Question

Highlighting contractor`s unique factors is a good strategy to:

Select one:

a. Control risk

b. Win a new contract

c. Get high technology

d. Develop a realistic plan

In a fixed-price contract, the contractor is primarily concerned with which of the following

Select one:

a. Risk

b. Capacity

c. Price

d. Audits

Lesson learned from last projects are registered in the phase of:

Select one:

a. Initiating

b. Closing

c. Planning

d. Feasibility

Mangers try to ensure necessary resources and authority in order to achieve:

Select one:

a. Defined roles

b. Successful delegation

c. Balanced participation

d. Clear objectives

Of the following, which one is not a typical activity of manager?

Select one:

a. Milestone completion

b. Controlling the project work

c. Planning the project schedule

d. Planning

Answer 1

1)Answer

b) Win a new contract

Highlighting contractor's unique factors can help to win or agree on the contract because it shows the plus points of the contractor and how he /she can be of a great help to us.

2) Answer

a) Risk

A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss.

3) Answer

c) Planning

Lessons learned from the past projects can be used as a planning and preparing for current projects ,so this phase can be considered as planning satge.

4 ) Answer

d) Clear objectives

Management is basically the act of engaging with an organization’s human talent and its resources to accomplish desired goals and objectives.

5) Answer

a) Milestone completion

Manager plays a major role in planning and controlling or monitoring of project work / task which is used to deliver timely project information allowing managers to take corrective measures to keep the project on track.