Project and Systems Development Life Cycles Quiz
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Questions and Answers

What does strategic planning involve?

  • Conducting daily operations
  • Analyzing past performance
  • Reacting to immediate market changes
  • Predicting future trends (correct)

    • Which method helps in determining the amount of time it will take to recoup the invested amount in a project?

  • SWOT analysis
  • Return on investment (ROI)
  • Payback analysis (correct)
  • Net present value (NPV) analysis

    • How is Net Present Value (NPV) calculated?

  • Total discounted benefits minus initial costs (correct)
  • Total discounted costs divided by total discounted benefits
  • Total discounted costs subtracted from total sales revenue
  • Total discounted benefits multiplied by initial costs

    • In Return on Investment (ROI) calculation, what does the ROI formula represent?

    <p>Project benefits divided by project costs</p> Signup and view all the answers

    What is the primary consideration when calculating ROI for a project?

    <p>Project costs and benefits</p> Signup and view all the answers

    Which analysis method focuses on the current worth of a project with respect to a discount rate?

    <p>Net Present Value (NPV) analysis</p> Signup and view all the answers

    For a project, what does a higher Net Present Value (NPV) indicate?

    <p>A better expected net monetary gain</p> Signup and view all the answers

    What is the purpose of Payback Analysis?

    <p>Estimating how long it takes to recoup the invested amount in a project</p> Signup and view all the answers

    What can be deduced from a shorter payback period for a project?

    <p>The project is more financially viable</p> Signup and view all the answers

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