In Project Management, when would you use aMonte Carlo Analysis?

• A.to set a project timeline
• B.to simulate risks
• C.to assign a budget
• D.to work out return on investment

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Which of the following is an example of an exogenous disruption that stimulates the requirement for change within an organisation?

• A.company restructure
• B.pressure to increase revenue
• C.increase in tax rate
• D.change of management

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Zumaya is a Procurement Manager and has recently introduced a new e-sourcing tool. She is evaluating the change against the metrics identified at the start and will continue monitoring as staff use the system. What type of evaluation is this?

• A.return on investment evaluation
• B.procurement evaluation
• C.process evaluation
• D.summative evaluation

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_____ is the new knowledge area identified by the Project Management Institute.

• A.Project risk management
• B.Project communication management
• C.Project stakeholder management
• D.Project procurement management

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The critical path is the _____ path through a network diagram, and it represents the _____ amount of slack or float.

• A.longest; longest
• B.shortest; shortest
• C.shortest; longest
• D.longest; shortest

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