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Project Execution Methodology: Preliminary Contract Activity

Authored by Sarah Haw

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Professional Development

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Project Execution Methodology: Preliminary Contract Activity
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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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