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Cost Planning Quiz

Authored by Joel Kamalrajh

Professional Development

12th Grade

Used 1+ times

Cost Planning Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who is responsible for cost planning?

Project Managers

Clients

Consultants

Subcontractors

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a feasibility study?

To evaluate the viability of an idea

To determine the difficulty in carrying out a task

To implement a project

To conduct technical development

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of having proper cost planning for a construction project?

Avoiding delays

Ensuring quality

Managing risks

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the reasons for not having a proper cost plan?

All of the above

Poor decision-making

Lack of resources

Inadequate budgeting

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the Resource Management Act 1991 focused on?

Economic development

Environmental protection

Social welfare

Cultural preservation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of Environmental Impact Assessment (EIA)?

To assess the technical feasibility of a project

To predict the impacts of a project on the environment

To evaluate the economic viability of a project

To determine the legal requirements for a project

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the stakeholders involved in feasibility study decisions?

Technical Experts

Investors and Funders

All of the above

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