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2. Question: 1 The Internal Rate of Return is: A. B. C. D. The Discount Rate which produces the highest NPV The Discount Rate which produces the lowest NPV The Discount Rate which matches the normal bank interest rate The Discount Rate which produces a zero NPV Answer: D Question: 2 What is product based planning? A. B. C. D. A technique that marketing departments use to launch new products and services. A technique that seeks to identify tasks and activities A technique that monitors the progress of the project A technique that concentrates on the identification and definition of what the project is to deliver Answer: D Question: 3 Complete the following statement choosing the most appropriate option from those below. "The design authority is responsible for?" A. Co-ordinating the overall programme and constituent projects B. The programme C. Business integrity within the programme D. Technical integrity across projects Answer: D Question: 4 End Project Reviews should be used to: A. Identify who was responsible for any failures B. Consider support requirements C. Capture lessons learned for future projects of a similar nature D. Agree when the project team can be released for other work Answer: C Question: 5 Which of the following is NOT typically a component of a Project Initiation Document / Terms of Reference? A. Detailed Analysis B. Timescales C. Risks D. Objectives Answer: A Question: 6 Which level of plan forms the basis of the project manager's day to day control? Page 1 of 10

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