PK0-005 Project Management Concepts Practice Question
A project manager is selecting a project using financial methods. Which THREE of the following are valid project selection methods? (Select THREE).
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Net Present Value (NPV)
NPV, IRR, and payback period are financial selection methods. Scope statement and WBS are project documents, not selection methods.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Work Breakdown Structure (WBS)
Why it's wrong here
WBS is a planning tool.
- ✓
Net Present Value (NPV)
Why this is correct
NPV is a financial method.
- ✓
Internal Rate of Return (IRR)
Why this is correct
IRR is a financial method.
- ✓
Payback period
Why this is correct
Payback period is a financial method.
- ✗
Scope statement
Why it's wrong here
Scope statement defines scope, not a selection method.
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