Project Management Progression - Qp3

10 Questions | Total Attempts: 130

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Project Management Progression - Qp3

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

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