, A2] 1. How can project management offices (PMOs) support effective project management? [5 points] [A1, C1] 2. Remember, you do not have to be an accountant to pass this exam. You do NOT have to use accounting formulas (aside, possibly, from a couple of present value questions). But you may need to have a general understanding of what the terms mean. So test yourself! For each row on the following chart, enter the letter of the project you would select based on the information provided. [5 points] Net present value IRR Payback period Benefit cost ratio Project A $95,000 13 percent 16 months 2.79 Project B $75,000 17 percent 21 months 1.3 Which Project Would You Pick? [A1, C1, C2] 3. Using example describe the steps involved in creating a Risk Plan? [C2, D1, D4] 4. How does a communication plan benefit the management of projects? Give two examples of communication plans indicating their benefits. [5 points] [C2, C3] 5. What is the software that you will use to manage your project and what role does this software play in managing projects? [5 points] Page 2 5

[A1, A2] 1. How can project management offices (PMOs) support effective project management? [5 points] (A1, Cl] 2. Remember, you do not have to be an accountant to pass this exam. You do NOT have to use sccounting formulas (aside, possibly, from a couple of present value questions). But you may need to have a general understanding of what the terms mean. So test yourself For each row on the following chart, enter the letter of the project you would seleet based on the information provided. [5 points] [A1, Cl,C2] 3. Using example describe the steps involved in creating a Risk Plan? [C2,D1,D4] 4. How does a communication plan benefit the management of projects? Give two examples of communication plans indicating their benefits. [5 points] [C2,C3] 5. What is the software that you will use to manage your project and what role does this software play in managing projects? [5 points]