Project Management (ch2)
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
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
€¦â€¦â€¦â€¦ 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.
€¦â€¦â€¦â€¦ is used to rate sellers’ proposals. (Midterm)(Quiz 2)
Make or buy decisions.
Stakeholders register
Source selection criteria
All of the previous.
€¦â€¦â€¦â€¦ 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
€¦â€¦â€¦ 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
€¦â€¦ 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.
€¦â€¦â€¦ 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.
€¦â€¦â€¦â€¦ 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.
€¦â€¦â€¦ 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
€¦â€¦â€¦ 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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