Project Management Progression - Qp3

10 Questions | By Jacksonmatthews | Updated: Mar 15, 2022 | Attempts: 197

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Project Management Progression - Qp3 - Quiz

The purpose of project management is to predict problems a project may face and take preventive measures to ensure they don’t occur. As we continue to revise for the project management test, I have prepared the third quiz in the series of tests designed help you ace that upcoming test. Give it a shot and see if you may need some more revision.

Questions and Answers

1.

Once the costs have been estimated, you need to prepare a cash flow forecast.
- A.
  
  True
- B.
  
  False
2.

To prepare the cash flow you need to draw a table or use a spreadsheet with a column for each expense of the project.
- A.
  
  True
- B.
  
  False
3.

There are five main stages to negotiating with someone.
- A.
  
  True
- B.
  
  False
4.

Long term finance is usually finance that is needed for the day to day running of the project and for less than twelve months.
- A.
  
  True
- B.
  
  False
5.

Internal finance comes from within the organisation. External finance is finance that is sources from outside the organisation.
- A.
  
  True
- B.
  
  False
6.

Long term financing sources may include: (Select four)
- A.
  
  Bank overdraft
- B.
  
  Owner's capital
- C.
  
  Loans
- D.
  
  Trade credit
- E.
  
  Hire purchase or leasing
- F.
  
  Grants
7.

Checks on budgets should be made at the end of the project.
- A.
  
  True
- B.
  
  False
8.

The project owners or sponsors will want to know during the project that the project is on target and not going over budget.
- A.
  
  True
- B.
  
  False
9.

At the end of the project, a final report will be required reporting on the project’s final financial position.
- A.
  
  True
- B.
  
  False