Dip. Cost Planning and Feasibility Studies

1. What is the primary objective of cost planning?

• A. Increase project scope

• B. Ensure financial control and efficiency

• C. Minimize project timeline

• D. Maximize project stakeholders

2. What is a feasibility study?

• A. A marketing strategy

• B. A detailed budget plan

• C. An in-depth assessment of project viability

• D. A technical manual

3. Which is NOT a key element of a feasibility study?

• A. Market analysis

• B. Technical assessment

• C. Financial analysis

• D. Artistic design

4. What is the role of feasibility studies in decision making?

• A. To design project logos

• B. To assess the viability of a project

• C. To create advertising campaigns

• D. To hire project staff

5. Which type of feasibility study assesses project viability from a technical perspective?

• A. Economic feasibility

• B. Legal feasibility

• C. Technical feasibility

• D. Operational feasibility

6. What does the financial analysis in a feasibility study involve?

• A. Estimating costs and projecting revenues

• B. Designing the project’s logo

• C. Hiring staff for the project

• D. Conducting surveys and interviews

7. Why is tailoring the level of detail in feasibility studies important?

• A. To meet budget constraints

• B. To ensure project complexity and scale are considered

• C. To reduce the project timeline

• D. To attract more investors

8. Which of the following is part of the feasibility study process?

• A. Initiation

• B. Marketing

• C. Branding

• D. Distribution

9. What is static analysis in financial feasibility?

• A. Analysing cash flows over time

• B. Identifying fixed and variable costs

• C. Conducting market surveys

• D. Creating a project brand

10. What does NPV stand for?

• A. Net Payment Value

• B. New Project Value

• C. Net Present Value

• D. Nominal Present Value