Unit 3 - A1

What is the purpose of project management?

• Plan, organise, budget and control the project, so it meets the needs of the customer within the constraints given.

• Plan, organise, budget and control the project, so it goes against the needs of the customer within the constraints given.

What is a sub-contractor?

• an individual or business paid to work on a project, usually known as a third party, and an employee of the company that the project is being carried out for.

• an individual or business paid to work on a project, usually known as a third party, and not an employee of the company that the project is being carried out for.

• an individual and business paid to work on a project, usually known as a third party, and an employee of the company that the project is being carried out for.

What is a project budget?

• Is a sum of money allocated to undertake and complete a task.

• Is a partial sum of money allocated to undertake and complete a task.

• Is a sum of money allocated to complete a part of a task.

What is a PM?

• The Planning Manager (PM) is responsible for planning the project and overseeing its execution within the constraints of the budget.

• The Project Manager (PM) is responsible for overseeing the projects execution within the constraints of the budget.

• The Project Manager (PM) is responsible for planning the project and overseeing its execution within the constraints of the budget.

What is contingency mean?

• Uanticipated allowance made for expected future events.

• Anticipated allowance made for unexpected future events

• Unanticipated allowance made for expected future events

• Anticipated allowance made for expected future events

What sort of unexpected events might result in using a contingency fund?

• Rising costs of labour

• Bankruptcy

• Delays in supplies

• Need for additional resources

Why would a PM set milestones and deadlines?

• PM can organise resources in accordance with each stage and keep better control over the budget

• PM can organise people in accordance with each stage and keep better control over the budget

• PM can organise resources in accordance with the overall project

What does schedule of works mean?

• A plan or procedure defining the project

• A plan or procedure defining the activities that need to be carried out to achieve the project aim

• A plan or procedure defining the activities that need to be carried out to achieve the project objectives

Who should be involved in an interim review?

• PM

• Each member of the team and the client

• Client and PM

• Each member of the team

Why is an interim review important?

• Enables the team to organise the work involved in each step in sequence.

• Enables the team to organise the entire project.