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Project Management (ch2)

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Master Project Management Concepts

Test your knowledge of procurement and project management principles with this engaging quiz! Designed for students and professionals alike, this quiz will cover various aspects of procurement management, contract types, and project objectives.

30 carefully crafted multiple-choice questions
Immediate feedback on your answers
Perfect for brushing up on essential project management skills

88 Questions22 MinutesCreated by ManagingTree327

Which one of the following statements best defines " Procurement " ? (Mid-term)

A technique to establish the best approach for obtaining the resources for the project.

A group of interrelated resources and activities that transform inputs into outputs.

The description of the purpose, form and components to support delivery of a product.

The process by which products and services required for the project are acquired

Is a mutually binding agreement that obligates the seller to provide the specified product or service and obligates the buyer to pay for it. (Mid-term)

Risk register.

Stakeholders register

Contract.

Project schedule

�……… is used to determine if the internal resource will complete the work or any of the work will be outsourced.(Quiz 2)

procurement statement of work.

Make or buy decision.

Request for proposals.

invitation for bids

The contractor may decide to subcontract an item of work in order to : (Mid-term)(Exercise 2)

gives a chance to another contractor

Cover lack of specialized resources

Reduces project cost.

None of the above.

- Sellers’ selection criteria may include :

Technical capability.

Financial capacity.

Management approach

All of them.

�……… is used to rate sellers’ proposals. (Midterm)(Quiz 2)

Make or buy decisions.

Stakeholders register

Source selection criteria

All of the previous.

�……… documents how procurement will be executed, monitored and controlled, and closed. (Quiz 2)

Procurement statement of work

Procurement management plan.

Request for proposals

invitation for bids.

Plan procurement management process includes the following activities EXCEPT : (Midterm)

Creating the procurement documents.

Selecting contract type.

Answering sellers’ questions

All of the previous.

The inputs of plan procurement management process include the following EXCEPT : (Midterm)

Risk register

Stakeholders register

Agreements.

Project schedule.

- ………… is the scope of work to be done for each procurement.(Quiz 2)

Procurement statement of work

Make or buy decision.

Request for proposals.

invitation for bids.

- Plan procurement management process includes : (Quiz 2)

Agreements

Selecting contract type.

Selecting sellers.

All of them

The output of Plan procurement management process includes: (Quiz 2)

Make or buy decision.

Agreement

Procurement documents update.

All of them.

Type of contract or (Procurement documents) is an output of Plan procurement process stage.

True

False

- Agreement or (Procurement documents update) is an output of conduct procurement process stage.

True

False

Announcement, bid preparation and bid evaluation are main steps in plan procurement process stage.

True

False

�…… is a meeting between the buyer and prospective sellers before submittal of bid proposals. It is used to ensure that prospective sellers have thorough and common understanding of procurement requirements.(Quiz 2)

Procurement negotiations.

Bidder conference.

Request for proposals.

Invitation for bids.

In considering the objectives for a project, which of the following would the project team find of most importance ? (Mid-term)

Scope.

They are all of equal importance unless otherwise stated.

Time then scope then cost.

Quality then time then cost.

�....... Is a secondary objective of the project.

Functional performance

Scope

Protection of the environment

Cost

All of the following are examples of project’s secondary objectives EXCEPT : (Quiz 2)

A) Transfer of technology

Involvement of client in contract management.

Training of the client's staff.

Project scope.

Contracts are classified according to the payment to the contractor.

True

False

All of the following factors affect the selection of a given contract type EXCEPT : (Midterm)

Risk sharing

Owner involvement

Cost control

Flexibility for changes

The main factor(s) that influence the choice of a given contract : (Quiz 2)

The incentive

Risk sharing

The flexibility

All of the above

The difference between "Price-based contracts" and "Cost-based contracts" is mainly about : (Mid-term)

Consideration of type of the project

Consideration of source of funds

Consideration of the payment methods between parties

Consideration of the project risks

The direct costs are the summation of the cost of the labor, equipment, materials, and subcontractors.(Exercise 2)

True

False

Overheads include the cost of items which cannot be directly charged to a specific work element. (Exercise 2)

True

False

- Price of contract = Cost of Contract + Markup (Profit).

True

False

In cost-based contracts, if the cost increases the contractor’s profit increases.

True

False

- In price-based contracts, if the cost increases the contractor’s profit increases.

True

False

Which type of contracted arrangement would be best used when the quantities of work are difficult to determine in advance ? (Midterm)(Exercise 2)

Single fixed price

Unit price

Cost plus a fee

None of the above

- Cost-plus contracts are generally more-risky to the : (Mid-term)

Owner

Engineer

Contractor

Government

Contract changes are more likely to occur on a single fixed price contract than on a cost plus fee contract.(Exercise 2)

True

False

- In lump sum contracts, it is allowed to change in the quantity of work performed within a limit of 25%. (Exercise 2)

True

False

The owner has the ability to know the contractor profit in the unit price contracts. (Exercise 2)

True

False

Loading of rates may be risky to both the contractor and the owner in the Unit-Price Contract.

True

False

Contract type has not effect on the project deadline. (Exercise 2)

True

False

Cost-reimbursable contract involves a high level of flexibility for design changes.

True

False

- Cost-reimbursable contract has direct financial incentives for the contractor to perform efficiently.

True

False

In Target cost contract the contractor will be paid a share for any saving between target and actual cost.

True

False

A construction claim is a request for payment or time extension to which the contractor considers him/herself entitled

True

False

Lump Sum contracts are generally more-risky to the : (Mid-term)

Owner

Engineer

Contractor

Government

Which type of contracted arrangement would be best used for repetitive and similar units ?

Single fixed price

Unit price

Cost plus a fee

None of the above

You’re working on the procurement plan for a computer software program. You’ve decided to contract with a professional services company that specializes in writing custom software programs. You want to minimize the risk to your organization, so which contract type you’ll choose ? (Mid-term)

Unit price.

Cost plus fixed fee.

Fixed price.

Cost plus incentive.

Typical and well-defined projects are often constructed based on the following type of contract. (Mid-term)

Cost plus.

Target cost

Admeasurement.

Lump-sum.

Which of the following contract types should you use for projects that have a high degree of uncertainty ? (Mid-term)

Fixed price

Cost plus.

Lump sum

Unit price.

- As an owner, which of the following contract types should you use if you would like to be highly involved in the project management ?

Fixed price.

Cost plus

Lump sum.

Unit price

Ill-defined projects are often constructed based on the following type of contract : (Midterm)

Unit rate.

Unit price

Lump-sum.

Target cost

- In a project of a cost-plus contract, while excavation the ground water was found not taken into consideration in the design, so who will pay for the dewatering cost ?

Owner

Engineer

Contractor

Government

Which type of contract would be best used for a pumping station of standard design ?

Lump Sum

Unit price (Admeasurement)

Cost plus a fee

None of the above

- Which type of contract would be best used for Turnkey construction ?

Lump Sum

Unit price

Cost plus

None of the above

Which type of contract would be used when the client wishes to be involved in contract management ?

Lump Sum

Unit price

Cost plus a fee

None of the above

Which type of contract may be used when it is desirable for design to proceed concurrently with construction ?

Lump Sum

Unit price

Cost Reimbursable

None of the above

The Contract that has very limited flexibility for design changes :

Lump Sum

Unit price

Cost plus a fee

None of the above

In the admeasurement contracts, the item description, quantity, unit of measure, unit cost and the total cost in the B.O.Q should be cleared

True

False

Which type of contract would be best used for repairing projects ?

Single fixed price

Unit price

Cost plus a fee

None of the above

Which type of contract would be best used for large projects like the metro ?

Lump Sum

Unit price

Cost Reimbursable

None of the above

- In which contract of the followings, the final project price is known at tender ? (Quiz 2)

Cost-reimbursable.

Target cost.

Lump sum.

All of them

The advantage (s) of a traditional delivery method is (are) : (Mid-term)

Reduced project time

Known project cost before construction

Non-adversarial relationships between participants

All of the above

The developer of a 40-story high-rise office building desires the shortest possible construction time. What delivery methodwould be the best ? (Mid-term)

Traditional

Design-build

Construction project management

All of the above

If the owner would like to benefit from the contractor’s design experience, then which of the following delivery approaches should be used ? [Final Exam 2019/2020] (Mid-term)

Traditional

Build-Operate-Transfer

Direct labor

Design-build

Which of the following delivery approaches is suitable for Fast-Track Projects ? [Final Exam 2019/2020] (Mid-term)

Traditional

Design-Build

BOT

Construction Management

If the owner would like to benefit from the contractor’s design experience, then which of the following delivery approaches should be used ? (Mid-term)

Traditional

Design-Bid-Build

Direct labor

None of the above

�… is typically used for construction projects where the owner has clearly established the requirements prior to design. It can also be an appropriate method when time is a constraint, as it removes the time that would be consumed by the bidding and procurement process

Traditional

Design-Build

BOT

Construction Management

- …… is considered when there is a need for time saving, flexibility for design changes, and owner has insufficient management resources. (Mid-term)

Traditional

Design-Build

BOT

Construction Management

- Which of the following delivery approaches, if something goes wrong or an unforeseen circumstance requires changes, the designer and contractor blame one another for the cost overruns or schedule changes, often leading to litigation and delays which add to the project cost ? (Mid-term)

Traditional

Build-Operate-Transfer

Direct Labor

Design-Build

In which delivery method, an owner will initially hire an architect or engineer to create design documents (drawings and technical

Traditional

Build-Operate-Transfer

Direct Labor

Design-Build

In traditional delivery method, design risks lie with ……… .

Owner

Contractor

Consultant

Third party

In traditional delivery method, construction performance risks lie with ……… . (Mid-term)

Owner

Contractor

Consultant

Third party

In ……… method, the consortium performs design, construction, financing, operation, and maintenance. And shares the cost and the profits gained from user fees, for a stipulated number of years. (Mid-term)

Traditional

BOT

Construction Management

Design-Build

In which of the following delivery approaches the owner organization performs both design and construction using its in-house labor force ?

Traditional

Design-Build

BOT

Direct labor

- In Traditional delivery method, the owner manages only one contract with a single point of responsibility.

True

False

In a design-build project, the owner hires a company or team under one contract to deliver the construction project from start to finish.

True

False

In Traditional delivery method, the owner will typically be dealing with at least two persons or companies to deliver their project.

True

False

Traditional method isolates the contractor from the design process.

True

False

In professional construction management (PCM) method, the consortium performs design, construction, financing, operation, and maintenance. And shares the cost and the profits gained from user fees, for a stipulated number of years. Afterwards, the project returns to the owner (government) to become publicly owned

True

False

From contracts documents:

Conditions

Modifications

Warranty

Bill of Quantities

All of the above,Agreement form, Drawings, Specifications, Plans

The General Conditions are used to spell out the rights and responsibilities of all the parties involved in the contract.

True

False

- In .......... approach, the design has to be completed before implementation can start. (Quiz 3)

Design-Bid-Build .

Design Build .

Turnkey.

BOT.

In ……… approach, the owner performs both the design and the implementation.(Quiz 3)

Design-Bid-Build .

Design Build .

Turnkey

Director labor force.

- ……… approach is suitable for low risk projects. (Quiz 3)

Design-Bid-Build .

Design Build .

Turnkey.

Director labor force.

�…… approach is suitable when the project is clearly definable, design is completed, time need not be shortened.

Design Build .

Turnkey.

Design-Bid-Build.

...........approach is used mostly for repetitive typical work. (Quiz 3)

Design-Bid-Build .

BOT

Turnkey

Director labor force.

�……… approach is suitable when the changes are unlikely to occur during project implementation.(Quiz 3)

Design Build .

Turnkey.

Design-Bid-Build.

All of them.

In …… approach, design and implementation are usually performed by two different parties who interact directly and separately with the owner. (Quiz 3)

Director labor force

Design Build .

Turnkey.

Design-Bid-Build.

�…… approach is suitable for fast track projects. (Quiz 3)

Design-Bid-Build

Design Build .

Turnkey.

BOT.

In ……… approach, Design does not benefit from implementer expertise

Design-Bid-Build .

Design Build

Turnkey.

BOT

- In ……… approach, the contractor performs both the design and the implementation.(Quiz 3)

Design-Bid-Build.

BOT.

Turnkey.

Director labor force

�…… is well documented approach used in most government projects. (Quiz 3)

Design-Bid-Build.

Design Build.

Turnkey

BOT.

- One important benefit of the Design-Build delivery approach is : (Mid-term)

Owner benefits from contractor’s experience in design

Lower project cost

Delivering projects with high quality

Reducing project risks.

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