Project Execution Methodology: Preliminary Contract Activity
Quiz
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Other
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Professional Development
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Practice Problem
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Easy
Sarah Haw
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of the Preliminary Contract Activity in project execution?
To review completed projects
To identify and define the project scope, contracts, and initial planning
To finalize payments for completed projects
To review project marketing and sales activity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor in determining the right project solution?
Technology
Project Team
Customer's Budget
Resource Vacation Schedule
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed Price Contracts require a well-defined project scope to function effectively.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A "Time and Materials Not to Exceed" contract has no upper limit on costs.
TRUE
FALSE
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services, is called a ______.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The first step in the life of a new project is receiving an _____.
7.
OPEN ENDED QUESTION
3 mins • 1 pt
What are two key reasons why having a clearly defined scope is important in project execution?
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