PK0-005 Project Management Concepts Practice Question
During project selection, an organization evaluates multiple projects using financial methods. Which THREE of the following are commonly used financial 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 standard financial 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.
- ✓
Net Present Value (NPV)
Why this is correct
NPV calculates profitability in present value.
- ✗
Earned Value Management (EVM)
Why it's wrong here
EVM is a performance measurement technique, not a selection method.
- ✓
Internal Rate of Return (IRR)
Why this is correct
IRR is the discount rate where NPV=0.
- ✗
Resource leveling
Why it's wrong here
Resource leveling is a scheduling technique.
- ✓
Payback period
Why this is correct
Payback period is time to recover investment.
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