Project Management

Project Management

Vocational training

14 Qs

quiz-placeholder

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Project Management

Project Management

Assessment

Quiz

Construction

Vocational training

Practice Problem

Medium

Created by

Yvonne Daley

Used 1+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT IS A RAG RATING?

A Risk & Governance Rating to monitor project threats

A Red/Amber/Green Rating to facilitate risk assessments

A Risk and Reward assessment when carrying out feasibility studies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Critical Path in a Network Diagram?

The shortest time in which any of the routes within a network diagram can be completed

The path through a network diagram that is critical to success of a project

The longest route to completion through a network diagram

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the most commonly used Standard Forms of Contract used in the UK?

JCT and NEC Contracts

FIDIC and JCT Contracts

ACA and NEC Contracts

NEC and FIDIC Contracts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Practical Completion under a JCT Contract?

When all work has been completed and all payments have been made under the contract

When all payments have been made under the contract

When all work is completed and the penultimate certificate for payment is due

When handover has taken place and the Final Certificate has been issued

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT ARE INTERIM PAYMENTS UNDER THE JCT CONTRACT?

Advanced payments that are made whilst the contractor is awaiting their monthly payment

Payments made before the contractor starts on site

Payments made following a valuation of work carried out to date prior to Making Good Certification

Payments certified by a Contract Administrator during all stages of a project

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHAT IS COMMERCIAL RISK?

Potential losses or disruptions that can arise during the course of a project or for a business

Risks associated with advertising

All forms of Project Risk that affect a contractor alone

Identified and unidentified risks that affect the design stage of a project

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

WHY WOULD A CONTRACTOR MEASURE KPI'S IN RESPECT OF ACCIDENTS ON THEIR BUILDING PROJECTS?

To provide statistics for auditors

To monitor safety on their sites and use the data to improve safety and decrease commercial risk

To compare their business to similar contractors to prove they are better

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