PP3 ODAR3 CSB FINAL EXAM

the process of identifying, assessing, and

controlling threats to an organization’s capital or

earnings.

• Project

  Risk

• Risk

  Assessment

• Risk

  Management

• Risk

  Control

refers to an argument or a

disagreement between two parties over an issue. In the

project management perspective, disputes involve

disagreements or arguments within the project team.

• Project

  Risk

• Project

  Claims

• Project

  Disputes

• Risk

  Assesment

General liability insurance can help protect you and

your firm from the financial repercussions from

lawsuits that claims personal injury, client injury, or

intended property damage.

• TRUE

• FALSE

Project managers are typically engaged throughout

the design process.

• TRUE

• FALSE

_______ are responsible for ensuring that the

finished product of the construction project is safely

and appropriately constructed. They make sure

that the project is as efficient as possible, reducing

costs while maintaining necessary safety features.

• Architects

• Engineers

• Workers

• Inspectors

an approach to procurement that weighs

the overall value delivered through a vendor relationship

rather than the simple cost of the product or service provided

by a vendor and also builds relationships between firms and

their supplier that they trust.

• Project

  Management

• Risk

  Management

• Project

  Sourcing

• Supply

  Manangement

a way to build relationships between

firms and their supplier that they could trust.

• Project

  Management

• Construction

  Management

• Project

  Sourcing

• Supply

  Management

represents what the firm plans to invoice

clients for their architectural services

rendered

• Net Income

  Goal

• Profit

  Goal

• Gross

  Revenue Goal

• Net Revenue

  Goal

-the firm's return on investment (ROI)

-percentage of net revenues, after

expenses and before taxes.

• Income Goal

• Revenue Goal

• Profit Goal

• Return Goal

manages people and time over the course of

specified project-related activities.

• Project

  Management

• Financial

  Management

• Financial

  Planning

• Financial

  Health