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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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