What is not listed as Cost-Plus Contracts? A. The contractor with the lowest bid agrees to perform all work specified in the contract at a fixed price B. The contractor is reimbursed for all direct allowable costs (materials, labor, travel)…
What is not listed as Fixed-price (FP) Contract or Lump-Sum Agreement? A. The contractor with the lowest bid agrees to perform all work specified in the contract at a fixed price B. The disadvantage for owners is that it is…
How many types of project contract? A. Fixed-price (FP) Contract or Lump-Sum Agreement B. Cost-Plus Contracts C. Fixed price and cost-plus contracts D. Outsource Answer: Option C
A lack of incentive for continuous improvement by contractors participating in the partnering relationship is part of: A. Project success B. Project failure C. Both project success and failure D. Project improvement Answer: Option B
Which statement is not listed to explain the advantages of long-term partnerships? A. Reduced administrative costs and more efficient utilization of resources B. Recognize special contributions C. Improved communication, improved innovation D. Improved performance Answer: Option B
Which statement does not explain why project partnering is failed? A. Senior management fails to address problems or does not empower team members to solve problems B. Cultural differences are not adequately dealt with such that a common team culture…
When the project partnering is completed, what is not listed in your do list? A. Conduct a joint review of accomplishments and disappointments B. Hold a celebration for all project participants C. Build a collaborative relationship among the project managers…
What are the sequences of strategies for communicating with outsourcers? A. Recognize cultural differences, confirm your requirements, choose the right words, , and set deadline B. Recognize cultural differences, choose the right words, set deadline C. choose the right words,…
What is not listed as the best practices in outsourcing project work? A. Well-defined requirements and procedure B. We do not need to treat outsourcers as partners C. Well-established conflict management process in place D. Long-term outsourcing relationships Answer: Option…
Which statement best explained the disadvantages of outsourcing project work? A. High level of expertise and flexibility B. Cost reduction, faster project completion, high level of expertise and flexibility C. Coordination breakdown, less of control, interpersonal conflict, and security issues…
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