Quiz – Project Selection Framework

Question 1 of 6

1. Question

Which methodology decomposes complex decisions into comparable elements?

Analytical Hierarchy Process

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Monte Carlo simulation

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Earned value management

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Critical path method

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Question 2 of 6

2. Question

What is Project Alpha’s estimated NPV over three years?

850,000 dollars

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620,000 dollars

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320,000 dollars

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280,000 dollars

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Question 3 of 6

3. Question

On which dimension does Project Beta score higher?

Strategic positioning

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Financial metrics

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Immediate revenue

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Low risk profile

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Question 4 of 6

4. Question

Which standards ground these project selection methodologies?

PMI and PMBOK

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ISO 14001

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HIPAA

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Basel III

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Question 5 of 6

5. Question

Match each selection criterion to what it evaluates.

Sort elements

Weighs multiple weighted criteria
Financial value over time
Mitigation and contingency needs

Scoring model

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Net present value

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Risk assessment

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Question 6 of 6

6. Question

Two proposals compete for one budget slot. Proposal Alpha promises immediate revenue with moderate risk. Proposal Beta targets market expansion with higher risk but strong strategic value. Leadership wants the strongest strategic positioning.

Select Proposal Beta for its strategic value

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Select Proposal Alpha for immediate revenue

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Cancel both proposals

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Delay the decision indefinitely

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