Project Execution Methodology: Preliminary Contract Activity

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

Which of the following is NOT a factor in determining the right project solution?

• Technology

• Project Team

• Customer's Budget

• Resource Vacation Schedule

Fixed Price Contracts require a well-defined project scope to function effectively.

• TRUE

• FALSE

A "Time and Materials Not to Exceed" contract has no upper limit on costs.

• TRUE

• FALSE

The document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services, is called a ______.

The first step in the life of a new project is receiving an _____.

What are two key reasons why having a clearly defined scope is important in project execution?

Evaluate responses using AI:

OFF

What are three ways RoviSys gets its name out to potential customers?

Evaluate responses using AI:

OFF

What does "scope" refer to in project execution?

• The overall budget and financial resources assigned to a project

• The defined work, deliverables, and objectives that must be completed

• The schedule, deadlines, and milestones for project completion

• The process of managing changes and unexpected challenges in a project