5. When evaluating and prioritizing projects, we may use the weighted scoring method in addition to financial analysis b

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5 When Evaluating And Prioritizing Projects We May Use The Weighted Scoring Method In Addition To Financial Analysis B 1 (133.09 KiB) Viewed 40 times

5. When evaluating and prioritizing projects, we may use the weighted scoring method in addition to financial analysis because: a financial analysis is precise, whereas weighted scoring method is not. b. weighted scoring method can handle qualitative factors, which may not be estimated numerically as required in financial analysis. c. financial analysis may not be accurate, whereas weighted scoring method is very accurate. d. Both methods are equally good. We only need to use either one, not both. - 2 6. In the PMI project management methodology, Human Resources, Procurement, Risk and Communications management are classified as facilitating knowledge areas because: a. these are easier to manage than the other knowledge areas. b. these require sponsor's approval and the other knowledge areas do not. c. these are more important than the other knowledge areas. d. these are normally not considered as the success criteria of projects. 7. Which of the following statements is correct about cost baseline? a. It is the result of the cost estimating process. b. It is based on the Earned Value Management method. c. It is the same as the time baseline. d. It includes the original budget plus any approved changes to costs. 8. Which of the following statements is/are true about residual and secondary risks? (1) There will always be residual risks, but not necessarily secondary risks. (2) Secondary risks cannot be avoided whereas residual risks can be (3) Both of these risks are the results of some risk response strategies. a. (1) only. b. (2) only. (1) and (3) only. d. (1), (2) and (3) c.