How It's Done
What are the key phases of the business cycle in order?
Market Strategy, Business Acquisition, Set Up, Execution, Close Out
Business Acquisition, Market Strategy, Set Up, Execution, Close Out
Engineering, Procurement, Construction, Installation
Staying home and lounging by the pool is a key phase in the business cycle
What Functions is Project Support composed of?
Engineering, Construction, Procurement,Project Management, Marine Assets & Operations
Engineering, Fabrication, Supply Chain, Marine Assets & Operations, Project Management & Controls
Geek Squad, Bean counters, and Smart guys who fix stuff
Engineering, Procurement, Construction, Installation
In Market Strategy (Analyze It) the Strategic Intitiative Process is to:
Dilute, Accept, Plan, Exceed
Discover, Assess, Plan, Execute
Discuss, Achieve, Plot, Engineer
Discuss, Any, Partying, Excuses
The key milestones the Strategy team reports in the business development process include_______ decisions:
Bid, No bid, Lost
Bid, Delayed, No bid, Canceled
Capture planning, Priority Setting, Bid, No Bid
Absurd
Business Development has certain tasks and activities that realize the objective to gain opportunities and fit the strategy of the business. What is the 5th task listed in "Win It."
Understanding the Market and Demand
Client Relationship
Select Targets
Prepare to Win
Whom does the Commercial function rely on to ensure that proposals are robust and accurate?
Planners and Schedulers
Proposals & Estimating
Project Management
The toothfairy
What are the minimum activities that must occur to satisfy the role of P&E?
Submission, Post-Submission, Installation, Planning
Intiation, Progressive Preparation, Submission, Post-Submission
Planning, Progress, Estimate, Schedule
Figure out with P&E stands for
Which of these are key fundamentals of Project Set up phase?
Control and Assurance
Transfer from Proposals to Project team
Customer relationship and Strategic plan
All of the above
Which of the following statements are not true?
Baseline documents are not important and the project need not execute to the baseline.
Kick off meeting must be held within 30 days of Project award.
An internal alignment meeting must be attended by only McDermott personnel.
A gated review of the quality of output must be conducted within 90 days.
What is the intent of the CONQ program?
To hold a Root Cause Analysis to stop all losses
To gather statistics to know how much money is lost
Identify / prioritize largest value losses, that if prevented could have positive effect on financial performance of the company.
Make an acronym for Cost of Non Quality
The Project Profit Plan includes:
Project financial performance scenarios (risk/opportunities)
Adjustments to be included as contingent items in the Area management quarterly forecast
Monthly revisions with Area and Operations manager
All of the above
The purpose of Project Controls is to:
Produce many reports
Manage project, spot early deviations, implement remedial measures to deviations
Gather data and influence the time / cost of a project, but forget to analyze the statistics
Produce reports to assist in making decisions but hide them from Project Manager
The mission of the Engineering function is to:
Service internal / external clients through global network of engineeris working to a consistently high standard
Create innovative costly designs
Hire all of the engineers in the world
Produce average designs
Organizational development in the Engineering function:
Is the development of a hierarchy
Develops well rounded engineers with self development and rotaional training
Does not exist
Does not encourage personnel to seek new challenges
In order for engineering to minimize cost on projects ______ will be implemented.
One new Area office
Ergonomic offices
Work-share across Areas with High Value Centers
New software
What is the purpose of the Project Procurement Plan (PPP) and the Project Subcontracts Plan (PSP)?
Place project off to best possible start and as many critical packages on critical path
Support Project Procurement and Project Subcontracts Manager
Identify all 3rd party products and services to be acquires as part of the project scope of work
To make great PB&J's
What evaluations happen before the Reccomendation of Award (ROA)?
Technical and Commercial Bid Evaluation
Technical and Careful Bid Evaluation
Commercial and Titan Bid Evaluation
Client Telepathy Evaluation
Any change order will be intiated by what and signed and executed by who?
Letter and project manager
PO or Subcontract amendment/revision and signed by both parties
Phone call and project director
The client and the client
When does the Constructability Review do a formal gate review?
Project Management dictates 30% progress and then again at 60%
Engineering reaches 25% and then again at 50% completion
Engineering reaches 30% and then again at 60% completion
Before the start of Fabrication and at every milestone reached
Which of these is NOT a requirement of the Fabrication Execution Plan?
Load out and Marine Assets & Operations methodology
Project specific procedures
Clay painting
Fabrication schedule
The primary work cells within a fabrication yard are:
Prefabrication and loadout facilities
Blasting, painting, and commissioning
Assembly and fabrication areas
All of the Above
Which of the following are responsibilities of Marine Operations?
Operational management of all marine vessels
Consistency in worldwide operational methods of execution
QHSES performance of all offshore crew and assets
All of the above
Which of the below are NOT responsibilities of the Lifting and Rigging Committee?
Review installation procedures
Establish the risk class for each operation
Conduct Task Risk Assessments
None
Which of the below are NOT responsibilities of the QHSES function as indicated in the Operating Model?
Business Acquisition Process
Audits and Inspections
Area Control
Subcontractor QHSES Managememt
The DPM Process consists of only the following three parts - Goals, Performance Appraisal and Development Plan.
TRUE
FALSE
Which Area has desginated legal counsel?
Global Operations
Middle East Area
All Area Regions
None
Which of the below is NOT a primary compliance acitivity listed in " How its done?"
Financial filings to U.S. SEC
Financial filings to the London Stock Exchange
Annual SOX certification
Federal, State and local government tax filings
What are the key IT governing bodies?
IT Executive Board
IT Steering Committee
IT Project Approval Committee
All of the above
At what dollar amount do project investments go to the ITEB for approval?
$100,000-250,000
<$100,000
>$250,000
>$500,000
What is NOT an integral part of the close out report?
Lessons Learned
Final Project costs, reasons for major variances (positive or negative)
Production Schedule and reasons for and deviations from the baseline.
Files of all deliverables submitted.
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